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; only an advisory fee based on account value.
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Daily Economic Update
Thursday, July 10th
Jobless claims came in at 304,000 claims, well below the estimate of 315,000 claims and also the prior week of 315,000 claims. The Labor Department noted that next week’s report will probably be affected by the July 4 holiday and we may see a small spike in jobless claims.
Wholesale trade numbers were released this morning coming in at a positive 0.5%, the estimate was a positive 0.6% and while a 0.5% increase is positive it was below last month build of 1.0%. Lumber, metals, machinery and drugs had a large gain in inventory but there are also large gains in sales as well. Inventories for autos was also up sharply in anticipation of higher sales of autos going forward. The strong build in inventory growth will be a positive for the second quarter GDP as businesses rebuild to keep up with demand.
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.