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WEEKLY QUOTE
“Sooner
or later we all quote our mothers.”
- Bernard Williams
WEEKLY TIP
If
you own a business and need a new credit card, do a little research. If you
travel frequently, a card offering travel perks or insurance might be ideal.
If you know you will have an outstanding monthly balance, look for a low
interest rate.
WEEKLY RIDDLE
When
you shop for clothes, XL is always larger than L...but clothing sizes aside,
in what numerical context is L larger than XL?
Last week’s 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 answer:
Wheat.
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November 10,
2015
OCTOBER WAS A
GREAT MONTH FOR JOB GROWTH
Employers added 271,000 new jobs last month according to
the Labor Department, far surpassing the Bloomberg consensus forecast of 182,000.
The jobless rate ticked down to an even 5.0% while the U-6 rate measuring
“total” unemployment fell to 9.8%. Wages also rose nine cents to $25.20, up
2.5% in 12 months; that is the largest yearly improvement in six years. If
November hiring compares to this, the Federal Reserve may be encouraged to
raise interest rates in December.1
NOTABLE EXPANSION IN THE SERVICE SECTOR
The
Institute for Supply Management’s non-manufacturing PMI hit 59.1 for October,
rising 2.2 points. At the same time, ISM’s manufacturing PMI ticked down to a
troubling 50.1, indicating minimal sector growth in the year’s tenth month.
The two indices have not seen a 9-point difference in 14 years.2
A DISAPPOINTING SOCIAL SECURITY CHANGE
April
30, 2016 will mark the last day that some married couples will be able to use
the file-and-suspend strategy to claim Social Security benefits. In addition,
divorced people born after January 2, 1954 will no longer be able to file a
restricted application for Social Security benefits after that date. This is all
due to passage of the Bipartisan Budget Act of 2015. Married couples may
still employ restricted application and file-and-suspend strategies until
April 30, as long as one spouse will be age 66 at that date while the other
spouse will be age 62 or older in 2015.3,4
ANOTHER WEEK OF GAINS
Across five days, the S&P 500 added another 0.95% to
settle at 2,099.20 Friday. The index is up 6.02% in the past month. The
Nasdaq ended the week at 5,147.12, rising 1.85%; the Dow’s weekly gain was 1.40%,
and that took the blue chips to a Friday close of 17,910.33.5
THIS WEEK: Wall
Street looks at earnings from Dean Foods, DISH Network, Hertz Global, Jamba,
Lions Gate Entertainment and Priceline Group on Monday. Tuesday’s earnings
parade includes results from Beazer Homes, D.R. Horton, and Tribune Media. On
Wednesday, earnings arrive from Dillard’s, Macy’s, NetEase, Popeyes, and Smart
& Final. A new initial claims report appears Thursday, plus results from Advance
Auto Parts, Applied Materials, Cisco, El Pollo Loco, Fossil, Kohl’s, Nordstrom,
and Planet Fitness. On Friday, investors examine October retail sales
figures, the October PPI, the initial November University of Michigan
consumer sentiment index, and Q3 results from J.C. Penney.
Sources: wsj.com, bigcharts.com, treasury.gov - 11/6/156,7,8,9
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.
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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 - usatoday.com/story/money/2015/11/06/october-jobs-report/75247628/
[11/6/15]
2 - usnews.com/news/business/articles/2015/11/04/private-survey-growth-of-us-services-sector-surged-in-oct
[11/4/15]
3 - cbsnews.com/news/new-rules-for-social-security-claiming-strategies/
[11/4/15]
4 - marketwatch.com/story/social-security-changes-will-hit-couples-divorced-women-hard-2015-11-06
[11/6/15]
5 - markets.on.nytimes.com/research/markets/usmarkets/usmarkets.asp
[11/6/15]
6 - markets.wsj.com/us [11/6/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=11%2F6%2F14&x=0&y=0
[11/6/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=11%2F6%2F14&x=0&y=0
[11/6/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=11%2F6%2F14&x=0&y=0
[11/6/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=11%2F5%2F10&x=0&y=0
[11/6/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=11%2F5%2F10&x=0&y=0
[11/6/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=11%2F5%2F10&x=0&y=0
[11/6/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=11%2F7%2F05&x=0&y=0
[11/6/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=11%2F7%2F05&x=0&y=0
[11/6/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=11%2F7%2F05&x=0&y=0
[11/6/15]
8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[11/6/15]
9 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[11/6/15]
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Tuesday, November 10, 2015
Economic Update for the week of November 10th, 2015
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