|
|||||||||||||||||||||||||||||||
|
WEEKLY QUOTE
“Yesterday
is not ours to recover, but tomorrow is ours to win or to lose.”
- Lyndon B. Johnson
WEEKLY TIP
Most
employers pay their workers 26 times per year. As a consequence, most people
receive three paychecks during two months of the year instead of two. If your
budget allows, you could devote some or all of that third monthly paycheck to
wiping out a debt.
WEEKLY 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 riddle:
In what year did Christmas and New Year’s Day happen in the same
year?
Last week’s answer:
They happen in every year.
|
December 8,
2015
JOBS REPORT
GIVES THE FeD A GREEN LIGHT
The economy created 211,000 jobs in November – a healthy
hiring total that could prompt the Federal Reserve to tighten for the first
time since 2006. Job growth has averaged 218,000 over the past three months
(the Labor Department just revised October and November job gains upward by a
total of 35,000 hires). Unemployment remained at 5.0% in November while
underemployment (the U-6 rate) ticked up to 9.9%. Yearly wage growth was at
2.3%. Economists polled by Briefing.com expected 196,000 November payroll
additions.1,2
SERVICE SECTOR GROWS, FACTORY SECTOR
SHRINKS
According
to the Institute for Supply Management, U.S. manufacturing contracted last
month. The ISM factory PMI came in at a troubling 48.6, down from 50.1 in
October (anything over 50 denotes growth). The Institute’s service sector PMI
declined 3.2 points in November, but its 55.9 mark indicated solid expansion.2
PENDING HOME SALES INDEX IMPROVES
Housing
contract activity increased 0.2% in October, representing a turnaround for the
pending home sales index maintained by the National Association of Realtors.
The index had retreated 2.3% in September.2
OIL SETTLES AT $39.97
Light
sweet crude closed below the $40 level Friday, losing 2.7% for the day. Gold,
on the other hand, gained $22.90 on the COMEX Friday to close at $1,084.10.3
A FRIDAY RALLY LEADS TO A WINNING WEEK
Two things turned a down week into a slightly positive one
on Wall Street: the latest jobs report and European Central Bank president
Mario Draghi’s comment that the ECB’s stimulus effort had “no particular
limit.” The Dow rallied 369.96 Friday. Across five trading days, the Nasdaq gained
0.29%, the Dow 0.28% and the S&P 500 0.08%. The Friday settlements:
Nasdaq, 5,142.27; Dow, 17,847.63; S&P, 2,091.69.3
THIS WEEK: Diamond
Foods and H&R Block present earnings Monday. Tuesday offers earnings news
from AutoZone, Casey’s General Stores, Dave & Buster’s, Krispy Kreme,
Smith & Wesson and Toll Brothers. Wednesday brings earnings from Costco,
Lululemon Athletica, Men’s Wearhouse and Pep Boys. In addition to a new
initial jobless claims report, Thursday will also see earnings announcements
from Adobe and Restoration Hardware. The November PPI, November retail sales
numbers and the initial December University of Michigan consumer sentiment
index will all be released on Friday.
Sources: wsj.com, bigcharts.com, finance.yahoo.com, treasury.gov - 12/4/154,5,6,7,8
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 -
forbes.com/sites/samanthasharf/2015/12/04/solid-jobs-report-211000-jobs-added-in-november-unemployment-rate-unchanged-at-5/
[12/4/15]
2 - briefing.com/investor/calendars/economic/2015/11/30-04 [12/4/15]
3 - cnbc.com/2015/12/04/us-markets.html [12/4/15]
4 - markets.wsj.com/us [12/4/15]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=12%2F4%2F14&x=0&y=0
[12/4/15]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=12%2F4%2F14&x=0&y=0
[12/4/15]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=12%2F4%2F14&x=0&y=0
[12/4/15]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=12%2F3%2F10&x=0&y=0
[12/4/15]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=12%2F3%2F10&x=0&y=0
[12/4/15]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=12%2F5%2F05&x=0&y=0
[12/4/15]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=12%2F5%2F05&x=0&y=0
[12/4/15]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=12%2F5%2F05&x=0&y=0
[12/4/15]
6 - finance.yahoo.com/q/hp?s=^DJI&a=11&b=4&c=2010&d=11&e=10&f=2010&g=d
[12/4/15]
7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[12/4/15]
8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[12/4/15]
|
|||||||||||||||||||||||||||||||
Tuesday, December 8, 2015
Economic Update for the week of December 8, 2015
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment