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WEEKLY QUOTE
“A
hunch is creativity trying to tell you something.”
- Frank Capra
WEEKLY TIP
Every
two years, you should check to see if your retirement strategy needs
adjusting in light of life events and changing goals.
WEEKLY RIDDLE
Everywhere
on earth I am found, I should not make you frown, I will always bring you
down, but I will never send you up. What am I?
Last week’s riddle:
Switch one letter each from the words “plus” and “minus” to the
other word, and you have two entirely new words. What are they?
Last week’s answer:
Plum and sinus.
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February 23,
2016
WALL STREET
HAS ITS BEST WEEK OF 2016
Across four trading days, the S&P 500 rose 2.84% and
the Dow Jones Industrial Average, 2.62%; the Nasdaq Composite beat them both
with a 3.85% gain. The Friday settlements: Dow Jones, 16,391.99; Nasdaq, 4,504.43;
S&P, 1,917.78. WTI crude settled at $29.64 on the NYMEX Friday and gold at
$1,230.80 on the COMEX.1
WHOLESALE
PRICES OUTPACE CONSUMER PRICES
Core producer prices rose o.4% in January according to the
Bureau of Labor Statistics, with the headline Producer Price Index up 0.1%.
The Consumer Price Index was flat in January, with the core index up 0.3%;
core consumer prices rose 2.2% across
the 12 months ending in January.2
BUILDERS STARTED FEWER PROJECTS LAST
MONTH
January
saw a 0.2% decline in building permits and a 3.8% dip in housing starts.
Permits are still outpacing starts, so both Commerce Department indicators
could see gains in February.3
INDUSTRIAL OUTPUT IMPROVES 0.9% IN
JANUARY
This was the largest monthly increase reported by the Federal
Reserve since November 2014, and it included a 0.5% advance for the
manufacturing sector. Prior to January, five months had passed without a gain
in industrial production.3
THIS WEEK: Wall
Street looks at earnings from Allergan, Dillard’s, Fitbit, Motorola Solutions,
and Republic Airways on Monday. January existing home sales figures, the
December Case-Shiller home price index, and the Conference Board consumer
confidence index appear Tuesday, plus earnings from Avis Budget Group, Cablevision,
Cracker Barrel, Dollar Tree, HealthSouth, Home Depot, J.M. Smucker, Macy’s,
Office Depot, Papa John’s, Popeye’s, and Toll Bros. Wednesday sees January
new home sales numbers and earnings from Chesapeake Energy, Etsy, L Brands,
La Quinta Holdings, Lowe’s, NetEase, Sunoco, Target, TJX, and Transocean. Thursday
offers reports on initial claims and January capital goods orders, plus
earnings from AMC Networks, Baidu, Best Buy, Campbell Soup, Domino’s, Gap, Health
Net, Healthways, Icahn Enterprises, iHeart Media, Ingram Micro, Intuit,
Kohl’s, Kraft Heinz, Live Nation, Monster Beverage, Pinnacle Foods, Sears
Holdings, Palo Alto Networks, and Sprouts. January personal spending figures,
the second estimate of Q4 GDP, and the University of Michigan’s final January
consumer sentiment index arrive Friday, plus earnings from Berkshire
Hathaway, Foot Locker, Hilton Worldwide Holdings, J.C. Penney, KBR, and
Sempra Energy.
Sources: wsj.com, bigcharts.com, treasury.gov - 2/19/164,5,6,7
Indices
are unmanaged, do not incur fees or expenses, and cannot be invested into directly.
These returns do not include dividends. 10-year TIPS real yield = projected
return at maturity given expected inflation.
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«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 - cnbc.com/2016/02/19/us-markets.html [2/19/16]
2 - investing.com/economic-calendar/ [2/19/16]
3 - reuters.com/article/us-usa-economy-idUSKCN0VQ1NV [2/17/16]
4 - markets.wsj.com/us [2/19/16]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=2%2F19%2F15&x=0&y=0
[2/19/16]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=2%2F19%2F15&x=0&y=0
[2/19/16]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=2%2F19%2F15&x=0&y=0
[2/19/16]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=2%2F18%2F11&x=0&y=0
[2/19/16]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=2%2F18%2F11&x=0&y=0
[2/19/16]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=2%2F18%2F11&x=0&y=0
[2/19/16]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=2%2F21%2F06&x=0&y=0
[2/19/16]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=2%2F21%2F06&x=0&y=0
[2/19/16]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=2%2F21%2F06&x=0&y=0
[2/19/16]
6 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[2/19/16]
7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[2/19/16]
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Tuesday, February 23, 2016
Economic Update for the week of February 23rd, 2016
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