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KINGSBARN OPENS NEW OFFICE IN DEL MAR;
APPOINTS PRESCOTT VICE PRESIDENT

Del Mar, CA (July 25, 2016)Kingsbarn Funds ("Kingsbarn") announced the hire of Steven de Barón Prescott as Vice President of Business Development. Prescott joins the Kingsbarn team experienced in broad facets of commercial real estate and financial services. Most recently, Prescott served as a financial wealth advisor for five years with Wells Fargo Advisors where he guided private wealth clients with over $100 million in assets.
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Week Ahead: U.S. Wall Street Slips from Record Levels on Weak Oil Prices
U.S. stocks slipped from their record levels on Monday as oil weighed on energy shares and as investors awaited this week's Federal Reserve monetary policy meeting. Oil prices fell to two and a half month lows amid worries that a global glut of crude and refined products would weigh on markets for some time. [O/R] The energy index .SPNY fell 1.7 percent, making it the worst performer among the 10 major S&P indexes that were trading lower. Exxon (XOM.N) and Chevron (CVX.N) fell about 1.4 percent, dragging down the S&P and the Dow. "Second-quarter earnings have come in stronger than we had expected, but for some reason the markets have chosen to obsess about oil prices today," said Kim Forrest, senior equity research analyst, Fort Pitt Capital Group in Pittsburgh. "It is almost as if the markets can hold only one thought in its head." Low expectations of rate hikes, robust economic data and higher-than-expected second-quarter earnings have fueled a record-setting rally on Wall Street in the past two weeks. Investors are now pinning their hopes on an improvement in corporate earnings to justify the market's valuation.
 
DATA DECK FOR JULY 25 - 29
Jul 26 9:00 AM Case-Shiller 20-city Index May 5.5% 5.4% 5.4%
Jul 26 10:00 AM Consumer Confidence Jul 95.8 96.0 98.0
Jul 26 10:00 AM New Home Sales Jun 555K 560K 551K
Jul 27 7:00 AM MBA Mortgage Index 07/23 NA NA -1.3%
Jul 27 8:30 AM Durable Orders Jun -1.5% -1.0% -2.2%
Jul 27 8:30 AM Durable Orders, ex-transportation Jun 0.2% 0.2% -0.3%
Jul 27 10:00 AM Pending Home Sales Jun 1.0% 1.1% -3.7%
Jul 27 10:30 AM Crude Inventories 07/23 NA NA -2.342M
Jul 27 2:00 PM FOMC Rate Decision Jul 0.375% 0.375% 0.375%
Jul 28 8:30 AM Initial Claims 07/23 258K 260K 253K
Jul 28 8:30 AM Continuing Claims 07/16 NA NA 2128K
Jul 28 8:30 AM International Trade in Goods June -$61.0B -$61.2B -$60.6B
Jul 28 10:30 AM Natural Gas Inventories 07/23 NA NA 34 bcf
Jul 29 8:30 AM GDP-Adv. Q2 2.4% 2.6% 1.1%
Jul 29 8:30 AM Chain Deflator-Adv. Q2 1.8% 1.9% 0.4%
Jul 29 8:30 AM Employment Cost Index Q2 0.6% 0.6% 0.6%
Jul 29 9:45 AM Chicago PMI Jul 54.5 54.0 56.8
Jul 29 10:00 AM Michigan Sentiment - Final Jul 91.5 90.4 93.5
   

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