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.
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.
Most serious of the current issues looks like China's slowing industrial profits, although the media seems to be focused on the slow down in the economies of emerging countries. Stories of plumetting currencies and contagion are adding gasoline to the fire.
Meanwhile, growth in US, Europe and Japan remains decent. US earnings, despite some disappointments, look to post 7.5% growth vs. 2012 Q4. Tech and healthcare earnings are robust. Revenues are up, a good indicator of global demand for products and a good indicator of future profits.
Looks to us like a garden-variety pullback and technically driven and not something driven by a problem in fundamentals. Investors have been lulled in a false sense of security following the unstoppable bull run of 2013. Pullbacks are a healthy occurence during a bull run and normal. The fears in the emerging markets do not look to us like it will lead to widespread contagion that fueled the sell-off last week.