Weekly Market Review: December 23, 2019

first_imgComing into 2019, the S&P 500 had produced a positive return during 39 of the last 50 years, i.e., 1969-2018, equal to 78% of the time. With just six trading days remaining in 2019, the S&P 500 is up +31.1% YTD (total return), on pace to be the index’s best calendar year result since 1997. The S&P 500 has set 32 record closing highs this year (including last Friday 12/20/19) to continue yet another long-term trend – the high close for the stock index during the calendar year has occurred during the month of December in 20 of the last 35 years, i.e., 57% of the time (source: BTN Research).The decade of the 2010s, i.e., the 10-years from 1/01/10 to 12/31/19, has a week to go. Over the decade, the national debt of the United States has increased +88%, rising from $12.3 trillion (12/31/09) to $23.1 trillion (12/19/19). Washington lawmakers seemingly have given up any hope of ever eliminating our nation’s debt or even slowing down its trajectory. If/when the size of our national debt becomes headline news, it has the chance to dominate the financial press due to the domino impact it could have on many topics: rising interest rates from our nation’s creditors; an increase of our dependence on money borrowed from China; a debt load so large that it forces Uncle Sam to dedicate an ever larger amount of tax revenue to service the outstanding debt, crowding out expenditures that are directed at other vital governmental services (source: BTN Research).This publication is now on year-end holiday. The next issue will be Monday 1/06/20. Happy Hanukkah, Merry Christmas, and Happy New Year!!Notable Numbers for the Year:BACK AND FORTH – In national elections going back to 1928, the United States has elected seven Republican presidents (beginning with Hoover and ending with Trump) and seven Democratic presidents (beginning with FDR and ending with Obama) (source: BTN Research).TRADE SCHOOL, NOT COLLEGE – There are 30 million full-time jobs in the United States today (19% of all jobs nationwide) that pay at least $55,000 per year and don’t require a bachelor’s degree from college (source: Georgetown University Center on Education and Workforce).NEWBORNS – Our nation’s “general fertility rate,” defined as the number of births per 1,000 women between the ages of 15-44, was just 59.0 births in 2018, a record low for birth data that has been tracked nationally since 1909 or for the last 110 years (source: National Center for Health Statistics).WE’RE ALMOST EVEN – The USA has 121 companies in the Fortune Global 500 rankings for 2019 compared to 119 companies from China. 20 years ago (1999), the USA had 181 companies in the Fortune Global 500 rankings while China had just 5 companies. The rankings are based upon annual revenues (source: Fortune).last_img read more

Turkish Crew Taken Hostage in Pirate Attack off Nigeria

first_imgPirates have kidnapped 10 Turkish sailors after attacking the Turkish-flagged cargo ship Paksoy-1 off the Nigerian coast.The incident occurred on the evening of July 13, according to the Turkish Ministry of Foreign Affairs (MFA).The 8,900 dwt ship was boarded 230 kilometers off the town of Brass while it was en route from Douala, Cameroon, to Abidjan, Ivory Coast.The ship has been released in the meantime and is anchored at the port of Tema, Ghana. The pirates are still holding 10 of the ship’s 18 crew and the Turkish MFA said it was working with Nigerian and Ghanaian authorities to secure their release.Vessel operator Kadıoğlu Maritime said communication and navigation equipment were damaged on the ship but no injuries or loss of lives occurred, according to initial information.The pirate attack comes on the back of Nigeria’s new bill aimed at reducing widespread piracy in the region.The International Maritime Bureau’s (IMB) latest piracy report revealed that the Gulf of Guinea remained especially dangerous for merchant shipping, with 73 percent of attacks taking place off the coasts of Nigeria, Guinea, Togo, Benin and Cameroon.last_img read more

Stock watch: Ervin Philips up, O-line and run defense down

first_img Facebook Twitter Google+ Syracuse (2-3, 0-1 Atlantic Coast) dropped its second-consecutive road game over the weekend, losing to North Carolina State (4-1, 2-0), 33-25. The Orange only allowed seven points in the second half, but a late comeback push failed to overcome a first half in which it let up 26 points.Here’s a look at some of the standout performances.Stock up Ervin PhilipsSteve Ishmael’s hot start to the season brought the spotlight away from Philips in his senior year, but Philips’ 17 catches on Saturday reminded fans and opposing defenses that he’s one of the most dynamic weapons in the ACC. No Syracuse or ACC receiver had ever caught as many passes in one game.Part of Philips’ success stemmed from the fact that he was often shadowed by a linebacker instead of a nickel corner when lining up in the slot. It seemed every time SU needed a clutch catch, Philips came open in the middle, floating under a strike from quarterback Eric Dungey.With SU’s offense looking to be increasingly one-dimensional, substantial production from Philips will go a long way in the Orange’s attempt to hang with some of the country’s best offenses.AdvertisementThis is placeholder textEric DungeyFor the second-straight week, Dungey threw an interception on his first pass of the game. From there on, however, he looked like the version of himself Syracuse will count on to take the offense to the next level.The junior accumulated 385 passing yards on 30-of-47 passing attempts. More than 200 yards came in the second half during the Dungey-led 18-point comeback attempt that featured a waved off touchdown because of an illegal formation penalty. On the ground, Dungey proved to be SU’s primary goal-line option, running for two touchdowns and a two-point conversion.Dungey is still healthy. His production has been above average. If he can maintain those two realities and the team can shore up the offensive line and running game, the offense could be poised to make good on its promised impending improvements.The secondaryAny doubts about the unit without Antwan Cordy appear to be fully resolved. Cornerback Scoop Bradshaw was beaten for a score on Saturday, but, beyond that, the secondary kept Wolfpack quarterback Ryan Finley in check. Finley finished with just 186 yards through the air.Bradshaw had a tackle for loss and two passes defensed. Fellow corners Chris Frederick and Devin M. Butler added two more breakups. Safeties Evan Foster and Jordan Martin combined for 13 tackles. The group is playing well, and if they can continue to cut down on the big mistakes, they’ll shore up the problem that’s been the difference between playing well and being the standout unit on the defense.Stock DownOffensive lineSU allowed six quarterback hurries and had to basically abandon the running game altogether at N.C. State. The struggles running the ball and protecting Dungey start, and stop, with the offensive line. Granted, they were going against a Wolfpack front seven that’s far from unimpressive, but at some point, SU will need to see results. After the game, head coach Dino Babers said that shortcomings stem from youth and lack of size on the line, so don’t expect them to magically grow from week to week. Any major strides will have to come in the offseason.Dungey was fairly locked in with both Philips and Ishmael and SU’s passing attack was still effective, but not enough so to win. The line can’t have performances like it did Saturday if SU wants to hang with top-tier opponents.Cole MurphyThe senior kicker sent the opening kickoff to the corner of the field where it trickled out of bounds, resulting in an illegal procedure penalty and giving N.C. State the ball at the 35-yard line. That’s a free pass at a solid return without having to do the work for it. Kickers at the college level should boot the ball out of bounds. Murphy’s reached double digits in kickoffs sent out of bounds since the beginning of last season. He also missed a 48-yard field goal attempt.Redshirt sophomore punter Sterling Hofrichter eventually replaced Murphy. He kicked off twice and both were returned. He also nailed a 38-yard field goal, using a line-drive shot to avoid the wind that made Murphy’s attempt so tough.Lingering kicker problems are an easy way to lose a close game. Syracuse would be fortunate to resolve this issue soon.Run defenseN.C. State ran at will for most of the game, finishing with 256 yards and three touchdowns on the ground. Two running backs averaged more than six yards per carry. The most vivid images that linger after the loss are linebackers Zaire Franklin and Austin Valdez failing to tackle Wolfpack running back Jaylen Samuels on his way to the end zone.It doesn’t matter how well the secondary is playing if the defense as a whole can’t stop the run.Andy Mendes | Digital Design Editor Comments Published on October 1, 2017 at 10:02 pm Contact: [email protected] | @jtblosslast_img read more

Prepared by FFWPU Brazil This weekend on January

first_imgPrepared by FFWPU BrazilThis weekend, on January 22, 2018, Santo Amaro´s church held a 1day workshop for children aged 4 to 6, 7 to 10 and 11 to 13 years, with the motto: “My God is never wrong”. There were 54 children excited to spend the day with their brothers and sisters.Why we used this motto? In Brazil unfortunately the gender ideology movement is becoming big and big and at school the teachers are telling the children that they can be what they want, if you are a boy you can be a girl and if you are a girl you can be a boy. They are confusing the mind of the children to believe that God can fail and believe in a lie.All the lectures were focused on showing God´s ideal and what he had planned for us. We explained about how the gender ideology movement are planning to destroy a family, the family that God desired, by telling children that you weren’t born a boy or girl, you can be what you want.So, the Children learned to say no to the gender ideology movement because they are sons and daughters of God, they are precious, and they know that God is never wrong!After all lectures, it was time for games. Now the kids were ready for competition and at the end we had a winning team. To celebrate the workshop, we had cake and each kid also wrote what they did during the day.We thank all our lecturers, staffs and also the parents that believed in our team to do a good job!!! Say no to gender ideology! Our God is never wrong!last_img read more