1. Econ Advisory
April 16, 2018

2. Portfolio Performance
[Picture of portfolio overview]

3. Portfolio Highlights
Google: Shopping actions: universal shopping cart across Google platforms. Has tested with Walmart, Costco, Home Depot, Ulta Beauty
3M electric car materials boosting growth
Enbridge looking to sell $2b in Western Canadian Oil assets
NVDIA: Esports boom, new addition DGX: more AI capabilities
Veeva: cloud innovation, growing list of customers outside biomedicine (three of top 30 chemical companies, skincare companies)

4. S&P 500

5. Nasdaq

6. Econ / Market Summary
Geopolitical Concerns: Syria could escalate to a broader conflict with Russia/Iran
Trade tensions: Tariff escalation: $100B
- Risk of tariff on soybeans (benefits Brazil)
- Trump considers reentering TPP
- US does not label China a currency manipulator
Economic indicators: weaker than expected
- Lower job growth (Although February was much larger than expected)
FANG
- Down 10% since March; still outperforming the S&P for April (up 2%)
- Facebook data scandal: Could benefit. More regulation means newer companies can’t afford the same compliance
Oil Prices at 3-year high

7. Upcoming Events Q1 earnings SIC Events…
Key Bank info session (April 26)