Indy Asian American Times 7 Friday, June 1, 2018

Indy Asian American Times Web Site: www.indyaat.org Email: editor@indyAAT.org China.journal.indiana@gmail.com P.O. Box 852, Carmel, IN 46082-0852

Business/Perspective 经济/论谈

Home Sales Increase As Inventory TightensIndianapolis-based F.C. Tucker Co. says central

Indiana home sales rose 4.3 percent in April, compared to the same month last year. The independently-owned real estate fi rm says listings are down more than 20 percent and April’s total inventory included 4,654 homes throughout the 15-county region.

$13M Townhome Development Debuts in Carmel

Indianapolis-based real estate developer Onyx and East has unveiled a $13 million luxury townhome development in Carmel. The Uptown at WestClay is set to hold its grand opening the fi rst weekend in June.

IU Invests in Mexico City GatewayIndiana University is opening a new

international gateway in Mexico City for prospective Latino students. The facility is located on the campus of the National Autonomous University of Mexico and will be used to draw more international students and help facilitate relationships across borders.

Rose-Hulman to Dedicate Student UnionRose-Hulman Institute of Technology will

today dedicate its newly-expanded student union. Work on the $25 million project took two years to complete with upgrades including expanded student lounge spaces and new outdoor patio and gathering spaces.

Eskenazi Opens Indianapolis FarmEskenazi Health and Indy Urban Acres are

celebrating the opening of a new farm on the northwest side of Indianapolis. The acre-and-a-half farm at Eskenazi Health Center Pecar is growing food that will be available at various food pantries in the Indianapolis area.

CAT Planning Big Lafayette InvestmentOne of Lafayette’s largest employers is

planning a big expansion at its Tippecanoe County operations. Illinois-based Caterpillar Inc. (NYSE: CAT) is seeking tax incentives on a proposed $73.6 million investment that could add 125 jobs. The heavy machinery manufacturer also says more than 1,350 employees will be retained as a result. The new jobs are expected to pay an average of around $28 per hour.

‘Supercar’ Company to Open Discovery Park Facility

England-based Keating Supercars LLC will today offi cially dedicate its carmaker space at Purdue University’s Discovery Park District in West Lafayette. The company will use the facility to produce the Viperia Berus coupe, what it calls the fastest street-legal vehicle in the United States.

Anthem Agrees to Add Palliative Care Provider

Indianapolis-based Anthem Inc. (NYSE: ANTM) has agreed to acquire Aspire Health of Tennessee. The non-hospice palliative care provider is considered the largest company of its kind in the United States. The Aspire Health footprint covers 25 states and it has contracts with more than 20 health plans.

Hogsett Hopes Amazon ‘Takes Note’ of Indy Momentum

Indianapolis Mayor Joe Hogsett says Anthem Inc.’s (NYSE: ANTM) $20 million headquarters project, along with recent signifi cant announcements from India-based Infosys (NYSE: INFY) and Genesys show the city remains a magnet for corporate headquarters. Hogsett says, even “without the 64,000-pound elephant in the room being mentioned,” he expects a decision on the Amazon HQ2 location by the end of the year.

Low-Income Senior Care Facility Moving Forward in Indy

Georgia-based developer Integral Community Development has secured $17.3 million in federal fi nancing for an assisted living facility in Indianapolis. The funding from the Department of Housing and Urban Development’s Low-Income Tax Credit program will support the 124-unit Oasis at 56th.

St. Elmo Owner Honored With National Award

Craig Huse, president and co-owner of Huse Culinary Inc., has received the International Foodservice Manufacturers Association Silver Plate Award for Independent Restaurant/Multi-Concept. Each year, IFMA honors restaurant operators with the most outstanding and innovative talents as part of the longest-running awards program in the foodservice industry – the Gold & Silver Plate Awards.

University Research Network Awarded $33M Grant

The Indiana Clinical and Translational Sciences Institute has landed a $33 million grant from the National Institutes of Health. The grant will fund work by a network of researchers from Indiana University, Purdue University and the University of Notre Dame to improve public health statewide.

Speedway Redevelopment Not an ‘Overnight Success’

The town manager of Speedway says activities related to this weekend’s 102nd running of the Indianapolis 500 will benefi t the community the whole year. Jacob Blasdel says developments that along the Main Street district -- such as the mixed-use Wilshaw housing project, a soon-to-be-built hotel, Daredevil Brewing Co.’s headquarters and The Dallara IndyCar Factory -- continue to drive additional investors to consider the area. The recent interest and growth, Blasdel says, started more than a decade ago with the launch of the Speedway Redevelopment Commission.

Fishers Details Final Nickel Plate PlansThe fi nal portion of the Nickel Plate District in

downtown Fishers will soon become a reality. The city has announced plans for the $10 million development in the district’s Municipal Drive ellipse, which it says will create “further downtown density.”

Mr. Kim is the Chief Operation Offi cer and Chief Compliance Offi cer for Kirr Marbach & Co. LLC, an investment adviser based in Columbus IN. Please visit www.kirrmar.com.

There is a “Presidential Cycle” for stocks, a pattern of performance coinciding with various years of a presidency. In particular, Year 2 of a presidency is a Mid-term Election Year (“MTEY”), with Congressional elections held in November. Historically, stock prices have been weaker in MTEYs than in Years 1, 3 or 4 of a Presidential Cycle.

We are at the halfway point of 2018, a MTEY, so it’s instructive to review past performance in similar years. While past performance is no guarantee of future results, studying historical patterns may give clues as to what to expect in the weeks and months ahead.

According to Sam Stovall, Chief Equity Strategist of CFRA, stocks are challenged during MTEYs, possibly due to the uncertainty associated with the change in the presidential party’s representation in Congress. Indeed, as shown in the table, the party controlling the White House lost an average of 22 House seats and 4 Senate seats in the 18 MTEYs since 1946. Further, for the six-months leading up to the election, the S&P 500 fell in price in 50% of all observations, declining an average of 1.1% and slipping by double-digits in fi ve of nine times.

For fi rst-term midterm elections (like 2018), the S&P 500 dropped an average of 3.0% in the same six-months and declined 60% of the time.

Stocks typically struggle during midterm election years

As shown in Stovall’s second table, the S&P 500 recorded the worst 6-month stretch of the entire 16-quarter Presidential Cycle during the second and third quarter of Year 2, with average declines of 1.9% and 0.9%, respectively. Fortunately, the two worst quarters of the Presidential Cycle were followed by the three best.

If historical patterns hold, stocks

will tread water ahead of the November 6 midterm election, but better returns should be ahead.

A report from Detroit-based LIFT says advanced manufacturing employment in Indiana reached new heights in 2018 with nearly 520,000 workers employed. The organization, which is a Manufacturing USA institute, says that marks the highest employment level since 2006. Described as a “new frontier” in advanced manufacturing, lightweighting focuses on using lightweight metal alloys to reduce weight, while maintaining or enhancing performance—typically in the

transportation industry. LIFT says Indiana, Michigan, Ohio, Kentucky and Tennessee are home to more than 50 percent of the metalworking jobs in the country. The report shows employer demand grew by nearly 15 percent between Q4 2017 and Q1 2018 with 11,562 job postings, which is up 25 percent compared to fi ve years ago.“Advanced manufacturing job demand has created an ever-growing need for talent in Indiana and across the country,” says LIFT Education and Workforce Director Emily DeRocco. “Addressing those workforce needs with advanced manufacturing education pathways will be key to our nation’s economic prosperity and national security.” The report shows the top in-demand lightweighting-related occupations in Indiana during Q1 2018 included: Laborers and Freight, Stock and Material Movers (1,394 postings), Maintenance and Repair Workers (1,076 postings), Production Workers (774 postings), First-Line Supervisors of Production and Operating Workers (545 postings) and Industrial Engineering Technicians (509 postings).

Lightweighting Employment Highest Since 2006

Anthem Inc. (NYSE: ANTM) says it will invest $20 million into converting its largest downtown Indianapolis facility -- located on the south side of the city -- into its new corporate headquarters. The city says the move will keep the state’s largest publicly-traded company in the city where it was founded nearly 75 years ago. The space will be home to more than 2,600 on-site workers and support over 2,300 additional workers throughout the state. Chief Executive Offi cer Gail Boudreaux says “our employees live and work here and we are part of the community. We appreciate the support from the City of Indianapolis and the State of Indiana as we worked through the process to fi nalize our plans. We are excited that our new headquarters will

be a state-of-the art building that refl ects our proud history and creates a dynamic work environment that will support our goal of leading our industry through continued growth, innovation, and, most importantly, providing a healthier future for all Americans.” Anthem’s headquarters is currently located on Monument Circle in the center of downtown Indianapolis. Early this year, the company said it would not renew its lease on the high-profi le site, and instead, relocate to the company’s larger downtown site. The insurer says the new space will include dedicated collaboration areas, employee lounges, an on-site fi tness facility and an on-site cafeteria.

Anthem Details Indy HQ Plans

A new chapter in Indiana air connectivity began Thursday as the state’s fi rst year-round, nonstop transatlantic air service began. The Delta Air Lines fl ight left Indianapolis International Airport Thursday evening in what Executive Director Mario Rodriguez calls a “historical moment” for the state. The fi rst Paris-to-Indy fl ight arrived Friday afternoon, carrying Governor Eric Holcomb, who has wrapped up a week-long economic development trip in Europe. Holcomb arrived carrying the green fl ag that was used to begin the 102nd running of the Indianapolis 500 Sunday. Lieutenant Governor Suzanne Crouch,

Indianapolis Mayor Joe Hogsett, Deputy Consul General of France in Chicago Frédéric Cholé and President of the French-American Chamber of Commerce in Chicago Juan-Luis Goujon took part in Thursday’s send-off ceremony. The fl ight between Indy and Paris was fi rst announced in September. The Indianapolis Airport Authority estimates the Paris fl ight could have a $50 million-per-year economic impact. Indiana government and business leaders have worked for years to secure nonstop transatlantic service. The state says more than 900 foreign-owned businesses call Indiana home, employing nearly 200,000 workers and exporting nearly $35 billion in goods throughout the world. Governor Holcomb, who calls global air service “critically important” to the Indiana economy, succeeded in pushing the General Assembly for millions in dedicated state funding for more international fl ights. Airport leaders say the fl ight will also open up new options for leisure travelers. The service offers direct connections to tourist destinations including London, Venice, Rome and Barcelona.

Lift Off! Indy-to-Paris Service Begins

Airport leaders estimate the fl ight could have a $50 million annual economic impact.

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Lightweighting focuses on using lightweight metal alloys to reduce weight, while enhancing perfor-mance--typically in the transportation industry. (photo courtesy State of Indiana)