NEWBURY CAPITAL MANAGEMENT, LLC

Latest Outlook & Market Commentary   
April 2014

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Who is Newbury?

Newbury Capital Management is a privately held investment advisory and wealth management firm created to service the needs of high net worth individuals/families and institutional investors.  Through an unwavering focus on risk management, unbiased portfolio construction, and intelligent planning, Newbury helps investors plot a roadmap to financial success – both today and for the future.
 

Our Commitment
At Newbury Capital Management, we treat our clients with courtesy and integrity. We provide honest financial advice backed by our years of experience and proven track record.  We strive to earn our clients' trust in every aspect of the advisory relationship. We use leading technologies to ensure instant access to the financial world.  Our commitment is to provide the highest level of satisfaction in your investment advisory and wealth management experience with our firm.

Notes from the Research Desk 
June 30, 2014

Third revision to the GDP last week, and it was an ugly -2.9%. GDP for the year can still come in positive, with a rebound in the upcoming quarters expected. Blame was placed on weather and uncertainty around ACA healthcare spending, but we'll see if that's truly the case or just an excuse.

Looking ahead, the risk of a pull back has increased and profit-taking is a prudent move right now. Geopolitical risks in the Mid-East, and upcoming mid-term elections adding to the potential for downside in the equity markets.

Despite the negative macro report, companies are showing amazing resiliciency, with solid and accelerating earnings going into the second half of 2014. Maintaining price target for the S&P 500 at 1,980 by year end.

USA vs. Belgium on Tuesday in the Knockout Round. Go USA!