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WEEKLY QUOTE
“Try
not to become a man of success but rather to become a man of value.”
- Albert Einstein
WEEKLY TIP
Plan
your charitable gifts well in advance of the end of the year; explore
possibilities and define the size of such gifts today.
WEEKLY RIDDLE
They
have wings. As they grow up, they also grow down. What are they?
Last week’s riddle:
Katherine and Sterling each have the same amount of pears. How
many pears does Katherine need to give Sterling so that Sterling has 10 more
pears than she does?
Last week’s answer:
5. When Katherine gives Sterling
5 pears, she will lose 5 and he will gain five, resulting in a net difference
of 10. So they both have at least 5 pears to begin with.
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March 3,
2015
CPI SHOWS ANNUAL DEFLATION
Dipping
0.7% in January, the Labor Department’s Consumer Price Index posted a 0.1%
annual retreat – its first yearly decline since 2009. As the core CPI rose
0.2% in January and gas prices are moving north, the headline CPI’s stint in
deflation territory may be short-lived. The federal government also announced
its second estimate of Q4 GDP last week – a passable 2.2% – and a 2.8% boost
in hard goods orders for January.1,2
HOUSEHOLD CONFIDENCE DECLINES
The Conference Board’s monthly survey of consumers slipped
7.4 points in February to a reading of 96.4. At the end of January, the
University of Michigan’s consumer sentiment index reached 98.1; the final
February index came in lower at 95.4.2,3
PENDING HOME SALES, HOME PRICES RISE
The
National Association of Realtors said housing contract activity increased
1.7% in January, and December’s S&P/Case-Shiller index showed a 4.5%
overall annual increase in existing home prices. The Census Bureau noted an
0.2% dip in new home sales in January, however; the NAR found resales falling
4.9% in that month.2,4
FEBRUARY WAS FANTASTIC FOR STOCKS
Look at these monthly gains: S&P 500, 5.49%; Dow, 5.64%;
Nasdaq, 7.08%. Last week, the S&P lost 0.27% and the Dow 0.04% while the
Nasdaq rose 0.15%. Final numbers: DJIA, 18,132.70; Nasdaq, 4,963.53; S&P,
2,104.50. Oil fell 1.32% to $49.27 on the NYMEX, gold rose 1.21% to $1,213.60
on the COMEX.5,6
THIS WEEK: ISM’s January
manufacturing index appears Monday, plus January’s consumer spending report and
earnings from Progressive, NutriSystem and Molycorp. On Tuesday, the Street examines
earnings from Best Buy, AutoZone, Smith & Wesson, Revlon, Bob Evans, TiVo
and Dick’s Sporting Goods, and Federal Reserve chair Janet Yellen speaks on
bank regulation in New York. Wednesday brings February’s ADP employment change report,
a new Beige Book from the Federal Reserve, ISM’s February services index and earnings
from Abercrombie & Fitch, American Eagle, Korn/Ferry, PetSmart, Jamba,
Tribune Publishing, Scripps Co. and H&R Block. February’s Challenger job
cuts report arrives Thursday along with the latest bank stress test results from
the Fed, new initial claims numbers and a report on January factory orders;
earnings roll in from Chesapeake Utilities, Marcus & Millichap, Costco, Martha Stewart Living, Fresh Market, Quiksilver and
Kroger. The Labor Department’s February employment report comes out Friday, as
well as earnings from Foot Locker, BigLots! and Staples.
Sources: online.wsj.com, bigcharts.com, treasury.gov - 2/27/155,7,8,9,10
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/pn4rvqe [2/26/15]
2 - marketwatch.com/economy-politics/calendars/economic [2/27/15]
3 - investing.com/economic-calendar/michigan-consumer-sentiment-320
[2/27/15]
4 - usnews.com/news/business/articles/2015/02/25/us-new-home-sales-barely-nudge-up-in-january
[2/25/15]
5 - markets.wsj.com/us [2/27/15]
6 - markets.on.nytimes.com/research/markets/commodities/commodities.asp
[2/27/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=2%2F27%2F14&x=0&y=0
[2/27/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=2%2F27%2F14&x=0&y=0
[2/27/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=2%2F27%2F14&x=0&y=0
[2/27/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=2%2F26%2F10&x=0&y=0
[2/27/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=2%2F26%2F10&x=0&y=0
[2/27/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=2%2F26%2F10&x=0&y=0
[2/27/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=2%2F28%2F05&x=0&y=0
[2/27/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=2%2F28%2F05&x=0&y=0
[2/27/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=2%2F28%2F05&x=0&y=0
[2/27/15]
8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[2/27/15]
9 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[2/27/15]
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Tuesday, March 3, 2015
Economic Update for the week of March 3rd, 2015
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