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WEEKLY QUOTE
“The
truth is not simply what you think it is; it is also the circumstances in
which it is said, and to whom, why and how it is said.”
- Vaclav Havel
WEEKLY TIP
Wondering
what your cash flow might be like in retirement? Think about your potential
income needs in your eighties and nineties as well as your sixties and
seventies. Take sustained moderate inflation and the possibility of major
medical expenses into account for the long term.
WEEKLY RIDDLE
No
matter how little or how much you use me, you change your view of me every
month. What am I?
Last week’s 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 answer:
A candle.
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May 19th,
2015
RETAIL SALES WERE FLAT IN APRIL
Analysts
surveyed by MarketWatch had forecast only a 0.1% advance, so this news was no
shock. Still, it was disappointing after the (revised) 1.1% gain noted by the
Commerce Department for March. The year-over-year improvement in the pace of
retail sales was just 0.9%; last August, it reached 5.0%. Core
retail sales (minus car and truck buying and fuel purchases) only increased
0.1% last month.1,2
CONSUMER SENTIMENT DIPS
The decline in the preliminary May University of Michigan
consumer sentiment index defied expectations. At 88.6, the index fell 7.3
points from its final April mark. A consensus forecast of analysts contacted
by Reuters projected a 96.0 reading.3
PRODUCER PRICES & INDUSTRIAL OUTPUT
RETREAT
The Producer Price Index is still showing the impact of
cheaper energy costs – it fell 0.4% in April after rising 0.2% a month
earlier. According to the Federal Reserve, industrial production declined 0.3%
in April, the same as in March.2
STOCKS & OIL CLIMB
Light sweet crude settled at $59.69 on the NYMEX Friday,
advancing for a ninth straight week – its longest weekly winning streak since
1983. As a Thursday rally offset losses from previous trading days, the Dow
advanced 0.45% for the week to 18,272.56. The Nasdaq Composite rose 0.89%
last week to 5,048.29, the S&P 500 0.31% to 2,122.73.4,5
THIS WEEK: Urban
Outfitters and Take-Two Interactive issue quarterly results Monday. On Tuesday,
earnings arrive from Walmart, Dick’s Sporting Goods, TJX, Home Depot, Red
Robin, and Etsy along with data on April housing starts and groundbreaking. Minutes
from April’s Federal Reserve policy meeting appear Wednesday, plus earnings
from American Eagle Outfitters, Hormel, L Brands, Target, Lowe’s, NetApp,
Salesforce.com, Staples and Williams-Sonoma. Thursday, Wall
Street reviews April existing home sales, new initial claims numbers, April
leading indicators from the Conference Board and earnings from Aeropostale,
Advance Auto Parts, America’s Car-Mart, Best Buy, Booz Allen Hamilton,
Intuit, Dollar Tree, The Fresh Market, Gap, Hewlett-Packard, Lions Gate
Entertainment, Ross Stores, Toro and Stein Mart. Friday, Fed
chair Janet Yellen speaks in Rhode Island on the outlook for the U.S. economy;
in addition, April’s CPI appears plus earnings from Foot Locker, Ann, Deere
& Co. and Campbell Soup.
Sources: wsj.com, bigcharts.com, treasury.gov - 5/15/156,7,8,9
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 -
marketwatch.com/story/retail-sales-flat-in-april-as-gas-savings-continue-to-be-pocketed-2015-05-13
[5/13/15]
2 - marketwatch.com/economy-politics/calendars/economic [5/15/15]
3 - reuters.com/article/2015/05/15/us-usa-economy-sentiment-idUSKBN0O01IQ20150515
[5/15/15]
4 - marketwatch.com/story/oil-prices-slips-on-dollar-strength-2015-05-15
[5/15/15]
5 - markets.on.nytimes.com/research/markets/usmarkets/usmarkets.asp
[5/15/15]
6 - markets.wsj.com/us [5/15/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=5%2F15%2F14&x=0&y=0
[5/15/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=5%2F15%2F14&x=0&y=0
[5/15/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=5%2F15%2F14&x=0&y=0
[5/15/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=5%2F14%2F10&x=0&y=0
[5/15/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=5%2F14%2F10&x=0&y=0
[5/15/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=5%2F14%2F10&x=0&y=0
[5/15/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=5%2F16%2F05&x=0&y=0
[5/15/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=5%2F16%2F05&x=0&y=0
[5/15/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=5%2F16%2F05&x=0&y=0
[5/15/15]
8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[5/15/15]
9 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[5/15/15]
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Tuesday, May 19, 2015
Weekly Economic Update for the week of May 19th, 2015
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