Economic update for the week of April 28th, 2015

WEEKLY ECONOMIC UPDATE
WEEKLY QUOTE                “If you laugh, you think, and you cry, that’s a full day.”       - Jim Valvano            WEEKLY TIP               Do you really need weekly housecleaning service, a gardener, or a dog walker? The money you save by not using these services could go toward debts, an emergency fund, or investing.         WEEKLY RIDDLE              It traveled from Kentucky to Texas in three days, and it did so while staying in a corner. What is it?     Last week’s riddle: Wilbert was driving a black car. The car’s lights were off, there was no moonlight – and a cat was in the middle of the road. How did Wilbert know to stop?      Last week’s answer: He was driving during the day.	April 28, 2015                         NEW HOME SALES DROP, RESALES CLIMB March brought a 6.1% advance for existing home sales according to the National Association of Realtors. This happened with a 4.6-month inventory of homes for resale, which is underneath the 6-month level characteristic of a thriving housing market. New home purchases tumbled 11.4% in March after a great February; on the bright side, there were more new home sales in the first quarter than in Q1 2014.1     ORDERS FOR DURABLES INCREASE The 4.0% March gain noted by the Census Bureau was welcome. From November through February, overall hard goods orders declined by 1.4% or more each month (excepting January’s 2.8% increase).2        OIL ADVANCES, GOLD RETREATS In New York, oil prices rose 2.5% from April 20-24 on inventory concerns: light sweet crude for July delivery settled Friday at $57.15 on the NYMEX. Gold lost 2.4% last week to a Friday close of $1,175.00 on the COMEX.3   TECH EARNINGS GIVE BIG LIFT TO NASDAQ That benchmark rose 3.25% last week, briefly topping the 5,100 level on the way to a close of 5,092.09 Friday. Five-day gains also came for the Dow (1.42% to 18,080.14) and S&P 500 (1.75% to 2,117.69).4         THIS WEEK: On Monday, Apple, Container Store, Hertz Global, MGM Resorts, Universal Health Services and Barracuda Networks report earnings. Tuesday brings a new Conference Board consumer confidence survey, February’s S&P/Case-Shiller home price index and earnings from Aetna, Aflac, Big 5, Bristol-Myers Squibb, UPS,  Edison International, Smart & Final, Ford Motor Co., Buffalo Wild Wings, Panera, Cummins, Coach, Supervalu, Ally, Akamai, NCR, Genworth, Pfizer, Twitter, GoPro, JetBlue, Revlon, Kraft, Whirlpool, U.S. Steel, T-Mobile, Merck, Sirius XM, Wynn Resorts, Western Digital and Valero. Wednesday offers a Federal Reserve policy statement, an estimate of Q1 GDP, March pending home sales numbers and earnings from Anthem, Baidu, General Dynamics, Yelp!, Goodyear, Fiat Chrysler, GrubHub, Hilton, Humana, Praxair, Time Warner, Starwood Hotels & Resorts, Marriott and Northrup Grumman. Thursday presents March personal spending data, new initial claims figures and earnings from Avon, Visa, Colgate-Palmolive, Diebold, Coca-Cola, LiveNation, Time Warner Cable, ExxonMobil, Expedia, Virgin America, Fluor, HealthSouth, Pitney-Bowes, Public Storage, ConocoPhillips, Blackrock, Magellan Health, Marathon Petroleum, Nutrisystem and Cigna. Friday offers the University of Michigan’s final April consumer sentiment index, ISM’s April factory PMI and results from Berkshire Hathaway, Chevron, Clorox, CVS and Weyerhaeuser.     % CHANGE Y-T-D 1-YR CHG 5-YR AVG 10-YR AVG DJIA +1.44 +9.57 +12.27 +7.65 NASDAQ +7.52 +22.75 +20.25 +16.10 S&P 500 +2.86 +12.73 +14.79 +8.22 REAL YIELD 4/24 RATE 1 YR AGO 5 YRS AGO 10 YRS AGO 10 YR TIPS 0.04% 0.49% 1.47% 1.63%   Sources: online.wsj.com, bigcharts.com, treasury.gov - 4/24/155,6,7,8 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 - arkansasonline.com/news/2015/apr/24/u-s-new-home-sales-fall-11-4-20150424/ [4/24/15] 2 - investing.com/economic-calendar/durable-goods-orders-86 [4/24/15] 3 - proactiveinvestors.com/companies/news/61155/gold-drops-16-to-1175-wti-decreases-1-to-5715-61155.html [4/24/15] 4 - markets.on.nytimes.com/research/markets/usmarkets/usmarkets.asp [4/24/15] 5 - markets.wsj.com/us [4/24/15] 6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=4%2F24%2F14&x=0&y=0 [4/24/15] 6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=4%2F24%2F14&x=0&y=0 [4/24/15] 6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=4%2F24%2F14&x=0&y=0 [4/24/15] 6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=4%2F23%2F10&x=0&y=0 [4/24/15] 6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=4%2F23%2F10&x=0&y=0 [4/24/15] 6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=4%2F23%2F10&x=0&y=0 [4/24/15] 6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=4%2F25%2F05&x=0&y=0 [4/24/15] 6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=4%2F25%2F05&x=0&y=0 [4/24/15] 6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=4%2F25%2F05&x=0&y=0 [4/24/15]            7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [4/24/15] 8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [4/24/15]

Economic Update for the week of April 21st, 2015

WEEKLY ECONOMIC UPDATE
WEEKLY QUOTE                “We all have big changes in our lives that are more or less a second chance.”       - Harrison Ford            WEEKLY TIP               A cleverly promoted, inexpensive customer loyalty program may help your business realize improved long-term cash flow.        WEEKLY RIDDLE              Wilbert was driving a black car. The car’s lights were off, there was no moonlight – and a cat was in the middle of the road. How did Wilbert know to stop?     Last week’s riddle: A 400-yard long promenade has an ornate brass bench every 100 yards on both sides, including ones at its beginning and end. So in total, how many benches are there along this promenade?      Last week’s answer: 10 benches, 5 on either side.	April 21, 2015                         MODERATE INFLATION RESUMES The Consumer Price Index rose 0.2% for a second consecutive month in March, as did the Producer Price Index (in a marked departure from its 0.5% February retreat). Economists polled by MarketWatch had forecast an 0.3% March advance in both the headline CPI and PPI.1     GROUNDBREAKING UP 2.0% FOR MARCH Housing industry analysts had expected a much greater increase; this put the annual pace of housing starts at 926,000 instead of the desired 1 million mark. The Census Bureau also reported building permits declining 5.7% last month.2        CONSUMER SENTIMENT, RETAIL SALES BOTH RISE Shoppers increased retail purchases by 0.9% in March, 0.4% minus auto buying. Retail sales had slipped 1.1% in February. The University of Michigan’s initial April consumer sentiment index came in at 95.9, 2.9 points above its final March reading.1   OVERSEAS DEVELOPMENTS IMPEDE U.S. STOCKS Two factors played major roles in Wall Street’s sharp Friday selloff: renewed fears of Greece defaulting on its debt payments to the International Monetary Fund, and China’s decision to limit margin trading and allow more short selling in its stock market. The major indices retreated as follows across the week: Dow, 1.28% to 17,826.30; Nasdaq, 1.28% to 4,931.81; S&P 500, 0.99% to 2,081.18.3,4         THIS WEEK: On Monday, Morgan Stanley, Halliburton, IBM, Rent-A-Center, Hasbro and Royal Caribbean Cruises present earnings. Tuesday, the earnings parade continues with results from Under Armour, Kimberly-Clark, East West Bancorp, Credit Suisse Group, Northern Trust, Chipotle, Discover, Lockheed Martin, Amgen, Fifth Third, Manpower, Verizon, Gannett Co., Harley-Davidson, and Yum! Brands. Wednesday, March existing home sales figures complement earnings from Logitech, Coca-Cola, AT&T, Facebook, Cheesecake Factory, Owens Corning, Boeing, eBay, McDonald’s, Qualcomm, Abbott Labs, Bank of New York Mellon, Raymond James, Ameriprise Financial, AutoNation and Texas Instruments. Thursday brings factory PMIs for China and the euro area, March new home sales numbers, a new initial claims report and earnings from BB&T, Procter & Gamble, Southwest Airlines, 3M, Capital One, Dunkin’ Brands, Altera, General Motors, E*Trade, Caterpillar, Google, Microsoft, Dow Chemical, Amazon, Briggs & Stratton, Dr. Pepper Snapple and PepsiCo. Euro area finance ministers and central bankers meet Friday as Wall Street interprets March hard goods orders and earnings from Siemens, Tyco, State Street, Xerox, American Airlines and Biogen.     % CHANGE Y-T-D 1-YR CHG 5-YR AVG 10-YR AVG DJIA +0.02 +8.64 +12.36 +7.70 NASDAQ +4.13 +20.42 +19.75 +15.78 S&P 500 +1.08 +11.60 +14.92 +8.16 REAL YIELD 4/17 RATE 1 YR AGO 5 YRS AGO 10 YRS AGO 10 YR TIPS -0.02% 0.52% 1.46% 1.66%   Sources: online.wsj.com, bigcharts.com, treasury.gov - 4/17/155,6,7,8 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 - marketwatch.com/economy-politics/calendars/economic [4/17/15] 2 - nasdaq.com/article/forex-yen-slightly-stronger-ahead-of-consumer-data-all-eyes-on-greece-cm466250 [4/16/15] 3 - money.cnn.com/2015/04/17/investing/stocks-market-dow-global-selloff/index.html [4/17/15] 4 - markets.on.nytimes.com/research/markets/usmarkets/usmarkets.asp [4/17/15] 5 - markets.wsj.com/us [4/17/15] 6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=4%2F17%2F14&x=0&y=0 [4/17/15] 6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=4%2F17%2F14&x=0&y=0 [4/17/15] 6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=4%2F17%2F14&x=0&y=0 [4/17/15] 6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=4%2F16%2F10&x=0&y=0 [4/17/15] 6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=4%2F16%2F10&x=0&y=0 [4/17/15] 6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=4%2F16%2F10&x=0&y=0 [4/17/15] 6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=4%2F18%2F05&x=0&y=0 [4/17/15] 6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=4%2F18%2F05&x=0&y=0 [4/17/15] 6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=4%2F18%2F05&x=0&y=0 [4/17/15]             7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [4/17/15] 8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [4/17/15]

Economic Update for the week of April 14th, 2015

WEEKLY ECONOMIC UPDATE
WEEKLY QUOTE                “Beware of the man who won’t be bothered with details.”       - William Feather            WEEKLY TIP               If you are marrying, take a moment to see how your new marital status will affect your federal and state taxes, and whether it would be best to file jointly or separately.        WEEKLY RIDDLE              A 400-yard long promenade has an ornate brass bench every 100 yards on both sides, including ones at its beginning and end. So in total, how many benches are there along this promenade?     Last week’s riddle: How do you spell “hard water” using only three letters?      Last week’s answer: Use the letters I-C-E.	April 14, 2015                         SERVICE SECTOR CONTINUES TO EXPAND At 56.5, the Institute for Supply Management’s March non-manufacturing index came in 0.4 points beneath its February reading but still indicated healthy expansion for the service industry. While business activity fell by 1.9%, new orders improved 1.1% and new export orders 6.0%. America’s service sector grew for a 62nd straight month.1     COULD THE FED TIGHTEN LATE IN Q2? Minutes from the Federal Open Market Committee’s March policy meeting stated that “several participants” felt economic data was strong enough to prompt an interest rate increase at its June meeting. (Federal Reserve board officials and regional presidents are all defined by the Fed as “participants.”) Richmond Fed president Jeffrey Lacker reiterated his support for a hike to reporters last week, noting that rates could be reduced again if economic conditions warranted.2           OIL PRICES CLIMB 5.1% IN A WEEK That advance took light sweet crude to a NYMEX close of $51.64 a barrel Friday, and that rise came even with a 6% descent last Wednesday. Gold had a relatively flat week, gaining 0.3% on the COMEX to settle Friday at $1,204.60; silver futures moved south 1.9%, ending the week at $16.38.3,4   STOCKS PUSH HIGHER Intriguing M&A activity helped the market rally last week. The Nasdaq advanced 2.23% in five days to close at 4,995.98 Friday. The Dow moved north 1.66% to 18,057.65 while the S&P 500 rose 1.70% to 2,102.06.5         THIS WEEK: Nothing major is scheduled for Monday. Tuesday brings earnings from JPMorgan Chase, Wells Fargo, Fastenal, Intel, CSX and Johnson & Johnson, plus the March PPI and data on March retail sales and euro area industrial output. Wednesday offers data on industrial production in the U.S. and China, a GDP reading from China, a new Fed Beige Book and earnings from Bank of America, Charles Schwab, Delta Air Lines, Kinder Morgan, Netflix, PNC, Progressive, SanDisk and U.S. Bancorp. On Thursday, housing starts numbers for March arrive, G-20 finance ministers meet in Washington D.C. and earnings from American Express, AMD, Blackstone Group, Citigroup, Goldman Sachs, Mattel, Philip Morris and Sherwin-Williams appear. The University of Michigan’s preliminary March consumer sentiment index comes out Friday, and so do the March CPI and the latest CPI for the euro area; on the earnings front, GE, Comerica, Seagate Technology and Honeywell all issue announcements.    % CHANGE Y-T-D 1-YR CHG 5-YR AVG 10-YR AVG DJIA +1.32 +11.67 +12.84 +7.28 NASDAQ +5.49 +23.23 +20.72 +15.08 S&P 500 +2.10 +14.67 +15.20 +7.80 REAL YIELD 4/10 RATE 1 YR AGO 5 YRS AGO 10 YRS AGO 10 YR TIPS 0.14% 0.51% 1.56% 1.82%   Sources: online.wsj.com, bigcharts.com, treasury.gov - 4/10/156,7,8,9 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 - ism.ws/ismreport/nonmfgrob.cfm [4/6/15] 2 - tinyurl.com/oyqdoyl [4/10/15] 3 - marketwatch.com/story/oil-futures-stable-after-volatile-week-wti-above-50-a-barrel-mark-2015-04-10 [4/10/15] 4 - marketwatch.com/story/gold-struggles-to-hold-weekly-winning-streak-alive-2015-04-10 [4/10/15] 5 - markets.on.nytimes.com/research/markets/usmarkets/usmarkets.asp [4/10/15] 6 - markets.wsj.com/us [4/10/15] 7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=4%2F3%10F14&x=0&y=0 [4/10/15] 7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=4%2F10%2F14&x=0&y=0 [4/10/15] 7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=4%2F10%2F14&x=0&y=0 [4/10/15] 7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=4%2F9%2F10&x=0&y=0 [4/10/15] 7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=4%2F9%2F10&x=0&y=0 [4/10/15] 7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=4%2F9%2F10&x=0&y=0 [4/10/15] 7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=4%2F11%2F05&x=0&y=0 [4/10/15] 7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=4%2F11%2F05&x=0&y=0 [4/10/15] 7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=4%2F11%2F05&x=0&y=0 [4/10/15]             8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [4/10/15] 9 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [4/10/15]