Role of Putin’s Russia and BRICS Summit 2019

The 11th BRICS Summit will be held in Brasília, Brazil on November 13-14, 2019. This year’s BRICS slogan is “Economic Growth for an Innovative Future”. BRICS is the acronym coined for an association of five major emerging national economies: Brazil, Russia, India, China and South Africa. This year there will be two distinct differences:

1) Hightened security measures due to the unrest in South America. During the summit, the Brazilian military will be deployed to the area.

2) The partners from other nations will not be invited. Usually, partners are invited to the summit to ink trade deals and engage in additional open dialogue.

Income and Growth Strategies That Are Working in Today’s Market

In this special review, Durig benchmarks the performance of its three unique blue chip equity portfolios, the Dogs of the Dow, Dogs of the S&P 500, and the Dividend Aristocrats, all of which are designed to capture high quality blue chip dividends of some of the most reputable companies on wall street.

With interest rates continuing to fall and attractive yields becoming increasingly difficult to find, many investors are turning away from conventional fixed income investments such as US Treasuries.

Dividend Aristocrats: Income Stability and Growth Over Time

A review and performance recap of Durig’s highly successful Dividend Aristocrats Portfolio that also compares the portfolio to another aristocratic dividend portfolio. The Dividend Aristocrats Portfolio was also designed with income stability in mind, maintaining investment focus on only higher quality blue chip companies known as “Aristocrats.”

(all performance reported net of fee, as of 10-18-19)

October Performance Highlights

  • Average Dividend Yield of 3.51%
  • Lifetime return of 9.44%
  • Excess Return of 3.27% (vs. benchmark)*
  • Alpha of 7.95 (vs. benchmark*)
  • Beta of 0.18 (vs. benchmark*)

Signed! India and Bangladesh in Memorandums on Water, Gas

On the third day of Bangladesh Prime Minister Sheikh Hasina’s visit to Delhi Sunday, Hasina inaugurated a drinking water project which will be supplied to Sabruma town in Tripura from Feni river water. However, the issues that many have been pressing in Bangladesh— such as India’s greater support for the Teesta river water sharing or Rohingya repatriation— have not seen signs of significant progress.

Developments in the Trade War – Can China Compromise?

Up to this point the Trump presidency has been marked with controversy, uncertainty, disapproval, and excitement. Of All of the president’s policies none embody these characteristics as well as his tariffing of Chinese imports, and the subsequent trade-war with China. This trade war has caused volatility in the stock market, increased costs to American manufacturers, and has threatened US imports into China. It has also has also helped to protect American industry and to give the US leverage against China to renegotiate trade agreements.

Brexit Cold Hard Facts – The Pros and Cons

Brexit is the withdrawal of the United Kingdom from the European Union, after the referendum held on 23 June 2016.  The HBO documentary Brexit depicts the behind the scenes experience of the referendum. The UK is a constitutional monarchy with a parliamentary system of governance that is based off of the Westminster system. Executive power rests in the hands of Her Majesty’s Government, the prime minister and the cabinet who are all members of the Privy Council. Legislative power is held within the bicameral parliament, the House of Commons and the House of Lords, the former being elected and the later appointed.

FedEX Accused by Chinese Law on Huawei Shipments Failure

Chinese official media announced on Friday that FedEx’s previous explanation of Huawei’s express shipments to the United States as an “operational failure” has been rejected. According to the report, FedEx was “involved in keeping more than 100 Huawei company parcels” and other illegal activity. This is leading to speculation that the US company may end up on China’s list of “unreliable entities” in the near future.

Cease Fire at the G20: Trump and Xi Declare Truce on Trade

It’s said that nothing ever really gets done at the G20, which is currently meeting in Osaka, Japan.  Nineteen member countries and the European Union agreed to a new deal to tackle climate change.  Guess who was the lone holdout.  President Trump was harshly criticized, at home and abroad, for praising Saudi Crown Prince Mohammed Bin Salman, who ordered the killing of Washington Post columnist (who had legal residency in the U.S.) Jamal Khashoggi.  There was one cautiously positive development to emerge from the summit, however.  Trump and Chinese counterpart, Xi Jinping, agreed to restart talks and temporarily de-escalate the trade war.

¡Arriba! Mexico First to Approve USMCA with the Potential of a Win for all 3 Countries

One down, two to go.  On Wednesday, the Mexican Senate passed the United States-Mexico-Canada Agreement, becoming the first nation, of three, to ratify the new trade deal.  The agreement was met with little resistance, relative speed, and enthusiastic celebration from the Mexican government upon ratification.  That was the easy part.  The USMCA still faces an uphill battle in Washington, and a race against time in Ottawa.

US and China Trade: The Stakes Are Rising

On Sunday, President Trump tweeted an escalation to his trade war with China, warning tariffs would more than double, from 10% to 25%. By Tuesday, stocks were sent tumbling, and companies scrambling. The Dow Jones Industrial Average dropped 472 points Tuesday, it’s worst day in four months. Grain futures hit their lowest mark in more than 40 years. Companies weren’t given much in the way of warning, with tariffs due to increase Friday. They’ll have to decide whether to eat the tariffs themselves or pass the costs on to consumers.

Trump’s escalation comes amid a five-month truce between the world’s two biggest economies, and as the U.S. and China appeared close to a deal. However, Administration officials say China has been backtracking from earlier commitments. In a Washington Post op-ed, former chief strategist Steve Bannon urged the president to “follow his instincts and not soften his stance against the greatest existential threat ever faced by the United States.” Trade advisor Peter Navarro, and others, see no deal as preferable to any deal, and some fear the president will cave, again.

Trump’s Harsh Economics for EU, China, Mexico, Canada, El Salvador, Guatemala and Honduras

China, US Trade and the Economic Effects

International Roundup: Bongo, Belgade, Beijing, Bolsonaro

International Roundup: China, Channel, Congo, Colombia

USA China Truce Starts With Bomb Shells

How the China Trade “Pause” Effects Stocks

“Three Amigos” Sign NAFTA Replacement; Await Ratification

  • U.S. President Donald Trump, Canadian Prime Minister Justin Trudeau, and outgoing Mexican President Enrique Peña Nieto concluded fifteen months of often contentious talks on Friday, and formally signed the US-Mexico-Canada agreement, or USMCA, which will replace NAFTA.
  • Canada remains concerned over steel and aluminum tariffs, imposed by Washington, and left unresolved in USMCA.  Prime Minister Trudeau used the signing ceremony as another opportunity to urge President Trump to drop them.
  • The agreement must now be ratified by the legislatures of each country, which is far from certain.  In both the new and old Congress, USMCA faces considerable hurdles, with everyone finding something to dislike.
  • Traditional business conservatives object to USMCA as moving North America further from free trade, and leaving the United States “with diminished trading opportunities, rather than expanded trading opportunities with Mexico and Canada.”
  • Social conservatives view sexual orientation and gender identity protections, included at Canada’s insistence, as a loss for American sovereignty.
  • The president, and his supporters, are hailing USMCA’s signing as nothing less than a win for America.

Nasdaq After 2 years of Growth Now in Correction Territory; Where Do We Go?