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WEEKLY QUOTE
“Don’t
try to be
better
than your contemporaries or predecessors. Try to be better than yourself.”
- William Faulkner
WEEKLY TIP
Do
you and your spouse have very similar investment portfolios? As a couple, you
might want to approach the goal of investment diversification from a joint
(rather than strictly individual) viewpoint.
WEEKLY RIDDLE
I’m
tall when I’m young and short when I’m old, usually indoors and sometimes on
fire. What am I?
Last week’s riddle:
At times it begs to be answered, sometimes it interrupts you, but
it will never ask you a question. What is it?
Last week’s answer:
A phone.
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May 12,
2015
HIRING REBOUNDS IN APRIL
Employers
added 223,000 new jobs last month, the Labor Department noted
Friday. That news made the March payroll gain of 85,000 look like an
aberration. The main jobless rate fell to a 7-year low of 5.4% in April, and
the U-6 rate tracking the total unemployed ticked down to 10.8%; the
population of people out of work for six months or longer fell by 38,000 to
2.5 million, representing 29% of the total unemployed. Wages were up 2.2%
year-over-year. 1
SERVICE SECTOR PMI REACHES 5-MONTH PEAK
Rising to 57.8 for April, the Institute for Supply
Management’s non-manufacturing purchasing managers’ index displayed its best
reading since November. A 4.1% upturn in business activity was instrumental
in the gain.2
CRUDE OIL NEARS $60 ON THE NYMEX
Last week’s 0.5% advance took oil prices to a Friday
settlement of $59.46. A key factor: the federal government announced a weekly
inventory dip of 3.9 million barrels. In precious metals, gold gained 1.2% last
week, with futures closing Friday at $1,188.00; silver advanced 2.1% for the
week, platinum 1.2% and palladium 3.7%. In contrast, copper prices retreated
0.3%.3
STRONG JOBS REPORT RESCUES WALL
STREET’S WEEK
A Friday rally sent the major indices north. As the
trading day ended, the Dow closed at 18,191.11, the Nasdaq at 5,003.55 and
the S&P 500 at 2,116.10. Across five
days, the Dow went +0.93%, the Nasdaq -0.04% and the S&P +0.37%.4
THIS WEEK: Euro area
finance ministers begin a 2-day meeting Monday; stateside, Dean Foods and DISH
Network present Q1 results. GoDaddy announces Q1 results Tuesday. Wednesday offers
April retail sales numbers and the latest readings of euro area GDP and
industrial output for both the euro area and China; also, earnings arrive
from Abercrombie & Fitch, J. C. Penney, Macy’s, Ralph Lauren and Shake
Shack. Thursday, the April Producer Price Index and the latest initial jobless
claims report complement earnings from Applied Materials, El Pollo Loco, Jack
in the Box, Kohl’s, Nordstrom, Perry Ellis and Symantec. Friday, the
University of Michigan’s initial May consumer sentiment index appears along
with the Federal Reserve’s report on April industrial production.
Sources: wsj.com, bigcharts.com, treasury.gov - 5/8/155,6,7,8
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 - usatoday.com/story/money/business/2015/05/08/april-jobs-report/70971990/
[5/8/15]
2 - tradingeconomics.com/united-states/non-manufacturing-pmi [5/8/15]
3 - proactiveinvestors.com/companies/news/61389/gold-climbs-06-to-1188-wti-rises-08-to-5946-61389.html
[5/8/15]
4 - markets.on.nytimes.com/research/markets/usmarkets/usmarkets.asp
[5/8/15]
5 - markets.wsj.com/us [5/8/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=5%2F8%2F14&x=0&y=0
[5/8/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=5%2F8%2F14&x=0&y=0
[5/8/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=5%2F8%2F14&x=0&y=0
[5/8/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=5%2F7%2F10&x=0&y=0
[5/8/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=5%2F7%2F10&x=0&y=0
[5/8/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=5%2F7%2F10&x=0&y=0
[5/8/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=5%2F9%2F05&x=0&y=0
[5/8/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=5%2F9%2F05&x=0&y=0
[5/8/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=5%2F9%2F05&x=0&y=0
[5/8/15]
7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[5/8/15]
8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[5/8/15]
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Tuesday, May 12, 2015
Economic update for the week of May 12th, 2015
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