Typical Pring Turner client portfolios glided smoothly and profitably through the first quarter and finished nicely higher. The typical Pring Turner client once again reached another new high benchmark in wealth (adjusting for deposits and withdrawals). Helping results, bonds were strongly positive in the quarter. Stock sectors that also boosted your portfolio to new high levels were the commodity and natural resource related areas, especially precious metals and energy. We expect these stocks will continue adding to your portfolio profits.
The battle today in the financial markets is the struggle to find the tipping point between the forces of deflation or inflation. Central bankers around the globe are making concerted efforts to lift their respective economies out of the lingering deflationary effects left behind from the financial crisis of 2008-2009. Recent leading economic data from around the world points toward a budding synchronized global expansion for the first time in six years. As we move further into 2014, global tailwinds also support the strengthening U.S. economy and tipping the balance closer to higher inflation. Click Here to Continue Reading Our April 2014 Newsletter