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WEEKLY QUOTE
“Always
forgive your enemies; nothing annoys them so much.”
-
Oscar Wilde
WEEKLY TIP
If
your income, expenses or financial commitments have changed recently, it may
be a good idea to reexamine your retirement savings effort.
WEEKLY RIDDLE
I’m not alive, yet I grow. I need air, yet I have no lungs.
I lack a mouth, yet water will calm me down. What am I?
Last week’s riddle:
What common English-language word becomes shorter when you make
it longer?
Last week’s answer:
Short.
|
November 26,
2013
CONSUMER & PRODUCER PRICES DECLINE
Last week, Labor Department reports showed the Consumer
Price Index down 0.1% for October while the Producer Price Index slipped 0.2%
with help from a 3.8% dip in gasoline costs. The real news was the remarkably
tame yearly inflation. In the last 12 months, the CPI has only increased 1.0%
and the PPI just 0.3% (although the core PPI did rise 1.4%). What do these annualized
gains represent? The weakest wholesale inflation since 2009.1,2
FEWER HOMES SELL IN OCTOBER
Existing home sales fell 3.2% last month, according to the
National Association of Realtors. This marks the second straight monthly
decline. Higher mortgage rates, narrowing inventory and the federal
government’s 16-day shutdown certainly influenced sales volume. The median
sales price of an existing home was $199,500 last month, 12.8% higher than a
year ago.1,3
RETAIL SALES IMPROVE
October saw a solid 0.4% rise in the indicator, and that
surprised analysts who thought the federal shutdown would hurt the headline
number. Auto sales powered October’s gain, but Census Bureau data showed a
0.2% advance even with car and truck buying removed.1
S&P CLOSES ABOVE 1,800
While
the October Federal Reserve policy meeting minutes revealed the possibility
of tapering QE3 in “the coming months,” stocks still pulled higher on the
week. The Dow (+0.65% to 16,064.77), NASDAQ (+0.14% to 3,991.65) and S&P
500 (+0.37% to 1,804.76) all shrugged off midweek dips.1,4
THIS WEEK: NAR
releases its October pending home sales report Monday, complementing earnings
from Fifth Street Finance and Wet Seal. On Tuesday, the Census Bureau issues
September and October reports on housing starts and building permits, the
Conference Board’s November consumer confidence index comes out, and the
September Case-Shiller Home Price Index arrives; additionally, TiVo and
Chico’s announce Q3 results. Wednesday brings the University of Michigan’s
final November consumer sentiment index, the Conference Board’s October
leading indicators index and the October durable goods orders report from the
Census Bureau. All U.S. financial markets will be closed Thursday in
observance of Thanksgiving. Friday is Black Friday, of course; the NYSE and
NASDAQ will close at 1:00pm EST with the bond market likely closing an hour
later.
Sources: USATODAY.com, bigcharts.com, treasury.gov - 11/22/135,6,7,8
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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free to forward this article to family, friends or colleagues.
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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 - news.morningstar.com/articlenet/article.aspx?id=620267
[11/20/13]
2 - marketwatch.com/story/us-wholesale-costs-fall-again-in-october-2013-11-21
[11/21/13]
3 - business.time.com/2013/11/20/u-s-existing-home-sales-fall-3-2-percent-in-october/
[11/20/13]
4 - thestreet.com/story/12120723/1/market-hustle-curb-that-enthusiasm-dow-hesitates-at-16000.html
[11/22/13]
5 - usatoday.com/money/markets/overview/
[11/22/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=11%2F21%2F12&x=0&y=0
[11/22/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=11%2F21%2F12&x=0&y=0
[11/22/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=11%2F21%2F12&x=0&y=0
[11/22/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=11%2F21%2F08&x=0&y=0
[11/22/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=11%2F21%2F08&x=0&y=0
[11/22/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=11%2F21%2F08&x=0&y=0
[11/22/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=11%2F21%2F03&x=0&y=0
[11/22/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=11%2F21%2F03&x=0&y=0
[11/22/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=11%2F21%2F03&x=0&y=0
[11/22/13]
7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[11/22/13]
8 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[11/22/13]
|
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Tuesday, November 26, 2013
Economic Update for November 26th, 2013
Tuesday, November 19, 2013
Economic Update for the week of November 19th, 2013
|
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|
WEEKLY QUOTE
“We
become what we think about.”
-
Earl Nightingale
WEEKLY TIP
A
good FICO score can really pay off. A credit score of 750 or higher may help
you get a home loan at the best available interest rate, positioning you to
save tens of thousands of dollars in the long run.
WEEKLY RIDDLE
What common English-language word becomes shorter when you
make it longer?
Last week’s riddle:
I am only one syllable long and too heavy for one person to lift,
but if you reverse me I am not. What am I?
Last week’s answer:
A ton.
|
November 19,
2013
YELLEN EMPHASIZES FURTHER EASING
While conceding that the Federal Reserve’s current
stimulus effort “will not continue indefinitely,” Federal Reserve chair
nominee Janet Yellen sounded decidedly dovish at her confirmation hearing in
the Senate last week. “Supporting the recovery today is the surest
path to returning to a more normal approach to monetary policy,” she noted,
which global markets took as a signal that tapering was not in
the immediate future. The S&P 500 hit a new record close after her
comments Thursday; gold and silver futures and the MSCI Emerging Markets
Index all rose 1.4% on the day.1
HEALTHCARE ENROLLMENT ISSUES LINGER
While demand was reasonably high at the new online health insurance
exchanges in October (975,000+ people found that they were eligible for
coverage), total enrollment for the month was just 106,000. As tweaks
continued to be made to healthcare.gov, President Obama announced that
insurers don’t yet have to cancel plans that fail to meet Affordable Care Act
standards. Friday, the House passed a GOP bill that would let insurers offer such policies to
new customers as well as existing ones in 2014; President Obama has indicated
he will veto this bill.2,3
EARNINGS GROWTH SURPASSES ESTIMATES
As of Friday, 461 firms in the S&P 500 had reported
earnings – and according to Bloomberg, 75% of them had beaten profit forecasts. Bloomberg
projects S&P 500 earnings up 4.9% for Q3 and 5.8% for Q4.4
DOW...16,000? S&P...1,800?
NASDAQ...4,000?
Soon,
the major U.S. indices could top those psychologically important levels. Friday
saw another record close for the S&P 500: 1,798.18. The Dow settled
Friday at 15,961.70 (also a new record close), the NASDAQ at 3,985.97. Weekly
performances were as follows: S&P, +1.56%; DJIA, +1.27%; NASDAQ, +1.70%.5
THIS WEEK: Monday
brings earnings from Salesforce, Tyson Foods and Urban Outfitters and the
November NAHB Housing Market Index. Tuesday offers earnings from Campbell
Soup Co., TJX, Best Buy, Home Depot and Medtronic. Wednesday, NAR publishes
October existing home sales numbers, and the federal government issues the
October CPI, the October FOMC minutes and the report on October retail sales;
ADT, Lowe’s, JCPenney, J.M. Smucker, Deere and Staples announce earnings. Thursday,
October’s PPI and new initial claims figures complement earnings from Abercrombie
& Fitch, Target, Gap, Gamestop, Ross, Intuit and Dollar Tree. Friday,
PetSmart announces Q3 results.
Sources: USATODAY.com, bigcharts.com, treasury.gov - 11/15/136,7,8,9
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. |
|||||||||||||||||||||||||||||||
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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/2013-11-13/asian-futures-heed-u-s-rally-as-yelen-boosts-treasuries.html
[11/13/13]
2 - washingtonpost.com/blogs/plum-line/wp/2013/11/13/what-the-obamacare-enrollment-numbers-really-tell-us/
[11/13/13]
3 - usatoday.com/story/news/politics/2013/11/15/house-cancelled-plans-bill/3576071/
[11/15/13]
4 - sfgate.com/business/bloomberg/article/U-S-Stocks-Rise-on-Fed-Bets-Amid-Industrial-4985720.php
[11/15/13]
5 - fxstreet.com/news/forex-news/article.aspx?storyid=5f3ccc1a-1b74-482b-b7fe-37046d8e5fc4
[11/15/13]
6 - usatoday.com/money/markets/overview/
[11/15/13]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=11%2F15%2F12&x=0&y=0
[11/15/13]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=11%2F15%2F12&x=0&y=0
[11/15/13]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=11%2F15%2F12&x=0&y=0
[11/15/13]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=11%2F14%2F08&x=0&y=0
[11/15/13]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=11%2F14%2F08&x=0&y=0
[11/15/13]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=11%2F14%2F08&x=0&y=0
[11/15/13]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=11%2F14%2F03&x=0&y=0
[11/15/13]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=11%2F14%2F03&x=0&y=0
[11/15/13]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=11%2F14%2F03&x=0&y=0
[11/15/13]
8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[11/15/13]
9 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[11/15/13]
|
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Tuesday, November 12, 2013
Economic Update for the week of November 12th, 2013
|
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|
WEEKLY QUOTE
“If
you can dream it, you can achieve it.”
-
Zig Ziglar
WEEKLY TIP
If
you have worked for your current employer for just a few years, check to make
sure that you are now fully vested in the retirement plan it sponsors.
WEEKLY RIDDLE
I am only one syllable long and too heavy for one person
to lift, but if you reverse me I am not. What am I?
Last week’s riddle:
How many times can you subtract the number 75 from 7,500?
Last week’s answer:
Once, because after the first
subtraction, you will then be subtracting 75 from 7,425 and so forth.
|
November 12,
2013
SHUTDOWN DOESN’T DETER HIRING
The Labor Department’s delayed October employment report
showed the economy adding 204,000 new jobs last month. Analysts polled by
Reuters had only expected a gain of 125,000. The unemployment rate actually
rose to 7.3%, as those analysts had predicted. This was a nice Friday
surprise for Wall Street, and it also made investors wonder if the tapering
of QE3 could come before the end of the year. A solid November employment
report could offer further grounds for that move.1
FIRST Q3 GDP ESTIMATE TOPS EXPECTATIONS
In another nice surprise for Wall Street, the Bureau of
Economic Analysis put third quarter growth at 2.8%, whereas economists
surveyed by MarketWatch had projected a reading of 2.3%. In related news, a
federal report showed factory orders up 1.7% in September, and the Institute
for Supply Management’s service sector PMI rose a full point in October to
55.4.2,3
HOUSEHOLD INCOMES OUTPACE SPENDING
The September consumer spending report was a bit of a
disappointment. Personal spending increased 0.2% (economists polled by
MarketWatch had forecast a 0.3% rise) while personal incomes rose 0.5%,
suggesting that households saved more and spent less of what they earned. November’s
initial University of Michigan consumer sentiment index came in at 72.0, down
from the final October mark of 73.2.3
DOW CLOSES AT NEW PEAK
Rising
1.08% on the day and 0.94% on the week, the DJIA settled at a new all-time
peak of 15,761.78 Friday. The S&P 500 rose 0.51% across five days to settle
at 1,770.61 at week’s end, while the tech-heavy NASDAQ lost 0.07% in the same
stretch, closing Friday at 3,919.23. Incidentally, the S&P is now riding
a 5-week win streak, its longest since mid-February.1,4
THIS WEEK: Earnings season
is winding down, but it should still take center stage this week with light
data coming out of Washington. Monday is Veterans Day, a federal holiday; bond
markets are closed, but the stock market is open and NewsCorp, American
Apparel, Dick’s Sporting Goods and Trend Micro will present Q3 results. Tuesday brings earnings from Dish Network, DR
Horton, Dean Foods and Pandora. Wednesday offers Q3 results from Cisco
and Macy’s. On Thursday, earnings reports from Wal-Mart, Kohl’s, Nordstrom,
Williams Sonoma, Vodafone, Viacom and Agilent arrive along with new initial
claims figures. Reports on October industrial output and September wholesale
inventories appear Friday.
Sources: USATODAY.com, bigcharts.com, treasury.gov - 11/8/135,6,7,8
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 - tinyurl.com/kvl7fbr
[11/8/13]
2 - usatoday.com/story/money/business/2013/11/07/third-quarter-gdp-report/3452547/
[11/7/13]
3 - marketwatch.com/Economy-Politics/Calendars/Economic
[11/8/13]
4 - google.com/finance?q=INDEXDJX%3A.DJI&ei=oHF9Usj8IoOeiQLiKA
[11/8/13]
5 - usatoday.com/money/markets/overview/
[11/8/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=11%2F8%2F12&x=0&y=0
[11/8/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=11%2F8%2F12&x=0&y=0
[11/8/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=11%2F8%2F12&x=0&y=0
[11/8/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=11%2F7%2F08&x=0&y=0
[11/8/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=11%2F7%2F08&x=0&y=0
[11/8/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=11%2F7%2F08&x=0&y=0
[11/8/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=11%2F7%2F03&x=0&y=0
[11/8/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=11%2F7%2F03&x=0&y=0
[11/8/13]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=11%2F7%2F03&x=0&y=0
[11/8/13]
7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[11/8/13]
8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[11/8/13]
|
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