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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.
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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.
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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 18, 2014
Economic Update for the week of February 18th, 2014
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