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WEEKLY QUOTE
“Anger
makes dull men witty, but it keeps them poor.”
- Queen Elizabeth I
WEEKLY TIP
A
credit card’s 0% APR interest is not necessarily set in stone. A missed
monthly payment may lead to it being rescinded.
WEEKLY RIDDLE
Brothers
and sisters, I have none, but this man's father is my father's son. Who am I
talking about?
Last week’s riddle:
Olivia throws a softball as hard as she can, and even though it
doesn’t touch anything and nobody touches it, the softball comes right back
to her. How is this possible?
Last week’s answer:
She throws it straight up in the
air.
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December 15,
2014
AMERICANS BUY MORE, SENTIMENT INDEX
SOARS
Commerce
Department data showed retail sales jumping 0.7% for November – the best
monthly advance recorded in a year. More good news came from the University
of Michigan – its initial December consumer sentiment index came in at 93.8,
way up from 88.8 at the end of last month. The improvement may reflect relief
at falling gas prices as well as added belief in the economy.1
WHEN WILL OIL HIT BOTTOM?
Last week saw the International Energy Agency lower its
estimates for 2015 global oil demand, and so NYMEX crude for January delivery
finished Friday’s trading day at just $57.81 a barrel. At Friday’s close, oil
was down 12.94% MTD and 25.90% over the past 30 days. COMEX gold futures, on
the other hand, were up 4.75% MTD and settled at $1,222.50 Friday.2,3
WHOLESALE PRICES DIP
The Producer Price Index is yet another indicator affected
by cheap oil. It
declined 0.2% in November, taking the annualized gain
down to 1.4%. The core PPI was flat last month and up 1.8% in a year.1
CRUDE PRICES DRAG DOWN STOCK PRICES
Bears freely roamed Wall Street last week, with a major
selloff occurring Friday. In fact, December 8-12 represented the worst week for
the Dow since 2011. The 5-day losses across the major indices were severe:
DJIA, 3.78% to 17,280.83; S&P, 3.52% to 2,002.33; NASDAQ, 2.66% to
4,653.60.2,4
THIS WEEK: On Monday,
VeriFone reports Q3 results. Tuesday offers a report on November housing
starts and building permits and earnings from Darden Restaurants. Wednesday
is busier: the Federal Reserve makes a policy statement, the November CPI and
the latest euro area CPI arrive, and Carnival, Oracle, FedEx, General Mills
and Jabil Circuit report earnings. Thursday, earnings from Rite Aid,
Winnebago Industries, Nike, Accenture, Red Hat and ConAgra Foods complement a
new report on initial jobless claims. Friday, BlackBerry reports earnings.
Sources: online.wsj.com, bigcharts.com, treasury.gov - 12/12/145,6,7,8
Indices
are unmanaged, do not incur fees or expenses, and cannot be invested into
directly. These returns do not include dividends. 10-year TIPS real yield =
projected return at maturity given expected inflation.
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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 - investing.com/economic-calendar/ [12/12/14]
2 - proactiveinvestors.com/companies/news/58785/dow-drops-over-300-pts-to-end-worst-week-in-3-years-58785.html
[12/12/14]
3 - money.cnn.com/data/commodities/ [12/12/14]
4 - markets.on.nytimes.com/research/markets/usmarkets/usmarkets.asp
[12/12/14]
5 - markets.wsj.com/us [12/12/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=12%2F12%2F13&x=0&y=0
[12/12/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=12%2F12%2F13&x=0&y=0
[12/12/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=12%2F12%2F13&x=0&y=0
[12/12/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=12%2F11%2F09&x=0&y=0
[12/12/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=12%2F11%2F09&x=0&y=0
[12/12/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=12%2F11%2F09&x=0&y=0
[12/12/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=12%2F13%2F04&x=0&y=0
[12/12/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=12%2F13%2F04&x=0&y=0
[12/12/14]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=12%2F13%2F04&x=0&y=0
[12/12/14]
7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[12/12/14]
8 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[12/12/14]
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Tuesday, December 16, 2014
Economic Update for the week of December 15th, 2014
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