August 26, 2015 - A Perspective on China
This editorial appeared today in the New York Times. We think you will find it a well-researched and thoughtful assessment of China’s current situation. Unfortunately, much of the media coverage through sound bites and uninformed sources describes China’s economy and equity markets as the epicenter of a “global meltdown”. Rational thinking is always welcome in markets like this.
August 24, 2015 - Current Market Thoughts - McCullough & Associates
We wanted to share with you a few of our thoughts on the volatile market action of the last 10 days. While the selloff we have been experiencing is difficult to digest, we see it as a technical market correction versus a change in the economic fundamentals surrounding global growth.
The market is inefficient and frequently prices companies above or below their intrinsic value. We seek to profit from this inefficiency by doing our own analysis of the financial strengths, management, competitive positions, and assessments of future earnings potential of our companies. Successful investing is predicated on buying stocks at a discount to underlying value.
Our team provides our clients with the highest standard of financial and investment advice to create a roadmap for your financial portfolio based on your unique investment objectives, liquidity needs, tolerance of risk and time horizon whether you have one investment goal or an array of complex needs, we put our investment knowledge and experience to work for you.