What We Were Reading and Watching this Week
Enjoy, look forward to hearing any feedback, questions, and comments!
Economy
New Home Sales from the Census Bureau were up by more than expected in March.
The median sale price of new homes was up 6.0% from the previous month but remains more than -12% below the 2022 peak, as home builders continue to offer incentives to encourage sales.
Pending Home Sales from the National Association of Realtors was up 3.4% in March, beating forecasts.
Preliminary GDP for the first quarter of 2024 came in quite a bit lower than forecasted at 1.6%. Continued signs of a stagflationary environment, show the Fed's predicament with whether or not to ease monetary conditions moving forward.
Markets
TECHNICAL UPDATE
Stock Market
S&P 500 up 2.66% for week, closing at 5,099.96 .
Month to date, down 2.94%.
Downside Distribution vs Lack of Selling on the Upside
A key indicator used my one our outside sources of research, measures increased selling when the market in sell off mode, along with lack of selling , when the market is rising.
The distribution component on the downside is currently 0, a good measure. However, there is still selling when the market is rising.
One of 20 technical indicators used to help us determine net stock market exposure in our portfolio models.
Please schedule a call with any questions regarding our Core & Protect risk management process.
https://calendly.com/jstanton-1/stanton-group-introduction-with-john-stanton
Regenerative Agriculture
Brown's Ranch
Gabe and Shelly purchased the ranch from Shelly’s parents in 1991 and grew the operation to 5000 acres of owned and leased land.
Improving soil health is a priority and no-till farming has been practiced since 1993. A diverse cropping strategy, which includes cover and companion crops are used. The Browns have now eliminated the use of synthetic fertilizers, fungicides, and pesticides. They use minimal herbicide and are striving to eliminate it. They do not use use GMOs or glyphosate.
The second video on this link has Gabe Brown describing how he builds healthy soil, and a commercial regenerative farming operation at scale.
https://brownsranch.us/category/videos/
John is the founder of The Stanton Group WP. With more than three decades of experience in the financial services industry, and through SeaCrest Wealth Management, serves as the Registered Investment Advisor representative for clients, focusing on financial planning and the investment strategies to support their financial plan.
Based in Naperville, Illinois, John serves clients in Naperville, Plainfield, Darien, Aurora, Geneva, St Charles, and throughout the Chicagoland area.
Learn more about John’s services by visiting www.stantongwp.com
John can be reached at l 630-445-2380 or email JStanton@seacrestwm.com.
The Stanton Group WP provides investment advisory services through SeaCrest Wealth Management LLC, (the “SWM”) a registered investment advisor. SWM is a registered investment advisor (“RIA”), with the U.S. Securities and Exchange Commission located in the State of New York. SeaCrest Wealth Management, LLC can be reached at (914) 502-1900.
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