|
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WEEKLY QUOTE
“Great
works are performed not by strength, but perseverance.”
- Samuel Johnson
WEEKLY TIP
A
mental trick to help you build your emergency fund: treat it like a bill that
you have to pay each month, and make a corresponding monthly “payment” to it.
WEEKLY RIDDLE
Three
playing cards lie face down on a table. A jack is to the left of a queen. To
the left of a spade is a diamond. A king is left of a heart. A spade is right
of a king. What are the three cards?
Last week’s riddle:
When I change my jacket, I make a loud noise and become larger,
but I weigh less. What am I?
Last week’s answer:
Popcorn.
|
June 24,
2014
INFLATION PICKS UP
The Consumer Price Index increased 0.4% in May – the
biggest monthly rise in over a year, with food prices up 0.5%. Labor
Department data showed the core CPI (minus energy and food prices) up 0.3%
for May; that was its largest monthly advance since August 2011. All this put
the annualized gain in the headline CPI at 2.1% and the yearly gain in core
CPI at 2.0%. Analysts polled by Reuters thought the overall CPI would
increase 0.2% last month. The turmoil in Iraq could help to drive consumer
prices higher this summer.1
MAY SEES LESS NEW RESIDENTIAL
CONSTRUCTION
Reduced home buying eventually means reduced
groundbreaking. May’s housing numbers from the Census Bureau reflected that –
housing starts slipped 6.5% last month while building permits fell 6.4%.
Housing starts are still maintaining a million-unit seasonally adjusted annual
pace.1
OIL SETTLES AT A 9-MONTH HIGH
$107.26 a barrel – that was where NYMEX crude for July
delivery closed at Friday. Even so, prices leveled off last week as ISIS
insurgents in Iraq remained far away from Basra, that country’s hub for oil exports.2
WILL THE DOW REACH 17,000 THIS WEEK?
At
Friday’s close, the blue chips stood at 16,947.08. The Dow rose another 1.02%
last week, and its 5-day gain was surpassed by the advances of the Nasdaq (+1.33%
to 4,368.04) and the S&P 500 (1.37% to 1,962.87). Investors were
encouraged by the Federal Reserve: the Federal Open Market Committee predictably
elected to make another $10 billion cut to QE3 for July and expressed
confidence that the economy was improving in its Wednesday policy statement,
even as it cut its projections for 2014 growth slightly to 2.1%.3,4,5
THIS WEEK: The NAR
releases its May existing home sales report Monday. On Tuesday, the Conference
Board’s June consumer confidence index, the Census Bureau’s May new home
sales report and the April S&P/Case-Shiller home price index all arrive,
along with quarterly results from Walgreens. The last federal government
estimate of Q1 GDP appears Wednesday, plus the Census Bureau’s May report on
durable goods orders and earnings from Bed Bath & Beyond, Lennar, General
Mills and Monsanto. Thursday brings May consumer spending data from the
Commerce Department, the latest initial jobless claims figures and earnings
announcements from Nike, ConAgra Foods and Accenture. Friday sees the release
of the University of Michigan’s final June consumer sentiment index.
Sources: USATODAY.com, bigcharts.com, treasury.gov - 6/20/145,6,7,8
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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free to forward this article to family, friends or colleagues.
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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 - tinyurl.com/pkdpugh
[6/17/14]
2 - marketwatch.com/story/brent-slips-below-115-as-iraq-worries-simmer-2014-06-20
[6/20/14]
3 - google.com/finance?q=INDEXDJX%3A.DJI&ei=Aa-kU7C5O6SxsgezkIHQDA
[6/20/14]
4 - cbsnews.com/news/federal-reserve-tapers-by-another-10-billion/
[6/18/14]
5 - usatoday.com/money/markets/overview/ [6/20/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=6%2F20%2F13&x=0&y=0
[6/20/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=6%2F20%2F13&x=0&y=0
[6/20/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=6%2F20%2F13&x=0&y=0
[6/20/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=6%2F19%2F09&x=0&y=0
[6/20/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=6%2F19%2F09&x=0&y=0
[6/20/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=6%2F19%2F09&x=0&y=0
[6/20/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=6%2F21%2F04&x=0&y=0
[6/20/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=6%2F21%2F04&x=0&y=0
[6/20/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=6%2F21%2F04&x=0&y=0
[6/20/14]
7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[6/20/14]
8 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[6/20/14]
|
Tuesday, June 24, 2014
Economic Update for the week of June 24th, 2014
Tuesday, June 17, 2014
Economic Update for the week of June 17th, 2014
|
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WEEKLY QUOTE
“Success
is often the result of taking a misstep in the right direction.”
-
Al Bernstein
WEEKLY TIP
Sooner
or later, many of us end up paying for services we no longer need. Saying
goodbye to those services means quick savings.
WEEKLY RIDDLE
When
I change my jacket, I make a loud noise and become larger, but I weigh less. What
am I?
Last week’s riddle:
I run but never walk, often murmur, never talk, have a bed and
never sleep, have a mouth and never eat. What am I?
Last week’s answer:
A river.
|
June 17,
2014
UNREST IN IRAQ SENDS OIL TOWARD $107
NYMEX crude settled at $106.91 Friday, up 4.1% for the
week in reaction to the Sunni-led ISIS militant movement seizing control of
Mosul and other cities in northern and eastern Iraq. It was oil’s biggest
weekly spike since December. While the price of unleaded gasoline fell a cent
for the week to $3.65 a gallon according to AAA, a short-term increase seems
imminent. Iraqi oil supplies were not seriously impacted as of the weekend:
most oil production in Iraq occurs in the nation’s southern half, and Iraq hasn’t
exported oil from its northern regions since March.1,2
RETAIL SALES, SENTIMENT INDEX
UNDERWHELM
U.S. retail sales rose 0.3% in May, beneath the 0.7% gain
forecast economists polled by the Wall
Street Journal. With car buying and gasoline purchases factored out, they
were actually flat for the month. (In better news, the Commerce Department
revised April’s retail sales increase north to 0.5% and sales are up 4.3% in
the past 12 months.) If consumer purchasing was a bit disappointing, so was
the University of Michigan’s initial June index of consumer sentiment, which
fell from its previous level of 81.9 to 81.2.3,4
PRODUCER PRICES RETREAT
The Producer Price Index pulled back 0.2% for May, its
largest decline since October; the core PPI dipped 0.1% for May. Bureau of
Labor Statistics data shows both the headline and core PPI up 2.0% in the
past 12 months, however.4
S&P 500 SNAPS ITS 3-WEEK WINNING
STREAK
Anxieties
about Iraq and subpar economic indicators took the tailwind from the market
last week. Friday’s trading day ended with the S&P at 1,936.16, the
Nasdaq at 4,310.65 and the Dow at 16,775.74. Across five days, the S&P
retreated 0.68%, the Nasdaq 0.25% and the Dow 0.88%.5
THIS WEEK: Monday brings
the federal government’s report on May industrial output. On Tuesday, the
Bureau of Labor Statistics issues the May Consumer Price Index, the Census
Bureau releases its report on May housing starts and building permits and
Adobe and Mitel report earnings. The Federal Reserve wraps up a policy
meeting Wednesday, with a press conference to follow; Wall Street will also
consider quarterly results from Red Hat and FedEx. Thursday, a new Conference
Board leading indicator index arrives along with the latest initial claims figures
and earnings from Oracle, Kroger, Smith & Wesson and BlackBerry. Darden
Restaurants and CarMax announce earnings Friday.
Sources: USATODAY.com, bigcharts.com, treasury.gov - 6/13/146,7,8,9
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 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/story/oil-futures-tally-biggest-weekly-gain-of-the-year-2014-06-13
[6/13/14]
2 - marketwatch.com/story/oil-rises-to-9-month-high-as-iraq-violence-weighs-2014-06-13
[6/13/14]
3 - nasdaq.com/article/us-retail-sales-rose-03-in-may-20140612-00395
[6/12/14]
4 - investing.com/economic-calendar/
[6/13/14]
5 - thestreet.com/story/12744298/1/earlier-market-losses-end-3-week-winning-streak.html
[6/13/14]
6 - usatoday.com/money/markets/overview/ [6/13/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=6%2F13%2F13&x=0&y=0
[6/13/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=6%2F13%2F13&x=0&y=0
[6/13/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=6%2F13%2F13&x=0&y=0
[6/13/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=6%2F12%2F09&x=0&y=0
[6/13/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=6%2F12%2F09&x=0&y=0
[6/13/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=6%2F12%2F09&x=0&y=0
[6/13/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=6%2F14%2F04&x=0&y=0
[6/13/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=6%2F14%2F04&x=0&y=0
[6/13/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=6%2F14%2F04&x=0&y=0
[6/13/14]
8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[6/13/14]
9 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[6/13/14]
|
Tuesday, June 10, 2014
Economic Update for the week of June 10th, 2014
|
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WEEKLY QUOTE
“That
some achieve great success is proof to all that others can achieve it as well.”
-
Abraham Lincoln
WEEKLY TIP
Is
it rude to negotiate a discount for goods or services? It happens more often
than you may think. Buying in bulk and arranging long-term agreements are
keys.
WEEKLY RIDDLE
I
run but never walk, often murmur, never talk, have a bed and never sleep,
have a mouth and never eat. What am I?
Last week’s riddle:
What can go down a chimney when it is down, but can’t go up
through a chimney when it is up?
Last week’s answer:
An umbrella.
|
June 10, 2014
HIRING CORRESPONDS TO EXPECTATIONS
Employers added 217,000 new jobs in May, just 1,000 less
than analysts polled by Reuters had forecast. Over the past year, payrolls
have expanded by average of 197,000 new hires a month. The jobless rate remained
at 6.3% in May, but the U-6 rate (the unemployed + the underemployed) sank to
12.2%, a low unseen since October 2008.1
SERVICE SECTOR EXPANDS AT A FASTER PACE
At 56.3, the Institute for Supply Management’s
non-manufacturing purchasing manager index rose 1.1 points to hit a 10-month
high in May. ISM corrected its May manufacturing PMI twice last Tuesday; the
final reading was at 55.4, up half a point from April’s mark. May also
brought a 0.7% improvement in factory orders, following a (revised) 1.5% gain
for April.2,3
PRECIOUS METALS RISE, OIL STAYS FLAT
Silver futures rose 1.7% last week on the COMEX, ending
the week at $18.99 an ounce. Five days of trading left gold futures 0.5%
higher at $1,252.50 an ounce at Friday’s close. In base metals, copper
slipped 2.3%. As for NYMEX crude, it declined just 0.05% for the week to
$102.66 a barrel.4,5
SUSTAINED CONFIDENCE ON WALL STREET
The
market seems to have regained some momentum of late. At the closing bell
Friday, the S&P 500 settled at 1,949.44, the Dow at 16,924.28. Respective
weekly gains of 1.27% and 1.16% sent them to those levels. The Nasdaq rose
1.86% across five days, ending the week at 4,321.40.6
THIS WEEK: Monday
brings a Commerce Department report on May wholesale inventories and Q1
results from Hertz and Casey’s General Stores. On Tuesday, Radio Shack
reports earnings. Wednesday sees the Commerce Department release May retail
sales figures and data on April business stockpiles; investors will also
consider earnings from H&R Block. The University of Michigan’s
preliminary June consumer sentiment index arrives Thursday, along with the
May PPI, a new initial jobless claims report and earnings from Lululemon
Athletica. Nothing major is slated stateside for Friday, but Wall Street will
interpret China’s latest retail sales and industrial production reports.
Sources: USATODAY.com, bigcharts.com, treasury.gov - 6/6/147,8,9,10
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 - tinyurl.com/mtm6eto
[6/6/14]
2 - ism.ws/ISMReport/NonMfgROB.cfm
[6/4/14]
3 - investing.com/economic-calendar/
[6/6/14]
4 - proactiveinvestors.com/companies/news/54617/gold-up-05-for-week-oil-settles-above-102-54617.html
[6/6/14]
5 - money.cnn.com/data/commodities/ [6/6/14]
6 - fxstreet.com/news/forex-news/article.aspx?storyid=ac79bdcc-38d8-4531-94da-147b5408ec3a
[6/6/14]
7 - usatoday.com/money/markets/overview/ [6/6/14]
8 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=6%2F6%2F13&x=0&y=0
[6/6/14]
8 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=6%2F6%2F13&x=0&y=0
[6/6/14]
8 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=6%2F6%2F13&x=0&y=0
[6/6/14]
8 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=6%2F5%2F09&x=0&y=0
[6/6/14]
8 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=6%2F5%2F09&x=0&y=0
[6/6/14]
8 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=6%2F5%2F09&x=0&y=0
[6/6/14]
8 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=6%2F7%2F04&x=0&y=0
[6/6/14]
8 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=6%2F7%2F04&x=0&y=0
[6/6/14]
8 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=6%2F7%2F04&x=0&y=0
[6/6/14]
9 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[6/6/14]
10 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[6/6/14]
|
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