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WEEKLY QUOTE
“I
don't think success is harmful, as so many people say. Rather, I believe it
indispensable to talent, if for nothing else than to increase the talent.”
- Jeanne Moreau
WEEKLY TIP
One
way to save more for 2016: reduce or eliminate some of the automatic monthly
charges on your bank and credit card statements (such as gym memberships, software
fees, and subscriptions).
WEEKLY RIDDLE
I
weigh nothing, but you can see me. Put me in a box, and the box will become
lighter. What am I?
Last week’s riddle:
A man and a woman wearing very expensive outfits manage, without
using wheels or any form of assistance, to push a 6-ton object entirely
through their own physical effort. Under what circumstances are they able to
do this?
Last week’s answer:
They are astronauts in outer
space.
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January 19,
2016
LIGHT SWEET
CRUDE SETTLES AT $29.42
Oil closed at its lowest level in more than 12 years
Friday, plummeting 11.3% for the trading week on the NYMEX. Two factors
contributed greatly to the rout: the Energy Information Administration’s
forecast of the global crude glut lasting well into 2017 and the imminent
expiration of sanctions against Iran, which could mean greater crude exports
from that country. The EIA forecast West Texas Intermediate crude prices to
rise to the vicinity of $40 later this year.1,2
CONSUMER
OPTIMISM REMAINS
Rising to 93.3 from its final 2015 mark of 92.6, the
University of Michigan’s initial January consumer sentiment index amounted to
a pleasant surprise during a gloomy week. Another consumer indicator was less
positive: the Commerce Department said that both headline and core retail
sales dipped 0.1% in December.3
PRODUCER PRICE INDEX SLIPS 0.2%
This
statistic is only part of the story regarding wholesale inflation in
December. Minus the volatile food and energy categories, producer prices rose
0.1% last month according to the Labor Department.3
WORRIES ABOUT OIL, CHINA IMPEDE STOCKS
Another dip for Chinese equities and slumping oil prices led
shares lower last week. During January
11-15, the Dow lost 2.19%, the Nasdaq 3.34%, and the S&P 500 2.17%. At
the close, the Dow stood at 15,988.15, the Nasdaq at 4,488.42, the S&P at
1,880.28. Even COMEX gold futures lost 0.7% for the week, settling Friday at
$1,090.70.4,5
THIS WEEK: U.S.
financial markets are closed Monday in observation of Martin Luther King, Jr.
Day. Bank of America, Charles Schwab, Comerica, Delta Air Lines, eBay, IBM, Morgan
Stanley, Nautilus, Netflix, and UnitedHealth Group announce earnings Tuesday,
and China presents its Q4 and 2015 GDP readings. On Wednesday, investors
consider the December CPI, December housing starts and building permits, and
earnings from Briggs & Stratton, Brinker International, Goldman Sachs,
Kinder Morgan, Northern Trust, and Raymond James. Thursday, earnings from Alaska
Air Group, American Express, BoNY Mellon, BB&T, E*TRADE, Fifth Third,
J.B. Hunt, Schlumberger, Starbucks, Southwest Airlines, Travelers, Union
Pacific, and Verizon arrive along with the latest initial claims figures. Friday,
NAR’s December existing home sales numbers and the latest Conference Board
leading indicator index complement earnings from GE and SunTrust Banks.
Sources: forexlive.com, bigcharts.com, treasury.gov - 1/15/164,6,7,8
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 - marketwatch.com/story/oil-plunges-into-the-20s-a-barrel-on-iran-supply-woes-2016-01-15/
[1/15/16]
2 - reuters.com/article/us-eia-outlook-idUSKCN0UQ2BD20160112 [1/12/16]
3 - foxbusiness.com/markets/2016/01/15/stocks-nosedive-as-global-oil-prices-plunge.print.html
[1/15/16]
4 - news.forexlive.com/!/us-stock-indices-end-the-day-down-but-off-lows-20160115
[1/15/16]
5 - marketwatch.com/story/gold-gains-for-the-session-but-falls-for-the-week-2016-01-15
[1/15/16]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=1%2F15%2F15&x=0&y=0
[1/15/16]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=1%2F15%2F15&x=0&y=0
[1/15/16]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=1%2F15%2F15&x=0&y=0
[1/15/16]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=1%2F14%2F11&x=0&y=0
[1/15/16]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=1%2F14%2F11&x=0&y=0
[1/15/16]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=1%2F14%2F11&x=0&y=0
[1/15/16]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=1%2F13%2F06&x=0&y=0
[1/15/16]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=1%2F13%2F06&x=0&y=0
[1/15/16]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=1%2F13%2F06&x=0&y=0
[1/15/16]
7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[1/15/16]
8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[1/15/16]
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Tuesday, January 19, 2016
Economic Update for the week of January 19th, 2016
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