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WEEKLY QUOTE
“Try
to learn something about everything and everything about something.”
- Thomas H. Huxley
WEEKLY TIP
Most
consumer expenses boil down to choices and options rather than necessities.
Keeping that in mind could help you save money month-to-month.
WEEKLY RIDDLE
You
throw it out when you need to use it. You bring it up when you don’t. As you
travel, it goes with you. What is it?
Last week’s riddle:
Your mother’s brother’s only brother-in-law is taking a picture
of you. How is he more closely related to you?
Last week’s answer:
He is also your father.
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June 2,
2015
THREE KEY REAL ESTATE INDICATORS
IMPRESS
All
of a sudden, the housing market looks much healthier. The Census Bureau
reported a 6.8% jump in new home buying in April, and the National
Association of Realtors said its pending home sales index improved 3.4% in
that month to 108.7 (its best reading since May 2006). The numbers that
matter most were also impressive: year-over-year, new home sales were up 26.1%
and pending home sales 14.0% (even as existing home inventory declined).
Additionally, the March 20-city S&P/Case-Shiller home price index showed
a 5.0% annualized gain (the broader national home price index rose 4.1% in 12
months).1,2
HARD GOODS REPORT PRESENTS MIXED
MESSAGE
Total durable goods orders fell 0.5% in April, yet the Commerce
Department found core durable goods orders (excepting transportation orders)
up 0.5% for that month. Shipments of core durables rose 0.8% in April after a
1.0% gain for March.3
CONSUMER SENTIMENT HOLDS UP
That was evident in the two major surveys of households. The
Conference Board’s consumer confidence index rose 1.1 points for May to 95.4;
the University of Michigan’s final May index reached 90.7 after its previous
88.6 reading.4
Q1 GDP: WORSE THAN PREVIOUSLY THOUGHT
In its second estimate, the Bureau of Economic Analysis said
the economy contracted 0.7% in the first quarter, which precisely matched the
consensus forecast at Briefing.com.4
MAY ENDS WITH A DOWN WEEK
From Tuesday’s opening bell to Friday’s close, the Dow lost
1.50%, the Nasdaq 0.41% and the S&P 500 0.88%. The Friday settlements for
the big three: Dow, 18,010.68; Nasdaq, 5,070.03; S&P, 2,107.39.5
THIS WEEK: April’s
personal spending report, the May ISM manufacturing PMI and China and euro
area factory PMIs arrive Monday. Investors review May auto sales and factory
orders Tuesday along with earnings from Cracker Barrel, Guess? and Dollar
General. Wednesday brings the May ADP employment report, a new Beige Book
from the Federal Reserve and ISM’s May non-manufacturing PMI. On Thursday,
Wall Street looks at May’s Challenger job-cut report, new initial claims
figures and earnings from VeriFone and J.M. Smucker. The Labor Department
issues its May jobs report Friday.
Sources: wsj.com, bigcharts.com, treasury.gov - 5/29/156,7,8,9
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 - forbes.com/sites/erincarlyle/2015/05/28/april-pending-home-sales-hit-nine-year-high/
[5/28/15]
2 - inman.com/2015/05/26/real-estate-market-update-may-26-2015/ [5/26/15]
3 - investing.com/news/economic-indicators/u.s.-durable-goods-orders-drop-0.5,-core-orders-rise-0.5-343505
[5/28/15]
4 - briefing.com/investor/calendars/economic/2015/05/25-29 [5/29/15]
5 - markets.on.nytimes.com/research/markets/usmarkets/usmarkets.asp
[5/29/15]
6 - markets.wsj.com/us [5/29/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=5%2F29%2F14&x=0&y=0
[5/29/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=5%2F29%2F14&x=0&y=0
[5/29/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=5%2F29%2F14&x=0&y=0
[5/29/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=5%2F28%2F10&x=0&y=0
[5/29/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=5%2F28%2F10&x=0&y=0
[5/29/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=5%2F28%2F10&x=0&y=0
[5/29/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=5%2F27%2F05&x=0&y=0
[5/29/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=5%2F27%2F05&x=0&y=0
[5/29/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=5%2F27%2F05&x=0&y=0
[5/29/15]
8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[5/29/15]
9 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[5/29/15]
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Tuesday, June 2, 2015
Economic Update for the week of June 2, 2015
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