|
|||||||||||||||||||||||||||||||
|
WEEKLY QUOTE
“Have
regard for your name, since it will remain for you longer than a great store
of gold.”
- Ecclesiasticus
WEEKLY TIP
Savings
should be the bedrock of any college financing strategy, not gifts, student
loans or student income.
WEEKLY RIDDLE
Live
without it and you will not prevail, but if you have too much of it, you will
surely fail. What is it?
Last week’s riddle:
Jacquie and her daughter Amanda walk past a man in a café. Amanda
says “Hello, father” – and a split-second later, so does Jacquie. How are
they both able to make this remark to him without any confusion or
embarrassment?
Last week’s answer:
The man is a priest.
|
July 21,
2015
CONSUMER & WHOLESALE PRICES
INCREASE
The Labor Department announced a 0.3% June rise in the
headline Consumer Price Index, following the 0.4% advance for May. This left
annualized consumer inflation positive for the first time in six months
(+0.1%). June brought a 0.2% gain for the core CPI, which is now up 1.8%
across the past year. Last month also saw the Producer Price Index ascend 0.4%;
in May, it climbed 0.5%.1,2
HOUSEHOLD SENTIMENT, RETAIL SALES COOL
Retail
sales fell 0.3% last month after a 1.0% rise in May, according to the
Commerce Department. Analysts polled by MarketWatch felt sales would pick up
0.2% in June. The University of Michigan’s initial July consumer sentiment
index slipped 2.8 points to a 93.3 reading.2
LAST MONTH SAW
A JUMP IN CONSTRUCTION
Census Bureau data showed housing starts up 9.8% in June. Building
permits rose 7.4% to an 8-year peak; permits for single-family homes hit a 7½-year
high.3
GREEK DEBT DEAL, EARNINGS TAKE STOCKS
NORTH
Upside surprises and the approval of a third Greek bailout
by European leaders led to impressive weekly gains for the major indices. The
S&P 500 rose 2.41% to 2,126.64, the Dow 1.84% to 18,086.45 and the Nasdaq
4.25% to 5,210.14.4
THIS WEEK: Monday’s earnings
reports: Halliburton, Hasbro, HealthStream, Morgan Stanley and Unisys. Tuesday’s
earnings: Apple, Microsoft, Hanesbrands, BoNY Mellon, Chipotle, Yahoo!, GoPro,
Harley-Davidson, Kaiser Aluminum, Lexmark, Lockheed Martin, Fifth Third, Manpower,
Skechers, and Travelers Companies. Wednesday offers June existing home sales
and earnings from Abbott Labs, Altera, American Express, Ameriprise
Financial, AutoNation, Boeing, SanDisk, Cheesecake Factory, Coca-Cola,
Discover, Dolby Labs, Equifax, Northern Trust, Owens Corning, Qualcomm, Royal
Caribbean, Six Flags, Smart & Final, Texas Instruments, Whirlpool, Tupperware,
and United Rentals. Thursday offers the Conference Board LEI, a new initial
claims report and earnings from 3M, Ace Hardware, Alaska Airlines, Amazon,
AT&T, BJ’s, Boise Cascade, Capital One, Caterpillar, Celgene, Chubb,
Bristol-Myers Squibb, Comcast, CoreLogic, Dow Chemical, Dr. Pepper Snapple,
Eli Lilly, E*TRADE, Dunkin’ Brands, GM, Invacare, Kimberly-Clark, Macerich,
McDonald’s, Pandora, PulteGroup, Quest Diagnostics, Raytheon, Southwest
Airlines, Starbucks, T. Rowe Price, TripAdvisor, Under Armour, Union Pacific,
VISA, and Waste Management. Friday brings June new home sales plus earnings
from American Airlines, Biogen, Spirit Airlines, and Xerox.
Sources: wsj.com, bigcharts.com, treasury.gov - 7/17/155,6,7,8
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.
|
||||||||||||||||||||||||||||||
|
Please feel
free to forward this article to family, friends or colleagues.
If you would like us to add them to our distribution list, please reply with their address. We will contact them first and request their permission to add them to our list. |
|||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||
|
«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 - bloomberg.com/news/articles/2015-07-17/consumer-prices-in-u-s-increase-in-june-paced-by-higher-rents
[7/17/15]
2 - marketwatch.com/economy-politics/calendars/economic
[7/17/15]
3 - fxstreet.com/news/forex-news/article.aspx?storyid=c7fac744-9b01-4e72-9558-09281f70d6e7
[7/17/15]
4 - markets.on.nytimes.com/research/markets/usmarkets/usmarkets.asp
[7/17/15]
5 - markets.wsj.com/us [7/17/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=7%2F17%2F14&x=0&y=0
[7/17/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=7%2F17%2F14&x=0&y=0
[7/17/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=7%2F17%2F14&x=0&y=0
[7/17/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=7%2F16%2F10&x=0&y=0
[7/17/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=7%2F16%2F10&x=0&y=0
[7/17/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=7%2F16%2F10&x=0&y=0
[7/17/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=7%2F18%2F05&x=0&y=0
[7/17/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=7%2F18%2F05&x=0&y=0
[7/17/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=7%2F18%2F05&x=0&y=0
[7/17/15]
7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[7/17/15]
8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[7/17/15]
|
|||||||||||||||||||||||||||||||
Tuesday, July 21, 2015
Economic Update for the week of July 21st, 2015
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment