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WEEKLY QUOTE
“To
imagine the unimaginable is the highest use of the imagination.”
- Cynthia Ozick
WEEKLY TIP
As
the year begins, review your estate plan to see if there are any documents
that need revising.
WEEKLY RIDDLE
There
is an adjective. When you take away the whole from it, some still remains.
What adjective is this?
Last week’s 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 answer:
Plants.
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January 7,
2016
HOUSEHOLDS
MORE OPTIMISTIC AS 2016 APPROACHES
In December, consumer confidence increased. The Conference
Board’s respected index posted a reading of 96.5 in the last month of the
year, 3.9 points above its revised November mark. Economists surveyed by
Briefing.com expected a reading of just 93.5.1
PENDING HOME
SALES INDEX FALLS
The National Association of Realtors reported a 0.9%
decrease in housing contract activity in November, in contrast to the 0.5%
improvement that economists contacted by the Wall Street Journal had expected. Pending home sales were still
up 2.7% annually through November, despite declining for three of the past
four months.2
HOME PRICES ADVANCE 5.5% YEAR-OVER-YEAR
This
annualized gain in the latest (October) edition of the 20-city
S&P/Case-Shiller Home Price Index is the largest recorded since August
2014. Through October, the Case-Shiller had risen 36.4% from its March 2012 low.1,3
S&P 500 POSTS SMALL LOSS FOR 2015
At the close on December 31, the broad benchmark settled
at 2,043.94, going -0.21% for the shortened trading week and -0.73% for the
year. The Dow ended 2015 at 17,425.03, going -0.18% for the week and -2.23%
year-over-year. Of the three major U.S. indices, only the NASDAQ had a
positive 2015; after a -0.20% weekly descent to a December 31 close of
5,007.41, its yearly performance was still strongly in the plus column at +5.73%.
Oil ended the year at $37.04 on the NYMEX, posting a 30.5% 2015 loss; gold
ended 2015 at $1,060.20 on the COMEX, down 10.5% for the year.4,5
THIS WEEK: ISM’s
December manufacturing PMI appears Monday, and markets will also react to
China’s latest factory PMI readings. Sonic and SuperValu present earnings on Tuesday.
Wall Street will scrutinize the minutes from the December Federal Reserve
policy meeting on Wednesday, as well as the December ADP employment change
report, the December ISM non-manufacturing PMI and earnings from Monsanto. The
December Challenger job-cut report arrives on Thursday, plus new initial
claims figures and earnings from Barracuda Networks, Bed Bath & Beyond,
Constellation Brands, The Container Store, KB Home, PriceSmart, Ruby Tuesday,
WD-40, and Walgreens Boots Alliance. Investors will consider the Labor
Department’s December jobs report on Friday.
Sources: wsj.com, bigcharts.com, treasury.gov - 12/31/155,6,7,8
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.
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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 - briefing.com/investor/calendars/economic/2015/12/28-01 [12/30/15]
2 - foxbusiness.com/economy-policy/2015/12/30/pending-home-sales-post-unexpected-drop-in-november/
[12/30/15]
3 - marketwatch.com/story/double-digit-home-price-gains-continue-in-some-cities-spcase-shiller-says-2015-12-29
[12/29/15]
4 - markets.wsj.com/us [12/24/15, 12/31/15]
5 - schaeffersresearch.com/content/ezines/2015/12/31/s-p-dow-jones-industrial-average-snap-annual-winning-streaks
[12/31/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=12%2F31%2F10&x=0&y=0
[12/31/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=12%2F31%2F10&x=0&y=0
[12/31/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=12%2F31%2F10&x=0&y=0
[12/31/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=12%2F30%2F05&x=0&y=0
[12/31/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=12%2F30%2F05&x=0&y=0
[12/31/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=12%2F30%2F05&x=0&y=0
[12/31/15]
7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[12/31/15]
8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[12/31/15]
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Thursday, January 7, 2016
Economic Update for the week of January 7th, 2016
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