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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.
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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.
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]
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Tuesday, April 21, 2015
Economic Update for the week of April 21st, 2015
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