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WEEKLY QUOTE
“It
pays to be obvious, especially if you have a reputation for subtlety.”
- Isaac Asimov
WEEKLY TIP
Are
your investment allocations still in agreement with your investing goals? An
annual review can help you find that out, and determine whether rebalancing
is necessary.
WEEKLY RIDDLE
5
letters have I, I start in E and end in Y. Take away my first, third and last
letter and the 2 letters left will sound the same as when you started with
me. I am a 5-letter word; what word am I?
Last week’s 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 answer:
In Roman numerals. The Roman
numeral L = 50. However, X placed before L means “ten less” than L, so the
Roman numeral XL = 40.
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November 17,
2015
RETAIL PURCHASES
UP JUST 0.1% IN OCTOBER
The tiny increase was actually an improvement, as retail
sales were flat in both August and September. Gas station sales tailed off
0.9% in October, car sales 0.5%; offsetting those declines, online retail
purchases were up 1.4% last month, spending at restaurants and bars up 0.5%. The
Commerce Department’s latest report notwithstanding, the National Retail
Federation projects holiday season retail sales to rise 3.7% this year to
$630.5 billion.1
HOUSEHOLDS THINK POSITIVE
Economists
polled by Bloomberg expected the preliminary November University of Michigan
consumer sentiment index to rise 2.0 points to 92.0. It surpassed that
forecast, reaching 93.1 thanks in large part to consumer expectations of low
inflation and larger wage gains in 2016. Twelve months ago, the index was at
88.8.2
PRODUCER PRICE INDEX DECREASES AGAIN
The
Labor Department’s barometer of wholesale inflation declined 0.4% in October.
September saw the index fall 0.5%. Through October, the PPI was down 1.6%
year-over-year, even though wholesale gasoline prices rose 3.8% last month.
Core producer prices have risen but 0.1% in 12 months.1,3
STOCKS RETREAT ON SOFT DATA, LOW OIL
PRICES
Negative wholesale inflation, tepid retail sales and light
sweet crude ending the week at $40.74 on the NYMEX, its lowest close since
August 26 – that was enough to snap Wall Street’s winning streak. The S&P
500 lost 3.63% on the week to fall to 2,023.04 Friday. The Dow (-3.71%) and
Nasdaq (-4.26%) made similar descents, wrapping up the week at respective
closes of 17,245.24 and 4,927.88.4,5
THIS WEEK: Monday
offers quarterly results from Agilent Technologies and Dillard’s. Tuesday, October’s
CPI and a report on October industrial output complement earnings from Dick’s
Sporting Goods, Home Depot, Jack-in-the-Box, La-Z-Boy, TJX and Walmart.
Minutes from the October Federal Reserve policy meeting appear on Wednesday, along
with October’s housing starts report and earnings from Aramark, Keurig Green
Mountain, L Brands, Lowe’s, NetApp, Staples, Target, The Children’s Place and
Weibo. Thursday brings the Conference Board’s latest leading indicator index,
a new initial claims report and earnings from America’s Car-Mart, Best Buy,
Fresh Market, Gap, Intuit, J.M. Smucker, Kirkland’s, Ross, Stein Mart and
Williams-Sonoma. Abercrombie & Fitch and Foot Locker report Q3 results on
Friday.
Sources: wsj.com, bigcharts.com, treasury.gov - 11/13/156,7,8,9
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 - nbcnews.com/business/economy/online-purchases-eating-out-help-october-retail-sales-edge-higher-n462846
[11/13/15]
2 - 247wallst.com/economy/2015/11/13/consumer-sentiment-climbs-again/
[11/13/15]
3 - usnews.com/news/business/articles/2015/11/13/us-producer-prices-drop-in-latest-sign-of-tame-inflation
[11/13/15]
4 - markets.on.nytimes.com/research/markets/usmarkets/usmarkets.asp
[11/13/15]
5 - marketwatch.com/story/oil-settles-lower-down-8-on-week-2015-11-13
[11/13/15]
6 - markets.wsj.com/us [11/13/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=11%2F13%2F14&x=0&y=0
[11/13/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=11%2F13%2F14&x=0&y=0
[11/13/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=11%2F13%2F14&x=0&y=0
[11/13/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=11%2F12%2F10&x=0&y=0
[11/13/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=11%2F12%2F10&x=0&y=0
[11/13/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=11%2F12%2F10&x=0&y=0
[11/13/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=11%2F14%2F05&x=0&y=0
[11/13/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=11%2F14%2F05&x=0&y=0
[11/13/15]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=11%2F14%2F05&x=0&y=0
[11/13/15]
8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[11/13/15]
9 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[11/13/15]
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Tuesday, November 17, 2015
Economic Update for the week of November 17th, 2015
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