Word: matters
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Blemishes and all, the Stanley Cup is a beauty. What other trophy may show up at your local tavern for a shot or two? But if you happen to see the Cup this summer, please keep it clean. And do yourself a favor: no matter how psyched you are to see the trophy, keep your lips off Stanley...
...TIME: We've got a pretty good market rally; consumer confidence is up. What's not to like? Rosenberg: There's absolutely nothing wrong with consumer confidence going up, but it's really a matter of watching what consumers are doing as opposed to what they're saying. If you take a look at the retail sales data over the past couple of months, it has moved back down. It looks like consumer spending, after a bit of an increase in the first quarter - mostly just bargain-hunting in January - is also relapsing in the second quarter...
...paradigm of frugality that is widespread geographically and across income strata. It's not a cyclical theme but a secular theme. I want to be situated in areas of the market that don't have a lot of cyclicality in terms of consumer spending - or capital spending, for that matter. I favor staples stocks (food, beverage companies, etc.) over consumer discretionary stocks (retailers, travel, etc.). Also, look to the traditional areas of the market that perform well in a weak economic environment - not necessarily recessionary, but weak - such as health care or utilities. But you need to be selective...
...Cold War, despite the fact that the U.S. is still the group's No. 1 financial backer, and they concede that the OAS could vote this week to readmit Cuba without U.S. approval, though it would be rare for the organization not to forge a consensus on the matter first. (New Jersey's Cuban-American Senator Bob Menendez has threatened to cut off U.S. funding to the OAS if it lifts the suspension.) Still, "the OAS's historic journey to become a region that defines itself democratically is not something that can be lightly walked away from," says a senior...
...deal palatable to both Washington and Havana - one that would probably demand a lesser gesture of democratic commitment on Cuba's part, like the release of political prisoners. But they also suggest that the General Assembly may end up deciding to simply hold a yearlong "dialogue" on the matter, to allow the U.S. and Cuba to ease into a compromise that would be unveiled...