|
|||||||||||||||||||||||||||||||
|
WEEKLY QUOTE
“Mistakes
are part of the dues one pays for a full life.”
-
Sophia Loren
WEEKLY TIP
Sometimes
life hands you big surprises that affect your finances. On such occasions,
your long-term investment or retirement strategy may need to be reassessed.
WEEKLY RIDDLE
What
10-letter word (in English) can you type out using only the topmost row of
letters on a computer keyboard (the Q-P row)? Hint: the first two letters of
the word are next to each other in the Q-P row.
Last week’s riddle:
I have a horn and am almost as large as a car, but I will never
honk my horn or outrun a car or truck. What might I be?
Last week’s answer:
A rhinoceros.
|
April 29,
2014
CONSUMER OPTIMISM INCREASES
At a final April mark of 84.1, the University of
Michigan’s consumer sentiment index hit a 9-month high. It climbed 4.1 points
above the final March reading. The survey’s sub-index of current economic
conditions came in at a 7-year high of 98.7.1
HOME SALES TAIL OFF
While the National Association of Realtors announced only
a 0.2% retreat in existing home sales for March, the Census Bureau noted a
14.5% plunge in new home sales on the month. Shrinking inventory, rising
mortgage rates and less groundbreaking have helped cool the housing market.
Existing home sales have increased in only one month out of the last eight.2
RISING DEMAND FOR BIG-TICKET ITEMS
Hard goods orders were up 2.6% in March, the Census Bureau
announced; this was on the heels of a 2.1% rise in February. Minus
transportation orders, the gain was still 2.0%. Analysts polled by
Briefing.com had forecast merely a 2.0% improvement in the headline number.3
UKRAINE TENSIONS WEIGH ON STOCKS
Standard
& Poor’s cut Russia’s debt rating to BBB- on Friday. As investors weren’t
terribly thrilled by earnings last week to begin with, minor weekly declines came
for the Dow (0.28% to 16,361.46), Nasdaq (0.49% to 4,075.56) and S&P 500 (0.08%
to 1,863.40).4,5,6
THIS WEEK: Monday
brings earnings from Buffalo Wild Wings, HealthSouth, Denny’s and Herbalife
along with NAR’s report on March pending home sales. On Tuesday, the latest
Conference Board consumer confidence index arrives, plus the February
S&P/Case-Shiller home price index and quarterly results from eBay, Valero
Energy, MGM Resorts, Hertz, Marriott, Merck, Sprint, Twitter, U.S. Steel and Archer-Daniels-Midland
and Deutsche Bank. The Federal Reserve makes a policy statement Wednesday;
before that, Wall Street gets the March ADP employment report, the first estimate
of Q1 GDP from the BEA and earnings from Coca-Cola, First Solar,
GlaxoSmithKline, Royal Dutch Shell, Western Digital, Yelp, Zillow, Barrick
Gold, Thomson Reuters and Time Warner. Thursday, Fed chair Janet Yellen
speaks in Washington, the ISM April factory PMI and March personal spending
report appear, new initial claims numbers are out, and Clorox, Cigna, Viacom,
ConocoPhillips, Domino’s, Kraft Foods, Expedia, Exxon Mobil, Fluor, Kellogg
and LinkedIn post earnings. Friday, the April jobs report and March factory
orders report arrive from Washington and China’s official April service
sector PMI appears.
Sources: USATODAY.com, bigcharts.com, treasury.gov - 4/25/146,7,8,9
Indices are unmanaged, do not
incur fees or expenses, and cannot be invested into directly.
These returns do not include
dividends.
|
||||||||||||||||||||||||||||||
|
Please feel
free to forward this article to family, friends or colleagues.
If you would like us to add them to our distribution list, please reply with their address. We will contact them first and request their permission to add them to our list. |
|||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||
|
«RepresentativeDisclosure»
This material was prepared by
MarketingPro, Inc., and does not necessarily represent the views of the
presenting party, nor their affiliates. This information has been derived
from sources believed to be accurate. Please note - investing involves risk,
and past performance is no guarantee of future results. The publisher is not
engaged in rendering legal, accounting or other professional services. If
assistance is needed, the reader is advised to engage the services of a
competent professional. 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. This is neither a solicitation nor
recommendation to purchase or sell any investment or insurance product or
service, and should not be relied upon as such. All indices are unmanaged and
are not illustrative of any particular investment. 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 listing, trading and market data products and
services. The New York Mercantile Exchange, Inc. (NYMEX) is the world's
largest physical commodity futures exchange and the preeminent trading forum
for energy and precious metals, with trading conducted through two divisions
– the NYMEX Division, 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 economic and performance data is
historical and not indicative of future results. Market indices discussed are
unmanaged. Investors cannot invest in unmanaged indices. The publisher is not
engaged in rendering legal, accounting or other professional services. If
assistance is needed, the reader is advised to engage the services of a
competent professional.
Citations.
1 - tinyurl.com/n2hh8eh
[4/25/14]
2 - denverpost.com/realestatenews/ci_25625267/new-home-sales-fall-14-5-march
[4/24/14]
3 - briefing.com/investor/calendars/economic/2014/04/21-25
[4/25/14]
4 - bloomberg.com/news/print/2014-04-25/russia-s-rating-cut-to-bbb-by-standard-poor-s.html
[4/25/14]
5 - google.com/finance?q=INDEXDJX:.DJI&ei=KdtaU9iDEe_ZigKvpgE&client=news
[4/25/14]
6 - usatoday.com/money/markets/overview/ [4/25/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=4%2F25%2F13&x=0&y=0
[4/25/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=4%2F25%2F13&x=0&y=0
[4/25/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=4%2F25%2F13&x=0&y=0
[4/25/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=4%2F24%2F09&x=0&y=0
[4/25/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=4%2F24%2F09&x=0&y=0
[4/25/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=4%2F24%2F09&x=0&y=0
[4/25/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=4%2F26%2F04&x=0&y=0
[4/25/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=4%2F26%2F04&x=0&y=0
[4/25/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=4%2F26%2F04&x=0&y=0
[4/25/14]
8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[4/25/14]
9 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[4/25/14]
|
|||||||||||||||||||||||||||||||
Tuesday, April 29, 2014
Economic Update for the week of April 29th, 2014
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment