|
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WEEKLY QUOTE
“The
path to success is to take massive, determined action.”
- Tony Robbins
WEEKLY TIP
Take
a look at your insurance policy and read the fine print about long-term or
progressive illness in case you or a loved one are one day diagnosed with Alzheimer’s
Disease, Parkinson’s Disease or other forms of neurological disease.
WEEKLY RIDDLE
They
have no bodies, but you could say they have tails and heads. What are they?
Last week’s riddle:
What is the beginning of sorrow and the end of sickness? Something
you cannot express happiness without? Something that is always in risk, but
never in danger?
Last week’s answer:
The
letter S.
|
April 23,
2012
WHAT HELD UP HOMEBUYING
LAST MONTH?
The
National Association of Realtors said existing home sales fell 2.6% for
March. A 1.3% drop in inventory for the month might have been a factor, and
mild weather in January and February may have helped homes that would have
sold in March sell earlier. Warmer January and February temperatures may have
also skewed the numbers for housing starts: the Commerce Department said they
slipped 5.8% in March. Now for some good news: building permits rose 4.5% last
month to the best pace since September 2008, and Freddie Mac had interest
rates on 30-year fixed rate home loans averaging just 3.90% last week.1,2
RETAIL SALES
UP 0.8% IN MARCH
This follows a 1.0% gain in the category in February. Did gas prices account for much of the increase? No. Minus gas and car sales, the March gain was 0.7%, and core retail sales (minus autos, gas, and home supplies) rose 0.5% last month.3
LEADING
INDICATORS BACK TO MID-2008 LEVELS
The
Conference Board’s index of leading indicators reached 95.7 in March, getting
closer to the 100 mark that would imply a healthy economy. The index rose
0.3% for the month with seven of ten indicators positive; interest rate
spreads, building permits, stock gains and credit availability were the
biggest influences.4
DOW BREAKS LOSING STREAK, GOLD PULLS
BACK
Across
April 16-20, the Dow gained 1.40% to 13,029.26 (its first weekly advance in
three weeks), the NASDAQ lost 0.36% to 3,000.45 and the S&P 500 gained
0.60% to 1,378.53. Gold futures fell $17.00 (1.02%) on the week, settling
Friday at $1,642.10; oil ended the week at $103.05 after a 0.21% gain across
five trading days.5,6,7
THIS WEEK: Monday, ConocoPhillips,
Hasbro, Xerox, DR Horton, Netflix and Texas Instruments announce Q1 results. Tuesday,
earnings from Apple, Baidu, AT&T, 3M, US Steel, Amgen and Aflac are out
plus the latest Case-Shiller home price index and data on March’s new home
sales. On Wednesday, earnings reports roll in from Sprint, Boeing, Caterpillar,
Eli Lilly, AutoNation, Delta, Credit Suisse, Motorola Solutions,
GlaxoSmithKline and Akamai, March durable goods data is out, and the Fed
makes a policy statement. Thursday, the NAR gives us its latest pending home
sales report, new initial claims figures are in, and results from Barclays,
Pulte, Amazon.com, Bristol-Myers Squibb, Chrysler, ExxonMobil, PepsiCo, Royal
Dutch Shell, Starbucks and Zynga round out the day. Friday, Chevron, Procter
&Gamble and Merck offer Q1 results, and the BEA’s first estimate of Q1
GDP appears plus the final April consumer sentiment survey out of the
University of Michigan.
Sources: online.wsj.com, bigcharts.com, treasury.gov, treasurydirect.gov - 4/20/125,8,9,10
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
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. All information
is believed to be from reliable sources; however we make no representation as
to its completeness or accuracy. 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 - www.omaha.com/article/20120419/AP/120419584 [4/19/12]
2 - www.cnbc.com/id/47072035 [4/17/12]
3 - www.businessweek.com/ap/2012-04/D9U6251O0.htm
[4/20/12]
4 - www.foxnews.com/us/2012/04/19/gauge-us-economy-rose-03-percent-in-march/
[4/19/12]
5 - blogs.wsj.com/marketbeat/2012/04/20/data-points-u-s-markets-93/
[4/20/12]
6 - montoyaregistry.com/Financial-Market.aspx?financial-market=common-financial-mistakes-and-how-to-avoid-them&category=29
[4/20/12]
7 - blogs.wsj.com/marketbeat/2012/04/20/data-points-energy-metals-555/
[4/20/12]
8 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=4%2F20%2F11&x=0&y=0
[4/20/12]
8 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=4%2F20%2F11&x=0&y=0
[4/20/12]
8 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=4%2F20%2F11&x=0&y=0
[4/20/12]
8 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=4%2F20%2F07&x=0&y=0
[4/20/12]
8 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=4%2F20%2F07&x=0&y=0
[4/20/12]
8 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=4%2F20%2F07&x=0&y=0
[4/20/12]
8 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=4%2F19%2F02&x=0&y=0
[4/20/12]
8 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=4%2F19%2F02&x=0&y=0
[4/20/12]
8 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=4%2F19%2F02&x=0&y=0
[4/20/12]
9 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[4/20/12]
9 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[4/20/12]
10 - treasurydirect.gov/instit/annceresult/press/preanre/2002/ofm10902.pdf
[1/9/02]
|
Tuesday, April 24, 2012
Economic Update for the week of April 23rd, 2012
Tuesday, April 17, 2012
Economic Update for the week of April 16th, 2012
|
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WEEKLY QUOTE
“Physical
fitness is not only one of the most important keys to a healthy body. It is
the basis of dynamic and creative intellectual activity.”
- John F. Kennedy
WEEKLY TIP
Do
you feel too financially pinched to contribute to an IRA? You could use your
tax refund for that very purpose.
WEEKLY RIDDLE
What
is the beginning of sorrow and the end of sickness? Something you cannot
express happiness without? Something that is always in risk, but never in
danger?
Last week’s riddle:
Karen is twice her brother’s age and half her father’s age. In 22
years, her brother will be half the father’s age. How old is Karen now?
Last week’s answer:
Karen
is 22 years old.
|
April 16,
2012
CONSUMER PRICES
ROSE 0.3% IN MARCH
Last
month’s gain in the federal government’s Consumer Price Index matched the
consensus forecast of economists polled by Briefing.com and followed gains of
0.4% in February and 0.2% in January. Gasoline prices were up 1.7% last
month. Core CPI rose 0.2%, so that put annualized consumer inflation at 2.7%,
less than the 2.9% recorded in February. Headline producer prices were flat
in March, while the core Producer Price Index rose 0.3% (the fifth straight
monthly rise in core PPI). Economists polled by Reuters had expected overall
PPI to rise 0.2% last month.1,2,3
CONSUMER
SENTIMENT WAVERS
April’s initial Reuters/University of Michigan consumer sentiment survey came in at 75.7, slightly below the Briefing.com consensus projection of 76.1 and down from the final March number of 76.2. Frustration over gas prices may have had an effect.2
BEIGE BOOK:
RECOVERY PROCEEDING NICELY
The Federal Reserve’s latest snapshot of a dozen U.S. economic regions reported “modest to moderate” economic growth overall, with all 12 Fed districts anecdotally noting expansion. For the record, the Fed has described the recovery using the “modest to moderate” phrase in three consecutive Beige Books.4
OIL & GAS
PRICES FALL; Gold RISES
Friday, AAA's Daily Fuel Gauge Report had regular unleaded averaging $3.90 a gallon, down $0.035 from last week. On the NYMEX, oil lost 0.46% on the week to settle at $102.83 Friday; gold settled at $1,660.20 after a 1.85% weekly gain.5
BULLS BATTLE BEARS
April
9-13 was a volatile stretch for the market. For the week, the DJIA went -1.61%
to 12,849.59, the S&P 500 -1.99% to 1,370.26 and the NASDAQ -2.25% to 3,011.33.
All S&P 500 sectors lost ground on the week as concerns about Spain’s
debt and U.S. corporate earnings affected investor outlooks.6,7
THIS WEEK: Monday, Census
Bureau data on March retail sales complements earnings from Mattel, Charles
Schwab, Gannett and Citigroup. Tuesday, reports on March housing starts and factory
output come in along with Q1 results from Yahoo!, Coca-Cola, IBM, Goldman
Sachs, Johnson & Johnson and Intel. Wednesday offers earnings from Yum
Brands, Bank of NY Mellon, eBay and Qualcomm. Thursday, Q1 results from Bank
of America, DuPont, Morgan Stanley, Travelers, Verizon, Microsoft, Capital
One and SanDisk come in plus March existing home sales data. Friday brings
earnings from General Electric and McDonalds.
Sources: cnbc.com, bigcharts.com, treasury.gov, treasurydirect.gov - 4/13/127,8,9,10
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. |
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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
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. All information
is believed to be from reliable sources; however we make no representation as
to its completeness or accuracy. 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 - www.nytimes.com/2012/04/14/business/economy/consumer-inflation-up-modestly.html
[4/13/12]
2 - briefing.com/investor/calendars/economic/2012/04/09-13
[4/13/12]
3 - www.cnbc.com/id/47027476 [4/12/12]
4 - www.marketwatch.com/story/modest-to-moderate-economic-growth-beige-book-2012-04-11-148140
[4/11/12]
5 - money.msn.com/market-news/post.aspx?post=fadc5c34-4c33-4af9-90e2-9c80bb50cbcb
[4/13/12]
6 - montoyaregistry.com/Financial-Market.aspx?financial-market=common-financial-mistakes-and-how-to-avoid-them&category=29
[4/13/12]
7 - www.cnbc.com/id/47040305
[4/13/12]
8 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=4%2F13%2F11&x=0&y=0
[4/13/12]
8 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=4%2F13%2F11&x=0&y=0
[4/13/12]
8 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=4%2F13%2F11&x=0&y=0
[4/13/12]
8 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=4%2F12%2F07&x=0&y=0
[4/13/12]
8 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=4%2F12%2F07&x=0&y=0
[4/13/12]
8 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=4%2F12%2F07&x=0&y=0
[4/13/12]
8 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=4%2F12%2F02&x=0&y=0
[4/13/12]
8 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=4%2F12%2F02&x=0&y=0
[4/13/12]
8 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=4%2F12%2F02&x=0&y=0
[4/13/12]
9 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[4/13/12]
9 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[4/13/12]
10 - treasurydirect.gov/instit/annceresult/press/preanre/2002/ofm10902.pdf
[1/9/02]
|
Tuesday, April 10, 2012
Economic Update for the week of April 9th, 2012
|
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WEEKLY QUOTE
“The
more that you find out about the world, the more opportunities there are to
laugh at it.”
- Bill Nye
WEEKLY TIP
A
Roth IRA can be used to save for your future and your children's future. The
money can help fund your retirement and it can optionally help to fund a
child’s college education.
WEEKLY RIDDLE
Karen
is twice her brother’s age and half her father’s age. In 22 years, her
brother will be half the father’s age. How old is Karen now?
Last week’s riddle:
Take one letter out of a 7-letter word and it becomes longer. What is this word?
Last week’s answer:
Lounger.
|
April 9,
2012
UNEMPLOYMENT
FALLS TO 8.2%
That
good news was tempered by some disappointments. The U.S. economy only managed
a net gain of 120,000 non-farm jobs in March; analysts were hoping for a gain
of at least 200,000. The private sector added 121,000 positions in March; ADP
had projected an increase of 209,000. However, the underemployment rate
declined again last month (to 14.5%) and the manufacturing sector grew by
37,000 jobs.1
ONE PMI TOPS
EXPECTATIONS; ANOTHER DOESN’T
The start of each month brings the latest surveys of purchasing managers from the Institute for Supply Management. ISM’s March service sector PMI came in at 56.0 and its March manufacturing PMI came in at 53.4. Economists polled by Briefing.com thought the manufacturing PMI would reach 53.0 and the service sector PMI would reach 56.7.2
A GREAT MARCH
FOR AUTOMAKERS
Warm weather fostered greater car and truck buying. The following firms reported the following monthly sales increases last week: General Motors, 12%; Chrysler Group, 34%, Toyota, 15%; Ford, 5%; Volkswagen, 35%; Nissan, 12.5%.3
OIL ADVANCES,
GOLD SLIPS
Oil prices rose 0.28% last week to settle at $103.31 a barrel on the NYMEX, while retail unleaded gas prices averaged $3.94 a gallon nationally on Friday. Gold futures fell 2.50% on the COMEX to wrap up last week at $1,630.10 an ounce.1
STOCKS RETREAT IN SHORT TRADING WEEK
Across
four market days, the Dow lost 1.15% to 13,060.14, the S&P 500 fell 0.74%
to 1,398.08 and the NASDAQ dipped 0.36% to 3,080.50. So the worst week for
stocks so far in 2012 wasn’t that bad. A contributing factor: the minutes
from the March 13 FOMC meeting signaled that the Federal Reserve might not attempt
further stimulus efforts. However, the March jobs report could help to alter the
Fed’s outlook.1
THIS WEEK: Monday
evening, Fed chairman Ben Bernanke speaks at the Atlanta Fed’s Financial
Markets Conference. Tuesday, Alcoa offers Q1 results. Wednesday, the Fed puts
out a new Beige Book and earnings arrive from Progressive. Thursday, the
March PPI is out to complement weekly initial claims numbers and earnings
from Google and Rite Aid. Friday brings the March CPI, the initial April
consumer sentiment survey from the University of Michigan, and earnings
reports from Wells Fargo and J.P. Morgan; also, Ben Bernanke speaks in New York
about the federal policy response to the Great Recession.
Sources: msn.money.com, bigcharts.com, treasury.gov, treasurydirect.gov - 4/6/121,5,6,7
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. |
|||||||||||||||||||||||||||||||
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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
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. All information
is believed to be from reliable sources; however we make no representation as
to its completeness or accuracy. 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 - money.msn.com/market-news/post.aspx?post=98ca0651-75b8-4c7e-afb9-3e390da03ecf/
[4/6/12]
2 - briefing.com/investor/calendars/economic/2012/04/02-06
[4/6/12]
3 - www.businessweek.com/ap/2012-04/D9TTICGO2.htm [4/3/12]
4 - montoyaregistry.com/Financial-Market.aspx?financial-market=common-financial-mistakes-and-how-to-avoid-them&category=29
[4/6/12]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=4%2F6%2F11&x=0&y=0
[4/6/12]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=4%2F6%2F11&x=0&y=0
[4/6/12]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=4%2F6%2F11&x=0&y=0
[4/6/12]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=4%2F5%2F07&x=0&y=0
[4/6/12]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=4%2F5%2F07&x=0&y=0
[4/6/12]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=4%2F5%2F07&x=0&y=0
[4/6/12]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=4%2F5%2F02&x=0&y=0
[4/6/12]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=4%2F5%2F02&x=0&y=0
[4/6/12]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=4%2F5%2F02&x=0&y=0
[4/6/12]
6 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[4/6/12]
6 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[4/6/12]
7 - treasurydirect.gov/instit/annceresult/press/preanre/2002/ofm10902.pdf
[1/9/02]
|
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