|
|||||||||||||||||||||||||||||||
WEEKLY QUOTE
“No
one is ready for a thing until he believes he can acquire it.”
- Napoleon Hill
WEEKLY TIP
Before
2016 begins, take a look at your spending patterns. Which expenses are
necessary, which less so? In reviewing them, you could spot opportunities to
save money next year.
WEEKLY RIDDLE
They
are found around the world, attached to ground. They lack mouths, yet they
enjoy a light meal each day. What are they?
Last week’s riddle:
Normally flat and often inscribed, it can fall off the tallest
building and land unscathed, but it can fall off a kayak or raft and be ruined.
What is it?
Last week’s answer:
A piece of paper.
|
December 29,
2015
CONSUMER
SPENDING IMPROVES 0.3%
This November increase matched the forecast of economists
polled by Briefing.com, and it was a nice change after a flat October reading
(revised down from an initially reported 0.1% gain). Consumer incomes also
rose 0.3% in November.1
HOUSEHOLD
OPTIMISM INCREASES IN DECEMBER
At mid-month, the preliminary University of Michigan
consumer sentiment index presented a reading of 91.8. Last week, it rose
slightly to 92.6. Analysts surveyed by Briefing.com expected a final December
reading of 92.0.1
RULE CHANGES HAMPER EXISTING HOME SALES
New
mortgage disclosure rules instituted by the federal government delayed some
closings in November. Therefore, the 10.5% slip in resales reported by the
National Association of Realtors was not all that surprising. New home sales
fared better in November: the Census Bureau reported a 4.3% increase.
Year-over-year, new home buying was up 9.1%.2
FINAL Q3 GDP
NUMBER: 2.0%
The
Bureau of Economic Analysis revised its third-quarter growth estimate last
week; its prior appraisal was 2.1%. In a development related to this
quarter’s GDP, hard goods orders were flat in November.1
OIL REBOUNDS, STOCKS FOLLOW SUIT
The NYMEX price of WTI crude settled at $38.10 a barrel
Christmas Eve, rising 5.7% for the trading week. Wall Street, as a
consequence, had its best week since mid-November. The S&P 500 rose 2.76%
during three-and-a-half trading days to 2,060.99, while the Dow gained 2.47%
to 17,552.17, and the Nasdaq advanced 2.55% t0 5,048.49.3,4
THIS WEEK: Nothing
major is scheduled for Monday. Tuesday sees the release of the October
S&P/Case-Shiller home price index and the Conference Board’s December
consumer confidence index. On Wednesday, NAR’s November pending home sales index
appears. The Labor Department issues a weekly jobless claims report on Thursday,
which is also New Year’s Eve; the bond market will close at 2:00pm EST, but
the NYSE and NASDAQ will be open regular hours. New Year’s Day falls on Friday, with all U.S. financial
markets closed.
Sources: wsj.com, bigcharts.com, treasury.gov - 12/24/155,6,7,8
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.
|
||||||||||||||||||||||||||||||
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 - briefing.com/investor/calendars/economic/2015/12/21-25 [12/23/15]
2 - foxbusiness.com/economy-policy/2015/12/23/new-home-sales/ [12/23/15]
3 - marketwatch.com/story/oil-futures-end-higher-post-strong-gains-in-holiday-shortened-week-2015-12-24
[12/24/15]
4 - cnbc.com/2015/12/24/us-markets.html [12/24/15]
5 - markets.wsj.com/us [12/24/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=12%2F24%2F14&x=0&y=0
[12/24/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=12%2F24%2F14&x=0&y=0
[12/24/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=12%2F24%2F14&x=0&y=0
[12/24/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=12%2F23%2F10&x=0&y=0
[12/24/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=12%2F23%2F10&x=0&y=0
[12/24/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=12%2F23%2F10&x=0&y=0
[12/24/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=12%2F23%2F05&x=0&y=0
[12/24/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=12%2F23%2F05&x=0&y=0
[12/24/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=12%2F23%2F05&x=0&y=0
[12/24/15]
7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[12/24/15]
8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[12/24/15]
|
Tuesday, December 29, 2015
Economic Update for the week of December 29th, 2015
Tuesday, December 22, 2015
Economic Update for the week of December 22, 2015
|
|||||||||||||||||||||||||||||||
WEEKLY QUOTE
“Chance
is always powerful. Let your hook be always cast; in the pool where you least
expect it, there will be a fish.”
- Ovid
WEEKLY TIP
Many
people stay with the same bank for decades. Online tools now make it easier
to compare various banks. If you find your bank’s fees irritating or its ATM
network insufficient, you can explore your options.
WEEKLY RIDDLE
Normally
flat and often inscribed, it can fall off the tallest building and land
unscathed, but it can fall off a kayak or raft and be ruined. What is it?
Last week’s riddle:
Gaze at my flat and anchored face. You will not see 13 any place.
What am I?
Last week’s answer:
A clock.
|
December 22,
2015
TIGHTENING
BEGINS
As anticipated, the Federal Reserve raised the benchmark
interest rate by 0.25% last week. The Federal Open Market Committee voted
10-0 to make the move. Its latest dot-plot forecast projects four rate hikes
during 2016, which would put the federal funds rate above 1% by the end of
next year. The Fed also adjusted the discount rate charged to commercial
banks, raising it a quarter-point to 1.0%.1,2
ANOTHER TOUGH WEEK FOR OIL
Baker
Hughes data showed a gain in the number of active U.S. oil rigs last week,
the first since mid-November. Light sweet crude slipped 0.6% Friday, settling
at $34.73 on the NYMEX and losing 2.5% in five days.3
CORE CONSUMER
PRICES RISE 0.2%
The
core Consumer Price Index matched its October advance in November, taking its
year-over-year gain to 2.0%. As for the headline CPI, it was flat in the
eleventh month of the year and up just 0.5% in 12 months.4
BUILDERS WERE BUSY LAST MONTH
Housing
starts climbed 10.5% in November according to the Census Bureau, nearly
reversing the (revised) 12.0% decline in October. Building permits surged by
11.0% last month, following a 4.1% October rise.4
CRUDE WEIGHS DOWN EQUITIES AGAIN
Aside from a Wednesday rally following the Federal Reserve
decision to raise interest rates, investors had little to cheer last week. During
five days, the S&P 500 declined 0.34% to 2,005.55, the Nasdaq 0.21% to
4,923.08, and the Dow 0.79% t0 17,128.55.3
THIS WEEK: Cintas
and Steelcase report quarterly results Monday. On Tuesday, Wall Street reacts
to November existing home sales figures, the final Q3 GDP number from the
federal government, and earnings from ConAgra Foods, Micron, Nike, and
Paychex. Wednesday’s important items include reports on November personal
spending, new home sales, and capital goods orders and the final December
consumer sentiment index from the University of Michigan. Thursday is
Christmas Eve, with the NYSE and NASDAQ closing at 1:00pm EST; earlier, the
Labor Department will present its usual weekly initial claims report. Friday is Christmas Day; all U.S.
financial markets will be closed.
Sources: wsj.com, bigcharts.com, finance.yahoo.com, treasury.gov - 12/18/155,6,7,8,9
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 - marketwatch.com/story/federal-reserve-lifts-interest-rates-for-first-time-since-2006-2015-12-16
[12/16/15]
2 - marketwatch.com/story/federal-reserve-dot-plot-still-signals-4-interest-rate-hikes-in-2016-2015-12-16
[12/16/15]
3 - cnbc.com/2015/12/18/us-markets.html [12/18/15]
4 - tradingeconomics.com/united-states/calendar [12/18/15]
5 - markets.wsj.com/us [12/18/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=12%2F18%2F14&x=0&y=0
[12/18/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=12%2F18%2F14&x=0&y=0
[12/18/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=12%2F18%2F14&x=0&y=0
[12/18/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=12%2F17%2F10&x=0&y=0
[12/18/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=12%2F17%2F10&x=0&y=0
[12/18/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=12%2F19%2F05&x=0&y=0
[12/18/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=12%2F19%2F05&x=0&y=0
[12/18/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=12%2F19%2F05&x=0&y=0
[12/18/15]
7 - finance.yahoo.com/q/hp?s=^DJI&a=11&b=8&c=2010&d=11&e=11&f=2010&g=d
[12/18/15]
8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[12/18/15]
9 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[12/18/15]
|
Thursday, December 17, 2015
Economic Update for the week of December 17th, 2015
|
|||||||||||||||||||||||||||||||
WEEKLY QUOTE
“We
can have facts without thinking but we cannot have thinking without facts.”
- John Dewey
WEEKLY TIP
Too
many people believe they can create a great lifestyle for themselves by
buying goods and services. They end up with depreciating material items and
large debts. Paying yourself first and investing for the long term is a
better path toward a better quality of life.
WEEKLY RIDDLE
Gaze
at my flat and anchored face. You will not see 13 any place. What am I?
Last week’s riddle:
These two things are measured by units associated with
temperature and time, yet they mark no time and have no temperature. What are
they?
Last week’s answer:
Latitude and longitude.
|
December 17,
2015
HOW LOW WILL
OIL FUTURES GO?
Did they hit bottom Friday afternoon, when WTI crude
settled at $35.62 on the NYMEX? Maybe not, given the International Energy
Agency’s new advisory that the oil glut may grow larger in 2016. Even Brent
crude, the global benchmark, closed at $37.94 at the end of the week. Forecasts
for a mild winter have also disappointed oil investors. Not since February
2009 have WTI crude prices been this low.1
RETAIL SALES IMPROVE 0.2%
The
November gain fell short of the 0.3% advance projected by analysts polled by
Briefing.com, but it surpassed the 0.1% increase for October. Core retail
sales (minus auto, gas, and home improvement purchases) rose a healthy 0.4% last
month.2
CONSUMERS GROW
A BIT MORE POSITIVE
Last
week brought a minor gain for the University of Michigan’s consumer sentiment
index. It had ended November at 91.3; its preliminary December reading was
slightly better at 91.8, beating a Briefing.com consensus forecast of 91.6.2
PRODUCER PRICES HEAD NORTH
After
three months without an advance, the federal government’s Producer Price
Index rose 0.3% for November. The core PPI increased by the same amount. Year
over year, headline PPI was still down 1.1% while core PPI was up 0.5%.2,3
STOCKS RETREAT AS CRUDE PRICES SINK
All three major indices were rattled by the rout in oil. On
the week, the Dow lost 3.26%, the S&P 500 3.79%, and the Nasdaq 4.06%. Their
Friday closes: Nasdaq, 4,933.47; Dow, 17,265.21; S&P, 2,012.37.4
THIS WEEK: Monday,
China releases new data on its industrial output and Navistar and VeriFone offer
Q4 earnings news. The November CPI arrives Tuesday. Wednesday, investors
around the world will react to the Federal Reserve’s latest policy decision
(announcement at 2:00pm EST with subsequent press conference); reports on
November housing starts, building permits and industrial production will also
appear, plus earnings news from Cintas, FedEx, Jabil Circuit, Oracle, and
Pier 1. Thursday, the Conference Board issues its November leading indicator
index, new initial claims figures are released, and Accenture, Carnival,
General Mills, Red Hat, Scholastic Corp., and Winnebago all present earnings.
CarMax, Darden Restaurants, and Lennar round out the week with earnings news
on Friday.
Sources: wsj.com, bigcharts.com, finance.yahoo.com, treasury.gov - 12/11/155,6,7,8,9
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 - cnbc.com/2015/12/10/us-crude-oil-holds-near-2009-lows-as-global-glut-persists.html
[12/11/15]
2 - briefing.com/investor/calendars/economic/2015/12/07-11 [12/11/15]
3 - briefing.com/Investor/Calendars/Economic/Releases/ppi.htm [12/11/15]
4 - markets.on.nytimes.com/research/markets/overview/overview.asp
[12/11/15]
5 - markets.wsj.com/us [12/11/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=12%2F11%2F14&x=0&y=0
[12/11/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=12%2F11%2F14&x=0&y=0
[12/11/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=12%2F11%2F14&x=0&y=0
[12/11/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=12%2F10%2F10&x=0&y=0
[12/11/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=12%2F10%2F10&x=0&y=0
[12/11/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=12%2F12%2F05&x=0&y=0
[12/11/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=12%2F12%2F05&x=0&y=0
[12/11/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=12%2F12%2F05&x=0&y=0
[12/11/15]
7 - finance.yahoo.com/q/hp?s=^DJI&a=11&b=8&c=2010&d=11&e=11&f=2010&g=d
[12/11/15]
8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[12/11/15]
9 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[12/11/15]
|
Subscribe to:
Posts (Atom)