Topley’s Top Ten – May 15, 2017

Next FBI Director Pop.

He attended Merrillville High School and graduated in 1970 from the United States Air Force Academy. He played basketball for four seasons at the Academy and in his senior year was the team captain and the leading scorer.[5] He graduated with a bachelor’s degree in Soviet Studies, and he underwent Air Force intelligence gathering and processing training.[6] At one point, Popovich considered a career with the Central Intelligence Agency.[7]

Popovich served five years of required active duty in the United States Air Force, during which he toured Eastern Europe and the Soviet Union with the U.S. Armed Forces Basketball Team. In 1972, he was selected as captain of the Armed Forces Team, which won the Amateur Athletic Union (AAU) championship. This earned him an invitation to the 1972 U.S. Olympic Basketball Team trials.

1.EAFE profits remain 45% below their prior peak, notes Doug Ramsey, chief investment officer of the Leuthold Group.

 Investors poured roughly $6 billion into European equities last week

From Barrons

Industry analysts look for EAFE earnings to increase by 18% to 19% this year, compared with an estimated gain of 10% in U.S. profits. While this rise comes off a low base for overseas stocks, it’s the direction and momentum that count most for investors. “We are in a normalization period” in which EAFE earnings will catch up with the U.S., says Savita Subramanian, head of U.S. equity and quantitative strategy at Bank of America Merrill Lynch. Subramanian recommends underweighting the S&P 500 relative to other markets, and notes that positive earnings revisions have been more numerous lately in Europe and Japan than the U.S.

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