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Signs of a Healthier Economy - 11/6/15

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The US economy added 271,000 jobs in October as the unemployment rate fell to 5%. Expectations were for 185,000 jobs to be added. These are spectacular numbers as we come closer to year end. A 5% unemployment rate should be considered as full employment and is very healthy for an economy that has shown signs of growth. Even with positive numbers we can see the markets have not reacted much, meaning the expectations were priced in. Hourly wages did increase by 0.4% but the number of part time workers did drop significantly for economic reasons last month. Collectively these are very promising indicators that prove the economy is back on its feet and moving forward. Investors are also beginning to show signs that an interest rate hike is very likely by December and advising clients to tread cautiously as we approach the inflection point. 

As the holiday season approaches, keep an eye on consumer shopping habits at your local watering pool and compare it to your online spending habits. This will certainly help you position your portfolio to close out 2015 on a positive note. 

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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