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WEEKLY QUOTE
“It
is better to offer no excuse than a bad one.”
- George Washington
WEEKLY TIP
When
you eliminate a high-interest debt, direct the money that was once going
toward it into an emergency fund, a college fund, or your retirement savings.
WEEKLY RIDDLE
Karen
parks her car beside a hotel and instantly recognizes that she is bankrupt.
How does she know this?
Last week’s 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 answer:
Heartbeats.
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February 2,
2016
ONE CONFIDENCE
POLL RISES, ANOTHER FALLS
The Conference Board’s consumer confidence index rose in
January to 98.1, beating the Briefing.com forecast of 96.3. The University of
Michigan’s consumer sentiment index lost 0.6 points on the month, ending January
at 92.0.1,2
NEW HOME SALES
LEAP 10.8%
Census Bureau data showed new home buying at its hottest
pace in 10 months in December – a seasonally adjusted annual rate of 544,000
sales. New home sales were up 14.5% for 2015. In other housing news, the National
Association of Realtors said pending home sales rose 0.1% in December after a
1.1% November dip.1,3
FIRST ESTIMATE OF Q4 GROWTH: 0.7%
Away
from that disappointing number, the Bureau of Economic Analysis presented
some better data: America’s economy grew 2.4% in 2015, and household spending
rose 3.1% last year. Still, another indicator affirmed recent manufacturing
weakness: after an 0.5% retreat in December, durable goods orders fell 5.1%
in January.1,2
STOCKS RALLY AS JANUARY ENDS
The Federal Reserve stood pat on interest rates last week,
the Bank of Japan opted for negative interest rates, and oil prices stabilized.
These developments sent shares higher: across five days, the Dow gained 2.32%
to 16,466.30, the Nasdaq 0.50% to 4,613.95, and the S&P 500 1.75% to 1,940.24.4,5
THIS WEEK: On Monday,
the December personal spending report and ISM’s January factory PMI
complement earnings from Aetna, Aflac, Alphabet, AmeriGas, Anadarko
Petroleum, Mattel, Rent-A-Center, Sysco, Tesoro, and Wynn Resorts. Archer
Daniels Midland, Chipotle, Dow Chemical, ExxonMobil, Gilead Sciences, Keurig
Green Mountain, Michael Kors, Motorola Solutions, Pfizer, Pitney Bowes,
Ryder, Sirius XM, and Yahoo! all offer earnings Tuesday. ISM’s latest service
sector PMI and ADP’s January employment change report appear Wednesday, plus
earnings from Allstate, Buffalo Wild Wings, Comcast, Exelon, General Motors,
GlaxoSmithKline, GoPro, Marathon Petroleum, Merck, MetLife, Noble Corp., Shutterfly,
Spectra Energy, Take-Two Interactive, and Yum! Brands. Thursday, the January
Challenger job-cut report and a new initial claims report accompany earnings
from Beazer Homes, Cigna, Clorox, ConocoPhillips, Dunkin’ Brands, Genworth
Financial, GrubHub, Kemper, LinkedIn, Lions Gate, Magellan Midstream, News
Corp., Occidental Petroleum, Philip Morris, Piper Jaffray, Ralph Lauren,
SkyWest, Snap-On, and Valero Energy. The Labor Department’s January jobs
report and earnings from Estee Lauder, Tyson Foods, and Weyerhaeuser emerge
Friday.
Sources: wsj.com, bigcharts.com, treasury.gov - 1/29/166,7,8,9
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 - briefing.com/investor/calendars/economic/2016/01/25-29 [1/29/16]
2 - bloomberg.com/news/articles/2016-01-29/fourth-quarter-growth-sentiment-cool-u-s-economic-takeaways
[1/29/16]
3 - usnews.com/news/business/articles/2016-01-27/us-new-home-sales-soar-in-december
[1/27/16]
4 - reuters.com/article/us-usa-fed-kaplan-idUSKCN0V7293 [1/29/16]
5 - markets.wsj.com/us [1/29/16]
6 - markets.wsj.com/us [1/29/16]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=1%2F29%2F15&x=0&y=0
[1/29/16]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=1%2F29%2F15&x=0&y=0
[1/29/16]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=1%2F29%2F15&x=0&y=0
[1/29/16]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=1%2F28%2F11&x=0&y=0
[1/29/16]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=1%2F28%2F11&x=0&y=0
[1/29/16]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=1%2F28%2F11&x=0&y=0
[1/29/16]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=1%2F30%2F06&x=0&y=0
[1/29/16]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=1%2F30%2F06&x=0&y=0
[1/29/16]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=1%2F30%2F06&x=0&y=0
[1/29/16]
8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[1/29/16]
9 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[1/29/16]
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Tuesday, February 2, 2016
Economic Update for the week of February 2, 2016
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