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7/27 Weekly Commentary

Economic and political continue to stall global market growth. Recurring words in the news consist of: China's growth, Greece Debt, and Oil Supply. Mixed results along with unexciting growth prospects makes the markets quite challenging. This week alone over 600 companies will release corporate earnings, producing solid insight on how the U.S. and global markets have performed for the first half of the year. 
With earnings estimates being revised down, investors need to be cautious on how market sentiment may amplify volatility. With the S&P 500 nearing its all time market highs, analysts can be swift to downgrade on any negative news. 
The focus for this week should be on energy. Even with the recent drop in oil, consumer spending has begun to signs of slowing down. Crude oil spiked 20% during the second quarter but eventually settled back ~$50 last week. The decline brought down the price of energy related stocks as concerns of revenue levels and impairments costs bring uncertainty. The strong U.S. dollar and increasing inventory levels weigh heavily on the price of oil. Energy profits are expected to fall 50% from last year's estimates and investors can certainly earnings forecasts to be revised downwards again for the rest of 2015. 
At the time of this commentary Vijar Kohli, his family and/or clients of Golden Door Asset Management held no positions in the stocks mentioned above — although positions can change at any time.
Vijar Kohli is the Portfolio Manager of Golden Door Asset Management, LLC, a registered investment advisor specializing in individual and high net worth individual private wealth management. For more information on investing with Golden Door Asset Management, LLC please visit our website,www.goldendoorasset.com. Golden Door Asset Management, LLC is a New Jersey LLC, with its principal office located in Manalapan, NJ.
Vijar Kohli is also the publisher of CareStocks, a newsletter focusing in on healthcare services, medical equipment, technology and real estate stocks. More information to the newsletter can be found at www.carestocks.com.
© 2015 Golden Door Asset Management, LLC. All rights reserved.
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