|
|||||||||||||||||||||||||||||||
|
WEEKLY QUOTE
“No
two persons ever read the same book.”
-
Edmund Wilson
WEEKLY TIP
Review
your will every 3-5 years or whenever a life event occurs.
WEEKLY 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 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 answer:
History.
|
February 4, 2014
CONSUMER MORALE, CONSUMER SPENDING
IMPROVE
On Friday, the Commerce Department announced that consumer
spending rose 0.4% in December, even as consumer incomes stayed flat. The
University of Michigan’s final January consumer sentiment index came in at
81.2 (up 0.8 points from December) and the Conference Board’s January
consumer confidence index posted a reading of 80.7 (up 3.2 points from last
month). Analysts surveyed by Briefing.com thought both indices would be flat
for January.1
HOME SALES DIP, BUT PRICES RISE
Brutal weather sent pending home sales down 8.7% in
December to a 43-month low, as reported by the National Association of
Realtors. The Census Bureau measured a 7.0% drop in new home buying last
month. In better news, November’s Case-Shiller Home Price Index showed a
13.7% yearly advance (the best 12-month gain in housing values since February
2006), and new home prices rose 8.4% in 2013.2,3
FEWER ORDERS FOR BIG-TICKET ITEMS
Durable goods orders fell 4.3% in December, but the Census
Bureau said the retreat was only 1.6% when transportation orders were
factored out. This was a switch from the (revised) 3.4% gain in hard goods
orders in November.1
FED TAPERS FURTHER, STOCKS SLIP
As
expected, the Federal Reserve announced last week that it would reduce its
monthly bond purchases by another $10 billion starting in February. Wall
Street struggled for most of the week, with the 5-day performances as
follows: DJIA, -1.13% to 15,698.85; NASDAQ, -0.59% to 4,103.88; S&P 500, -0.43%
to 1,782.59.4,5
THIS WEEK: On
Monday, Janet Yellen will be sworn in as Fed chair, ISM puts out its January
manufacturing PMI, the Commerce Department issues December auto sales figures,
and Anadarko, Hartford Financial, Yum! Brands and Sysco release quarterly results.
SiriusXM, Archer Daniels Midland, Michael Kors and Aflac post earnings Tuesday,
and data on December factory orders also arrives. Wednesday brings January’s ISM
service sector index, January’s ADP employment report and earnings from Merck,
Time Warner, Green Mountain Coffee, Aramark, Allstate, CBRE, Yelp!, Ralph
Lauren, Marathon Oil, Walt Disney, Twitter, Tesoro and Pandora. Thursday, earnings
from AOL, Expedia, Zynga, GM, Kellogg, Aetna, Towers Watson, Fidelity,
Activision Blizzard, Vulcan Materials, Monster, Phillip Morris, Invacare, Amtech,
21st Century Fox, Lions Gate, Universal and LinkedIn all arrive, plus new
initial claims figures and a new Challenger job-cut report. Friday, the Labor
Department releases the January employment report.
Sources: USATODAY.com, bigcharts.com, treasury.gov - 1/31/146,7,8,9
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 - briefing.com/investor/calendars/economic/2014/01/27-31 [1/31/14]
2 - bloomberg.com/news/2014-01-30/pending-sales-of-u-s-existing-homes-slump-most-since-may-2010.html
[1/30/14]
3 - foxbusiness.com/economy-policy/2014/01/27/new-home-sales-slide-7-in-december/
[1/27/14]
4 - marketwatch.com/story/fed-stays-the-course-by-tapering-another-10-billion-2014-01-29
[1/29/14]
5 - google.com/finance?q=INDEXDJX%3A.DJI%2CINDEXSP%3A.INX%2CINDEXNASDAQ%3A.IXIC&ei=ABvsUviuDeetiQKN3QE&gl=us
[1/31/14]
6 - usatoday.com/money/markets/overview/
[1/31/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=1%2F31%2F12&x=0&y=0
[1/31/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=1%2F31%2F12&x=0&y=0
[1/31/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=1%2F31%2F13&x=0&y=0
[1/31/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=1%2F30%2F09&x=0&y=0
[1/31/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=1%2F30%2F09&x=0&y=0
[1/31/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=1%2F30%2F09&x=0&y=0
[1/31/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=1%2F30%2F04&x=0&y=0
[1/31/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=1%2F30%2F04&x=0&y=0
[1/31/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=1%2F30%2F04&x=0&y=0
[1/31/14]
8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[1/31/14]
9 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[1/31/14]
|
|||||||||||||||||||||||||||||||
Tuesday, February 4, 2014
Economic Update for the week of Feb. 4th, 2014
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment