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WEEKLY QUOTE
“Look
at all the sentences which seem true and question them.”
- David Reisman
WEEKLY TIP
Own
a business? Negotiating with vendors may help you save a few hundred dollars
in monthly operating costs. It doesn’t hurt to try it; any vendor would prefer
a satisfied customer over a search for a new one.
WEEKLY RIDDLE
A
man bet his neighbor that his dog could jump higher than his neighbor’s
hedge. The neighbor accepted the bet and lost. Why?
Last week’s riddle:
Its body of stone shields a fiery heart. Under sufficient
pressure, its head will depart. What is it?
Last week’s answer:
A volcano.
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March 31,
2015
HOME SALES PICK UP
Existing
home sales accelerated 1.2% to an annual pace of 4.88 million in February,
the National Association of Realtors announced. Sales had slowed markedly in
January. February also brought a big jump in new home buying – a 7.8%
increase according to the Census Bureau, taking the year-over-year gain to
24.8%.1,2
FEBRUARY BRINGS AN ADVANCE IN THE CPI
The 0.2% gain represented the first monthly rise in
consumer prices since October; a 2.4% increase in gasoline prices made a
demonstrable difference. Even so, this left the headline CPI flat
year-over-year. The core CPI rose 0.2% in February, taking its annualized
gain to 1.7%.3
UMICH INDEX STAGES MARCH RETREAT
At a mark of 93.0, March’s final University of Michigan
consumer sentiment index declined 2.4 points from its final February reading.
It has still improved vastly in the past year – last March, it was at 80.0.4
FINAL Q4 GDP: 2.2%
The
third estimate of fourth-quarter growth by the Bureau of Economic Analysis
was unchanged from the second; economists polled by Briefing.com expected an
upward revision to 2.4%. Last week also brought news of a 1.4% slip in hard
goods orders; even minus transportation orders, durables still declined 0.4%.2
WALL STREET WORRIES ABOUT A STRONG
DOLLAR
Pessimism about the oncoming earnings season contributed
to market choppiness and weekly losses for the big three. Across March 23-27,
the Dow fell 2.29%, the Nasdaq 2.69% and the S&P 500 2.23%. Friday, the
Dow settled at 17,712.66, the Nasdaq at 4,891.22 and the S&P at 2,061.02.5
THIS WEEK: Monday,
the Commerce Department releases February personal spending numbers and the
NAR issues February pending home sales data. The January S&P/Case-Shiller
home price index and the Conference Board’s March consumer confidence survey
arrive Tuesday. On Wednesday, ISM’s March factory PMI and ADP’s March
employment report appear and Monsanto announces earnings. Thursday brings the
March Challenger job-cut report, new initial claims totals, February factory
orders data and earnings from CarMax and Perry Ellis. On Friday, the Labor
Department presents its March jobs report and Federal Reserve chair Janet
Yellen speaks briefly at a Fed research conference.
Sources: online.wsj.com, bigcharts.com, treasury.gov - 3/27/155,6,7,8
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 - housingwire.com/articles/33325-new-home-sales-rebound-25-in-february
[3/24/15]
2 - briefing.com/investor/calendars/economic/2015/03/23-27
[3/27/15]
3- nytimes.com/2015/03/25/business/rising-gas-costs-help-lift-us-consumer-prices.html
[3/25/15]
4 - tinyurl.com/o9am74a [3/27/15]
5 - tinyurl.com/onrf6g7 [3/27/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F27%2F14&x=0&y=0
[3/27/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F27%2F14&x=0&y=0
[3/27/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F27%2F14&x=0&y=0
[3/27/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F26%2F10&x=0&y=0
[3/27/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F26%2F10&x=0&y=0
[3/27/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F26%2F10&x=0&y=0
[3/27/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F28%2F05&x=0&y=0
[3/27/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F28%2F05&x=0&y=0
[3/27/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F28%2F05&x=0&y=0
[3/27/15]
7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[3/27/15]
8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[3/27/15]
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Tuesday, March 31, 2015
Economic Update for the week of March 31st, 2015
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