Pence Perspective | GDP Growth
Luis Silva2020-05-27T10:46:45-07:00Pence Perspective | GDP Growth Bottom Line Up Front If there is one thing that investors dislike more than bad news, it is uncertainty. As we stated in our April newsletter, the US economy is currently in the Implementation Stage, where financial markets eagerly await Congress to enact President Trump’s policy agenda. The objective is simple: move the economy from an anemic 2% gross domestic product (GDP) growth rate to a more meaningful 3% or higher. We believe it is achievable if the government passes pro-growth fiscal policies such as tax reform and deregulation. On the bright side, [...]
EMPOWERING THE WOMEN OF EGYPT
Luis Silva2020-06-08T15:04:57-07:00EMPOWERING THE WOMEN OF EGYPT Laila Pence speaks at global conference Nationally recognized Orange County financial advisor Laila Pence was honored with an award at “Egyptian Women Can” conference on July 2-3 in Cairo, Egypt. She was one of over thirty leading immigrant Egyptian women worldwide invited to participate in the conference. The conference had 6 discussion panels on a range of issues, including good governance, health, economy, education, production, and media. Four female ministers in the Egyptian government, including Minister of Social Solidarity Ghada Waly, Minister of Investment Sahar Nasr, Minister of Immigration Nabila Makram and Minister of Planning [...]
Pence Perspective | What to Expect From Trump’s Presidency
Luis Silva2020-05-27T10:55:57-07:00Pence Perspective | What to Expect From Trump's Presidency US Election: Clinton Lost, Less Gridlock in Washington On November 9th Donald J. Trump was elected as the 45th president of the United States. He will be the first president with no government or military experience. Unofficial election results indicate that Hillary Clinton got 5 million fewer votes than Obama did eight years ago, the voter turnout in this election was lower than the previous two. This means that the new administration will need to move extra fast to make its mark if it wishes to have long term [...]
Pence Perspective | August 2016
Luis Silva2020-05-27T11:01:52-07:00Pence Perspective | August 2016 Bottom Line Up Front: In June, we suggested that the market would go down 5% before it would go up 10%. That was the case in the aftermath of Brexit. The decline was fast, violent, and short-lived. From the Brexit-low, the S&P 500 Index has rallied 9.7% and the market has reached an all-time high. The lessons of the last two years have shown us that being tactical is very important even for the long-term investors. For the past two years, we have had a 10% or more downturn between July and November. [...]
Pence Perspective | June 2016
Luis Silva2020-05-27T11:03:20-07:00Pence Perspective | June 2016 Bottom Line Up Front: Given recent market volatility and the present level of uncertainty among investors, we believe it is prudent to maintain a somewhat larger position than normal in cash or short-duration bonds. Cash continues to be attractive for three reasons. First, with yields on the usual fixed-income options near historic lows, the opportunity cost of holding cash is lower today than before the Great Recession. Second, markets are exhibiting unusual patterns of volatility driven primarily by sentiment: market moves are highly susceptible to each news headline. Given high valuations and profit [...]
