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WEEKLY QUOTE
“Life
is a reciprocal exchange. To move forward, you have to give back.”
- Oprah Winfrey
WEEKLY TIP
For
2015, see if you can keep the cost of your total monthly debt payments at 35%
of your pre-tax income or less. You should be the master of your debt; it
shouldn’t master you.
WEEKLY RIDDLE
As
I age my height changes, but not my importance. Your hand guides me and I
help articulate what you want to say. When we part, I am not important or
useful to you. What am I?
Last week’s riddle:
It can be measured even though it lacks length, width or height.
What is it?
Last week’s answer:
Temperature.
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January 6,
2015
LATEST ISM FACTORY PMI IS A LETDOWN
The
3.2-point December descent of the Institute for Supply Management’s manufacturing
index may not be as troubling as it first appeared to Wall Street. Purchasing
managers surveyed by ISM noted that labor disputes at west coast ports held
up raw material and hard goods shipments last month. At 55.5, the index still
pointed to a growing factory sector even though it missed expectations (it
came in 1.5 points beneath the forecast of economists polled by MarketWatch).
The ISM factory PMI averaged 55.8 in 2014 for its best year since 2010.1,2
CONFIDENCE UP AS 2014 ENDS
In December, the Conference Board’s consumer confidence
index reached 92.6, approaching a seven-year high that the CB recorded in
October. In addition, the CB’s index measuring the outlook on current economic
conditions hit a high unseen since February 2008. November’s reading
was revised up to 91.0 from the prior 88.7.3
AN UPTURN FOR PENDING HOME SALES
According to the National Association of Realtors, they
rose 0.8% in November – much better than October’s 1.1% retreat. October’s
S&P/Case-Shiller home price index showed a 4.5% annual gain in its
20-city version, the smallest in two years; the nationwide gain was 4.6%,
down from 4.8% in the September edition.3,4
STOCKS PULL BACK AS NEW YEAR BEGINS
Another abbreviated trading week brought losses for the
Dow, S&P 500 and Nasdaq Composite. The NASDAQ slipped 0.98% for the week
to end up at 4,726.81 Friday; respective 1.09% and 1.46% retreats for the
DJIA and S&P left those benchmarks at 17,832.99 and 2,058.20 settlements.5,6
THIS WEEK: No major
releases are scheduled on Monday. Tuesday brings not only ISM’s December
services index, but also key December PMIs from China, Japan and the eurozone.
Wednesday, ADP’s December employment change report accompanies the minutes
from the December 16-17 Federal Reserve policy meeting and earnings from
Monsanto and Family Dollar. The December Challenger job-cut report arrives Thursday,
plus a new round of initial claims figures and earnings from Bed Bath &
Beyond, PriceSmart, Ruby Tuesday, Barracuda Networks, The Container Store and
Constellation Brands. The Labor Department puts out its December jobs report
Friday.
Sources: online.wsj.com, bigcharts.com, treasury.gov - 1/2/156,7,8,9
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 - marketwatch.com/story/ism-manufacturing-index-falls-in-december-to-slowest-rate-since-summer-2015-01-02
[1/2/15]
2 - haver.com [1/2/15]
3 - businessweek.com/news/2014-12-30/consumer-confidence-index-in-u-dot-s-dot-increased-to-92-dot-6-in-december
[12/30/14]
4 - marketwatch.com/economy-politics/calendars/economic [1/2/15]
5 - markets.on.nytimes.com/research/markets/usmarkets/usmarkets.asp
[1/2/15]
6 - markets.wsj.com/us [1/2/15]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=1%2F2%2F14&x=0&y=0
[1/2/15]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=1%2F2%2F14&x=0&y=0
[1/2/15]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=1%2F2%2F14&x=0&y=0
[1/2/15]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=12%2F31%2F09&x=0&y=0
[1/2/15]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=12%2F31%2F09&x=0&y=0
[1/2/15]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=12%2F31%2F09&x=0&y=0
[1/2/15]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=1%2F3%2F05&x=0&y=0
[1/2/15]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=1%2F3%2F05&x=0&y=0
[1/2/15]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=1%2F3%2F05&x=0&y=0
[1/2/15]
8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[1/2/15]
9 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[1/2/15]
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Tuesday, January 6, 2015
Economic Update for the January 6th, 2015
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