We Have a Trade Deal (well at least Phase I)

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Yahoo! We have a trade deal for Phase I with China (not signed yet). But it’s a good thing because being the two largest economies in the world, we need to get along with each other. Access to a billion shopper’s can’t hurt either.

At the same time the House is moving to impeachment. Republicans say that no crime has been committed. They are right. Except for one very large thing. He is not accused of a criminal act. He is accused of using the power of the White House to get a foreign country to do something to an American political opponent. That is not a crime, but a preach of our U.S. Constitution (an impeachable offense). It will go the the full House of Representatives who will approve the impeachment. That hasn’t happened in over 150 years. It will go the the U.S. Senate where is will die a slow death. The Senate will not ratify an impeachment. But the whole thing will go on record as being done. It will become a history thing that we will see well into the next 100 years. DJT doesn’t realize how it will impact his family name going forward. He’s is trying to do the right thing, but with his narcissistic personality, he just can’t help himself.

On another front, 35% of Americans are in heavy credit card debt because of all things: Health Card. What ever happened to fixing our Health Cars System? Someone tell me. What’s up with that? Time for those in this pickle need to refinance in an no/low cost interest payment plant. This is what kills an investment portfolio.

Oh well, back to Wall Street

DOW Closed at 28,136.30 up 4.24 points or up a +0.02%

The S&P 500 finished at 3.169.13 (a record high), a whopping 0.56 points or up +0.02% yahoo!

The NASDAQ finished at 8,734.81 up 17.5 points, a record high too, or up +0,02% hmmm

The Russell 2,000 closed at 1.638.02 down -6.8 points and down -0.41% (what is happening to small cap stocks?).

I think we all need to go Christmas shopping. That will help the economy and small business people.

Have a great weekend. I will see you Monday!!!

My two cents for today!

Robert L. woods (a.k.a. R. LaMont W)

 

Robert L Woods

Robert L Woods

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About Me

Robert L. Woods is the retired partner of the Institute For Fiduciary Education (www.ifecorp.com) that provided investment seminars for public and private pension funds, endowments and institutional fund managers. He spent 28 years working for the State of California, as a budget and financial analyst which includes 16 years as an Investment Officer for the California State Teachers’ Retirement System (CalSTRS). At CalSTRS, he established it as one of the nation’s first institutional home loan programs with a down payment assistance component. He also spent 13 years on the Board of Trustees for the Sacramento County Employees Retirement System (SCERS). He was a Trustee with the University of California, Davis, Cal Aggie Alumni Association and a member of the Chancellor’s Council on Community & Diversity. He is a Life Member: Phi Beta Sigma Fraternity, Inc., Theta Gamma Sigma Chapter, Sacramento, CA.

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