|
|||||||||||||||||||||||||||||||
WEEKLY QUOTE
“Let
him who would enjoy a good future waste none of his present.”
- Roger Babson
WEEKLY TIP
What’s
more important for a young couple: an emergency fund, or saving for a down
payment on a home? The emergency fund gets the nod if your finances allow you
to save toward only one of these two financial objectives.
WEEKLY RIDDLE
Rigid is my spine, my innards are mostly pale, yet I am
always ready to tell a tale. What am I?
Last week’s riddle:
What should the next number be in this series: 103, 107, 109,
113, 127 ...
Last week’s answer:
131, as the whole series is made up
of prime numbers.
|
May 27,
2013
APRIL DATA AFFIRMS HOUSING REBOUND
Last month brought a 2.3% gain in new home sales and an
0.6% increase in existing home sales. Distressed properties (short sales and
foreclosures) represented only 18% of residential resales in April, the
National Association of Realtors noted; compare that with 28% of sales in
April 2012. NAR also announced that the median existing home price was
$192,800 in April, 11.0% higher than a year ago. The pace of new home buying
has improved 29.0% in the past 12 months, according to the Census Bureau.1,2
FED MINUTES DISCLOSE THOUGHTS OF
TAPERING QE3
The
May 1 Federal Open Market Committee minutes were released last Wednesday,
shortly after Federal Reserve chairman Ben Bernanke mentioned the need to
sustain the central bank’s current stimulus effort in Congress. The minutes,
however, noted that “a number” of Fed officials were open to scaling down QE3
as soon as June if economic indicators sufficiently improved. Concern and
confusion about these mixed messages put more volatility into the markets and
factored into a 3-day losing streak for the S&P 500.3
DURABLE GOODS ORDERS UP 3.3% IN APRIL
This
contrasts with March’s 5.9% decrease. With transportation orders factored
out, the April increase was still 1.3%. Census Bureau reports have noted
improvements in hard goods orders in two of the past three months, even with
the sequester.4
RUSSELL 2000 REACHES A MILESTONE
While
the small-cap benchmark fell 1.20% last week, it also made history on May 20:
it attained the 1,000 level for the first time. The RUT settled Friday at
984.28. The S&P 500 (-1.07% to 1,649.61), DJIA (-0.33% to 15,303.10) and
NASDAQ (-1.14% to 3,459.14) all slipped last week.4,5,6,7
THIS WEEK: U.S.
financial markets are closed Monday in observance of Memorial Day. Tuesday
sees the release of the March S&P/Case-Shiller Home Price Index, the
Conference Board’s May consumer confidence survey and earnings from Tiffany
& Co. and Wet Seal. DSW and Chico’s announce Q1 results on Wednesday. In
addition to new initial jobless claims figures, Thursday offers NAR’s report
on April pending home sales, the federal government’s second estimate of Q1
GDP, and earnings from Krispy Kreme, BigLots! and Costco. Friday, the Commerce
Department issues its report on April personal spending and the University of
Michigan’s final May consumer sentiment survey arrives.
Sources: usatoday.com, thestreet.com, bigcharts.com, treasury.gov - 5/24/134,7,8,9,10
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. |
|||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||
«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 -
csmonitor.com/Business/new-economy/2013/0523/New-home-sales-rise-but-market-still-a-long-way-from-normal
[5/23/13]
2 - realtor.org/news-releases/2013/05/april-existing-home-sales-up-but-constrained
[5/22/13]
3 - reuters.com/article/2013/05/22/markets-usa-stocks-idUSL2N0E321R20130522
[5/22/13]
4 - thestreet.com/story/11933260/1/sp-poised-for-three-day-losing-streak-amid-qe-wind-down-chatter.html
[5/24/13]
5 - marketwatch.com/story/russell-2000-index-breaks-above-1000-2013-05-20
[5/20/13]
6 - blogs.barrons.com/stockstowatchtoday/2013/05/24/dow-ekes-out-friday-gain-down-for-the-week/
[5/24/13]
7 - usatoday.idmanagedsolutions.com/stocks/overview.idms?index=SP500
[5/24/13]
8 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=5%2F24%2F12&x=0&y=0
[5/24/13]
8 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=5%2F24%2F12&x=0&y=0
[5/24/13]
8 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=5%2F24%2F12&x=0&y=0
[5/24/13]
8 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=5%2F23%2F08&x=0&y=0
[5/24/13]
8 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=5%2F23%2F08&x=0&y=0
[5/24/13]
8 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=5%2F23%2F08&x=0&y=0
[5/24/13]
8 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=5%2F23%2F03&x=0&y=0
[5/24/13]
8 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=5%2F23%2F03&x=0&y=0
[5/24/13]
8 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=5%2F23%2F03&x=0&y=0
[5/24/13]
9 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[5/24/13]
10 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[5/24/13]
|
Thursday, May 30, 2013
Economic Update for the week of May 27th, 2013
Tuesday, May 21, 2013
Economic Update for the week of May 20th, 2013
|
|||||||||||||||||||||||||||||||
WEEKLY QUOTE
“How
wonderful it is that nobody need wait a single moment before starting to
improve the world.”
- Anne Frank
WEEKLY TIP
Set
aside a half-hour to organize your financial documents. It makes sense for
tax season, and it makes sense all year.
WEEKLY RIDDLE
What should the next number be in this series: 103, 107, 109,
113, 127 ...
Last week’s riddle:
I can’t be captured or held, and I certainly am not seen ... yet
I can occasionally be heard, and I am often all around you. What am I?
Last week’s answer:
The wind.
|
May 20,
2013
SUBDUED INFLATION IN APRIL
Consumer and producer prices retreated last month. The federal
government’s Consumer Price Index fell 0.4%, a monthly descent unseen since
December 2008;
the Producer Price Index declined 0.7%, its biggest monthly drop in three
years. Consumer prices also fell for a second straight month; the last time
that happened was in late 2008. The core CPI did rise 0.1% in April; the
yearly gain in the overall CPI was just 1.1%.1
THREE MORE POSITIVE SIGNS FOR THE
ECONOMY
The
University of Michigan’s initial May consumer sentiment survey came in at
83.7 – its highest level since July 2007, 7.3 points above the final April
mark. After falling 0.2% for March, the Conference Board’s index of U.S.
leading indicators rose 0.6% for April. Census Bureau data showed retail sales
ticking up 0.1% in April and 3.7% in the past year.2,3
HOUSING STARTS PLUNGE, BUILDING PERMITS
SOAR
While
the year-over-year increase was 13.1%, housing starts plummeted 16.5% in
April, largely due to a 37.8% drop in apartment starts. On the other
hand, last month brought a 14.3% rise
in building permits ... marked by a 40.6% jump in permits for apartment
construction.4
BULLS KEEP RUNNING
The
S&P 500 is now on a 4-week winning streak. It rose another 1.98% last
week to settle at 1,666.12 Friday. Complementing that 5-day gain, the NASDAQ
went +1.82% last week while the DJIA went +1.56%; at Friday’s closing bell,
the NASDAQ settled at 3,498.97 and the Dow at 15,354.40. A truly impressive
factoid: the NASDAQ and S&P have gained 1% or more in each of the past
four weeks.5
THIS WEEK: Monday
brings earnings from Campbell Soup, TiVo and Urban Outfitters. On Tuesday,
Best Buy, Home Depot, Medtronic, Vodafone, Saks, TJX and NetApp announce
quarterly results. Wednesday, NAR releases its report on April existing home
sales, the Federal Reserve releases the May 1 FOMC minutes, and Fed chairman
Ben Bernanke testifies before Congress; Staples, L Brands, PetSmart, Toll
Brothers, Target, Lowe’s and Hewlett-Packard post earnings. The Census Bureau
report on April new home sales appears Thursday, along with the March FHFA
housing price index and earnings from Dollar Tree, Gamestop, Ralph Lauren,
Sears Holdings, Gap, Ross Stores, Aeropostale and Pandora. Friday offers the
April durable goods orders report and Q1 results from Abercrombie & Fitch.
Sources: cnbc.com, bigcharts.com, treasury.gov - 5/17/135,6,7,8
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. 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 - businessweek.com/news/2013-05-16/consumer-prices-in-u-dot-s-dot-dropped-more-than-forecast-in-april
[5/16/13]
2 - bloomberg.com/news/2013-05-17/u-s-stock-futures-rise-before-leading-indicators-data.html
[5/17/13]
3 - census.gov/retail/marts/www/marts_current.pdf
[5/13/13]
4 - latimes.com/business/money/la-fi-mo-housing-starts-construction-building-permits-economy-20130516,0,7678305.story
[5/16/13]
5 - cnbc.com/id/100746158
[5/17/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=5%2F17%2F12&x=0&y=0
[5/17/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=5%2F17%2F12&x=0&y=0
[5/17/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=5%2F17%2F12&x=0&y=0
[5/17/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=5%2F16%2F08&x=0&y=0
[5/17/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=5%2F16%2F08&x=0&y=0
[5/17/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=5%2F16%2F08&x=0&y=0
[5/17/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=5%2F16%2F03&x=0&y=0
[5/17/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=5%2F16%2F03&x=0&y=0
[5/17/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=5%2F16%2F03&x=0&y=0
[5/17/13]
7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[5/17/13]
8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[5/17/13]
|
Tuesday, May 14, 2013
Economic Update for the week of May 13th, 2013
|
|||||||||||||||||||||||||||||||
WEEKLY QUOTE
“Always
laugh when you can. It is cheap medicine.”
- Lord Byron
WEEKLY TIP
While
no one likes to think about their funeral, preplanned or prepaid funeral
arrangements may be a financially smart move and may relieve your heirs of
some stress when the time comes.
WEEKLY RIDDLE
I can’t be captured or held, and I certainly am not seen
... yet I can occasionally be heard, and I am often all around you. What am
I?
Last week’s riddle:
I protect you. I sit on a bridge. You can see through me. People
walking by might wonder what I hide. What am I?
Last week’s answer:
A pair of sunglasses.
|
May 13,
2013
HOW IS THIS EARNINGS SEASON TURNING OUT?
At the closing bell on May 10, 90% of S&P 500 firms
had reported quarterly results. According to Reuters, 67% of them have surpassed
earnings forecasts and 24% have fallen short of projections. Should the
remaining 50 components report results matching estimates, earnings will be
up 5.3% on last year. Sales gains are another story: just 46% of companies
reporting so far have beaten their revenue forecasts.1,2
FED RAMPS UP ITS FINANCIAL SCRUTINY
Federal
Reserve chairman Ben Bernanke said Friday that the central bank was now
keeping close tabs on the “shadow banking” sector that bred the toxic assets associated
with the last credit crisis. At the Chicago Fed’s banking conference, he noted
that “careful monitoring for signs of emerging vulnerabilities” constituted
“probably our best defense against complacency during extended periods of
calm”. In widening its oversight, the Fed is also watching asset markets,
consumers and businesses for signs of systemic risk in addition to banks.3
OIL MOVES HIGHER, GOLD LOSES GROUND
COMEX
gold retreated 1.76% last week, and that was mirrored by silver’s 1.25%
weekly loss; the dollar gained 1.25% across five days. NYMEX crude rose 0.45%
for the week. At Friday’s close, oil settled at $96.04 and gold at $1,443.30.4
ANOTHER WEEK OF GAINS, MORE ALL-TIME
HIGHS
The
Dow went +0.97% last week to close at 15,118.49 Friday – a record high. The S&P
500 gained 1.19% last week to settle at another all-time peak of 1,633.70
Friday. After a 1.72% weekly gain, the NASDAQ ended Friday’s trading session
at 3,436.58.1
THIS WEEK: The
Commerce Department issues its April retail sales report Monday, and
Anglogold Ashanti and Take Two Interactive announce Q1 results. Nothing major
is scheduled for Tuesday. Wednesday, the April PPI comes out plus the May
NAHB housing index and data on April industrial output; earnings from Macy's,
Cisco and Deere & Co. also appear. Thursday, April’s CPI arrives along
with the latest initial claims figures, data on April housing starts and
building permits, and a wave of earnings mostly from major retailers (Kohl's,
Wal-Mart, Nordstrom, JCPenney, Autodesk, Marvell Tech and Applied Materials).
Friday brings the preliminary May consumer sentiment index from the
University of Michigan and the Conference Board’s April leading indicators
index.
Sources: cnbc.com, bigcharts.com, treasury.gov - 5/10/131,5,6,7
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. |
|||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||
«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 - cnbc.com/id/100727118 [5/10/13]
2 - chicagotribune.com/business/sns-rt-us-usa-earnings-trendbre9490np-20130510,0,1017540.story
[5/10/13]
3 - suntimes.com/business/20022861-420/bernanke-fed-increasing-financial-monitoring.html
[5/10/13]
4 - news.goldseek.com/GoldSeeker/1368217251.php
[5/10/13]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=5%2F10%2F12&x=0&y=0
[5/10/13]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=5%2F10%2F12&x=0&y=0
[5/10/13]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=5%2F10%2F12&x=0&y=0
[5/10/13]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=5%2F9%2F08&x=0&y=0
[5/10/13]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=5%2F9%2F08&x=0&y=0
[5/10/13]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=5%2F9%2F08&x=0&y=0
[5/10/13]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=5%2F9%2F03&x=0&y=0
[5/10/13]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=5%2F9%2F03&x=0&y=0
[5/10/13]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=5%2F9%2F03&x=0&y=0
[5/10/13]
6 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[5/10/13]
7 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[5/10/13]
|
Subscribe to:
Posts (Atom)