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WEEKLY QUOTE
“I
can’t give you a sure-fire formula for success, but I can give you a formula
for failure: try to please everybody all the time.”
- H.B. Swope
WEEKLY TIP
When
was the last time you reviewed the beneficiary designations on your
investment accounts, insurance policies and retirement plans? Now is as good
a time as any to do so.
WEEKLY RIDDLE
You
can separate them with a word, yet they are mostly inseparable. What are they?
Last week’s riddle:
What starts with P and ends with E and has thousands of letters
in it?
Last week’s answer:
A post office.
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November 4,
2014
Q3 GDP IMPRESSES, PERSONAL SPENDING DECLINES
Good
news: America’s economy expanded 3.5% in the third quarter. The Commerce
Department’s initial estimate topped the 3.1% consensus forecast of economists
polled by MarketWatch, and offset September retreats in overall hard goods
orders (1.3%) and personal spending (0.2%). Personal incomes rose 0.2% last
month, the least since December; the dip in consumer spending was the first
since January.1,2
CONSUMER SENTIMENT: A TRULY POSITIVE 12
MONTHS
The
Conference Board’s October consumer confidence index vaulted over analyst
predictions with a 94.5 reading. A year ago, it was at 71.2. Rising 2.3
points during the month, the University of Michigan’s consumer sentiment
index came in at a final October mark of 86.9 (compare that with 73.2 in
October 2013).3
BETTER NEWS FOR PENDING HOME SALES
They were up 0.3% in September, according to the National
Association of Realtors. After a 1.0% dip for August, that headline
was welcome. August’s S&P/Case-Shiller Home Price Index showed a 5.6%
yearly overall gain in home values.1
RALLY CONTINUES, WITH HELP FROM JAPAN
As the Federal Reserve ended QE3, the Bank of Japan ramped
up its easing efforts in a surprise announcement. This made the week even
sweeter for investors, with the major indices logging the following 5-day
gains: Dow, 3.48% to 17,390.52; S&P 500, 2.72% to 2,018.05; Nasdaq, 3.28%
to 4,630.74. October 27-31 represented the Dow’s best week in two years.2,4
THIS WEEK: ISM
releases its October manufacturing PMI Monday; factory PMIs for China and the
euro area also arrive, plus earnings news from Marathon Oil, Sprint,
Alleghany, Nautilus, Herbalife and Loews. On Tuesday, September factory
orders data complements earnings from Alibaba, Michael Kors, International
Paper, Archer-Daniels-Midland, Motorola Solutions, Office Depot, Time, 21st
Century Fox, WestJet and Valero Energy. Wednesday offers ISM’s service sector
PMI, the latest ADP employment report and earnings from Tesla, Toyota,
Sunoco, Tim Hortons, Zillow, News Corp., Chesapeake Energy and Whole Foods. Thursday,
the October Challenger job-cuts report and the latest initial claims figures arrive,
EU finance ministers meet and earnings emerge from Lions Gate Entertainment,
Molson Coors, Orbitz, AOL, Wendy’s, Walt Disney and Zynga. The Labor
Department issues its October jobs report Friday; in addition, Fed chair
Janet Yellen speaks on monetary policy in Paris, and Scripps Co. and Humana present
Q3 results.
Sources: online.wsj.com, bigcharts.com, treasury.gov - 10/31/145,6,7,8
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 [10/31/14]
2 - foxbusiness.com/markets/2014/10/31/bank-japan-delivers-halloween-treat-for-wall-street/
[10/31/14]
3 - investing.com/economic-calendar/ [10/31/14]
4 - markets.on.nytimes.com/research/markets/usmarkets/usmarkets.asp
[10/31/14]
5 - markets.wsj.com/us [10/31/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=10%2F31%2F13&x=0&y=0
[10/31/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=10%2F31%2F13&x=0&y=0
[10/31/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=10%2F31%2F13&x=0&y=0
[10/31/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=10%2F30%2F09&x=0&y=0
[10/31/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=10%2F30%2F09&x=0&y=0
[10/31/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=10%2F30%2F09&x=0&y=0
[10/31/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=11%2F1%2F04&x=0&y=0
[10/31/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=11%2F1%2F04&x=0&y=0
[10/31/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=11%2F1%2F04&x=0&y=0
[10/31/14]
7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[10/31/14]
8 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[10/31/14]
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Tuesday, November 4, 2014
Economic Update for the week of November 4th, 2014
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