|
|||||||||||||||||||||||||||||||
WEEKLY QUOTE
“Live
out of your imagination, not your history.”
- Stephen R. Covey
WEEKLY TIP
If
you are serious about buying a home, getting pre-approved by a lender can
give you a better chance of making a serious offer.
WEEKLY RIDDLE
I
nearly always lie on a surface, and I come in different shapes and sizes,
often with curves. You can put me anywhere you like, yet there is only one proper
place for me. What am I?
Last week’s riddle:
Note this alphabetic progression: B, C, D, E, G. What letter
should then follow as the sixth letter in this successive series?
Last week’s answer:
P (the
next letter in the alphabet with the same rhyming sound).
|
July 23,
2012
NO ADVANCE IN CONSUMER PRICES
The
federal government’s Consumer Price Index was flat in June, though the core
CPI (minus food and energy prices) did rise 0.2%. Statistically, this was
exactly what economists surveyed by MarketWatch had expected. Annualized
inflation was running at 3.9% back in September; it was just 1.7% in both May
and June.1
HOUSING
INDICATORS REGISTER HIGHS & LOWS
According
to the Commerce Department, housing starts were up 6.9% for June to the
highest level since October 2008. The average interest rate on the 30-year FRM
fell to a new record low of 3.53% in Freddie Mac’s July 19 survey, as did the
average rate on the 15-year FRM (2.83%). Existing home sales, however, slipped
badly in June – the National Association of Realtors said the sales volume slowed
5.4% to a pace unseen in nine months. Sales were still 4.5% improved from a
year before.2
RETAIL SALES
SLIP 0.5% in JUNE
They
have now declined for three straight months, and a retreat of that length
hasn’t been recorded by the Commerce Department since July-December 2008. Analysts
polled by Bloomberg News had forecast an increase of at least 0.2%.3
STOCKS SLIP FRIDAY BUT GAIN FOR THE
WEEK
Spain’s
projection of recession into 2013 sent European shares down about 1% on
Friday, with yields on Spanish bonds topping 7%. The Dow fell 121 points on
the day, but on the week it rose 0.36% to close at 12,822.57 Friday. The
NASDAQ (+0.58% to 2,925.30) and S&P 500 (+0.43% to 1,362.66) also posted
five-day gains. After a 4.98% weekly gain, NYMEX crude settled Friday at
$91.44 per barrel.4,5
THIS WEEK: Earnings
season is in full swing, with McDonalds, Hasbro, Baidu, Halliburton and Texas
Instruments offering results Monday. Tuesday, Q2 results are in from Apple,
Broadcom, DuPont, UPS, Aflac and AT&T. Wednesday, the Census Bureau
publishes June new home sales data and Ford, ConocoPhillips, Symantec, PepsiCo,
Bristol-Myers, GlaxoSmithKline, Western Digital, Boeing, Caterpillar, VISA,
WholeFoods and Zynga issue earnings reports. On Thursday, new initial claims figures
are in along with the latest pending home sales report from the NAR and data
on hard goods orders in June; earnings arrive from ExxonMobil, 3M, Pulte,
Sprint, Expedia, Amazon.com, Starbucks, Amgen, Facebook, Dow Chemical,
AstraZeneca and Credit Suisse, and a Commodity Futures Trading Commission
emergency meeting will be held in response to the PFGBest scandal. Friday
brings the final University of Michigan consumer sentiment survey for July,
the second estimate of Q2 GDP and earnings from Barclays, Merck, DR Horton
and Chevron.
Sources: money.msn.com, bigcharts.com, treasury.gov, treasurydirect.gov - 7/20/124,6,7,8
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
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.marketwatch.com/story/us-consumer-prices-unchanged-in-june-2012-07-17-81035025
[7/17/12]
2 - minnesota.publicradio.org/display/web/2012/07/19/business/housing-stats/
[7/19/12]
3 - www.sfgate.com/business/bloomberg/article/Retail-Sales-Drop-Unexpectedly-on-Weak-U-S-Job-3710443.php
[7/16/12]
4 - money.msn.com/market-news/post.aspx?post=ed48f96d-7a7c-4319-8c50-47ce5224d6c8
[7/20/12]
5 - montoyaregistry.com/Financial-Market.aspx?financial-market=common-financial-mistakes-and-how-to-avoid-them&category=29
[7/20/12]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=7%2F20%2F11&x=0&y=0
[7/20/12]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=7%2F20%2F11&x=0&y=0
[7/20/12]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=7%2F20%2F11&x=0&y=0
[7/20/12]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=7%2F20%2F07&x=0&y=0
[7/20/12]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=7%2F20%2F07&x=0&y=0
[7/20/12]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=7%2F20%2F07&x=0&y=0
[7/20/12]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=7%2F19%2F02&x=0&y=0
[7/20/12]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=7%2F19%2F02&x=0&y=0
[7/20/12]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=7%2F19%2F02&x=0&y=0
[7/20/12]
7 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[7/20/12]
7 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[7/20/12]
8 - treasurydirect.gov/instit/annceresult/press/preanre/2002/ofm71002.pdf
[7/10/02]
|
Tuesday, July 24, 2012
Economic Update for the week of July 23rd, 2012
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment