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WEEKLY QUOTE
“We
cannot change anything unless we accept it.”
- Carl Jung
WEEKLY TIP
To
figure out how much liquidity you have (i.e., how large your emergency fund
is), divide your liquid assets by your monthly expenses. Hopefully, the
number that results is 3 or greater.
WEEKLY RIDDLE
What
5-letter word for a type of crop can you remove 2 letters from, then
rearrange the 3 letters left to make the word “tea?”
Last week’s 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 answer:
20 times. (3, 13, 23, 30, 31, 32,
33, 34, 35, 36, 37, 38, 39, 43, 53, 63, 73, 83, 93.)
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November 2,
2015
MIXED CONSUMER
SIGNALS AT MONTH’s END
Commerce Department data showed personal spending up only
0.1% for September. The Conference Board’s consumer confidence index fell 5.0
points in October to a mark of 97.6; the University of Michigan’s index of
household sentiment did rise 2.8 points on the month to a final October reading
of 90.0.1
FEWER NEW HOMES SOLD IN SEPTEMBER
New
home buying weakened 15.2% in that month according to the Census Bureau, and
the yearly sales pace hit a 10-month low. Additionally, the National
Association of Realtors reported a 2.3% decline in its pending home sales
index for September. In better news, the 20-city S&P/Case-Shiller home
price index ticked north slightly – existing home prices were up 4.7% in the
12 months ending in August.2
U.S. ECONOMY GREW 1.5% IN Q3
The
federal government’s first estimate of Q3 GDP was disappointing after 3.9% Q2
growth. A 3.2% quarterly personal spending gain did not fully offset a major
drop in business spending and the largest 3-month reduction in inventories since
2012.3
WALL STREET’S COMEBACK CONTINUES
All three major indices posted minor gains last week. The
Nasdaq added 0.43% to reach 5,053.75 Friday, while the S&P 500 rose 0.20%
to close the week at 2,079.36. The Dow advanced 0.10% to a month-end
settlement of 17,663.54.4
THIS WEEK: October’s
ISM factory PMI appears Monday, plus earnings from Allstate, AMC
Entertainment, Aramark, Clorox, Health Net, Loews, Noble Energy, Omega
Healthcare, Sysco, and Visa. Tuesday brings a September factory orders report
and results from Activision Blizzard, Archer Daniels Midland, Sprint, Tesla, Groupon,
Herbalife, Hyatt Hotels, Kellogg, Mosaic, Office Depot, Papa John’s, Sempra
Energy, Martin Marietta, Vulcan Materials, and Zynga. October’s ADP job
change report and ISM services index surface on Wednesday, plus earnings from
Allergan, Avon, Blackrock Capital, Etsy, FTD, Facebook, Marathon Oil, MetLife,
Michael Kors, Motorola Solutions, Prudential, Qualcomm, Revlon, Rosetta
Stone, Time Warner, Transocean, Wendy’s, and Whole Foods. Thursday, new initial
claims and Challenger job-cut reports arrive plus results from AMC Networks, Con
Edison, DreamWorks, Duke Energy, iHeartMedia, Kemper, Kraft Heinz, Molson
Coors, Marcus & Millichap, Monster Beverage, News Corp., Ralph Lauren, Red
Lion Hotels, Nvidia, Shake Shack, Take Two Interactive, Tribune Publishing,
Walt Disney Co., Symantec, and Wingstop. The Labor Department’s October jobs
report comes out Friday, plus earnings from Cigna, E.W. Scripps Co., Humana,
and LoJack.
Sources: wsj.com, bigcharts.com, treasury.gov - 10/30/155,6,7,8
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 - marketwatch.com/economy-politics/calendars/economic
[10/30/15]
2 - thefiscaltimes.com/2015/10/29/US-Housing-Gets-Hit-Double-Whammy
[10/29/15]
3 - marketwatch.com/story/third-quarter-gdp-lands-with-thud-just-15-growth-2015-10-29
[10/29/15]
4 - markets.on.nytimes.com/research/markets/usmarkets/usmarkets.asp
[10/30/15]
5 - markets.wsj.com/us [10/30/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=10%2F30%2F14&x=0&y=0
[10/30/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=10%2F30%2F14&x=0&y=0
[10/30/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=10%2F30%2F14&x=0&y=0
[10/30/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=10%2F29%2F10&x=0&y=0
[10/30/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=10%2F29%2F10&x=0&y=0
[10/30/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=10%2F29%2F10&x=0&y=0
[10/30/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=10%2F31%2F05&x=0&y=0
[10/30/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=10%2F31%2F05&x=0&y=0
[10/30/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=10%2F31%2F05&x=0&y=0
[10/30/15]
7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[10/30/15]
8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[10/30/15]
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Tuesday, November 3, 2015
Economic Update for the week of November 2nd, 2015
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