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WEEKLY QUOTE
“Friendship
is a single soul dwelling in two bodies.”
- Aristotle
WEEKLY TIP
By
maintaining an updated business projection sheet outlining expected income
and expenses, you can keep a lender posted on how your small business is
progressing.
WEEKLY RIDDLE
What has a tail and head, but no body?
Last week’s riddle:
You have 31 baseballs in a box. You have 31 kids lined up to get
them. You give each kid a baseball, but at the end, one baseball remains in
the box. How is this possible?
Last week’s answer:
As you give the last baseball away,
you give it away within the box – that is, the 31st kid to get a baseball
also gets the box.
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April 22,
2013
INFLATION DECLINES
Consumer prices retreated 0.2% in March as fuel costs
fell, a sea change from the 0.7% rise in the Consumer Price Index seen in February. (Labor Department data did show a 0.1%
rise in core CPI.) Annualized consumer inflation was at 1.5% in March, down half
a percent in a month. Year-over-year inflation hasn’t been so mild since July,
and that is reassuring news for the Federal Reserve.1
SURPRISE DIP FOR LEADING INDICATORS
After
six straight months of advances, the Conference Board’s index of leading
indicators unexpectedly retreated 0.1% for March. It had risen 0.5% across
January and February. As for anecdotal evidence of the economy’s health, the
latest Fed Beige Book noted “moderate” expansion, adding that household
spending “grew modestly” even with the payroll tax hike and higher gas
prices.2
HOUSING STARTS UP 7.0% IN MARCH
The
Commerce Department noted that they reached a 1.04 million annual rate last
month, a pace last seen in June 2008. While single-family projects dipped
4.8% in March, apartment starts jumped 31.0% to their highest level since
January 2006.1
VOLATILITY KEEPS STOCKS IN CHECK
The
CBOE VIX rose 24.13% last week, and the DJIA (-2.14% to 14,547.51), NASDAQ (-2.70%
to 3,206.06) and S&P 500 (-2.11% to 1,555.25) basically gave back the
gains realized from April 8-12. NYMEX crude lost 3.1% last week to settle
Friday at $88.01; COMEX gold fell another 7.1% last week to $1,395.60 at
Friday’s close.3,4,5
THIS WEEK: Monday
brings earnings from Netflix, Caterpillar, Halliburton, Hasbro, Zions Bancorp,
STMicro and Texas Instruments, and the NAR presents a new existing home sales
report. Tuesday, the Census Bureau provides data on March new home sales, the
latest FHFA housing index appears, and Discover Financial, Panera Bread,
Delta Airlines, United Tech, DuPont, Travelers, Amgen, Apple, AT&T,
Broadcom, Cree and Yum! Brands announce earnings. Wednesday, the Commerce
Department reports on March durable goods orders; Credit Suisse, Akamai,
GlaxoSmithKline, Barclays, Boeing, Ford, Eli Lilly, P&G, Sprint Nextel,
Qualcomm, Aflac, Cabot Oil & Gas and Zynga are out with earnings. Starbucks,
Coinstar, ExxonMobil, 3M, ConocoPhillips, Altria, AstraZeneca, Bristol-Myers,
UPS, Altera, Baidu and Expedia report quarterly results Thursday; new weekly
jobless claims figures also appear. The BEA publishes its first estimate of
Q1 GDP Friday, which is also when the final April University of Michigan
consumer sentiment survey arrives; complementing those releases, DR Horton,
Honda and Chevron announce earnings.
Sources: cnbc.com, bigcharts.com, treasury.gov - 4/19/133,6,7,8
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. 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
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.sfgate.com/business/bloomberg/article/Housing-Starts-Climb-as-U-S-Consumer-Prices-4438798.php
[4/16/13]
2 - www.futuresmag.com/2013/04/18/leading-economic-indicators-index-in-us-unexpected
[4/18/13]
3 - www.cnbc.com/id/100656119
[4/19/13]
4 -
www.foxbusiness.com/news/2013/04/19/market-snapshot-us-stocks-rise-ibm-weighs-on-dow/
[4/19/13]
5 - www.cnbc.com/id/100655012
[4/19/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=4%2F19%2F12&x=0&y=0
[4/19/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=4%2F19%2F12&x=0&y=0
[4/19/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=4%2F19%2F12&x=0&y=0
[4/19/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=4%2F18%2F08&x=0&y=0
[4/19/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=4%2F18%2F08&x=0&y=0
[4/19/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=4%2F18%2F08&x=0&y=0
[4/19/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=4%2F17%2F03&x=0&y=0
[4/19/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=4%2F17%2F03&x=0&y=0
[4/19/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=4%2F17%2F03&x=0&y=0
[4/19/13]
7 - www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[4/19/13]
8 - www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[4/19/13]
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Wednesday, April 24, 2013
Economic Update for the week of April 22nd, 2013
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