|
|||||||||||||||||||||||||||||||
|
WEEKLY QUOTE
“You
cannot depend on your eyes when your imagination is out of focus.”
- Mark Twain
WEEKLY TIP
If
you are starting a business, obtain a credit card and bank account
specifically for your company. This can help you avoid comingling of business
and personal assets, and it can also allow you to easily identify
business-related expenses that can be deducted from business income.
WEEKLY RIDDLE
I
lack lungs, yet I constantly need oxygen; I have no mouth, but sufficient water
will drown me. What am I?
Last week’s riddle:
What has a foot on each side and yet another foot in its middle?
Last week’s answer:
A yardstick.
|
September 15,
2015
NO SURPRISE: HOUSEHOLD
SENTIMENT WANES
The initial September edition of the University of
Michigan’s consumer sentiment index came in last week at 85.7 – its lowest reading
in a year, significantly below its final August mark of 91.9. Given the
recent stock market retreat and ongoing headlines about China’s economic
slowdown, the closely watched indicator seemed primed for a descent – but a
consensus MarketWatch forecast projected a 90.3 reading.1,2
PRODUCER PRICES WERE UNCHANGED IN
AUGUST
Wholesale
inflation was absent last month, at least by the measure of the Labor
Department’s Producer Price Index. The flat reading in the headline PPI
followed a 0.2% increase in July. Producer prices were down 0.8% across the 12
months ending in August. Annualized wholesale inflation has now been negative
for seven straight months, influenced by reduced energy and fuel costs.1
COULD WTI CRUDE DIP TO $20 A BARREL?
Analysts
at Goldman Sachs see that possibility. On Friday, they released a note
commenting that the oil market is “even more oversupplied than we had
expected” and that “the potential for oil prices to fall to [levels] near
$20/bbl is becoming greater as storage continues to fill.” In Goldman’s model
scenario, the price of West Texas Intermediate crude dips to $38 in October
and rises to $45 by September 2016. Oil settled at $44.63 on the NYMEX
Friday, falling 3.1% for the week.3,4
STOCKS END THE WEEK HIGHER
Some bullish sentiment crept back into the market ahead of
the Federal Reserve’s September policy meeting. Across four trading days, the
S&P 500 gained 2.07% to a Friday close of 1,961.05. The Dow rose 0.36% to
16,433.09 while the Nasdaq moved up 1.88% to 4,822.34.5
THIS WEEK: Nothing
major is slated for Monday. On Tuesday, reports on August retail sales and August
industrial output appear. Wednesday, the August Consumer Price Index arrives
along with earnings from Cracker Barrel, FedEx, and Oracle. Thursday,
investors worldwide will await the Federal Reserve’s latest policy statement
(a press conference follows); the day’s other news items include August
housing starts and building permits, new initial claims figures and quarterly
results from Adobe and Rite Aid. On Friday, the Conference Board releases its
August leading economic indicators index.
Sources: wsj.com, bigcharts.com, treasury.gov - 9/11/156,7,8,9
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.
|
||||||||||||||||||||||||||||||
|
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 - tinyurl.com/pj74sff [9/11/15]
2 - marketwatch.com/economy-politics/calendars/economic [9/11/15]
3 -
businessinsider.com/goldman-sachs-huge-supply-and-weak-demand-could-send-oil-prices-plunging-to-20-per-barrel-2015-9
[9/11/15]
4 - marketwatch.com/story/oil-pulls-back-after-conflicting-supply-signals-2015-09-11/
[9/11/15]
5 - markets.on.nytimes.com/research/markets/usmarkets/usmarkets.asp
[9/11/15]
6 - markets.wsj.com/us [9/11/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=9%2F11%2F14&x=0&y=0
[9/11/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=9%2F11%2F14&x=0&y=0
[9/11/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=9%2F11%2F14&x=0&y=0
[9/11/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=9%2F10%2F10&x=0&y=0
[9/11/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=9%2F10%2F10&x=0&y=0
[9/11/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=9%2F10%2F10&x=0&y=0
[9/11/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=9%2F9%2F05&x=0&y=0
[9/11/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=9%2F9%2F05&x=0&y=0
[9/11/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=9%2F9%2F05&x=0&y=0
[9/11/15]
8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[9/11/15]
9 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[9/11/15]
|
|||||||||||||||||||||||||||||||
Tuesday, September 15, 2015
Economic Update for the week of September 15th, 2015
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment