|
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|
WEEKLY QUOTE
“Better
shun the bait than struggle in the snare.”
-
John Dryden
WEEKLY TIP
As
you insure your life, think about the death benefit of the policy and its
potential uses after you are gone.
WEEKLY RIDDLE
I’m
comprised of solid ground, and yet I see water all around. What exactly am I?
Last week’s riddle:
Each morning, I show up at your feet, yet at midday I nearly
retreat. No matter how fast you move, I follow. What am I? ?
Last week’s answer:
Your shadow.
|
February 25,
2014
MORE MILD INFLATION
Consumer prices ticked up 0.1% for January while wholesale
prices rose 0.2%. Analysts polled by MarketWatch expected both the headline
Consumer Price Index and Producer Price Index to advance 0.1%. The bigger
news item (perhaps) is that the Labor Department altered its calculation of
producer prices for the first time in 36 years. The definitive PPI is now
called the PPI Final Demand index, and it measures prices received for exports,
services, federal government purchases and construction in addition to those
of finished goods.1,2
POOR HOME SALES TO START THE YEAR
The annual pace of existing home sales hit an 18-month low
in January; the National Association of Realtors announced 5.1% monthly and
yearly declines in residential resales. The good news? Inventory continues to
expand (+2.2% in January) and the median existing home price was $188,900
last month, up 10.7% from a year ago.3
OIL TOPS $102, GOLD ADVANCES FOR A
THIRD WEEK
NYMEX crude for April delivery settled at $102.20 a barrel
Friday, rising 1.9% for the week. Unrest in Ukraine, Venezuela, Turkey and
other emerging markets also influenced the 0.4% gain for COMEX gold futures
last week – the precious metal settled Friday at $1,323.60 per ounce.4
NASDAQ ADDS TO YTD GAINS
The
tech-heavy benchmark rose 0.46% during this past abbreviated trading week,
wrapping up Friday at 4,263.41; in contrast, the Dow and S&P 500 each
slipped a bit over four days. After a 0.32% weekly loss, the Dow stood at 16,103.30.
The S&P settled Friday at 1,836.25, losing 0.13% on the week.5
THIS WEEK: Berkshire
Hathaway, Hertz and Live Nation announce earnings Monday. Tuesday, the
Conference Board publishes its February consumer confidence index, the
December Case-Shiller and FHFA home price indices appear, and Big 5, Office
Depot, CoreLogic, Metro PCS, Papa John’s, Toll Brothers, Macy’s, Home Depot,
Alleghany, Molycorp, Dreamworks and Cracker Barrel all present earnings. Wednesday
offers January new home sales numbers and earnings from Baidu, TJX, Starwood
Hotels, JC Penney and U.S. Cellular. Thursday, Fed chair Janet Yellen reports
to Congress and new initial claims figures and data on January hard goods
orders arrive; quarterly results come from Salesforce, Wendy’s, Hilton,
Monster, Sempra Energy, Main Street Capital and Republic Airways. Friday brings
the month’s final University of Michigan consumer sentiment index, NAR’s
report on January pending home sales, and the second federal estimate of Q4
GDP.
Sources: USATODAY.com, bigcharts.com, treasury.gov - 2/21/146,7,8,9
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. This information has been derived
from sources believed to be accurate. Please note - investing involves risk,
and past performance is no guarantee of future results. 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. 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. This is neither a solicitation nor
recommendation to purchase or sell any investment or insurance product or
service, and should not be relied upon as such. All indices are unmanaged and
are not illustrative of any particular investment. 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 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 - marketwatch.com/economy-politics/calendars/economic [2/21/14]
2 - bloomberg.com/news/2014-02-18/producer-price-index-in-u-s-gets-first-overhaul-since-1978.html
[2/18/14]
3 - 247wallst.com/housing/2014/02/21/january-sales-of-existing-homes-at-18-month-low/
[2/21/14]
4 - proactiveinvestors.com/companies/news/52249/gold-rises-05-oil-above-102-52249.html
[2/21/14]
5 - fxstreet.com/news/forex-news/article.aspx?storyid=f0ae7598-7cbc-41c0-a5ff-1f741e2d583b
[2/21/14]
6 - usatoday.com/money/markets/overview/
[2/21/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=2%2F21%2F12&x=0&y=0
[2/21/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=2%2F21%2F12&x=0&y=0
[2/21/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=2%2F21%2F13&x=0&y=0
[2/21/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=2%2F20%2F09&x=0&y=0
[2/21/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=2%2F20%2F09&x=0&y=0
[2/21/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=2%2F20%2F09&x=0&y=0
[2/21/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=2%2F20%2F04&x=0&y=0
[2/21/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=2%2F20%2F04&x=0&y=0
[2/21/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=2%2F20%2F04&x=0&y=0
[2/21/14]
8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[2/21/14]
9 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[2/21/14]
|
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Tuesday, February 25, 2014
Economic Update for the week of February 25th, 2014
Tuesday, February 18, 2014
Economic Update for the week of February 18th, 2014
|
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|
WEEKLY QUOTE
“Never
allow a person to tell you no who doesn’t have the power to say yes.”
-
Eleanor Roosevelt
WEEKLY TIP
Think
about putting one-third or one-half of the pay raises you get in future years
into your workplace retirement plan.
WEEKLY RIDDLE
Each
morning, I show up at your feet, yet at midday I nearly retreat. No matter
how fast you move, I follow. What am I?
Last week’s riddle:
It sits when it stands. It walks in jumps. It can grow up to 8'
tall. What is it?
Last week’s answer:
A kangaroo.
|
February 18,
2014
FREEZING TEMPERATURES COOL RETAIL SALES
While the fourth quarter saw the strongest consumer
spending in 3 years, the pace of retail purchases slowed last month. The
Commerce Department reported a 0.4% drop in retail sales in January, and it
revised December’s gain of 0.2% to a loss of 0.1%. Severe cold, reduced
hiring and the end of long-term unemployment benefits were likely influences.
There was one bit of reassurance in the Commerce Department’s report: minus
auto buying, retail sales were actually flat last month.1
CONSUMER SENTIMENT IS UNCHANGED
The University of Michigan’s preliminary consumer
sentiment index for February came in at 81.2, precisely where it had finished
January. Analysts polled by Briefing.com had expected it to decline a full
point.2
GOLD FUTURES HIT A 3-MONTH HIGH
Bearish sentiment (and dissatisfying economic indicators)
encouraged a rally in precious metals last week. Gold gained 4.4% on the
COMEX in five days to settle at $1,318.60 Friday – a level unseen since
Halloween. Silver futures climbed 7.5% on the week to $21.42, the best price
since early November. Copper futures gained 0.6% last week, platinum futures
3.7% and palladium futures 4.1%.3
WALL STREET PULLS OUT OF ITS SLUMP
Stocks
really turned around last week, as these five-day index performances attest: DJIA,
+2.45% to 16,154.39; NASDAQ, +2.83% to 4,244.02; S&P 500, +2.46% to
1,838.63.4
THIS WEEK: Monday is
Presidents’ Day, so the NYSE and NASDAQ are closed as well as the U.S. bond
market; Revlon and OfficeMax will announce Q4 results. Tuesday, earnings roll
in from Blackrock, Medtronic, Panera, Coca-Cola, Del Monte, Waste Management
and Herbalife, and the February NAHB housing market index arrives. On Wednesday,
the minutes of the January Fed policy meeting will be released, along with
the January PPI and data on January housing starts and building permits; HealthSouth,
MGM, Safeway, Tesla Motors, Spirit Airlines, Marriott, Denny’s and Jack in
the Box all issue earnings reports. Thursday brings the Conference Board’s
January leading indicators index, the January CPI and earnings from BBVA,
DirecTV, Hormel, Newmont Mining, Leap Wireless, Wal-Mart, Priceline,
Hewlett-Packard, Intuit and Groupon. Existing home sales numbers for January
are released Friday, along with earnings from Charter Communications and DISH
Network.
Sources: USATODAY.com, bigcharts.com, treasury.gov - 2/14/145,6,7,8
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. |
|||||||||||||||||||||||||||||||
|
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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. This information has been derived
from sources believed to be accurate. Please note - investing involves risk,
and past performance is no guarantee of future results. 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. 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. This is neither a solicitation nor
recommendation to purchase or sell any investment or insurance product or
service, and should not be relied upon as such. All indices are unmanaged and
are not illustrative of any particular investment. 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 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/2014-02-13/retail-sales-in-u-s-decreased-0-4-in-january-commerce-says.html
[2/13/14]
2 - briefing.com/investor/calendars/economic/ [2/14/14]
3 - marketwatch.com/column/metals%20stocks
[2/14/14]
4 - google.com/finance?q=INDEXDJX%3A.DJI%2CINDEXSP%3A.INX%2CINDEXNASDAQ%3A.IXIC&ei=h4n-UsD_FIe1iwLUMA
[2/14/14]
5 - usatoday.com/money/markets/overview/
[2/14/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=2%2F14%2F12&x=0&y=0
[2/14/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=2%2F14%2F12&x=0&y=0
[2/14/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=2%2F14%2F13&x=0&y=0
[2/14/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=2%2F13%2F09&x=0&y=0
[2/14/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=2%2F13%2F09&x=0&y=0
[2/14/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=2%2F13%2F09&x=0&y=0
[2/14/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=2%2F13%2F04&x=0&y=0
[2/14/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=2%2F13%2F04&x=0&y=0
[2/14/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=2%2F13%2F04&x=0&y=0
[2/14/14]
7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[2/14/14]
8 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[2/14/14]
|
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Tuesday, February 11, 2014
Economic Update for the week of February 11th, 2014
|
|||||||||||||||||||||||||||||||
|
WEEKLY QUOTE
“Get
the facts, or the facts will get you. And when you get them, get them right,
or they will get you wrong.”
-
Thomas Fuller
WEEKLY TIP
Double-check
your eligibility for major federal tax credits (AOTC, EITC, child or
dependent care credit, adoption expenses credit, Saver’s Credit and others).
Dollar-for-dollar tax credits are more valuable than tax deductions.
WEEKLY RIDDLE
It
sits when it stands. It walks in jumps. It can grow up to 8' tall. What is it?
Last week’s riddle:
Joe showed up at a business meeting fresh and alert, even though
he had not slept a wink during any of the past four days. Why wasn’t he tired?
Last week’s answer:
He had slept during the past four
nights.
|
February 11,
2014
WAS IT THE WEATHER, OR THE ECONOMY?
For a second straight month, hiring was weak. Employers
added 113,000 jobs in January, and while the unemployment rate ticked down to
6.6%, the Labor Department’s latest report came with some caution flags.
Private-sector payrolls expanded by 142,000 new positions, but 29,000 federal
workers were let go and there were actually job cuts in the booming health
care sector. In 2013, the U.S. workforce expanded by an average of 194,000
jobs a month. The February jobs report will either reject or confirm
suspicions of a weakening labor market.1
ISM INDICES FLASH DIFFERENT SIGNALS
Wall Street did not expect the Institute for Supply
Management’s January manufacturing PMI to drop to 51.3 from the (revised)
December reading of 56.5. Economists surveyed by Briefing.com forecast a
January reading of 56.0. ISM’s service sector PMI improved a full point to
54.0 in January.2
FACTORY ORDERS SLIP; SO DO AUTO SALES
The Census Bureau recorded a 1.5% December retreat in
factory orders, offsetting an equal December gain. Although Chrysler and
Nissan reported January sales gains, other major automakers did not as fewer
Americans purchased cars last month due to the miserable weather across much
of the nation. In January, auto sales were down 3.0% year-over-year.2,3
STOCKS REBOUND, ADVANCE FOR THE WEEK
Investors
bought back into stocks Thursday and Friday, offsetting last Monday’s major
plunge. That resulted in the following weekly performances: DJIA, +0.61% to 15,794.08;
NASDAQ, +0.54% to 4,125.86; S&P 500, +0.81% to 1,797.02.4
THIS WEEK: Nothing
major is scheduled for Monday. On Tuesday, Federal Reserve chair Janet Yellen
delivers the central bank’s semi-annual report on monetary policy to
Congress, and the market considers earnings from TripAdvisor, CVS/Caremark,
Sprint, PG& E, Western Union, Mosaic, and Dean Foods plus data on December
wholesale inventories. Wednesday offers earnings from Cisco, CBS, Applied
Materials, Whole Foods, NVIDIA, Deere, NetApp, MetLife and Fidelity. More
earnings arrive Thursday – Avon, PepsiCo, Agilent, Nielsen, Kraft and
Goodyear – plus reports on January retail sales and December business
inventories. This month’s preliminary University of Michigan consumer
sentiment index comes out Friday, as does the Fed’s report on January industrial
output.
Sources: USATODAY.com, bigcharts.com, treasury.gov - 2/7/145,6,7,8
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. This information has been derived
from sources believed to be accurate. Please note - investing involves risk,
and past performance is no guarantee of future results. 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. 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. This is neither a solicitation nor recommendation to
purchase or sell any investment or insurance product or service, and should
not be relied upon as such. All indices are unmanaged and are not
illustrative of any particular investment. 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 - marketwatch.com/story/us-economy-adds-113000-jobs-in-january-2014-02-07
[2/7/14]
2 - briefing.com/investor/calendars/economic/ [2/7/14]
3 - zacks.com/stock/news/121918/Cold-Weather-Hits-Jan-US-Auto-Sales
[2/4/14]
4 - thestreet.com/story/12317464/1/market-hustle-us-stocks-gain-as-markets-shrug-off-jobs-miss.html
[2/7/14]
5 - usatoday.com/money/markets/overview/
[2/7/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=2%2F7%2F12&x=0&y=0
[2/7/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=2%2F7%2F12&x=0&y=0
[2/7/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=2%2F7%2F13&x=0&y=0
[2/7/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=2%2F6%2F09&x=0&y=0
[2/7/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=2%2F6%2F09&x=0&y=0
[2/7/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=2%2F6%2F09&x=0&y=0
[2/7/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=2%2F6%2F04&x=0&y=0
[2/7/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=2%2F6%2F04&x=0&y=0
[2/7/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=2%2F6%2F04&x=0&y=0
[2/7/14]
7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[2/7/14]
8 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[2/7/14]
|
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