Wednesday March 11, 2015

// March 11th, 2015 // Daily News

Expect 5-10% market correction, expert says

The stock market could see 5-10 percent correction before it heads higher, strategist Steve Auth told CNBC on Tuesday.
That’s because the near-term news for the United States has not been great, the equities chief investment officer at Federated Investors said in an interview with “Power Lunch.”
“Oil, we think, is heading lower. We think the dollar is heading much higher against the euro. That’ll be taken as bad news. A lot of focus [is] on the Fed’s next hike, which we think will be June,” he said.
Plus, economic numbers hit a bit of a “soft patch,” he added, and earnings for the first quarter probably won’t be exciting.
Still, Auth said, the market will end the year higher, with the S&P 500 hitting 2,350.
“We think this is one of these years in the U.S. that is going to be pretty back-half loaded,” he said.
Jeff Hussey, global chief investment officer at Russell Investments, also wouldn’t be surprised by a pullback of more than 5 percent.
He said because of the strong dollar, record-high profit margins and oil prices, which he thinks will start to drag on the corporate sector, Russell Investments has been underweight U.S. equities within its global portfolio since December.
He’s emphasizing Europe.
“The sentiment there is pretty bad, the valuations are cheaper and the ECB continues to stimulate. I think you don’t want to fight the central bankers anymore,” Hussey said.

Today’s Inspiration

Childlike Faith

by Joyce Meyer – posted March 11, 2015

Whoever will humble himself therefore and become like this little child [trusting, lowly, loving, forgiving] is greatest in the kingdom of heaven.
– Matthew 18:4

A child’s faith is simple. A child doesn’t try to figure everything out and make a detailed blueprint of exactly how he will get what he needs. He simply believes because his parents said they would take care of him.

Thankfully, the same can be true for us. As believers, our joy and peace are not based in doing and achieving— trying to figure everything out and fix it ourselves. They come with believing.

Joy and peace come as a result of building our relationship with the Lord. Psalm 16:11 tells us in His presence is fullness of joy. If we have received Jesus as our Savior and Lord, He, the Prince of Peace, lives inside us (see 1 John 4:12– 15; John 14:23). We experience peace in the Lord’s presence, receiving from Him and acting in response to His direction. Joy and peace come from knowing and believing— trusting in the Lord with a simple, childlike faith.

Prayer of Thanks
I am thankful that my joy and peace are not based on my abilities. Father, it is in You that I find everything I need. Today, I come to You with a childlike faith, trusting that You will take care of any problem in my life. Thank You, Father, that You are in control of my life, and my joy and peace are found in You.

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