Market Snapshot: The Financial Market is Overdue for a Sell Off

By our count we have gone approximately 740+ market days without the start of a 10% correction.  You just can't keep a good market down.  Despite a correction having yet to materialize, we maintain the view that this market is getting a little long in the tooth and we are overdue for a sell off. If you keep a point of view long enough you will eventually be right...a broken clock is right twice a day. We still anticipate the first interest rate increase to come no earlier than mid 2015 off the back of the Fed competing its bond purchase program by year end.

Under the Interesting News Column: Apple announced its new iPhone, the iPhone 6.  We believe that this is a buy on rumor, sell on the news scenario and that most of the news regarding the new phone has already been priced into the stock.  

GE sold its appliances business to the Dutch firm Electrolux for $3.5 billion, a small transaction for GE nonetheless, firms are taking the increase in mergers & acquistion activity as a chance to not only buy large competitors but also shed non-core businesses.    

Caldwell Trust Company

Caldwell Trust Company is an independent trust company with offices in Venice and Sarasota, Florida. Established in 1993, the firm currently manages over $800 million in assets for clients throughout the United States. The company offers a full range of fiduciary services to individuals, including services as trustee, custodian, investment management, financial manager and personal representative. Additionally, Caldwell manages 401(k) and 403(b) qualified retirement plans for employers.