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WEEKLY QUOTE
“Silence
is the ultimate weapon of power.”
- Charles de Gaulle
WEEKLY TIP
Are
you in your fifties and providing eldercare to one or both of your parents?
As you help them in their retirements, remember not to neglect your own
retirement planning as these years of your life are among the most important
for that effort.
WEEKLY RIDDLE
I
never complain no matter where I am led; I go around in circles, yet move
straight ahead. What am I?
Last week’s riddle:
Buried in wood from one end to the other, my head is exposed
while I keep things together. What am I?
Last week’s answer:
A nail.
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March 16,
2015
WHERE ARE THE SHOPPERS?
Retail
sales were off again in February – the 0.6% decline reported by the Census
Bureau was the third straight monthly retreat. Economists surveyed by
Briefing.com anticipated an 0.4% advance. This severe winter may have
prompted households to spend more on utilities and services than on retail purchases.
Another closely watched indicator, the University of Michigan’s consumer
sentiment index, showed a preliminary March reading of 91.2. That was 4.2
points under its final February reading and 4.1 points below the expectations
of economists polled by the Wall Street
Journal. Less optimism among lower-income households influenced the
decline.1,2
PPI DEFIES EXPECTATIONS
Both the overall and core Producer Price Index retreated
half a percent for February. Even with low fuel and energy costs, economists
polled by Briefing.com still projected a 0.3% rise in the headline PPI and an
0.1% advance for the core PPI. In January, the headline PPI fell 0.8%.2
OIL DOWN 9.6% IN A WEEK
Worries
about a supply glut sent light sweet crude lower on the NYMEX. It settled at
just $44.84 Friday, yet there was a nice development for oil investors: the Energy
Department announced it would be buying up to 5 million barrels for its Strategic
Petroleum Reserve. That could ease anxieties about excess inventory.3
BIG SWINGS, NO ADVANCE
A rollercoaster week ended with 5-day losses for all three
major U.S. indices. The Dow shed 0.60%, the Nasdaq 1.13% and the S&P 500
0.86%. That resulted in the following Friday settlements: Dow, 17,749.31;
Nasdaq, 4,871.76; S&P, 2,053.40.4
THIS WEEK: Monday,
the Federal Reserve reports on February industrial output and Eastman Kodak
and Molycorp announce Q4 results. Tuesday sees the release of February
figures on building permits and housing starts and earnings from Oracle,
Burlington Stores, Adobe Systems, Pacific Sunwear and DSW. Wednesday
brings the latest Fed policy statement and earnings from Cintas, FedEx, Jabil
Circuit, Guess?, Tilly’s, Smart & Final, General Mills, Wet Seal and
Williams-Sonoma. The Conference Board presents its February index of leading
indicators on Thursday, accompanying a new initial jobless claims report and quarterly
results from Lennar and Nike. Darden Restaurants, Tiffany and KB Home report
earnings Friday.
Sources: online.wsj.com, bigcharts.com, treasury.gov - 3/13/155,6,7,8
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 - foxbusiness.com/economy-policy/2015/03/13/consumer-sentiment-falls-in-march/
[3/13/15]
2- briefing.com/investor/calendars/economic/2015/03/09-13 [3/13/15]
3 - marketwatch.com/story/energy-dept-plans-up-to-5-million-barrel-oil-purchase-2015-03-13
[3/13/15]
4 - markets.on.nytimes.com/research/markets/usmarkets/usmarkets.asp
[3/13/15]
5 - markets.wsj.com/us [3/13/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F13%2F14&x=0&y=0
[3/13/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F13%2F14&x=0&y=0
[3/13/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F13%2F14&x=0&y=0
[3/13/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F12%2F10&x=0&y=0
[3/13/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F12%2F10&x=0&y=0
[3/13/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F12%2F10&x=0&y=0
[3/13/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F14%2F05&x=0&y=0
[3/13/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F14%2F05&x=0&y=0
[3/13/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F14%2F05&x=0&y=0
[3/13/15]
7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[3/13/15]
8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[3/13/15]
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Tuesday, March 17, 2015
Economic update for the week of March 17th, 2015
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