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Weekly Commentary 8/10/15

The Global Markets were off to a head start on Monday morning. Over the weekend, rumors materialized that Buffett's Berkshire Hathaway was making a large acquisition of $32.4 billion in cash for Precision Castparts (PCP). With earnings news settling down, we can expect M&A deals to continue to stay on track to beat last year's $4.28T deal size. 
Auto sales in July increased 6.2% year over year, indicating a stronger than expected sign in consumer confidence. Even with jobs growth slowing down, the U.S. economy seems to be taking as a good sign as labor markets approach full employment. The most important figures releasing this week will be retail sales data for July. As consumer confidence strengthens we should expect an uptick in GDP for the latter half of the year.
The rest of August should be a slow period as investors and politicians take time off. In the meanwhile, we will focus our efforts on the Chinese economy and update you with more info. 
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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