GOOD MORNING: 03/29/19 Farm Directionанаvan Trump Report
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Tim Francisco <[email protected]> GOOD MORNING: 03/29/19 Farm Direction Van Trump Report 1 message The Van Trump Report <reply@vantrumpreportemail.com> Fri, Mar 29, 2019 at 7:14 AM ReplyTo: Jordan <replyfec01675756d0c7a314_HTML362509461000034501@vantrumpreportemail.com> To: [email protected] "Smooth seas do not make skillful sailors." African proverb FRIDAY, MARCH 29, 2019 1776, Putnam Named Printable Copy or Audio Version Commander of New York Troops On this day in 1776, Morning Summary: Stocks are slightly higher this morning but continue to consolidate General George Washington into the end of the first quarter, where it will post its best start to a new year since appoints Major General Israel 1998. It seems like the bulls are still trying to catch their breath after posting the Putnam commander of the troops in New massive rebound from December. The S&P 500 was up over +12% in the first quarter York. In his new capacity, Putnam was of 2019. We've known for sometime this would be a tough area technically. There's also expected to execute plans for the defense the psychological wave of market participants trying to get off the ride at this level, of New York City and its waterways. A having recouped most of what they lost in late2018. I mentioned many weeks ago, if veteran military man, Putnam had served we made it back to these levels it would get very interesting, as those who took the as a lieutenant in the Connecticut militia tumble would have an opportunity to get out of the market with most of their money during the French and Indian War, where back in their account. This is probably what is staling the market and adding just he survived capture by Caughanawega enough sellside pressure to balance out the trade and keep the market in limbo. I just Indians at Detroit and led regiments in worry if we stay in "limbo" for too long, other bulls will start to hesitate and perhaps the victories at Ticonderoga and Montreal. look to move money to the sideline as well. Unfortunately, that would tip the scales Connecticut elected Putnam to the back to favoring the bears and the market could correct. Anytime you stall like this, it colony’s General Assembly in 1766 in the gives the bulls a chance to stop and look around. I've learned that even the biggest wake of the Stamp Act Crisis. He was also bulls can generally find a lot of things to distract their attention and give them reason among the founders of the Sons of Liberty to bank profits! Remember, successful investing is not just a science, there's a ton of in Connecticut. At the outbreak of the art and psychology baked int to the winning recipe. As for today, traders will be Revolutionary War, Putnam received a digesting the latest data on U.S. personal spending and income, another round of New commission as a general in the Home Sales data, the Chicago PMI, Michigan sentiment, and a couple of Fed speakers. Continental Army under General George We might also hear some updated headlines from U.S. trade leaders who are in another Washington. Putnam’s leadership and round of negotiation in China. From what I understand, Chinese trade leaders will be battlefield experience served him and the coming to the U.S. next week. Perhaps the biggest economic data out next week will be Continental Army most admirably at the a wave of numbers scheduled for release out of China. If they are better than expected Battle of Bunker Hill in June 1775, where the bulls might run again as bears are forced to backpedal on less fear about a global he helped develop strategy and economic slowdown. There's also the monthly U.S. employment report scheduled for distinguished himself on the battlefield. release at the end of next week. I'm looking for the market to become more volatile Shortly after taking command of the New next week. Stay belted in... York troops in March 1776, though, Putnam’s career took a downturn. In Several Good Weekends of Sports Coming our Direction: This weekend we August 1776, British troops forced his have the Sweet16 Mens NCAA Basketball games along with a ton of great MLB retreat at the Battle of Long Island. After baseball matchups. Next weekend it's the Final Four and the following weekend retreating again from the New York begins The Masters golf tournament. Let's also not forget both the NBA and NHL battles for Fort Montgomery and Fort regular seasons are wrapping up and the playoffs are about to get underway. NHL Clinton in 1777, General Washington teams to beat are: Tampa Bay Lightning, Boston Bruins, Toronto Maple Leafs, began to doubt Putnam’s leadership. Washington Capitals, Winnipeg Jets, Nashville Predators, St. Louis Blues, Calgary Considered one of Washington’s most Flames, San Jose Sharks, and Vegas Golden Knights. NBA teams to beat are: valuable military men at the beginning of Golden State Warriors, Milwaukee Bucks, Toronto Raptors, Philadelphia 76ers, the Revolutionary War, Putnam began to Houston Rockets, Denver Nuggets, Boston Celtics and Oklahoma City Thunder. As be seen as an ineffective leader. Still, he for my March Madness bracket, my winner got knocked out, as Michigan got continued serving in the Continental Army smoked by Texas Tech last night. Hopefully I can still win some of brackets with until suffering a careerending stroke in some strong first rounds! December 1779. Israel Putnam was not the only member of his extended family to end his life in disrepute. His ancestors were among the residents of Salem Village (modernday Danvers), Massachusetts, to execute 20 of their neighbors after accusing them of witchcraft in the famous trials of 1692. 1806, Congress Authorizes Survey of Cumberland Road Congress authorizes surveying to begin for the construction of the Cumberland Road, which sped the way for thousands of Americans heading west. Four years earlier, Congress had recognized the importance of building a network of national roads to facilitate western immigration. The 1803 act that admitted Ohio into the Union included a provision setting aside money from the sale of public lands to use in “laying out, opening, and making roads.” By 1806, enough funds had accumulated to begin surveying a proposed national road from Cumberland, Maryland, through the Appalachian Mountains to Wheeling, Virginia, on the Ohio River. The task of surveying the route for the new national road went to the Army’s Corps of Engineers, setting an important precedent for the military’s involvement in building transportation routes that would be used for nonmilitary purposes. The Corps of Engineers also built the road once construction began in 1811. Progress was slow, and the Corps did not complete the 130mile road until 1818. Its value, though, became apparent well before it was completed. Stagecoaches, heavy freight wagons, and droves of stock animals soon crowded the route in numbers far surpassing those expected. The Corps even had to maintain and repair older sections of the road before the entire route was completed. The Cumberland Road proved such a success that Congress agreed to continue extending it westward. By 1850, this National Road, as it came to be called, reached all the way to Indianapolis. By Warren Buffett Says Regular Investors Should Not Buy IPOs: With Lyft's that time, midwestern excitement over muchanticipated initial public offering coming out today, I thought it was the National Road was fading in favor of a necessary to add what billionaire investor Warren Buffett recently said about fever for canal building. The Cumberland investing in hot IPOs. The main take away from the interview was regular investors National Road, however, set the shouldn't attempt to buy IPOs in a hot market. In addition, Buffett reminded precedent for further government investors that just because a strategy works for one investor doesn't make it a involvement in road building. The good idea as he said, "If they want to do mathematically unsound things and one resulting network of roads greatly person gets lucky... it's nothing to worry about. You don't want to get into a stupid facilitated American expansion into game just because it's available." Keep in mind, I was looking at some IPO western territory, and parts of the route statistics back in 2015 and it's hard to argue with Buffett's logic. According to a blazed for the Cumberland Road are still report by Renaissance Capital, out of the 170 IPOs that were priced in 2015, 57% followed to this day by interstate and finished the year below their offer price. In addition, IPOs in 2018 averaged a 2% state highways. gain. At the end of the day, Buffett believes it's hard for IPOs to return money on a consistent basis because none of them can afford to make mistakes like a company 1865, Appomattox such as Apple. I'm personally not getting into Lyft today. I feel like there could be Campaign Begins On this better buying opportunities down the road. day in 1865, the final campaign of the Civil War begins in Mortgage Rates Hit 14Month Low: Rates for home loans tumbled, as investors Virginia when Union troops snatched up safe assets in the wake of a Federal Reserve policy announcement under General Ulysses S. Grant move that took place this week. The 30year fixedrate mortgage averaged 4.06% in the against the Confederate trenches around March 28 week, mortgage guarantor Freddie Mac said Thursday.