|
|||||||||||||||||||||||||||||||
|
WEEKLY QUOTE
“The
world is full of people whose notion of a satisfactory future is, in fact, a
return to the idealized past.”
-
Robertson Davies
WEEKLY TIP
If
you’re wondering about going Roth with your IRA, talk with a financial
professional to determine whether or not the move makes sense. If you are a
younger IRA owner who anticipates retiring to a higher tax bracket, it might.
WEEKLY RIDDLE
I
can certainly run, but I will never be able to walk by myself. Wherever I go,
thoughts are close behind me. What am I?
Last week’s riddle:
It can only be broken with force, yet it can be dulled by contact
with a piece of paper. What is it?
Last week’s answer:
A pencil.
|
April 15,
2014
HOUSEHOLD SENTIMENT REACHES 9-MONTH
PEAK
The University of Michigan’s index of consumer sentiment
rose 2.6 points in its preliminary April reading, bouncing back from a
4-month low of 80.0 at the end of March to a high unseen since last July. From
2003-07, the index averaged a reading of 89.0; during the 2007-09 recession,
its average mark was just 64.2.1
PRODUCER PRICES ROSE 0.5% IN MARCH
You have to go back to last June (when wholesale inflation
spiked 0.8%) to find such a sizable monthly advance in the Producer Price
Index. The PPI had retreated 0.1% in February. A 1.1% monthly increase in
wholesale food costs was a big factor. Annualized wholesale inflation rose to
1.4% in March, up from 0.9% for February.1,2
OIL, GAS, GOLD LOG NOTABLE GAINS
NYMEX crude was worth $103.74 per barrel at Friday’s close
thanks to a 2.6% advance during the week. On April 10, AAA’s weekly survey
found a gallon of unleaded averaging $3.62 nationally, which was an 8-month peak.
An ounce of gold was worth $1,319.00 as the COMEX trading week ended, with
futures up 1.2% in five days; an ounce of palladium was worth $806.80, a high
unseen since 2011.1,3
NASDAQ SETTLES BELOW 4,000
A
3.10% plunge across five trading days took the Nasdaq Composite to a Friday
close of 3,999.73. The Dow and S&P 500 also went red on the week – the
blue chips retreated 2.35% to 16,026.75 and the S&P fell 2.64% to 1,815.69.4,5
THIS WEEK: Earnings
from Citigroup, Capital One, Piper Jaffray, Overstock.com and American
Airlines arrive Monday, complementing data on March retail sales and February
business inventories. Yahoo!, Coca-Cola, Intel and Charles Schwab report
quarterly results Tuesday, which is also when the March CPI and the April
NAHB housing market index appear. Wednesday offers a new Beige Book and a
report on March industrial output from the Federal Reserve, Census Bureau
data on March housing starts and building permits, and earnings from IBM,
Google, SanDisk, US Bancorp, American Express, Bank of America, First
Republic Bank, PNC and Kinder Morgan. Thursday, earnings from Philip Morris, BlackRock,
AutoNation, Mattel, Fifth Third, Chipotle, Morgan Stanley, General Electric,
Honeywell, BB&T, UnitedHealth, Sherwin Williams, Union Pacific and
PepsiCo appear along with new initial claims numbers; the bond market will
close early. March 18 is Good Friday: U.S. financial markets will be closed,
and no economic data or major earnings news will be released.
Sources: USATODAY.com, bigcharts.com, treasury.gov - 4/11/145,6,7,8
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
MarketingPro, 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/2014-04-11/michigan-u-s-sentiment-index-increased-to-82-6-in-april-from-80.html
[4/11/14]
2 - investing.com/economic-calendar/ [4/11/14]
3 - proactiveinvestors.com/companies/news/53395/gold-up-12-for-the-week-oil-picks-up-26-palladium-hits-2011-high-53395.html
[4/11/14]
4 - google.com/finance?q=INDEXSP%3A.INX&ei=11VIU_C8JaXLiQKgzgE
[4/11/14]
5 - usatoday.com/money/markets/overview/ [4/11/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=4%2F11%2F13&x=0&y=0
[4/11/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=4%2F11%2F13&x=0&y=0
[4/11/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=4%2F11%2F13&x=0&y=0
[4/11/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=4%2F9%2F09&x=0&y=0
[4/11/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=4%2F9%2F09&x=0&y=0
[4/11/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=4%2F9%2F09&x=0&y=0
[4/11/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=4%2F12%2F04&x=0&y=0
[4/11/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=4%2F12%2F04&x=0&y=0
[4/11/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=4%2F12%2F04&x=0&y=0
[4/11/14]
7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[4/11/14]
8 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[4/11/14]
|
|||||||||||||||||||||||||||||||
Tuesday, April 15, 2014
Economic Update for the week of April 15th, 2014
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment