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WEEKLY QUOTE
“The
secret of getting ahead is getting started.”
-
Mark Twain
WEEKLY TIP
Sometimes
blood relatives will try and challenge a will left by one member of an
unmarried couple. This is why it is often a good idea for unmarried couples
to videotape their last wishes with an attorney present.
WEEKLY RIDDLE
A
word appears, and six letters it contains. Subtract only one, then twelve
remains. What is this word?
Last week’s riddle:
James has two kids. If the eldest is a girl, what are the chances
that the youngest is also a girl?
Last week’s answer:
Fifty percent.
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May 20, 2014
IS THE PRODUCER PRICE INDEX SENDING A
MESSAGE?
Wholesale prices climbed 0.6% in April according to Labor
Department data. That tripled the increase projected by economists polled by
MarketWatch, and it took the annual advance in the PPI to 2.1%, a two-year
peak. The PPI also pushed north 0.5% in March, so higher consumer prices could
be directly ahead. In April, consumer prices rose 0.3%; that gain matched the
MarketWatch consensus forecast.1,2
RETAIL SALES BARELY RISE
Warmer weather didn’t prompt shoppers to boost their
spending. The 0.1% April advance was a letdown following March’s 1.5%
improvement. Minus auto buying, retail sales were flat last month.1
HOUSEHOLD SENTIMENT GAUGE DECLINES
With a reading of 81.8, the University of Michigan’s
initial May consumer sentiment index slipped 2.3 points from its final April
mark. Analysts polled by MarketWatch had
predicted a slight rise in the index to 85.0.1,3
SPRING BRINGS MORE GROUNDBREAKING
Housing starts were up 13.2% in April, paced by a 39.6%
jump in multifamily starts. The Census Bureau’s monthly report also showed an
8.0% increase in building permits for April; they reached a level unseen
since June 2008.3
NASDAQ FARES BEST DURING A CHOPPY WEEK
The
mood of Wall Street changed frequently last week, yet the tech-heavy
benchmark managed to rise 0.50% to a Friday close of 4,090.59. Retreating
just 0.03% on the week, the S&P 500 settled Friday at 1,877.86. The Dow
lost 0.60% in five days to close at 16,491.31 Friday.4
THIS WEEK: Wall
Street considers earnings from Urban Outfitters, Sport Chalet, Pandora and
Campbell Soup on Monday. Tuesday brings quarterly results from TJX, Red
Robin, Intuit, Salesforce, Dick’s Sporting Goods and Staples. Minutes from
the April 30 Federal Reserve policy meeting arrive Wednesday, complementing
earnings from Hewlett-Packard, Goodyear, L Brands, Hormel and NetApp. Thursday
offers the April existing home sales report from NAR, a new initial
unemployment claims report, the Conference Board’s April index of leading
indicators and earnings from Best Buy, GameStop and Perry Ellis. On Friday, the
Census Bureau releases April new home sales data.
Sources: USATODAY.com, bigcharts.com, treasury.gov - 5/16/145,6,7,8
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 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 - marketwatch.com/economy-politics/calendars/economic [5/16/14]
2 - azcentral.com/story/money/business/2014/05/14/us-producer-prices-jumped-percent-april/2138956/
[5/14/14]
3 - tinyurl.com/kgl7rzl
[5/16/14]
4 - money.msn.com/business-news/article.aspx?feed=OBR&date=20140516&id=17594831
[5/16/14]
5 - usatoday.com/money/markets/overview/ [5/16/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=5%2F16%2F13&x=0&y=0
[5/16/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=5%2F16%2F13&x=0&y=0
[5/16/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=5%2F16%2F13&x=0&y=0
[5/16/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=5%2F15%2F09&x=0&y=0
[5/16/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=5%2F15%2F09&x=0&y=0
[5/16/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=5%2F15%2F09&x=0&y=0
[5/16/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=5%2F17%2F04&x=0&y=0
[5/16/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=5%2F17%2F04&x=0&y=0
[5/16/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=5%2F17%2F04&x=0&y=0
[5/16/14]
7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[5/16/14]
8 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[5/16/14]
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Tuesday, May 20, 2014
Economic update for the week of May 20th, 2014
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