|
|||||||||||||||||||||||||||||||
WEEKLY QUOTE
“Treasure the love you receive above all. It will survive
long after your good health has vanished.”
- Og Mandino
WEEKLY TIP
The fine print on a lease or a mortgage is always worth
reading. Ask the business owners and homeowners who have learned this from
experience.
WEEKLY RIDDLE
How many cubic yards of dirt are in a hole that is 9'
deep, 8' long and 1' wide?
Last week’s riddle:
What lives above a star but never burns, has 11
neighbors, and can replace the letters P, Q, R or S in some cases?
Last week’s answer:
The
number 7 (on most telephone keypads).
|
September 24, 2012
HOME SALES SOAR, HOUSING STARTS
INCREASE
According to the National Association of Realtors, the
volume of residential resales hit a 27-month peak in August. Sales rose 7.8% for
the month while the inventory of unsold homes decreased to 6.1 months (the smallest
estimate since January). There was also a 9.5% year-over-year gain in the
median sale price. Short sales and foreclosures represented 22% of last
month’s transactions, down from 31% in August 2011. Housing starts were up
2.3% in August, the Commerce Department noted, with groundbreaking on
single-family projects up 5.5%.1,2
SLIGHT RETREAT FOR LEADING INDICATORS
The Conference Board’s Leading Economic Index slipped 0.1%
for August in contrast to its 0.5% July increase. The LEI now stands at 95.7
(it was at 100 when created in 2004); stock prices and yield spreads have
been the big factors aiding its overall advance since February.3
OIL PLUMMETS,
GOLD & DXY BOTH ADVANCE
NYMEX crude tumbled 6.17% last week on ebbing demand,
settling Friday at $92.89 a barrel. A gallon of gas was averaging $3.83 at
the pump at the end of the week, according to AAA. COMEX gold closed at
$1,778.00 Friday after rising 0.30% in five days; the U.S. Dollar Index
achieved a weekly gain of 0.71%.4
PLACID WEEK SEES INSIGNIFICANT LOSSES
The Dow (-0.10% to 13,579.47), NASDAQ (-0.13% to 3,179.96)
and S&P 500 (-0.38% to 1,460.15) shifted out of rally mode last week, but
all three indices were having an unusually good September as of Friday’s
closing bell – DJIA, +3.73%; S&P, +3.81%; NASDAQ, +3.68%. The CBOE VIX –
the “fear index” – settled down at 13.97 Friday. The Dow went red last week
for the first time in three weeks.4,5,6
THIS WEEK: On Monday, EU leaders may announce
an economic reform program for Spain that would permit that nation to receive
a bailout; stateside, Lennar issues earnings. Tuesday, July’s Case-Shiller
Home Price Index and FHFA Housing Price Index arrive, along with the
Conference Board’s September consumer confidence poll. Wednesday, the Census
Bureau issues the August new home sales report. Thursday, reports on August durable goods orders, August pending
home sales and weekly jobless claims complement the final estimate of Q2 GDP
from the federal government and earnings from Micron, Discover, Accenture,
RiM and Nike. Friday offers September’s final University of Michigan consumer
sentiment survey, August consumer spending data and earnings from Walgreens.
Sources: cnbc.com, bigcharts.com, treasury.gov, treasurydirect.gov - 9/21/125,7,8,9
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 - blogs.barrons.com/stockstowatchtoday/2012/09/19/home-sales-data-gives-market-a-spark-builders-trim-gains/
[9/19/12]
2 - www.usatoday.com/money/business/story/2012/09/19/existing-home-sales-housing-starts-jump-in-august/57806124/1
[9/19/12]
3 - www.conference-board.org/pdf_free/press/PressPDF_4598_1348129105.pdf
[9/20/12]
4 - money.msn.com/market-news/post.aspx?post=5d36f6bd-6f3a-4dad-b5c7-db819e3b1e8d
[9/21/12]
5 - www.cnbc.com/id/49032125 [9/21/12]
6 - montoyaregistry.com/Financial-Market.aspx?financial-market=common-financial-mistakes-and-how-to-avoid-them&category=29
[9/21/12]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=9%2F21%2F11&x=0&y=0
[9/21/12]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=9%2F21%2F11&x=0&y=0
[9/21/12]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=9%2F21%2F11&x=0&y=0
[9/21/12]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=9%2F21%2F07&x=0&y=0
[9/21/12]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=9%2F21%2F07&x=0&y=0
[9/21/12]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=9%2F21%2F07&x=0&y=0
[9/21/12]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=9%2F20%2F02&x=0&y=0
[9/21/12]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=9%2F20%2F02&x=0&y=0
[9/21/12]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=9%2F20%2F02&x=0&y=0
[9/21/12]
8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[9/21/12]
8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[9/21/12]
9 - treasurydirect.gov/instit/annceresult/press/preanre/2002/ofm71002.pdf
[7/10/02]
|
Tuesday, September 25, 2012
Economic Update for the week of September 24th, 2012
Monday, September 17, 2012
Economic Update for the week of September 17th, 2012
|
|||||||||||||||||||||||||||||||
WEEKLY QUOTE
“Every exit is an entry somewhere else.”
- Tom
Stoppard
WEEKLY TIP
Think about making a household budget using an online
spreadsheet. You can easily find or create one on the Web for free; some even
have built-in calculators.
WEEKLY RIDDLE
What lives above a star but never burns, has 11 neighbors,
and can replace the letters P, Q, R or S in some cases?
Last week’s riddle:
What 9-letter word remains an English word each
time you remove a letter from it, until it becomes a 1-letter word? (Hint:
You can remove letters from any part of the word.)
Last week’s answer:
Startling
(Starting, Staring, String, Sting, Sing, Sin, In, I).
|
September 17, 2012
FEDERAL RESERVE OPTS FOR OPEN-ENDED
EASING
On September 13, America’s central bank announced its
third round of quantitative easing since 2008. QE3 has no set timeframe: the Fed
will buy $40 billion of agency mortgage-backed securities each month until it
elects to halt its effort. Pair that with the ongoing Operation Twist and the
Fed will purchase about $85 billion worth of longer-term securities monthly in
the last third of 2012. In addition, the latest FOMC policy statement
reaffirmed the pledge to keep interest rates at “exceptionally low levels”
through mid-2015. Will the Fed also decide to buy Treasuries? Will mortgage
rates drop to new all-time lows? Will this promote more spending and lending?
While the answers to these questions won’t be known for a while, the Dow went
+206.51 Thursday in the wake of the news.1,2
PPI JUMPS DRAMATICALLY; CPI ALSO RISES
The Labor Department said that its Producer Price Index climbed
1.7% in August, mostly on soaring energy costs. Wholesale prices hadn’t
advanced so much in a month since June 2009. Core PPI rose just 0.2%. August
also saw a 0.6% increase in the Consumer Price Index – the CPI’s largest
monthly rise since March. Retail gas prices represented 80% of that gain. Core
CPI rose only 0.1%, as in July.3,4
RETAIL SALES & CONSUMER SENTIMENT IMPROVE
August turned out to be the best month for retail sales since
February. Last month’s 0.9% gain complements the 0.6% advance recorded by the
federal government in July. The University of Michigan’s preliminary
September consumer sentiment survey rose to 79.2, much improved from the
final August mark of 74.3.4,5
BOND BUYING INSPIRES STOCK BUYING
The S&P 500 gained 1.94% last week to settle Friday at
1,465.77 – its best close since December 31, 2007. The lift from QE3 also
took the Dow (+2.15% to 13,593.37) and NASDAQ (+1.52% to 3,183.95) higher last
week. NYMEX crude settled at $99.00 per barrel Friday; COMEX gold ended the
week at $1,772.70 an ounce.5,6,7
THIS WEEK: No major U.S. economic
releases are slated for Monday. Tuesday, September’s NAHB housing market index
comes out plus earnings from FedEx, Cracker Barrel and Darden. Wednesday,
earnings from Bed Bath & Beyond, AutoZone, General Mills and Adobe
Systems complement reports on August existing home sales, building permits
and housing starts. The Conference Board’s August index of leading indicators
appears Thursday, plus weekly jobless claims and earnings from CarMax, Rite
Aid and Oracle. The iPhone5 ships Friday, which is also a quadruple witching
day.
Sources: cnbc.com, bigcharts.com, treasury.gov, treasurydirect.gov - 9/14/126,8,9,10
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.cnbc.com/id/49018964 [9/13/12]
2 - www.cnbc.com/id/15839285 [9/13/12]
3 - www.nasdaq.com/article/us-ppi-jumps-17-jobless-claims-up-20120913-01084
[9/14/12]
4 - www.cnbc.com/id/49032270 [9/14/12]
5 - money.msn.com/market-news/post.aspx?post=f94f59a8-0745-4ac6-b69c-ce8b66e9516f
[9/14/12]
6 - www.cnbc.com/id/49032125 [9/14/12]
7 - montoyaregistry.com/Financial-Market.aspx?financial-market=common-financial-mistakes-and-how-to-avoid-them&category=29
[9/14/12]
8 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=9%2F14%2F11&x=0&y=0
[9/14/12]
8 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=9%2F14%2F11&x=0&y=0
[9/14/12]
8 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=9%2F14%2F11&x=0&y=0
[9/14/12]
8 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=9%2F14%2F07&x=0&y=0
[9/14/12]
8 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=9%2F14%2F07&x=0&y=0
[9/14/12]
8 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=9%2F14%2F07&x=0&y=0
[9/14/12]
8 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=9%2F13%2F02&x=0&y=0
[9/14/12]
8 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=9%2F13%2F02&x=0&y=0
[9/14/12]
8 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=9%2F13%2F02&x=0&y=0
[9/14/12]
9 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[9/14/12]
9 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[9/14/12]
10 - treasurydirect.gov/instit/annceresult/press/preanre/2002/ofm71002.pdf
[7/10/02]
|
Tuesday, September 11, 2012
Economic Update for the week of Sept. 10th, 2012
|
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WEEKLY QUOTE
“I have never let my schooling interfere with my education.”
- Samuel
Clemens
WEEKLY TIP
Most homeowner insurance policies do not cover damage from
floods and earthquakes. You will need to purchase separate coverage for protection
from those calamities.
WEEKLY RIDDLE
What 9-letter word remains an English word each time you
remove a letter from it, until it becomes a 1-letter word? (Hint: You can
remove letters from any part of the word.)
Last week’s riddle:
You hold 3 U.S. coins in your hand. None of
them are dimes, pennies or quarters. They total 60¢. What 3 coins do you have
in hand?
Last week’s answer:
A
50-cent piece and 2 nickels.
|
September 10, 2012
WILL THIS JOBS REPORT PROMPT THE FED TO
ACT?
In August, employers added 96,000 jobs – far short of the
144,000 consensus estimate of economists polled by Briefing.com. About 40% of
the new hires were in four low-paying sectors (retail, leisure &
hospitality, temporary help and home health care services). The jobless rate did
fall to 8.1% last month – but that was because more Americans stopped looking
for work. So will the Fed announce a stimulus later this week, or signal that
interest rates will stay at record lows for another year or two? Some
analysts think we will see both those moves made.1,2,3
ECB ANNOUNCES THIRD ROUND OF EASING
Stocks climbed worldwide last week after European Central
Bank President Mario Draghi unveiled the Outright Monetary Transactions program.
The ECB would use the OMT to buy short-term government bonds of nations adopting
austerity cuts to try and reduce borrowing costs for these countries. The proposal
passed 22-1 in the ECB’s governing council – only Germany voted against it.
Wednesday, Germany’s high court issues an opinion about the legality of the new
EU bailout fund.4
MANUFACTURING
SLOWS, AUTO SALES UP
The Institute for Supply Management’s manufacturing sector
PMI was at 49.6 for August, down from 49.8 in July and indicating further
(slight) contraction. ISM’s service sector PMI improved to 53.7 in August
from a 52.6 July mark. Overall U.S. auto sales in August were up 20% from a
year before, with big increases for Honda (60%), Toyota (46%), Chrysler
(14%), Ford (13%) and GM (10%).2,5
BIG GAINS ON WALL STREET
Friday, the S&P 500 closed at 1,437.92 (a 4-year high),
climbing 2.23% for the week. The NASDAQ (+2.26% to 3,136.42) and Dow (+1.65%
to 13,306.64) also rose substantially. Oil futures ended the week at $96.42;
a gallon of gas averaged $3.82 Friday. Gold settled at $1,740.50 – its
highest COMEX close since February 28.3,6
THIS WEEK: On Monday, Del Monte, OSH and
Casey’s General Stores issue earnings reports. Tuesday brings earnings from
Texas Instruments. Wednesday, the German Constitutional Court rules whether
that nation can continue to legally participate in the EU’s sovereign debt
relief effort; stateside, Apple is expected to announce a new iPhone. Thursday,
the Fed will get the world’s attention with its latest policy statement, the
August PPI will be released along with weekly jobless claims figures, and
Neiman Marcus presents earnings. Friday, the August CPI arrives plus the
preliminary University of Michigan consumer sentiment survey for September
and data on August’s retail sales and industrial output.
Sources: money.msn.com, bigcharts.com, treasury.gov, treasurydirect.gov - 9/7/123,7,8,9
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 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.latimes.com/business/money/la-fi-mo-economy-jobs-20120907,0,5557953.story
[9/7/12]
2 - briefing.com/investor/calendars/economic/2012/09/03-07
[9/7/12]
3 - money.msn.com/market-news/post.aspx?post=e54a1459-89f0-4feb-8187-e80ef223ce3c
[9/7/12]
4 - www.cnbc.com/id/48936899 [9/7/12]
5 - online.wsj.com/article/SB10000872396390444301704577631160247456798.html
[9/4/12]
6 - montoyaregistry.com/Financial-Market.aspx?financial-market=common-financial-mistakes-and-how-to-avoid-them&category=29
[9/7/12]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=9%2F7%2F11&x=0&y=0
[9/7/12]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=9%2F7%2F11&x=0&y=0
[9/7/12]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=9%2F7%2F11&x=0&y=0
[9/7/12]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=9%2F7%2F07&x=0&y=0
[9/7/12]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=9%2F7%2F07&x=0&y=0
[9/7/12]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=9%2F7%2F07&x=0&y=0
[9/7/12]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=9%2F6%2F02&x=0&y=0
[9/7/12]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=9%2F6%2F02&x=0&y=0
[9/7/12]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=9%2F6%2F02&x=0&y=0
[9/7/12]
8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[9/7/12]
8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[9/7/12]
9 - treasurydirect.gov/instit/annceresult/press/preanre/2002/ofm71002.pdf
[7/10/02]
|
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