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WEEKLY QUOTE
“The
real problem is not whether machines think but whether men do.”
- B.F. Skinner
WEEKLY TIP
One
fundamental rule about consumer debt: never arrange a loan that may outlast
the life of whatever you are buying.
WEEKLY RIDDLE
I
am astonishingly light, but even the strongest person in the world can only
hold me for a few minutes. What am I?
Last week’s riddle:
What 8-letter name would be cute and logical for a house cat living
below the Mason-Dixon line?
Last week’s answer:
Southpaw.
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February 19,
2015
RETAIL SALES DECREASE AGAIN
Recently,
economists have worried about a decline in household spending. The 0.8% fall
for retail sales in January affirmed their anxieties. Consumers have
certainly been buying less fuel, but even with gas purchases removed, there was
still an 0.2% retreat. Headline retail sales have now sunk for consecutive
months; earlier Commerce Department data showed an 0.9% falloff in December.1
HOUSEHOLD SENTIMENT INDEX DECLINES
Did
the rough weather blasting much of the nation affect the reading of the
latest University of Michigan consumer sentiment index? Quite possibly. The
final January edition came in at an 11-year high of 98.1, but February’s
initial edition fell to 93.6 – and per region, the major declines came in the
Midwest and Northeast.1
OIL ENDS THE WEEK WITH A RALLY
Rising 3.1% in a day, WTI crude settled at $52.78 a barrel
on
the NYMEX Friday. Over on the COMEX, silver rose 3.6% on the week to $17.29
while gold slipped 0.6% across five days to $1.227.10.2
S&P 500 CLOSES AT A NEW RECORD HIGH
Thanks to a 2.02% weekly ascent, the index settled at
2,096.99 Friday. Rising crude prices and signs of economic improvement in the
euro area helped. Those factors also assisted the Dow and Nasdaq: the former
gained 1.09% on the week, the latter 3.15%. Friday brought a close of
4,893.84 for the Nasdaq, 18,019.35 for the Dow.3
THIS WEEK: U.S.
stock and bond markets are closed Monday for Presidents’ Day, but eyes will
be on Europe as Greece formally asks to renegotiate its bailout. On Tuesday, earnings
roll in from MGM Resorts, Goodyear, Medtronic, Waste Management, Norwegian
Cruise Line, Agilent, Fossil, Jack in the Box, and Bridgestone. Wednesday,
Wall Street looks at the minutes from the January Federal Reserve policy
meeting, the latest Producer Price Index, data on January industrial output,
building permits and housing starts and earnings from Fluor, Duke Energy,, Hilton,
Avis Budget Group, SolarCity, Virgin America, Hyatt Hotels, Marathon Oil,
Healthstream, Denny’s, Barrick Gold, Marriott and Garmin. The
Conference Board’s January index of leading indicators arrives Thursday, plus
a new initial claims report, earnings from Nestle, Wal-Mart, Priceline,
Hormel, DirecTV, Boise Cascade, Clear Channel, Novatel, Noble Energy, Six
Flags Entertainment, Newmont Mining, Public Storage and Nordstrom … and for
the first time ever, minutes from a European Central Bank meeting (January
22). Friday sees earnings from Choice Hotels and Deere.
Sources: online.wsj.com, bigcharts.com, treasury.gov - 2/13/154,5,6,7
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 - tinyurl.com/pfjbxc4 [2/13/15]
2 - proactiveinvestors.com/companies/news/59878/gold-gains-05-to-1227-wti-rises-31-to-5278-59878.html
[2/13/15]
3 -
markets.on.nytimes.com/research/markets/usmarkets/usmarkets.asp [2/13/15]
4 - markets.wsj.com/us [2/13/15]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=2%2F13%2F14&x=0&y=0
[2/13/15]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=2%2F13%2F14&x=0&y=0
[2/13/15]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=2%2F13%2F14&x=0&y=0
[2/13/15]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=2%2F12%2F10&x=0&y=0
[2/13/15]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=2%2F12%2F10&x=0&y=0
[2/13/15]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=2%2F12%2F10&x=0&y=0
[2/13/15]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=2%2F14%2F05&x=0&y=0
[2/13/15]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=2%2F14%2F05&x=0&y=0
[2/13/15]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=2%2F14%2F05&x=0&y=0
[2/13/15]
6 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[2/13/15]
7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[2/13/15]
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Thursday, February 19, 2015
Economic Update for the week of February 19th, 2015
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