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WEEKLY QUOTE
“True silence is the
rest of the mind; it is to the spirit what sleep is to the body, nourishment and
refreshment.”
- William Penn
WEEKLY TIP
If you want to retire to
another area, think about whether it makes sense for you financially as well as
socially. Will you be able to find part-time work there, if needed? Could local
economic factors make the area less affordable for you someday?
WEEKLY RIDDLE
Double S, double P, it
has four Is and not one C. What oft-seen 11-letter word is this?
Last week’s riddle:
A bus
without passengers pulls into Tucson, where 10 passengers board it. In Las
Cruces, 5 passengers get off the bus, and twice as many passengers get on as in
Tucson. Then in El Paso, 25 passengers get off the bus. How many people are on
the bus as it leaves El Paso?
Last week’s answer:
Just one
person – the bus driver.
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January 31,
2017
HOUSEHOLD
SENTIMENT GAUGE RISES AGAIN
The University of
Michigan’s Index of Consumer Sentiment gained 0.4 points from its preliminary
reading this month to reach a final January mark of 98.5. That represents a
12-year peak for the index, which stood at 92.0 in January
2016.1,2
HOME SALES
FELL IN DECEMBER
Given costlier
mortgages, rising prices, and tight inventory, the December retreat for resales
was not surprising. The National Association of Realtors said that existing home
sales slipped by 2.8% last month. New home sales dropped 10.4%, but the Census
Bureau stated that they increased 12.2% for 2016, marking the best year for new
home buying since 2007.3
FIRST ESTIMATE
OF q4 GDP: 1.9%
If that Department of
Commerce appraisal holds, it will mean that the economy grew just 1.9% for all
of 2016, contrasting with 2.6% expansion in 2015. Hard goods orders fell 0.4% in
December, but rose 1.7% minus defense orders.2
DOW TOPS
20,000, STOCKS REGAIN MOMENTUM
Leaving some mid-January
doldrums behind, the major indices rallied nicely last week. The Dow advanced
1.34% to 20,093.78; the Nasdaq Composite, 1.90% to 5,660.78;
and the S&P 500, 1.03% to 2,294.69. The CBOE VIX “fear index” finished the
week down at 10.53.4
THIS
WEEK:
Monday offers reports on December personal spending and pending home sales. The
Conference Board’s monthly consumer confidence index and a new Case-Shiller home
price index appear Tuesday, along with earnings from Aetna, Aflac, Ally
Financial, Anadarko Petroleum, Apple, Chubb, Coach, Eli Lilly, ExxonMobil,
Harley-Davidson, MasterCard, Nucor, Pfizer, Sprint, Under Armour, UPS, U.S.
Steel, Valero Energy, and Xerox. Wednesday, the Federal Reserve wraps up a
policy meeting, ADP’s January payrolls report and ISM’s January manufacturing
PMI arrive, and Allstate, Altria, AmeriGas, Ameriprise Financial, Anthem, Avery
Dennison, Celanese, Energizer Holdings, Exelon, Facebook, Ingersoll-Rand,
MetLife, Pitney Bowes, and Symantec all announce earnings. Thursday’s earnings
parade includes results from Amazon, Amgen, Callaway Golf, Chipotle, Cigna,
ConocoPhillips, Coty, Estee Lauder, GoPro, Hanesbrands, International Paper,
Motorola Solutions, Parker, Philip Morris, Merck, Ralph Lauren, Ryder, Sirius
XM, SkyWest, Snap-On, and Visa; also, Challenger issues January job-cut data,
and new initial claims figures are released. Investors consider the January ISM
services PMI and January hiring figures Friday, plus earnings from AutoNation,
Clorox, Hershey, Phillips 66, Regis, and Weyerhaeuser.
Sources: wsj.com, bigcharts.com, treasury.gov - 1/27/174,5,6,7
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. The information herein
has been derived from sources believed to be accurate. Please note - investing
involves risk, and past performance is no guarantee of future results.
Investments will fluctuate and when redeemed may be worth more or less than when
originally invested. 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 market indices discussed are unmanaged and are not
illustrative of any particular investment. Indices do not incur management fees,
costs and expenses, and cannot be invested into directly. All economic and
performance data is historical and not indicative of future results. The Dow
Jones Industrial Average is a price-weighted index of 30 actively traded
blue-chip stocks. The NASDAQ Composite Index is a 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 a market-cap weighted index composed of the common stocks of 500 leading
companies in leading industries of the U.S. economy. 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. MarketingPro, Inc. is not affiliated with any
person or firm that may be providing this information to you. 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 -
sca.isr.umich.edu/ [1/27/17]
2 -
thestreet.com/story/13969585/1/stocks-mixed-after-u-s-gdp-shows-mediocre-end-to-2016.html
[1/27/17]
3 -
usatoday.com/story/money/2017/01/26/new-home-sales-prices-mortgage-rates/97081430/
[1/26/17]
4 -
markets.wsj.com/us [1/27/17]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=1%2F27%2F16&x=0&y=0
[1/27/17]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=1%2F27%2F16&x=0&y=0
[1/27/17]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=1%2F27%2F16&x=0&y=0
[1/27/17]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=1%2F27%2F12&x=0&y=0
[1/27/17]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=1%2F27%2F12&x=0&y=0
[1/27/17]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=1%2F27%2F12&x=0&y=0
[1/27/17]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=1%2F26%2F07&x=0&y=0
[1/27/17]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=1%2F26%2F07&x=0&y=0
[1/27/17]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=1%2F26%2F07&x=0&y=0
[1/27/17]
6 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[1/27/17]
7
-
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[1/27/17]
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Wednesday, February 1, 2017
Economic Update for the week of January 31st, 2017
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