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WEEKLY QUOTE
“Always
be nice to people on the way up, because you’ll meet the same people on the
way down.”
- Wilson Mizner
WEEKLY TIP
If
you are in your forties and behind on your retirement planning, resist the
temptation to direct more money into your child’s college fund than your
retirement accounts.
WEEKLY RIDDLE
The
more of them you will have, the longer you will live – but as you have more
and more of them, the less you have left. What are they?
Last week’s 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 answer:
A hole.
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January 26,
2016
OIL REBOUND
DRIVES STOCKS HIGHER
Thanks to frosty weather hitting the Northeast and a round
of short covering, WTI crude settled at $32.19 on the NYMEX Friday – up 9%
for the day and 9.4% for the week. Oil’s surge (and hopes of quantitative
easing overseas) bolstered stocks: across four days, the Dow gained 0.66% to
16,093.51, the S&P 500 1.41% to 1,906.90, and the Nasdaq 2.29% to
4,591.18.1
EXISTING HOME
SALES PACE IMPROVES 14.7%
This December jump in resales was partly due to November
transactions being delayed by new closing rules. Regardless, 2015 was a good
year for homebuying – existing home sales rose 7.7%, according to the
National Association of Realtors.2
WEAK ENERGY PRICES HELP TO CURB INFLATION
Falling
oil prices, rents, and food costs factored into the 0.1% December retreat of
the Consumer Price Index (the core CPI rose 0.1%). The headline CPI advanced
0.7% in 2015 – the smallest annual increase in the past 50 years.3
BUILDER ACTIVITY TAILS OFF IN DECEMBER
The Census Bureau reported a 3.9% dip in building permits
in December. Housing starts also declined 2.5% last month, but they were up
10.3% year-over-year.3
THIS WEEK: Monday,
investors review earnings from Amgen, D.R. Horton, Halliburton,
Kimberly-Clark, and McDonald’s. On Tuesday, a new Conference Board consumer
confidence index arrives, plus the November S&P/Case-Shiller home price
index and earnings from 3M, Apple, AT&T, Capital One, Chubb, Coach,
Corning, Freeport-McMoRan, Grainger, Parker-Hannifin, Procter & Gamble,
and U.S. Steel. December new home sales numbers and a Federal Reserve policy
statement appear Wednesday, along with earnings from Ameriprise Financial,
Anthem, Biogen, Boeing, Broadcom, Citrix, Dolby Labs, Discover, eBay, Facebook,
General Dynamics, Hanesbrands, Norfolk Southern, PayPal, Qualcomm, SanDisk, Texas
Instruments, and United Rentals. Thursday brings data on pending home sales
and hard goods orders, initial claims numbers, and earnings from Abbott Labs,
Airgas, Alibaba, Altria, Amazon, Bristol-Myers Squibb, Caterpillar, Celgene,
Electronic Arts, Eli Lilly, Ford Motor Co., Harley-Davidson, JetBlue,
Microsoft, Northrup Grumman, PulteGroup, Raytheon, Sherwin-Williams, Time
Warner Cable, Under Armour, Stanley Black & Decker, Valero Energy, VISA,
and Western Digital. The first estimate of Q4 GDP appears Friday, plus the
University of Michigan’s final January consumer sentiment index and earnings
from American Airlines, Chevron, Colgate-Palmolive, Honeywell International,
MasterCard, Phillips 66, Praxair, Whirlpool, and Xerox.
Sources: wsj.com, bigcharts.com, treasury.gov - 1/22/164,5,6,7
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/2016/01/22/us-markets.html [1/22/16]
2 - consumeraffairs.com/news/existing-home-sales-soar-in-december-012216.html
[1/22/16]
3 - reuters.com/article/us-usa-economy-inflation-idUSKCN0UY1LH [1/20/16]
4 - markets.wsj.com/us [1/22/16]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=1%2F22%2F15&x=0&y=0
[1/22/16]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=1%2F22%2F15&x=0&y=0
[1/22/16]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=1%2F22%2F15&x=0&y=0
[1/22/16]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=1%2F21%2F11&x=0&y=0
[1/22/16]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=1%2F21%2F11&x=0&y=0
[1/22/16]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=1%2F21%2F11&x=0&y=0
[1/22/16]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=1%2F20%2F06&x=0&y=0
[1/22/16]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=1%2F20%2F06&x=0&y=0
[1/22/16]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=1%2F20%2F06&x=0&y=0
[1/22/16]
6 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[1/22/16]
7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[1/22/16]
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Tuesday, January 26, 2016
Economic Update for the week of January 26th, 2016
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