There has been a lot of noise from the economy recently.

One day, indications are bullish and the next day concerns arise. Some of this is normal in that no economy has everything going right at any given time. There are always problems, the question is, are they likely to overwhelm the good. Most of the time the answer is no, so normal is almost always a mixture of good and bad.

We all know that the energy sector has been badly hurt by the fall in oil and gas prices. This does not mean that the rest of the economy is in bad shape as well.

So as investors, we have to understand what the primary trend is and keep our eyes on that. Then we can look for opportunities in both positively trending as well as dragging sectors; it’s all a matter of price versus the longer-term opportunity. What’s bad today may be good tomorrow and vice versus.

We are finding plenty of good opportunities and are optimistic for future returns. Stay steady, my friends.

El Solo Toro