WELCOME TO WILSEY ASSET MANAGEMENT
At Wilsey Asset Management, our main goal is to provide attractive returns for clients on their investments by using a common sense approach to investing. Brent Wilsey, the President of Wilsey Asset Management, has been in the investment arena for 30 years. Brent uses the old principle of buying low and selling high. This is all based on a fundamental analysis of a company’s financial statements. There is no emotion or hype in investing at Wilsey Asset Management, which is why our motto stands strong "No Emotions, Just Results". All final investment decisions are made by Brent. His money is invested the same as yours with no sales commissions; an advisory fee-only based on account value. Financial independence starts with Wilsey Asset Management.
Whatever your goals, we can help you get there
Our commitment to you; our staff consists of experienced professionals with a "hands-on" approach to financial guidance. Not only will you find our team members knowledgeable, but you will also discover that our staff truly cares about making your dreams a reality. As your Financial Professionals, we will do everything in our power to keep you focused on where you want to go, advise you on how to get there, and continually remind you of the importance of maintaining a disciplined approach to realizing your dreams.
Daily Economic Update
December 17, 2014
Once again energy takes center stage this morning with the release of the petroleum status report this morning actually reversing trend and showing a decline of just under 1 million barrels to bring the inventory level to 380 million barrels. Refiners did cut back on their capacity to 93.5% however gasoline inventories still increased 5.3 million barrels. So we should see slightly lower prices on gas at the pump within a week or so.
The consumer price index also known as the CPI came in at a -0.3% for the month of November. Year over year inflation is running at a 1.3% rate. The big reason for a drop in the CPI was Energy prices dropped 3.8% more specifically gasoline plunged 6.6% in November which is on top of October is 3% decline. Please remember these numbers because when gas prices turn around and go up in the springtime it is my assumption you will then see inflation based on a return of normal gas prices. Also declining in November was the cost of apparel, used cars and trucks, recreation, household furnishings and operations, personal care, and new vehicles.