|
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WEEKLY QUOTE
“Don’t
let the past steal your present.”
-
Cherrie L. Moraga
WEEKLY TIP
If
you receive an inheritance, make sure your spouse understands your
expectations for the money. Do you consider those assets yours to manage, or
do you consider them joint assets?
WEEKLY RIDDLE
You
can make it and read about it today, and many classes are taught in it, but
it is not part of the future. What is it?
Last week’s riddle:
Dave is at the hardware store to buy something for his house.
Yesterday, he bought 1 for $1. The week before he bought 10 for $2 and his
friend bought 100 for $3. Today he bought 907 for $3. If the prices haven’t
changed, how is this possible?
Last week’s answer:
Dave and his friend have been
buying house numbers. 907 is $3 because it costs $1 per numeral.
|
January 28,
2014
MORE HOMES MOVE IN DECEMBER
Last month saw a 1.0% gain in existing home sales, a nice change
for this key economic indicator after a few subpar months. Analysts surveyed
by Dow Jones Newswires anticipated sales improving 0.6%. The National
Association of Realtors did revise November’s sales decline to 5.9% (it had
been 4.3%).1,2
GAUGE OF NEAR-TERM PROSPECTS EDGES
HIGHER
The Conference Board’s index of leading indicators –
intended to assess economic prospects for the next 3-6 months – ticked up
0.1% for December. Additionally, the CB revised the November gain of the
index from 0.8% to 1.0%.1
GOLD RALLY CONTINUES
Futures advanced for a fifth straight week, settling
Friday at $1,264.30 an ounce on the COMEX after rising 1.0% in 5 days, helped
by a wave of disappointing economic news from overseas. The precious metal hasn’t
had such a long winning streak since September 2012.3
STOCKS STAGE A MAJOR RETREAT
Weak
manufacturing data from China and an exit from emerging market currencies
triggered a 2-day global selloff at the end of last week. The Argentine peso
dropped 15% in 5 days, and the Russian ruble, South African rand and Brazil
real also slumped. As a result, the DJIA had its poorest week in more than 2
years (-3.52%). The Nasdaq lost 1.65% for the week while the S&P 500 fell
2.63%. At the close Friday, here was where the big three stood: S&P,
1,790.29; DJIA,
15,879.11; NASDAQ, 4,128.17.4,5
THIS WEEK: Monday
brings Q4 results from Apple and Caterpillar and the Census Bureau’s report
on December new home sales. On Tuesday, investors will consider the
Conference Board’s January consumer confidence index, the November
Case-Shiller home price index, December durable goods orders and earnings
from Amgen, Ford Motor Co., Yahoo, Comcast, AT&T, Siemens and Pfizer. The
earnings parade continues Wednesday with quarterly results from Dow Chemical,
Novartis, Qualcomm, Boeing and Biogen – and the Federal Reserve makes a
policy announcement. Thursday, NAR reports December pending home sales, the
first federal estimate of Q4 growth appears, and earnings arrive from Amazon,
Google, Banco Santander, Ericsson, LVMH, Royal Dutch Shell, H&M, Exxon
Mobil, Visa, UPS and 3M. Friday, the Commerce Department issues its December personal
spending report, the University of Michigan’s final January consumer
sentiment index appears, and earnings arrive from Chevron, MasterCard and
BBVA.
Sources: USATODAY.com, bigcharts.com, treasury.gov - 1/24/146,7,8,9
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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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 - nasdaq.com/article/european-markets-pulled-back-on-weak-chinese-data--earnings-20140123-00763
[1/23/14]
2 - tinyurl.com/mav8xv6 [1/22/14]
3 - proactiveinvestors.com.au/companies/news/52211/gold-climbs-again-friday-longest-rally-since-september-2012-52211.html
[1/24/14]
4 - thestreet.com/story/marketstory.html
[1/24/14]
5 - businessweek.com/news/2014-01-24/argentina-to-ease-fx-controls-after-peso-fell-most-in-12-years
[1/24/14]
6 - usatoday.com/money/markets/overview/
[1/24/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=1%2F24%2F12&x=0&y=0
[1/24/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=1%2F24%2F12&x=0&y=0
[1/24/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=1%2F24%2F13&x=0&y=0
[1/24/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=1%2F23%2F09&x=0&y=0
[1/24/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=1%2F23%2F09&x=0&y=0
[1/24/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=1%2F23%2F09&x=0&y=0
[1/24/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=1%2F23%2F04&x=0&y=0
[1/24/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=1%2F23%2F04&x=0&y=0
[1/24/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=1%2F23%2F04&x=0&y=0
[1/24/14]
8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[1/24/14]
9 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[1/24/14]
|
Tuesday, January 28, 2014
Economic update for the week of January 28th, 2014
Wednesday, January 22, 2014
Economic Update for the week of January 22nd, 2014
|
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WEEKLY QUOTE
“The
friend who holds your hand and says the wrong thing is made of dearer stuff
than the one who stays away.”
-
Barbara Kingsolver
WEEKLY TIP
With
a durable financial power of attorney, someone you trust can act on your
behalf to manage your finances and investments if you cannot.
WEEKLY RIDDLE
Dave
is at the hardware store to buy something for his house. Yesterday, he bought
1 for $1. The week before he bought 10 for $2 and his friend bought 100 for
$3. Today he bought 907 for $3. If the prices haven’t changed, how is this
possible?
Last week’s riddle:
David put on a white shirt with three large holes in it and went
to the grocery store. No one gave him a funny look; no one objected to it.
What kind of shirt was David wearing?
Last week’s answer:
A white T-shirt.
|
January 22,
2014
INFLATION RISES IN DECEMBER
Labor Department reports showed the Consumer Price Index up
0.3% last month (with core CPI rising 0.1%) and the Producer Price Index
advancing 0.4% (core PPI went north 0.3%). If these spikes foreshadow greater
inflation for 2014, they do little to alter the big picture of 2013 – a year
in which consumer prices increased only 1.5% and wholesale prices rose just
1.2%. Annualized consumer inflation is beneath the Federal Reserve’s 2.0%
target and hasn’t exceeded 2% for two years. The last two consecutive years
in which consumer prices rose less than 2% were 1997-98.1,2
A MILD LIFT FOR RETAILERS
Economists polled by Briefing.com thought retail sales
would be flat in December. They rose 0.2% instead (0.7% with auto buying factored
out). The Census Bureau revised November’s 0.7% advance down to 0.4%.3
CONSUMER SENTIMENT MISSES EXPECTATIONS
The initial January consumer sentiment index from the
University of Michigan took a major dip, dropping to 80.4 from the final
December figure of 82.5. The consensus forecast of analysts surveyed by
Briefing.com was for a much higher reading – 83.0.3
LESS GROUNDBREAKING AT YEAR’S END
This is hardly surprising given winter weather: the Census
Bureau reported a 9.8% drop in housing starts for December, plus a 3.0%
decline in building permits. For 2013, housing starts increased 18.3% and
permits 17.5%.4
NASDAQ OUT OF THE RED YTD
Thanks
to a 0.55% 5-day advance, the tech-heavy Nasdaq became the first of the big
three to go positive so far for 2014. The Dow gained 0.13% last week; the
S&P 500 retreated 0.20%. Friday, the indices settled as follows: DJIA, 16,458.56;
NASDAQ, 4,197.58; S&P, 1,838.70.5
THIS WEEK: Monday is
Martin Luther King, Jr. Day and U.S. stock and bond markets are closed;
overseas, China’s government releases Q4 and 2013 GDP numbers. Tuesday brings
earnings from Delta Airlines, Texas Instruments, Verizon, Halliburton, IBM,
Johnson & Johnson, TD Ameritrade and The Travelers. More earnings reports
arrive Wednesday from eBay, Logitech, Netflix and SanDisk, and the annual
World Economic Forum begins in Switzerland. Thursday offers data on December
existing home sales and initial jobless claims, Q4 results from Altera and
Alaska Airlines and the Conference Board’s December leading indicators index.
Friday, nothing major is scheduled.
Sources: USATODAY.com, bigcharts.com, treasury.gov - 1/17/146,7,8,9
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. 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 - forbes.com/sites/kitconews/2014/01/16/subdued-inflation-offers-little-help-to-gold/
[1/16/14]
2 - investing.com/news/economic-indicators/u.s.-ppi-rises-0.4-in-december,-core-ppi-up-0.3-260436
[1/15/14]
3 - briefing.com/investor/calendars/economic/2014/01/13-17
[1/17/14]
4 - esa.doc.gov/economic-indicators/economic-indicators-6
[1/17/14]
5 - thestreet.com/story/12244254/1/markets-hustle-stocks-mixed-amid-lackluster-earnings.html
[1/17/14]
6 - usatoday.com/money/markets/overview/
[1/17/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=1%2F17%2F12&x=0&y=0
[1/17/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=1%2F17%2F12&x=0&y=0
[1/17/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=1%2F17%2F13&x=0&y=0
[1/17/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=1%2F16%2F09&x=0&y=0
[1/17/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=1%2F16%2F09&x=0&y=0
[1/17/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=1%2F16%2F09&x=0&y=0
[1/17/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=1%2F16%2F04&x=0&y=0
[1/17/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=1%2F16%2F04&x=0&y=0
[1/17/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=1%2F16%2F04&x=0&y=0
[1/17/14]
8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[1/17/14]
9 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[1/17/14]
|
Tuesday, January 14, 2014
Economic Update for the week of January 14th, 2014
|
|||||||||||||||||||||||||||||||
WEEKLY QUOTE
“Kind
words can be short and easy to speak, but their echoes are truly endless.”
-
Mother Teresa
WEEKLY TIP
Low-fee
or no-fee checking and savings accounts usually let you make major withdrawals
without sizeable penalties. That’s a feature you may appreciate if you find
you need to make an emergency withdrawal in retirement.
WEEKLY RIDDLE
David
put on a white shirt with three large holes in it and went to the grocery
store. No one gave him a funny look; no one objected to it. What kind of
shirt was David wearing?
Last week’s riddle:
Throughout Friday, Hanna asks her mother the same four-word
question. On each occasion, her mother gives her a different answer. What is
the question?
Last week’s answer:
“What time is it?”
|
January 14,
2014
INTERPRETING A PERPLEXING JOBS REPORT
Why did the economy generate only 74,000 new jobs last
month? Why did 347,000 people drop out of the job hunt to leave the labor
participation rate at 62.8%, the lowest in 35 years? Was it the weather? Maybe.
As a note from Capital
Economics mentions, the Labor Department found that 273,000 people were
unable to work last month because of weather conditions, well above the
December average of 166,000. The jobless rate fell to a 5-year
low of 6.7% in the final month of 2013, but that was largely due to older workers
retiring and the thinning ranks of job seekers. November’s job growth was
revised upward by 38,000 to 241,000.1,2
A BIT LESS GROWTH IN THE SERVICE SECTOR
December’s non-manufacturing PMI from the Institute for
Supply Management came in at 53.0, down from the prior 53.9 mark. Although
53.0 is the weakest reading in six months, it signifies expansion. Data from
Markit showed service-sector PMIs in China (50.9) and the euro area (51.0) also
down slightly last month.3
FACTORY ORDERS REBOUND IN DECEMBER
The latest report from the Commerce Department noted a
1.8% monthly rise in orders placed with U.S. manufacturers. November’s
retreat in factory orders was revised down to 0.5%.3
A MIXED WEEK ON WALL STREET
The
first full trading week of 2014 brought 5-day gains for the S&P 500 (0.60%)
and Nasdaq (1.03%) but a 0.20% pullback for the Dow. Friday, the big three
closed as follows: DJIA, 16,437.05; NASDAQ, 4,174.67; S&P, 1,842.37.4
THIS WEEK: Nothing
major is scheduled for Monday. Tuesday offers Q4 results from Wells Fargo and
JPMorgan Chase and December retail sales numbers. Wednesday, Bank of America,
Kinder Morgan, Fastenal, CSX and Plexus announce earnings, and a new Federal
Reserve Beige Book and the December PPI arrive. Thursday brings the December
CPI, the January NAHB Housing Market Index, the latest initial jobless
claims, remarks by Ben Bernanke at a special Brookings Institution conference
on central banking, and earnings from UnitedHealth, BB&T, American
Express, Intel, Goldman Sachs, Capital One, BlackRock, Citigroup, Charles
Schwab, First Republic Bank and PNC Financial. Friday offers data on December
industrial output, housing starts, and building permits and the month’s
initial consumer sentiment index from the University of Michigan; General
Electric, Comerica, Bank of NY Mellon, Morgan Stanley, Schlumberger and
SunTrust all post earnings.
Sources: USATODAY.com, bigcharts.com, treasury.gov - 1/10/145,6,7,8
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/l9ywkdk [1/10/14]
2 - forbes.com/sites/samanthasharf/2014/01/10/jobs-report-u-s-economy-added-just-74k-jobs-in-december-unemployment-down-to-6-7/
[1/10/14]
3 - bloomberg.com/news/2014-01-06/ism-non-manufacturing-index-in-u-s-fell-to-53-in-december.html
[1/6/14]
4 - thestreet.com/story/marketstory.html
[1/10/14]
5 - usatoday.com/money/markets/overview/
[1/10/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=12%2F27%2F12&x=0&y=0
[1/10/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=12%2F27%2F12&x=0&y=0
[1/10/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=1%2F10%2F13&x=0&y=0
[1/10/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=1%2F9%2F09&x=0&y=0
[1/10/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=1%2F9%2F09&x=0&y=0
[1/10/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=1%2F9%2F09&x=0&y=0
[1/10/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=1%2F9%2F04&x=0&y=0
[1/10/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=1%2F9%2F04&x=0&y=0
[1/10/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=1%2F9%2F04&x=0&y=0
[1/10/14]
7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[1/10/14]
8 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[1/10/14]
|
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