1. Econ Advisory
March 21, 2017

2. Portfolio Performance

3. Portfolio Highlights
Alphabet (GOOG) criticized for showing ads alongside offensive content (-2.1%) today
3M (MMM) buys Scott Safety from Johnson and Johnson for $2 billion (0.8%) on Friday
Chevron (CVX) unable to sell Chinese oilfields for asking price of $1 billion (0.35%) today

4. Econ / Market Summary
1. Fed raises rates for the third time since 2015
Raised target rate on March 15 by 25 bps to the range
Rate rise driven by low unemployment (4.5%),
inflation approaching 2% target
2. GOP Health Care bill subject of heated debate
Healthcare sector down (-0.8%) today
Bill moves to House floor on Thursday but is not anticipated to make it to Senate
3. Tuesday, March 21 (Today) worst day for US stocks in 2017
Nasdaq (-1.8%), S&P 500 (-1.2%), Dow (-1.14%)
Decline due to uncertainty regarding timeline of proposed tax cuts, healthcare debate

5. Upcoming Events SPRING BREAK Goldman Sachs coming to campus April 5
SIC Events…
- Industry group meetings