|
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WEEKLY QUOTE
“Do
first things first and second things not at all.”
- Peter Drucker
WEEKLY TIP
The
recently divorced and those planning to divorce should review their insurance
coverage in light of changing needs.
WEEKLY RIDDLE
What has two hands but will never clap?
Last week’s riddle:
Wide as a grapefruit, deep as a cup, but even a river can't fill
it up – and you may have to use it when you cook. What is it?
Last week’s answer:
A kitchen strainer.
|
July 29,
2013
CONSUMER SENTIMENT CONTINUES TO RISE
In 12 months, the University of Michigan’s index of
consumer sentiment has gained almost 13 points. At 85.1, July’s final edition
of the index was up 1.0 points from the final June reading. Two notable
details: the percentage of respondents saying their home values had increased
hit a six-year peak, and more respondents expected their inflation-adjusted
incomes to rise in the coming year than at any time since 2007.1
TWO DIFFERENT HOME SALES STORIES
Existing
home sales declined 1.2% in June with shrinking inventory, but the median
sale price was up 13.5% from a year ago, according to the National
Association of Realtors. Even as supply fell short of demand, anticipation of
rising mortgage rates no doubt contributed to an 8.3% jump in new home buying
in June, as well as the greatest yearly improvement in new home sales since
1992 – a 38.1% annual gain.2
DURABLE GOODS ORDERS UP 4.2%
June’s
impressive overall advance didn’t tell the whole story. Minus the oft-volatile
transportation category, core hard goods orders were flat last month.3
DOW ADVANCES FOR A FIFTH STRAIGHT WEEK
While
the S&P 500 lost 0.03% across five days to settle at 1,691.65 Friday, the
DJIA (+0.10% to 15,558.83) and NASDAQ (+0.71% to 3,613.16) pulled higher. Gold
settled at $1,321.70 on the COMEX Friday, oil at $104.70 on the NYMEX.4,5
THIS WEEK: Earnings
from Express Scripts, Hertz, Hartford Financial and Herbalife arrive Monday,
and NAR reports June pending home sales.
Tuesday brings earnings from Symantec, BP, Chrysler/Fiat, Take Two
Interactive, NYSE Euronext, Pfizer, Barclays, Deutsche Bank, Merck, UBS,
Aetna, Amgen and Aflac; May’s Case-Shiller Home Price Index and the
Conference Board’s July consumer confidence poll also appear. The Federal
Reserve makes a policy announcement Wednesday; the end of the month also
brings the July ADP employment report, the federal government’s first
estimate of Q2 GDP, and earnings from MetLife, Comcast, Honda, MasterCard,
Hess, Humana, Sodastream, Allstate, CBS, Marriott, Whole Foods, Dreamworks
Animation and Yelp. ISM’s July manufacturing index comes out Thursday, plus the
July Challenger job-cut report, new initial claims figures, and earnings from
P&G, LinkedIn, Time Warner Cable, Clorox, AstraZeneca, Cigna,
ConocoPhillips, ExxonMobil, Royal Dutch Shell, Barrick Gold, AIG, Kraft Foods
and Leap Wireless. Friday sees the release of the Labor Department’s July
jobs report and the Commerce Department’s June consumer spending report, plus
quarterly results from Chevron, Toyota and Viacom.
Sources: cnbc.com, bigcharts.com, treasury.gov - 7/26/135,6,7,8
Indices are unmanaged, do not
incur fees or expenses, and cannot be invested into directly.
These returns do not include
dividends.
|
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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 - tinyurl.com/ke8ykkl [7/26/13]
2 - bloomberg.com/news/2013-07-24/new-home-sales-in-u-s-rise-more-than-forecast-to-five-year-high.html
[7/24/13]
3 -
briefing.com/investor/calendars/economic/2013/07/22-26 [7/26/13]
4 - tinyurl.com/kgkofub
[7/26/13]
5 - tinyurl.com/lpca2gz
[7/26/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=7%2F26%2F12&x=0&y=0
[7/26/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=7%2F26%2F12&x=0&y=0
[7/26/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=7%2F26%2F12&x=0&y=0
[7/26/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=7%2F25%2F08&x=0&y=0
[7/26/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=7%2F25%2F08&x=0&y=0
[7/26/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=7%2F25%2F08&x=0&y=0
[7/26/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=7%2F25%2F03&x=0&y=0
[7/26/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=7%2F25%2F03&x=0&y=0
[7/26/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=7%2F25%2F03&x=0&y=0
[7/26/13]
7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[7/26/13]
8 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[7/26/13]
|
Tuesday, July 30, 2013
Economic Update for the week of July 29th, 2013
Tuesday, July 16, 2013
Economic Update for the week of July 15th, 2013
|
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WEEKLY QUOTE
“Learn
from yesterday, live for today, hope for tomorrow.”
- Albert Einstein
WEEKLY TIP
If
you own a house and have children, you should at least have a will, and
preferably an estate plan.
WEEKLY RIDDLE
All around yet can’t be seen, has no throat but can be
heard. What is it?
Last week’s riddle:
This house attracts travelers with its brightness, yet it is
often the loneliest home on the coast. What kind of house is this?
Last week’s answer:
A lighthouse.
|
July 15,
2013
WILL THE EASING END SOONER, OR LATER?
Last Wednesday, Federal Reserve chairman Ben Bernanke
lifted stocks by noting that the U.S. economy needed “highly accommodative
monetary policy for the foreseeable future,” adding that the current 7.6%
jobless rate “overstates
the health of the labor market.” Remarks like these didn’t
exactly suggest the Fed would scale back its asset purchases soon. The June
Fed policy meeting minutes showed 11 of 12 Fed officials agreeing to sustain the
central bank’s bond-buying campaign, with “about half” of these 11 envisioning
QE3 wrapping up late this year. On Friday, Philadelphia
Fed president Charles Plosser emerged from that camp, calling for a “gradual
and predictable” end to the program before 2014.1,2,3
HOUSEHOLD SENTIMENT DECLINES A BIT
The
initial July consumer sentiment index from the University of Michigan dipped mildly
to 83.9. June’s final reading was 84.1, and economists polled by Reuters had
expected the index to rise to 85.0.4
PRODUCER PRICES LEAP 0.8%
Minus
food and energy prices, wholesale inflation wasn’t so pronounced in June. The
core PPI rose just 0.2% last month. Analysts surveyed by Briefing.com had
projected an overall PPI gain of 0.3%.4,5
WALL STREET GETS A BERNANKE BOUNCE
Dovish
comments from the Fed chairman helped the S&P 500 to a new record close
of 1,680.19 Friday. On the week, the S&P gained 2.96%. The NASDAQ rose
3.47% for the week to settle at 3,600.08 Friday. The Dow gained 2.17% last week
and closed Friday at a fresh all-time peak of 15,464.30.4
THIS WEEK: Monday offers
Q2 results from Citigroup, Census Bureau data on June retail sales and a Q2
GDP reading from China. The June CPI appears Tuesday, plus the latest NAHB
housing market index, data on June industrial output and earnings from
Goldman Sachs, Coca-Cola, Johnson & Johnson, Charles Schwab, Yahoo and
CSX. Wednesday, Ben Bernanke begins two days of testimony in the Senate, a
new Fed Beige Book arrives, and American Express, Bank of America, Bank of NY
Mellon, Novartis, Abbott Labs, Mattel, eBay, IBM, Intel and SanDisk report
earnings. Thursday offers earnings reports from Capital One, BlackRock,
Morgan Stanley, United Health, Verizon, Nokia, Google, Microsoft, AMD and
Chipotle, plus the latest initial claims figures and the Conference Board’s
index of leading indicators. Friday, a G20 summit wraps up and Schlumberger,
GE, Vodafone and Honeywell report Q2 results.
Sources: cnbc.com, bigcharts.com, treasury.gov - 7/12/134,6,7,8
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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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. 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/100877586 [7/10/13]
2 - cnbc.com/id/100757576 [7/12/13]
3 - blogs.barrons.com/incomeinvesting/2013/07/10/treasury-yields-creep-higher-amid-parsing-of-fed-minutes-bernanke-speech/
[7/10/13]
4 - cnbc.com/id/100882518
[7/12/13]
5 - briefing.com/investor/calendars/economic/2013/07/08-12
[7/12/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=7%2F12%2F12&x=0&y=0
[7/12/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=7%2F12%2F12&x=0&y=0
[7/12/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=7%2F12%2F12&x=0&y=0
[7/12/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=7%2F11%2F08&x=0&y=0
[7/12/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=7%2F11%2F08&x=0&y=0
[7/12/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=7%2F11%2F08&x=0&y=0
[7/12/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=7%2F11%2F03&x=0&y=0
[7/12/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=7%2F11%2F03&x=0&y=0
[7/12/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=7%2F11%2F03&x=0&y=0
[7/12/13]
7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[7/12/13]
8 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[7/12/13]
|
Tuesday, July 9, 2013
Economic Update for the week of July 8th, 2013
|
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WEEKLY QUOTE
“Don’t
dwell on what went wrong. Instead, focus on what to do next. Spend your
energies on moving forward toward finding the answer.”
- Denis Waitley
WEEKLY TIP
A
30-day list can help you guard against impulse buying; place all nonessential
purchases on the list and check again after 30 days. In many cases, the
impulse will have passed.
WEEKLY RIDDLE
This house attracts travelers with its brightness, yet it
is often the loneliest home on the coast. What kind of house is this?
Last week’s riddle:
At a stop sign on a rural road, there are two trucks in front of
a truck, two trucks behind a truck, and one truck in the middle of two
trucks. How many trucks are there in total?
Last week’s answer:
Three.
|
July 8,
2013
AMERICA ADDS 195,000 JOBS IN JUNE
Payroll growth in June matched that of May, according to the
Labor Department (the May gain was revised upward). The private sector hired
202,000 new workers after adding 207,000 in May, offsetting reductions to
government payrolls. Economists polled by Bloomberg had forecast net job
growth of 165,000, so this was encouraging. Will it encourage the Federal
Reserve to taper? The Fed’s next policy announcement occurs on July 31, but
it will not revise its economic forecasts at that time and no press
conference is scheduled afterward. Some economists think the Fed could start
tapering QE3 as soon as September.1
ISM INDICES BOTH TOP 50
The
June purchasing manager indices from the Institute for Supply Management both
showed sector expansion. The pace of growth moderated in the service sector, with
June’s reading of 52.2 down 1.5 points from May. ISM’s manufacturing index
rebounded impressively from a 49.0 reading in May to 50.9 in June.2
1-YEAR DELAY FOR EMPLOYER HEALTH CARE
MANDATE
The
Obama administration is postponing one of the key reforms of the Affordable Care
Act – businesses with 50 or more full-time employees now won’t have to
provide health insurance to workers until 2015. As around 85% of Americans
already have health care coverage, the decision doesn’t impact a majority of
individuals or businesses. Most uninsured individuals will still need to buy
health coverage in 2014 and businesses with fewer than 50 FTEs won’t be
required to sponsor health insurance plans next year. Still, the delay raises
new questions about whether national health care reforms can proceed on
schedule.3,4
ABBREVIATED TRADING WEEK SEES BIG GAINS
Stocks
started July well. The S&P 500 rose 1.59% in four days to settle at
1,631.89 Friday. The DJIA rose 1.52% to close at 15,135.84 at week’s end, and
the NASDAQ advanced 2.24% to wrap up the week at 3,479.38. Oil settled at
$103.22 Friday, with prices soaring 6.7% in a week on worries about political
instability in Egypt.5,6
THIS WEEK: The Q2
earnings season begins Monday with results from Alcoa. Nothing major is scheduled for Tuesday. Wednesday,
the June 19 FOMC minutes are released along with data on May wholesale
inventories; Yum! Brands and Family Dollar report earnings. Thursday brings
the latest initial jobless claims report plus earnings from Progressive and
TXI. Friday, JPMorgan Chase and Wells Fargo report quarterly results, June’s
Producer Price Index arrives, and the University of Michigan publishes its
initial July consumer sentiment survey.
Sources: usatoday.com, bigcharts.com, treasury.gov - 7/5/137,8,9,10
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. 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 - bloomberg.com/news/2013-07-05/payrolls-in-u-s-increased-195-000-in-june-unemployment-7-6-.html
[7/5/13]
2 - briefing.com/investor/calendars/economic/2013/07/01-05 [7/5/13]
3 - nytimes.com/2013/07/03/us/politics/obama-administration-to-delay-health-law-requirement-until-2015.html
[7/3/13]
4 -
kansascity.com/2013/07/03/4328512/qa-on-impact-of-health-law-delay.html
[7/3/13]
5 - markets.on.nytimes.com/research/markets/overview/overview.asp
[7/5/13]
6 - reuters.com/article/2013/07/05/us-markets-oil-idUSBRE9640FE20130705
[7/5/13]
7 - usatoday.com/money/markets/overview/
[7/5/13]
8 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=7%2F5%2F12&x=0&y=0
[7/5/13]
8 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=7%2F5%2F12&x=0&y=0
[7/5/13]
8 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=7%2F5%2F12&x=0&y=0
[7/5/13]
8 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=7%2F3%2F08&x=0&y=0
[7/5/13]
8 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=7%2F3%2F08&x=0&y=0
[7/5/13]
8 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=7%2F3%2F08&x=0&y=0
[7/5/13]
8 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=7%2F3%2F03&x=0&y=0
[7/5/13]
8 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=7%2F3%2F03&x=0&y=0
[7/5/13]
8 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=7%2F3%2F03&x=0&y=0
[7/5/13]
9 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[7/5/13]
10 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[7/5/13]
|
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