Domestic Energy/Heath-Bio
https://www.google.com/finance?q=NYSEARCA:IEO&ei=xj3sU6CECYbPrQGu_4HwCAhttps://www.google.com/finance?q=MUTF:FRAK&ei=xj3sU6CECYbPrQGu_4HwCAhttp://news.morningstar.com/fund-category-returns/energy-limited-partnership/$FOCA$LP.aspxhttp://news.morningstar.com/fund-category-returns/equity-energy/$FOCA$EE.aspxhttp://news.morningstar.com/fund-category-returns/health/$FOCA$SH.aspxhttp://etfdb.com/index/health-care-select-sector-index/An Economist's Perspective From Mesirow Financial's Diane C Swonk
"I debate with my colleagues on economics,
politics and psychology about the nature
of the changes that we are seeing: if they
are “cyclical,” then the effects of the
changes will be short-lived, and over within
a few months or quarters; or, if they
“structural,”then the effects of what we are
seeing will take much longer to play out;
it will take years to see the full impact and
could affect the lives of our children as well
as ourselves. This report takes a closer look at some of
the structural changes that we see emerging,
and how they are likely to affect the pace
and composition of growth going forward.
Technically we have shifted from a recovery
into an expansion. Waiting for a more
pronounced recovery, however, has been a
bit like waiting for Godot. Much of that
is because of the structural shifts we are
seeing in everything from a slowdown
across emerging markets, most notably in
China, to the ongoing challenges that the
Eurozone faces, and what those shifts mean
for monetary policy."
CHICAGO, August 13, 2014 – In the August issue of Themes on the Economy®, Mesirow Financial' s Chief Economist Diane Swonk
muses on economic challenges and burdens that baby boomers are leaving for the millennial generation. "This will no doubt trigger some backlash, particularly among younger workers who will have to pay more into the system to keep the promises made, but they will not get much (if anything) in government-sponsored
retirement benefits for themselves."
And, don't look to make it up in stock market, technology or housing bubbles; the Federal Reserve is keeping a much closer eye on the banks it regulates. Chair Janet "Yellen has talked about higher capital requirements and more conservative underwriting standards as ways that the Fed could deflate emerging bubbles. She has also praised the use of regulations targeted at tempering the rise in home prices..." The Fed plans to exit its QE3 program gradually, but the "fear is that the economy is more sensitive to rate hikes now than it was in the past. If the Fed acts too aggressively, it risks leveling the whole forest."
The picture looks different in other parts of the world, too. China will still represent opportunity but competition as well, and not just on the economic front, as it increases military spending. Swonk also cautions that, "stability in the Eurozone is illusory," with "the ongoing risk of deflation" and the effects on sovereign debt.
http://www.mesirowfinancial.com/economics/swonk/themes/themes_0814.pdfEverything is Good!
Tonight's Headline
Shares, bonds rally as investors bank on ENDLESS stimulus.
Reuters By By Wayne Cole
2 hours ago
http://news.yahoo.com/asia-shares-investors-bank-more-stimulus-013020693--finance.html
