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WEEKLY QUOTE
“Every
day brings a chance for you to draw in a breath, kick off your shoes, and
dance.”
-
Oprah Winfrey
WEEKLY TIP
Making
a donation to a charity can give you an immediate tax deduction for the
amount of the donation and help you avoid capital gains tax if they are
derived from certain assets. Consider this move if you like to itemize deductions
and you are in a higher tax bracket.
WEEKLY RIDDLE
What
binds two people together yet touches only one person at a time?
Last week’s riddle:
Lidia immediately went bankrupt after the car she was pushing
around stopped in front of a hotel. It sounds sad, but she wasn’t upset. What
was she doing?
Last week’s answer:
She was playing Monopoly.
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March 18,
2014
RETAIL SALES UP 0.3% IN FEBRUARY
Weather didn’t stop Americans from shopping last month.
February’s headline gain in retail sales was the first in three months and
represented a nice turnaround from the (revised) 0.6% drop measured by the
Commerce Department for January. Minus car and truck buying, the February increase
was still 0.3%. Sales at clothing and furniture retailers led the way, both
improving 0.4% on the month.1
SENTIMENT COOLS AS WEATHER WARMS
The preliminary March reading for the University of
Michigan’s monthly consumer sentiment index was just 79.9, a 4-month low. February’s
final mark was 81.6, and analysts polled by MarketWatch forecast an initial
March reading of 80.8.2,3
PRODUCER PRICES RETREAT, AGAINST
EXPECTATIONS
After rising 0.2% for January, the Producer Price Index
ticked down 0.1% in February; in a Bloomberg survey, economists projected a
0.2% increase. The core PPI (minus food and energy prices) dropped 0.2% last
month. Over the past year, the headline PPI has risen just 0.9%.2,3
OVERSEAS HEADLINES HAMPER STOCKS
Would
Crimeans vote to leave Ukraine and join Russia on March 16? To what degree
was China’s economy cooling off? These questions preoccupied Wall Street last
week, and the Dow, S&P 500 and Nasdaq all turned south. The 5-day
performances: S&P, -1.97% to 1,841.13; Dow, -2.35% to 16,065.67; Nasdaq,
-2.10% to 4,245.40.4,5
THIS WEEK: Monday morning,
Wall Street will react to the outcome of the Crimean referendum; the March
NAHB housing market index and the Federal Reserve’s report on February
industrial output also arrive. Tuesday, investors will consider February’s CPI,
data on February housing starts and building permits, and earnings from Oracle,
Perry Ellis, Adobe and Hertz. Wednesday brings a Federal Reserve
policy announcement (and the potential for further tapering of QE3); Guess, KB
Home, FedEx and General Mills announce quarterly results. On Thursday, NAR
issues February existing home sales figures, the Conference Board puts out
its February leading indicator index, a new round of initial jobless claims
data arrives, and Nike, ConAgra and Lennar present earnings. No major
economic releases are scheduled for Friday.
Sources: USATODAY.com, bigcharts.com, treasury.gov - 3/14/145,6,7,8
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 - reuters.com/article/2014/03/13/us-retail-sales-idUSBREA2C0YK20140313
[3/13/14]
2 - marketwatch.com/economy-politics/calendars/economic [3/14/14]
3 - bloomberg.com/news/2014-03-14/wholesale-prices-in-u-s-unexpectedly-drop-on-cheaper-services.html
[3/14/14]
4 - reuters.com/article/2014/03/14/markets-usa-stocks-idUSL2N0MB1ON20140314
[3/14/14]
5 - usatoday.com/money/markets/overview/ [3/14/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F14%2F13&x=0&y=0
[3/14/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F14%2F13&x=0&y=0
[3/14/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F14%2F13&x=0&y=0
[3/14/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F13%2F09&x=0&y=0
[3/14/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F13%2F09&x=0&y=0
[3/14/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F13%2F09&x=0&y=0
[3/14/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F15%2F04&x=0&y=0
[3/14/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F15%2F04&x=0&y=0
[3/14/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F15%2F04&x=0&y=0
[3/14/14]
7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[3/14/14]
8 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[3/14/14]
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Tuesday, March 18, 2014
Economic Update for the week of March 18th, 2014
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