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WEEKLY QUOTE
“Rules
too soft are seldomly followed; rules too harsh are seldomly executed.”
- Ben Franklin
WEEKLY TIP
In
retirement, one of your goals should be to grow your assets faster than
inflation devalues them. You must sustain your purchasing power.
WEEKLY RIDDLE
Robert
will paint unit numbers on 100 storage units today. In the course of painting
a number from 1 to 100 on the door of each unit, how many times will he have
to paint the numeral 3 today?
Last week’s riddle:
Until it is measured it is not accurately known, yet you may miss
it when it has flown. What is it?
Last week’s answer:
Time.
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October 27,
2015
EXISTING HOME
SALES ACCELERATE
The National Association of Realtors measured a 4.7% gain
in residential resales for September, and the annualized sales pace of 5.55
million units was the second best seen since February 2007. Over the past 12
months, existing home sales are up 8.8% with the average sale price up 6.1% (September’s
median sale price was $221,900).1
MORE HOUSING STARTS IN SEPTEMBER
Last
month saw a 6.5% increase in groundbreaking according to the Census Bureau.
That brought the 12-month increase in housing starts to 17.5%. The rate of
building permits issued fell by 5.0% in September, but that still left a 4.7%
yearly gain.2
OIL & GOLD RETREAT
On
the COMEX, gold settled at $1,162.80 Friday, marking a 1.7% weekly loss. WTI
crude dropped 5.6% last week, settling Friday at $44.60 on the NYMEX.3
S&P TURNS POSITIVE YTD; NASDAQ BACK
ABOVE 5,000
More easing by China’s central bank and strong earnings from
tech giants helped equities. The Nasdaq rose 2.97% for the week to a Friday
close of 5,031.86. The Dow rose 2.50% on the week to 17,646.70, the S&P
500 2.07% to 2,075.15.3,4
THIS WEEK: September
new home sales figures arrive Monday, plus earnings from Cheesecake Factory, MGM
Resorts and Xerox. Tuesday brings September’s durable goods report, August’s
Case-Shiller home price index, the latest Conference Board consumer
confidence index and earnings from Airgas, Anadarko Petroleum, Alibaba, Apple,
Big 5, Bristol-Myers Squibb, Coach, Comcast, Corning, Cummins, Express Scripts, Ford Motor Co., Edison International, JetBlue, Lexmark, Macerich, Magellan Health, Merck, NCR, Panera, Pfizer,
Revlon, Spirit Airlines, T-Mobile, Twitter and Waste Management. A new
Federal Reserve policy statement appears Wednesday plus earnings from Amgen,
Anthem, AutoNation, Buffalo Wild Wings, Ferrari, General Dynamics, Garmin, GoPro,
IMAX, Hanesbrands, HealthSouth, Hershey, Hilton Worldwide, LifeLock,
Marriott, PG&E, Norfolk Southern, O’Reilly, Public Storage, Starwood
Hotels & Resorts, Tesoro, Valero, Western Digital and Yelp. Thursday
offers the first estimate of Q3 GDP, a new initial claims report, and
earnings from Aetna, Altria, Baidu, Coca-Cola, ConocoPhillips, Electronic
Arts, Expedia, Fluor, LinkedIn, Live Nation, MasterCard, Starbucks, Sherwin-Williams,
Time Warner Cable, Virgin America and Western Union. Friday, new personal
spending figures and October’s final University of Michigan consumer
sentiment index are out, plus earnings from Chevron, Colgate-Palmolive, CVS
Health, ExxonMobil, Phillips 66, Seagate and Weyerhaeuser.
Sources: wsj.com, bigcharts.com, treasury.gov - 10/23/155,6,7,8
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 - cnbc.com/2015/10/22/existing-home-sales-hit-555m-units-in-sept-vs-expectations-of-538m.html
[10/22/15]
2 - 247wallst.com/housing/2015/10/20/housing-starts-rose-less-than-expected-in-september/
[10/20/15]
3 - 247wallst.com/investing/2015/10/23/the-4-stocks-that-dominated-the-dow-on-friday/
[10/23/15]
4 - markets.on.nytimes.com/research/markets/usmarkets/usmarkets.asp
[10/23/15]
5 - markets.wsj.com/us [10/23/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=10%2F23%2F14&x=0&y=0
[10/23/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=10%2F23%2F14&x=0&y=0
[10/23/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=10%2F23%2F14&x=0&y=0
[10/23/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=10%2F22%2F10&x=0&y=0
[10/23/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=10%2F22%2F10&x=0&y=0
[10/23/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=10%2F22%2F10&x=0&y=0
[10/23/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=10%2F24%2F05&x=0&y=0
[10/23/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=10%2F24%2F05&x=0&y=0
[10/23/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=10%2F24%2F05&x=0&y=0
[10/23/15]
7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[10/23/15]
8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[10/23/15]
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Tuesday, October 27, 2015
Economic update for the week of October 27th, 2015
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