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Southridge Capital Reports On The Financial And Entertainment Markets

Todays Date: September 23, 2018

Southridge Capital wrote in an earlier blog about how the US looks stable compared to some of the other regions worldwide.

The stock market saw its second week of decline, and for the most part Greece?s turmoil replaced Goldman Sachs in the news. Getting back to what we mentioned about US stability, the most recent employment numbers were released for April and we are pleased with what was reported. According to the Labor Department, employers increased hiring in April to the tune of 290,000 jobs – its biggest increase in four years and its 4th consecutive month of adding jobs.

The diversity of job creation throughout multiple industries in the US over the past month tends to lean to an even more stabilized US economy.

$140 billion bailout plan for Greece was approved on Friday and the EU stepped up to calm the global markets with their own package. We hope these plans will provide investors with a reason to look at the good news in the Unites States.

Southridge Capital looked at various forms of entertainment ? sporting industries and movies. The numbers showed some pleasing results.

In March WrestleMania, the WWE?s main yearly event was held in Glendale, Arizona. The event netted a $13.1 million profit for the organization and contributed nearly $28.8 million of revenue. This is terrific news for an economy that is struggling to pull itself out of a recession.

BoxingNews24.com reported that Floyd Mayweather Jr. vs. Shane Mosley sold about 1.2 million buys on pay-per-view, which would make this the largest fight so far this year. We are positive these numbers would increase tremendously if Floyd Mayweather Jr and Pacquiao signed a contract.

On May 7th, Iron Man 2 surpassed $50 million in ticket sales, which is the 7th largest opening day in history. Avatar has reportedly earned $747,292,481 in US sales since it was released, according to IMDB.com.

Lastly Callaway saw a worldwide increase in sales of 11% from the first quarter of last year and US sales increase of 7%.

Now we understand why the personal saving rates (a percent of disposable income) decreased. At the end of the day, all of the sporting and entertainment events prove the American consumers do not mind spending money to have fun, which will help out everyone.

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