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WEEKLY QUOTE
“You
don’t deteriorate from age, you age from deterioration.”
- Joe Weider
WEEKLY TIP
If
you have served in our armed forces for 3+ years since 9/11, you can draw on the
Post-9/11 GI Bill to pay for up to 4 years of in-state tuition and fees at a
public college and as much as $17,500 per year of education costs at a
private one. You may even be able to transfer those benefits to your spouse
or kids if you have served this country for an extended period.
WEEKLY RIDDLE
What
starts with P and ends with E and has thousands of letters in it?
Last week’s riddle:
When I lose my jacket, I become larger and louder – but I also
weigh a little less. What am I?
Last week’s answer:
Popcorn.
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October 28,
2014
GAINS IN NEW & EXISTING HOME SALES
According
to the National Association of Realtors, the pace of resales improved 2.4% in
September. NAR reported fewer sales of distressed properties and more home
sales to families versus investors. The Census Bureau measured only a 0.2% rise
in new home buying last month, but a 17.0% annualized advance.1
LITTLE INFLATION PRESSURE, LESS
PRESSURE ON FED
September
saw both the headline and core Consumer Price Index rise
0.1%, putting the yearly gain for each at 1.7%. If
inflation continues to be so mild, the Federal Reserve may choose to stand
pat on interest rates well into 2015. Food prices are up 3.0% over the past year,
but energy prices have fallen 0.6%.2
LEADING INDICATORS STAGE SEPTEMBER
CLIMB
The Conference Board’s Leading Economic Index rose 0.8% last
month to 104.4 after a flat August, suggesting solid Q4 economic growth. It rose 1.1% back in
July.3
STOCKS SURGE 4% IN A WEEK
Earnings beat forecasts, and investors bought back in: in
five days, the S&P 500 rose 4.12% to 1,964.58, the Dow 2.59% to 16,805.41
and the Nasdaq 5.29% to 4,483.72.4
THIS WEEK: The NAR issues
a new pending home sales report Monday, joining earnings from Allergan,
Amgen, Burger King, Omega Healthcare, T-Mobile, Twitter, Merck, HealthSouth
and Eastman Kodak. Tuesday offers the August Case-Shiller home price index, a
new Conference Board consumer confidence index, September hard goods orders and
earnings from Aetna, Aflac, Anadarko Petroleum, Ameriprise, Cummins, U.S.
Steel, Whirlpool, BP, AutoNation, UBS, Macerich, Martin Marietta, Novartis,
Panera, Marriott, Coach, Sirius XM, PG&E, Sherwin-Williams, Starwood
Hotels, Spirit Airlines, Pfizer and Electronic Arts. The Federal Reserve makes
a policy statement Wednesday, and Avis, Baidu, Kraft, Deutsche Bank, Hershey,
Hyatt, Sodastream, WellPoint, Waste Management, VISA, Revlon, Goodyear,
Kraft, LG, MetLife, Norwegian Cruises, LifeLock, Ralph Lauren, CBRE, Garmin
and Barrick Gold all release earnings. Thursday brings a first estimate of Q3
GDP, a speech by Janet Yellen at a Fed conference, a new initial claims
report and earnings from Altria, Avon, Constellation Software, Expedia,
Fluor, Samsung, Royal Dutch Shell, GoPro, ConocoPhillips, Marathon Petroleum,
Public Storage, Starbucks, Mosaic, Newmont Mining, CME, Groupon, MasterCard, Tesoro,
Time Warner Cable, Cigna, Kellogg, Live Nation and LinkedIn. Friday, September’s
personal spending report and the final University of Michigan consumer
sentiment index appear along with earnings from Chevron, Clorox, Exxon Mobil,
Hilton and Weyerhaeuser.
Sources: online.wsj.com, bigcharts.com, treasury.gov - 10/24/145,6,7,8
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 - csmonitor.com/Business/new-economy/2014/1024/New-home-sales-inch-up-to-a-six-year-high-in-September
[10/24/14]
2 - 247wallst.com/economy/2014/10/22/september-cpi-avoids-deflation-fears/
[10/22/14]
3 - conference-board.org/data/bcicountry.cfm?cid=1 [10/23/14]
4 - markets.on.nytimes.com/research/markets/usmarkets/usmarkets.asp
[10/24/14]
5 - markets.wsj.com/us [10/24/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=10%2F24%2F13&x=0&y=0
[10/24/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=10%2F24%2F13&x=0&y=0
[10/24/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=10%2F24%2F13&x=0&y=0
[10/24/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=10%2F23%2F09&x=0&y=0
[10/24/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=10%2F23%2F09&x=0&y=0
[10/24/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=10%2F23%2F09&x=0&y=0
[10/24/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=10%2F25%2F04&x=0&y=0
[10/24/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=10%2F25%2F04&x=0&y=0
[10/24/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=10%2F25%2F04&x=0&y=0
[10/24/14]
7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[10/24/14]
8 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[10/24/14]
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Tuesday, October 28, 2014
Economic Update for the week of October 28th, 2014
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