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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.
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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.
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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 - 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]
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Thursday, December 17, 2015
Economic Update for the week of December 17th, 2015
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