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WEEKLY QUOTE
“The
highest result of education is tolerance.”
- Helen Keller
WEEKLY TIP
If
your company matches your retirement plan contribution, put enough into your
account each pay period to earn the match. If you do, your account value may
still rise nicely even when markets retreat.
WEEKLY RIDDLE
They
are captured by mud and snow, left behind but never taken, and rarely seen in
isolation. What are they?
Last week’s 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 answer:
Confidence.
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July 28,
2015
EXISTING HOME SALES UP, NEW HOME SALES DOWN
According to the National Association of Realtors,
residential resales increased 3.2% in June with the median home value hitting
an all-time peak of $236,400, 6.5% higher than a year ago. New home buying
subsided 6.8% last month with the median sales price at $281,800, representing
a 1.8% year-over-year decline. Even so, the pace of new home sales improved
21.2% across the first six months of 2015.1
LEADING INDICATOR INDEX RISES 0.6%
This
June advance for the Conference Board’s LEI followed its 0.8% May gain; the
LEI has risen at least 0.6% for the past three months. Six of its 10
indicators improved in June; only one declined.2
TRYING WEEK
FOR STOCKS, GOLD & OIL
Earnings letdowns sent the Dow down 2.86% last week, the
Nasdaq down 2.33%, and the S&P 500 down 2.21%. Friday, the Dow settled at
17,568.53, the Nasdaq at 5,088.63, and the S&P at 2,079.65. Gold closed
Friday at its lowest level since early June: $1,085.50. Futures fell 2.3% for
the week on the COMEX. West Texas Intermediate crude prices slipped 5.4% in
five days to a Friday close of $48.14.3,4
THIS WEEK: Earnings
from Baidu, Norfolk Southern, Norwegian
Cruise Line, Plantronics, Rent-A-Center, The Hartford, and Wynn Resorts
arrive Monday plus a report on June durables. Tuesday, the Conference Board’s
July consumer confidence index and May’s Case-Shiller home price index
complement earnings from Airgas, Akamai, Aflac, Ally Financial, Anadarko
Petroleum, Buffalo Wild Wings, Cummins, D.R. Horton, Express Scripts, Ford
Motor Co., Ingersoll-Rand, JetBlue, Merck, Panera, Pfizer, Twitter, UPS, U.S.
Steel, Sirius XM, and Yelp. Wednesday, the Federal Reserve
issues its latest policy statement, NAR provides its June pending home sales
index, and earnings appear from Altria, Anthem, BlackRock, Callaway, CBRE, Garmin,
Choice Hotels, Constellation Software, DIRECTV, Exelon, Facebook, General
Dynamics, Goodyear, HealthSouth, Hilton, Humana, LifeLock, Marriott,
MasterCard, MetLife, Noble Corp., Northrop Grumman, NutriSystem, O’Reilly,
PG&E, Public Storage, Revlon, and Whole Foods. New initial
claims numbers arrive Thursday plus the first estimate of Q1 GDP and earnings
from Amgen, Avon, Cigna, Coca-Cola, Colgate-Palmolive, ConocoPhillips,
Diebold, Edison, Electronic Arts, Expedia, Fiat Chrysler, LinkedIn, Monster,
Occidental Petroleum, Pitney Bowes, Procter & Gamble, Starwood Hotels
& Resorts, T-Mobile, Time Warner Cable, Universal Health, Valero, Fluor, Ingram
Micro, and Virgin America. Friday, July’s final University of Michigan
consumer index appears, plus earnings from Chevron, ExxonMobil, Royal
Caribbean, Seagate, Tyco, and Weyerhaeuser.
Sources: wsj.com, bigcharts.com, treasury.gov - 7/24/155,6,7,8
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 - cbsnews.com/news/new-home-sales-hit-june-slump/
[7/24/15]
2 - usnews.com/news/business/articles/2015/07/23/gauge-of-future-health-of-economy-up-06-percent-in-june
[7/23/15]
3 - markets.on.nytimes.com/research/markets/usmarkets/usmarkets.asp
[7/24/15]
4 - proactiveinvestors.com/companies/news/62576/gold-declines-08-to-1085ounce-wti-sheds-06-to-4814barrel-62576.html
[7/24/15]
5 - markets.wsj.com/us [7/24/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=7%2F24%2F14&x=0&y=0
[7/24/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=7%2F24%2F14&x=0&y=0
[7/24/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=7%2F24%2F14&x=0&y=0
[7/24/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=7%2F23%2F10&x=0&y=0
[7/24/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=7%2F23%2F10&x=0&y=0
[7/24/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=7%2F23%2F10&x=0&y=0
[7/24/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=7%2F25%2F05&x=0&y=0
[7/24/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=7%2F25%2F05&x=0&y=0
[7/24/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=7%2F25%2F05&x=0&y=0
[7/24/15]
7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[7/24/15]
8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[7/24/15]
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Tuesday, July 28, 2015
Economic Update for the week of July 28th, 2015
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