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WEEKLY QUOTE
“The
family is the country of the heart.”
- Giuseppe Mazzini
WEEKLY TIP
Marrying
soon? Just married? If you are good with money and your spouse is not, your
ability to pay the bills from a joint checking or savings account may one day
be impeded. Think about maintaining a separate savings or checking account
for yourself; that may even help your credit rating.
WEEKLY RIDDLE
It
grows down, yet it also grows up. What is it?
Last week’s riddle:
There is a 7-letter word that starts with BR and ends in G, and
if you put an E in it, you get an 8-letter word that sounds the same yet has
a different meaning. Name these two words.
Last week’s answer:
Braking and breaking.
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August 18,
2015
SHOPPERS SPEND MORE IN JULY
Retail
sales rose 0.6% last month according to Commerce Department data, topping the
0.5% gain projected in a Briefing.com poll of economists. This was great news
after the flat June reading (which was initially recorded as an 0.3% decline).1
A SLIGHT DIP IN HOUSEHOLD SENTIMENT
Falling
0.2 points to a mark of 92.9, the initial August University of Michigan
consumer sentiment index nearly matched the 92.8 reading projected by
economists surveyed by MarketWatch. Although this was the index’s
second-lowest reading of 2015, it was still 10.4 points above where it was a
year earlier.2,3
WHOLESALE INFLATION INCREASED IN JULY
The Labor Department reported a 0.2% gain for the Producer
Price Index last month, following the 0.4% advance in June. The core PPI also
rose 0.2% in July. Annualized wholesale inflation was still at -0.8% through
July thanks to falling energy prices. U.S. automakers boosted production
10.6% in July, leading to the 0.6% rise in overall industrial output reported
by the Federal Reserve.3
WALL STREET
HOLDS UP AFTER YUAN WEAKENS
China devalued its currency for three straight days last
week, but U.S. equities withstood that surprise. The S&P 500 advanced 0.68%
for the week to 2,091.54, the Nasdaq 0.09% to 5,048.24 and the Dow 0.61% to
17,477.40. The devalued yuan certainly helped gold – the yellow metal had its
best week in almost a month, rising 1.7% on the COMEX to a Friday close of
$1,112.70. Light sweet crude, on the other hand, declined another 3.1% to a
Friday NYMEX settlement of $42.50.3,4,5
THIS WEEK: Monday,
Q2 results arrive from Estee Lauder and Urban Outfitters. Tuesday, July
housing starts and building permits reports accompany earnings from Dick’s
Sporting Goods, Home Depot, La-Z-Boy, TJX, and Walmart. Minutes
from the July FOMC policy meeting appear Wednesday, along with July’s CPI,
and earnings from American Eagle Outfitters, Hormel, L Brands, Lowe’s,
NetApp, Popeye’s, Staples, and Target. Thursday brings NAR’s report on July existing
home sales, new initial jobless claims numbers, the Conference Board’s July
LEI, and earnings from America’s Car-Mart, Fresh Market, Gap,
Hewlett-Packard, Kirkland’s, Perry Ellis, Regis Corp., Ross Stores,
Salesforce, Stein Mart, Stage Stores, Intuit, Sears Holdings, and Toro. Friday
offers Q2 results from Deere and Foot Locker.
Sources: wsj.com, bigcharts.com, treasury.gov - 8/14/155,6,7,8
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 - briefing.com/investor/calendars/economic/2015/08/10-14 [8/14/15]
2 - marketwatch.com/story/consumer-sentiment-edged-lower-in-august-reports-say-2015-08-14
[8/14/15]
3 - thestreet.com/story/13256747/1/stocks-close-week-with-gains-despite-signs-of-fed-hike.html
[8/14/15]
4 - proactiveinvestors.com/companies/news/62973/gold-drops-03-to-111270-wti-rises-06-to-4250barrel-62973.html
[8/14/15]
5 - markets.wsj.com/us [8/14/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=8%2F14%2F14&x=0&y=0
[8/14/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=8%2F14%2F14&x=0&y=0
[8/14/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=8%2F14%2F14&x=0&y=0
[8/14/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=8%2F13%2F10&x=0&y=0
[8/14/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=8%2F13%2F10&x=0&y=0
[8/14/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=8%2F13%2F10&x=0&y=0
[8/14/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=8%2F15%2F05&x=0&y=0
[8/14/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=8%2F15%2F05&x=0&y=0
[8/14/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=8%2F15%2F05&x=0&y=0
[8/14/15]
7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[8/14/15]
8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[8/14/15]
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Tuesday, August 18, 2015
Economic Update for the week of August 18th, 2015
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