Client Login



June 9, 2016



  • The yield on the benchmark 10-year Treasury note declined to 1.662%.
  • Data on Thursday showed consumer inflation in China eased in May for the first time in eight months.
  • ECB President Mario Draghi warned that a lack of economic reforms is making the bank’s job harder.
  • South Korea’s central bank unexpectedly cut its main policy rate to a record low.

Revenue Growth Picks Up at U.S. Service-Sector Firms

  • Sturdy revenue gains across the sprawling U.S. service sector pointed to the economy’s resilience in early 2016.
  • Total revenue at serviceproviding firms rose an estimated 3.6% in the first quarter compared with a year earlier.

Read More
Tesla Motors introduces two less-costly Model S versions

  • The current Model S starts around $76,000 and is often delivered to customers at a price of about $100,000.
  • The new versions, the Model S 60 and the Model S 60D, will have slightly less range and a smaller battery pack than the Model S. The newer models will have a range of more than 200 miles with a starting price of $66,0000.

Read More
AmazonFresh cranks up pressure on British supermarkets

  • Amazon has launched a British version of its U.S. AmazonFresh food delivery service.
  • In a long-anticipated move to break into Britain’s 178 billion pounds ($257 billion) grocery market, the world’s largest online retailer launched AmazonFresh in parts of central and east London.
  • Britain’s online food market is expected to nearly double to 17.2 billion pounds in the five years to 2020, according to industry research group IGD.

Read More
Millions of stolen Twitter logins put on sale

  • More than 32 million Twitter login names and passwords are reportedly being offered for sale online.
  • A hacker using the name Tessa88 is asking for 10 bitcoins (£4,000) from anyone that wants to copy the list.
  • “We have very strong evidence that Twitter was not hacked, rather the consumer was,” said the company in its blog.
  • A breakdown of email addresses in the list revealed that Russian accounts feature prominently at 7.4 million accounts.

Read More
PepsiCo Weighs another Fix to Diet Pepsi

  • Diet Pepsi’s declining sales outpace other diet sodas despite move to different sweetener.
  • U.S. sales fell 12% in the 12 weeks ended May 21, compared with 6.7% for all diet sodas.

Read More
A Bearish George Soros Is Trading Again

  • Billionaire investor sees opportunities to profit from various economic and political issues afflicting the world.
  • Soros Fund Management LLC, which manages $30 billion for Mr. Soros and his family, sold stocks and bought gold and shares of gold miners.

Read More
Three Tide Pods a Wash? Procter & Gamble Pushes More Doses

  • Company says two or more single-use packets a load might be better; advice comes amid tepid sales.
  • While competitors advise tossing in two packets for the largest loads, P&G is alone in recommending triple dosing.
  • P&G’s changing recommendations for a clean load of laundry come at a time when the company is struggling with scant growth and few new hit products.

Coutning Pods

Read More


Jobless Claims fell 4,000 to a very low 264,000

  • This is the third straight sub 270,000 level and makes a distant memory of the early May spike near 300,000.
  • Continuing claims fell a very sharp 77,000 in lagging data, with the 4-week average down 18,000 to 2.145 million.

Read More
WSJ Survey: Economists Sharply Lower Estimates of Job Growth in the Next Year

  • Forecasters see U.S. adding 155,000 jobs a month in next 12 months, down from 180,000 in May poll.

Read More
Solar Makes Up Most of New U.S. Power Capacity for First Time

  • Industry added 1,665 megawatts in first quarter, GTM says
  • Solar accounted for 64% of new capacity, wind added 33%.
  • The U.S. solar industry will add 14.5 gigawatts this year, mainly with large utility-scale power plants, almost double the 7.5 gigawatts installed last year.

Read More


China’s Consumer Inflation Cools, Stoking Stimulus Expectations

  • Consumer-price index rises 2.0% in May, easing from a 2.3% increase in April.

Read More
Foreign Investors Unload Japanese Stocks as Disenchantment Grows

  • Foreigners sold a net $42 billion of Japanese equities in the first five months of the year.
  • Foreign investors, which account for about one-third of Japanese equities holdings, sold a net ¥7.6 trillion of Japanese equities over the 12 months through May.
  • They were net buyers of ¥20.3 trillion during the previous 2½ years.

Read More
Bank of Korea Surprises with a Rate Cut

  • Exports shrank for the 17th-straight month in May.
  • The Bank of Korea lowered its base rate Thursday by a quarter of a percentage point to 1.25%.

Read More
Danish coalition to back $3 billion Lockheed Martin fighter deal

  • The Danish government on Thursday reached agreement with coalition parties to proceed with the purchase of 27 F-35A stealth fighters from U.S. defense giant Lockheed Martin.
  • Denmark would be the 11th country to buy the radar-evading F-35A jets, joining the United States, Britain, Australia, Turkey, Italy, Norway, the Netherlands, Israel, South Korea and Japan.

Read More
Russia unveils new passenger plane it says will rival Boeing, Airbus

  • Russia presented a new mediumrange passenger plane which state media said was superior to its Western-made counterparts in many respects.
  • Irkut Corporation rolled out its new MC-21 passenger plane which is still undergoing testing but is due to enter serial production next year.
  • The plane is sometimes also known as MS-21.
  • The plane will be built in two variants, the MC-21-300 which will have 160-211 seats, and the MC-21-200 which will have 130165 seats.
  • Deliveries are expected to start in 2018.

Read More
Saudi woos foreign firms to build 1.5 million housing units

  • Saudi Arabia will offer foreign and local property developers partnership deals in a vast housing construction program that aims to build 1.5 million homes over the next seven or eight years.
  • A shortage of affordable housing for a young and growing population of about 21 million citizens is one of Saudi Arabia’s biggest social and economic problems.

Read More
Brexit Vote Looms Large for U.K.’s Car Industry

  • About 7,000 people work at Nissan’s Sunderland factory, the U.K.’s largest auto plant producing some 500,000 cars a year.
  • Nissan executives, like those at other auto manufacturers that build cars in the U.K., have opposed the U.K.’s exit.

Brexit Matters to Auto

Read More


  • Author Charles Dickens died (1870)
  • China agreed to lease Hong Kong to Britain for 99 years (1898)
  • Donald Duck made his screen debut in The Wise Little Hen (1934)
  • The Republic of Iceland was established (1944)
  • Japan’s Crown Prince Naruhito married commoner Masako Owada (1993)

This information has been prepared from sources believed to be reliable, but no representation is being made as to its accuracy or completeness. The information provided should be used only as general information and is not intended to provide specific advice or recommendations for any individual. The economic forecasts set forth in the material may not develop as predicted. All indices, such as the S & P 500, are unmanaged and may not be invested into directly. Sources: Reuters, Bloomberg, Wall Street Journal.

Content posted by third parties on this site is screened in order to protect clients’ privacy and comply with regulatory requirements. Content containing sensitive personal information, inappropriate language, information about specific investments, misleading information, information about other companies or websites, or information related to litigation will be removed. Content posted by third parties on this site remains the responsibility of the party posting the content and is not adopted or endorsed by Pence Wealth Management or LPL Financial. Any opinions or statements posted by third parties are their own and may not be representative of the experience of others and are not indicative of future performance or success. Third party content on this site does not reflect the views of LPL Financial and have not been reviewed by LPL Financial as to accuracy or completeness.

, , ,

Comments are closed.

All Financial Consultants at Pence Wealth Management are Registered Representatives with, and securities and Advisory services offered through LPL Financial, a Registered Investment Advisor, Member FINRA & SIPC. Financial Planning offered through Pence Wealth Management, a Registered Investment Advisor and separate entity from LPL Financial. The LPL Financial representative associated with this website may only discuss and/or transact securities business with residents of the following states: Alaska (AK), Alabama (AL), Arkansas (AR), Arizona (AZ), California (CA), Colorado (CO), Connecticut (CT), Delaware (DE), Florida (FL), Georgia (GA), Hawaii (HI), Idaho (ID), Illinois (IL), Kansas (KS), Kentucky (KY), Louisiana (LA), Massachusetts (MA), Michigan (MI), Minnesota (MN), Mississippi (MS), Missouri (MO), Montana (MT), Nebraska (NE), Nevada (NV),

New Hampshire (NH), New Jersey (NJ), New Mexico (NM), New York (NY), North Carolina (NC), North Dakota (ND), Ohio (OH), Oklahoma (OK), Oregon (OR), Pennsylvania (PA), Rhode Island (RI), South Carolina (SC), South Dakota (SD), Texas (TX), Utah (UT), Virginia (VA), Washington (WA), Wyoming (WY), Washington (DC)

Laila Marshall-Pence CA Insurance Lic# 0545421