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WEEKLY QUOTE
“Motivation
is what gets you started. Habit is what keeps you going.”
-
Jim Rohn
WEEKLY TIP
As
the year gets underway, look at your monthly expenses. Could some of these
bills be lower? Are some of these expenses optional? Could you save money by
cutting a couple of expenses out?
WEEKLY RIDDLE
Throughout
Friday, Hanna asks her mother the same four-word question. On each occasion,
her mother gives her a different answer. What is the question?
Last week’s riddle:
It softly goes up and down the stairs in many homes and office
buildings, and yet it never moves. What could it be?
Last week’s answer:
Carpet.
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January 7,
2014
A MAJOR GAIN FOR A CONSUMER CONFIDENCE
INDEX
The Conference Board’s monthly gauge of consumer
confidence came in at 78.1 for December, beating the 76.0 median forecast
from economists polled by Bloomberg. In November, it stood at 72.0. The index
is way up from where it once was: its average reading was just 53.7 during
the 2007-09 recession.1
HOME PRICES, HOME SALES CONTRACTS
INCREASE
While existing home sales have fallen in recent months,
the National Association of Realtors offered some positive news last week -
pending home sales increased 0.2% in November, a contrast to October’s 1.2% retreat.
The October S&P/Case-Shiller Home Price Index showed a 13.6% yearly gain
in property prices measured across 20 cities, improved 0.3% from the
September edition; that is the best annual gain the Case-Shiller index has recorded
since February 2006.1,2
FACTORIES HUM IN DECEMBER
December’s manufacturing PMI from the Institute for Supply
Management offered a reading of 57.0 – down from 57.3% in November, but still
a mark of solid expansion in the factory sector. Analysts polled by
MarketWatch expected the index to decline to 56.6.2
BULLS TAKE A BREATHER AS 2014 BEGINS
Speaking
in Philadelphia Friday, Federal Reserve chairman Ben Bernanke asserted that the
economy has made “considerable progress”, and that there are “grounds for
cautious optimism abroad.” His remarks didn’t give stocks much of a lift to
end the week. From December 30-January 3, the S&P 500 lost 0.54%, the Dow
0.05% and the Nasdaq 0.59%. The closing prices Friday: Dow, 16,469.99;
Nasdaq, 4,131.91; S&P, 1,831.37.3
THIS WEEK: On Monday,
ISM’s December service sector index and the Census Bureau’s report on
December factory orders arrive, and the Senate is expected to approve Janet
Yellen’s appointment as Fed chair. Tuesday offers earnings from The Container
Store, Apollo Group and Micron. The minutes from the December 17-18 Fed
policy meeting will be released on Wednesday, along with the December ADP
job-change report and earnings from Family Dollar, Ruby Tuesday, Monsanto and
Constellation Brands. Thursday brings December’s Challenger job-cut report,
the latest round of initial jobless claims, and earnings news from Supervalu,
Alcoa, Texas Industries and PriceSmart. The Labor Department publishes its
December employment report on Friday.
Sources: CNNMoney.com, bigcharts.com, treasury.gov - 1/3/144,5,6,7,8,9
Indices are unmanaged, do not
incur fees or expenses, and cannot be invested into directly.
These returns do not include
dividends.
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«RepresentativeDisclosure»
This material was prepared by
MarketingLibrary.Net Inc., and does not necessarily represent the views of
the presenting party, nor their affiliates. Marketing Library.Net Inc. is not
affiliated with any broker or brokerage firm that may be providing this
information to you. This information should not be construed as investment,
tax or legal advice and may not be relied on for the purpose of avoiding any
Federal tax penalty. The Dow Jones Industrial Average is a price-weighted
index of 30 actively traded blue-chip stocks. The NASDAQ Composite Index is
an unmanaged, market-weighted index of all over-the-counter common stocks traded
on the National Association of Securities Dealers Automated Quotation System.
The Standard & Poor's 500 (S&P 500) is an unmanaged group of
securities considered to be representative of the stock market in general. It
is not possible to invest directly in an index. NYSE Group, Inc. (NYSE:NYX)
operates two securities exchanges: the New York Stock Exchange (the “NYSE”)
and NYSE Arca (formerly known as the Archipelago Exchange, or ArcaEx®, and
the Pacific Exchange). NYSE Group is a leading provider of securities
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home to the energy, platinum, and palladium markets, and the COMEX Division,
on which all other metals trade. Additional risks are associated with
international investing, such as currency fluctuations, political and
economic instability and differences in accounting standards. This material
represents an assessment of the market environment at a specific point in
time and is not intended to be a forecast of future events, or a guarantee of
future results. Past performance is no guarantee of future results. Investments will fluctuate and when
redeemed may be worth more or less than when originally invested. All
information is believed to be from reliable sources; however we make no
representation as to its completeness or accuracy. All economic and
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indices discussed are unmanaged. Investors cannot invest in unmanaged
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engage the services of a competent professional.
Citations.
1 - sfgate.com/business/bloomberg/article/Consumer-Confidence-Index-in-U-S-Increased-to-5111693.php
[1/3/14]
2 - marketwatch.com/economy-politics/calendars/economic [1/3/14]
3 - thestreet.com/story/12201583/1/market-hustle-stocks-rebound-ahead-of-bernanke-speech.html
[1/3/14]
4 - money.cnn.com/data/markets/dow
[1/3/14]
5 - money.cnn.com/data/markets/nasdaq/
[1/3/14]
6 - money.cnn.com/data/markets/sandp/
[1/3/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=12%2F27%2F12&x=0&y=0
[1/3/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=12%2F27%2F12&x=0&y=0
[1/3/14]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=1%2F3%2F13&x=0&y=0
[1/3/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=1%2F2%2F09&x=0&y=0
[1/3/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=1%2F2%2F09&x=0&y=0
[1/3/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=1%2F2%2F09&x=0&y=0
[1/3/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=1%2F2%2F04&x=0&y=0
[1/3/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=1%2F2%2F04&x=0&y=0
[1/3/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=1%2F2%2F04&x=0&y=0
[1/3/14]
8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[1/3/14]
9 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[1/3/14]
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Tuesday, January 7, 2014
Economic Update for the week of January 7th, 2014
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