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WEEKLY QUOTE
“Let
no man imagine that he has no influence. Whoever he may be, and wherever he
may be placed, the man who thinks becomes a light and a power.”
- Henry George
WEEKLY TIP
Refrain
from dipping into your retirement savings to pay college costs for your children.
You don’t see any retirement scholarships or retirement financial aid out
there.
WEEKLY RIDDLE
The
more of these you take, the more of these you will likely leave behind. What
are they?
Last week’s riddle:
My three eyes blink, and I give you commands. Although I can’t
see, the changing colors in me prompt you to obey me with your wheels, feet
and hands. What am I?
Last week’s answer:
A traffic light.
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November 18,
2014
RETAIL SALES REBOUND FROM SEPTEMBER
SLUMP
The
0.3% October gain announced by the Commerce Department exactly offset the
September decline. Below the headline number, core retail sales (minus auto
buying) also rose 0.3% last month. Sales increased in 11 of 13 categories;
online retailers saw a 1.9% boost to lead the pack. Annually, overall retail
sales were up 4.1% from last October.1,2
MOOD OF U.S. HOUSEHOLDS BRIGHTENS
November’s
initial University of Michigan consumer sentiment index came in at 89.4 on
Friday – the best reading since July 2007. This represents a return to
normal, in a sense – the index averaged a reading of 89 in the five years
preceding the Great Recession. Economists polled by Bloomberg had anticipated
only a minor rise to 87.5 from the final October mark of 86.9.1
CRUDE, GOLD & SILVER RALLY ON
FRIDAY
Rising 2.1% on the COMEX trading day, gold ended the week
at $1,185.60 an ounce, its best price since October 30. Silver futures
climbed 4.4% Friday to a close of $16.31. NYMEX crude settled at $75.20, up
1.4% on the day with some investors sensing that OPEC may move to reduce
output.3
S&P 500 SEES FOURTH STRAIGHT WEEK
OF GAINS
Across five trading days without any momentous market
swings, the index rose another 0.39% to a Friday settlement of 2,039.82. The Nasdaq
(+1.21% to 4,688.54) and Dow (+0.36% to 17,634.74) also advanced during the
week.4,5
THIS WEEK: Monday, Urban
Outfitters and Tyson Foods report quarterly results; the Federal Reserve’s
report on October industrial output also arrives. October’s Produce Price
Index comes out Tuesday, plus earnings from Home Depot, TJX, PetSmart and La-Z-Boy.
Minutes from last month’s Federal Reserve policy meeting appear on Wednesday,
along with earnings from Keurig Green Mountain, Lowe’s, Target, J. M.
Smucker, L Brands, Staples and Williams-Sonoma; additionally, the Census
Bureau issues its report on October housing starts and building permits. Thursday,
Wall Street considers the October Consumer Price Index, the October edition
of the Conference Board’s leading indicator index, data on October existing
home sales and earnings from Best Buy, Perry Ellis, Gap Inc. and Dollar Tree.
Nothing major is scheduled for Friday.
Sources: online.wsj.com, bigcharts.com, treasury.gov - 11/14/145,6,7,8
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 - bloomberg.com/news/2014-11-14/michigan-u-s-consumer-sentiment-index-rises-to-89-4-from-86-9.html
[11/14/14]
2 - haver.com/ [11/14/14]
3 - proactiveinvestors.com/companies/news/58175/gold-rallies-21-to-end-at-1185-wti-gains-14-to-7520-58175.html
[11/14/14]
4 - fxstreet.com/news/forex-news/article.aspx?storyid=96804df6-0d9b-49b8-bc32-679c8bfed2c9
[11/14/14]
5 - markets.wsj.com/us [11/14/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=11%2F14%2F13&x=0&y=0
[11/14/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=11%2F14%2F13&x=0&y=0
[11/14/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=11%2F14%2F13&x=0&y=0
[11/14/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=11%2F13%2F09&x=0&y=0
[11/14/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=11%2F13%2F09&x=0&y=0
[11/14/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=11%2F13%2F09&x=0&y=0
[11/14/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=11%2F15%2F04&x=0&y=0
[11/14/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=11%2F15%2F04&x=0&y=0
[11/14/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=11%2F15%2F04&x=0&y=0
[11/14/14]
7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[11/14/14]
8 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[11/14/14]
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Tuesday, November 18, 2014
Economic Update for the week of Nov. 18th, 2014
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