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WEEKLY QUOTE
“Never
fight an inanimate object.”
- P.J. O’Rourke
WEEKLY TIP
A
mental trick you can use to encourage consistent retirement saving: think of
your monthly retirement plan contribution like a bill you need to pay.
WEEKLY RIDDLE
When
I lose my jacket, I become larger and louder – but I also weigh a little less.
What am I?
Last week’s riddle:
It has a thumb and four fingers, but isn’t alive. What could it
be?
Last week’s answer:
A glove.
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October 21,
2014
CONSUMER SENTIMENT: A PLEASANT SURPRISE
Ebola
fears and a choppy stock market haven’t quite rattled household optimism. At
a reading of 86.4 (its highest in more than seven years), the University of
Michigan’s initial October consumer sentiment index confounded analysts who
expected a decrease from September’s final 84.6 mark. Consensus forecasts
from MarketWatch and Briefing.com both predicted a retreat to 83.5.
September’s 0.3% slip in retail sales remained a consumer question mark,
especially after August’s 0.6% gain.1,2
U.S. INDUSTRIAL OUTPUT RISES 1.0%
September’s gain doubled the forecast from Briefing.com and
more than made up for the 0.2% August dip. Elsewhere on the factory front,
the September edition of the Producer Price Index retreated 0.1% with the
core PPI being flat.3
HOUSING STARTS & BUILDING PERMITS
INCREASE
The Census Bureau announced a 1.5% rise in building
permits for September plus a 6.3% improvement in groundbreaking. The latter
gain put the annualized rate for housing starts back above the 1 million
level.1
DOW ENDS WILD WEEK WITH 263-POINT
ADVANCE
Even with Friday’s huge gain, the blue chips fell 0.99%
across five days to 16,380.41. The week also saw retreats for the NASDAQ
(0.42% to 4,258.44) and S&P 500 (1.02% to 1,886.76).4
THIS WEEK: Monday,
Wall Street considers earnings from Apple, Chipotle, IBM, Boise Cascade,
Gannett, Halliburton, Texas Instruments and Hasbro. September existing home
sales numbers and China’s Q3 GDP reading appear Tuesday, plus earnings from Coca-Cola,
E*TRADE, Lockheed Martin, Harley-Davidson, Verizon, Yahoo!, Whirlpool, RadioShack,
Kimberly-Clark, Six Flags Entertainment and McDonald’s. The September CPI
emerges Wednesday, along with earnings from Stanley Black & Decker, AT&T,
Abbott Labs, U.S. Bancorp, General Dynamics, Boeing, Equifax, Dow Chemical,
GlaxoSmithKline, Norfolk Southern, Northrop Grumman, Wynn Resorts, Xerox and
Yelp. On Thursday, the market studies a new Conference Board LEI index, new
initial claims figures and earnings from Comcast, IMAX, 3M,
AllianceBernstein, Credit Suisse, Dr. Pepper Snapple, Amazon.com,
Caterpillar, Eli Lilly, Dolby Labs, Dunkin Brands, General Motors, JetBlue,
Pandora, Microsoft, Nielsen, Nokia, Occidental Petroleum, PulteGroup,
Raytheon and Southwest Airlines. Friday, September’s new home sales report joins
earnings from Ford Motor Co., UPS, Choice Hotels, Magellan Health, Omnicare,
Procter & Gamble, State Street, Bristol Myers Squibb, Colgate-Palmolive,
and Avery Dennison.
Sources: online.wsj.com, bigcharts.com, treasury.gov - 10/17/145,6,7,8
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 - nasdaq.com/article/dollar-gains-ground-on-upbeat-consumer-sentiment-data-cm403255
[10/17/14]
2 - marketwatch.com/economy-politics/calendars/economic [10/17/14]
3 - briefing.com/investor/calendars/economic/2014/10/13-17 [10/17/14]
4 - markets.on.nytimes.com/research/markets/usmarkets/usmarkets.asp
[10/17/14]
5 - markets.wsj.com/us [10/17/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=10%2F17%2F13&x=0&y=0
[10/17/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=10%2F17%2F13&x=0&y=0
[10/17/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=10%2F17%2F13&x=0&y=0
[10/17/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=10%2F16%2F09&x=0&y=0
[10/17/14]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=10%2F16%2F09&x=0&y=0
[10/17/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=10%2F16%2F09&x=0&y=0
[10/17/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=10%2F18%2F04&x=0&y=0
[10/17/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=10%2F18%2F04&x=0&y=0
[10/17/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=10%2F18%2F04&x=0&y=0
[10/17/14]
7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[10/17/14]
8 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[10/17/14]
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Tuesday, October 21, 2014
Economic Update for the week of October 21st, 2014
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