Just passing along a few random macro thoughts that might be of interest:
- Macroeconomic Advisers raised their Q4 GDP estimate to 2.6 saying : “Upward revisions to the third-quaarter data and our forecast of fourth-quarter GDP growth have put a shine on 2013; we now expect growth to come in at 2.6%! A bigger contribution from inventory building in Q4 was part of the story, robbing some growth from early next year. Nevertheless, GDP growth is expected to rise to 3.1% in 2014, one tenth of a percentage point higher than last month’s forecast.”
- Marc Faber offered some macro thoughts on 2014 saying the S&P 500 will decline from its current highs. He also cited Facebook, Tesla, Twitter, Netflix and Veeva as his favorite shorts in 2014. Last, he says to go long gold, gold shares and Vietnamese stocks.
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.