| |||||||||||||||||||||||||||||||
WEEKLY QUOTE
“Before you are a
leader, success is all about growing yourself. When you become a leader, success
is all about growing others.”
- Jack
Welch
WEEKLY TIP
Canceling an old credit
card may be a bad idea if you have a good credit history. Part of that history
is based on long you have been borrowing, and if that old card has a good
history attached to it, it may be wiser to keep it.
WEEKLY RIDDLE
You put me on a table.
You cut me, yet you will not eat me. What am I?
Last week’s riddle:
Why is B the
coolest letter within the alphabet?
Last week’s answer:
It
is surrounded by A-C.
|
March 29,
2016
MIXED NEWS ON
HOME SALES
New home buying
increased 2.0% in February, with all of the gain attributable to a remarkable
38.5% jump in sales in the West (a region which had witnessed a 32.7% January
plunge in new home purchases). In contrast to this Census Bureau data, the
National Association of Realtors noted a 7.1% February decline in existing home
sales, with tightening inventory a factor. Last month, the median sale price of
a new home was $301,400, up 2.6% in a year; the median existing home sale price
was $210,800, up 4.4% from 12 months ago.1
THE ECONOMY
EXPANDED 1.4% IN Q4
Last quarter’s GDP was
just revised upward by the Bureau of Economic Analysis. In its previous
estimate, the BEA had measured Q4 growth at 1.0%. Analysts polled by
Briefing.com had expected no change for the third and final
estimate.2
HARD GOODS
ORDERS DECLINE
Overall orders for
capital goods dipped 2.8% for February, according to the Census Bureau. With
transportation orders removed, the number looked better; the pullback in core
durable goods orders was just 1.0%. In January, overall durable goods orders
increased 4.2% while core orders rose 1.2%.2
AN EXTENDED
RALLY ENDS
Hawkish comments from
some Federal Reserve officials held stocks and commodities in check last week,
contributing to the end of a 5-week win streak. Across four trading days, the
S&P 500 retreated 0.67% to 2,035.94; the Nasdaq Composite, 0.46% to
4,773.50; and the Dow Jones Industrial Average, 0.49% to 17,515.73. Gold had its
worst week in more than five months, giving back 2.6% to settle at $1,221.60 on
the COMEX Friday. Oil ended the week at $39.46 on the
NYMEX.3
THIS
WEEK: On
Monday, Wall Street will consider February consumer spending and pending home
sales reports.
Janet
Yellen speaks on monetary policy Tuesday in New York, and, in addition to her
statements, investors will look at the Conference Board’s new consumer
confidence survey, January’s S&P/Case-Shiller home price index, and earnings
from Dave & Buster’s, Lennar, and Sonic. Wednesday offers the March ADP
employment change report and earnings from Lululemon Athletica and Paychex.
Thursday, the March Challenger job-cut report and new initial claims figures
arrive. The Labor Department’s latest employment report, the final March
consumer sentiment report from the University of Michigan, the March ISM
manufacturing PMI, and China’s latest manufacturing PMIs all appear Friday.
Sources: wsj.com, bigcharts.com, treasury.gov - 3/25/164,5,6,7
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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free to forward this article to family, friends or colleagues.
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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
- latimes.com/business/la-fi-new-home-sales-20160323-story.html
[3/23/16]
2 -
briefing.com/investor/calendars/economic/2016/03/21-25 [3/25/16]
3 -
cnbc.com/2016/03/24/us-markets.html [3/24/16]
4 -
markets.wsj.com/us [3/25/16]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F25%2F15&x=0&y=0
[3/25/16]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F25%2F15&x=0&y=0
[3/25/16]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F25%2F15&x=0&y=0
[3/25/16]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F25%2F11&x=0&y=0
[3/25/16]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F25%2F11&x=0&y=0
[3/25/16]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F25%2F11&x=0&y=0
[3/25/16]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F24%2F06&x=0&y=0
[3/25/16]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F24%2F06&x=0&y=0
[3/25/16]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F24%2F06&x=0&y=0
[3/25/16]
6 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[3/25/16]
7
-
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[3/25/16]
|
Tuesday, March 29, 2016
Economic update for the week of March 29th, 2016
Tuesday, March 22, 2016
Economic Update for the week of March 22nd, 2016
| |||||||||||||||||||||||||||||||
WEEKLY QUOTE
“If your success is not
on your own terms, if it looks good to the world but does not feel good in your
heart, it is not success at all.”
- Anna
Quindlen
WEEKLY TIP
When shopping for
business insurance, ask any trade or professional organizations you belong to if
they can provide discounted coverage. If you are not a member of such an
organization, you may want to join for that reason.
WEEKLY RIDDLE
Why is B the coolest
letter within the alphabet?
Last week’s riddle:
What
mathematical symbol can be put between 5 and 9 to get a number bigger than 5 and
smaller than 9?
Last week’s answer:
A
decimal point: 5.9.
|
March 22,
2016
FEDERAL
RESERVE SENDS A DOVISH SIGNAL
The Federal Open Market
Committee voted 9-1 to leave interest rates unchanged last week, and it also
scaled back its rate hike expectations for 2016. The central bank’s latest
dot-plot projects just two interest rate increases by the end of the year with a
median forecast of 0.9% for the federal funds rate as 2017 begins. Fed
policymakers now estimate economic growth of 2.2% in 2016, with inflation at
1.2% as the fourth quarter ends.1
CORE PRICES UP
MORE THAN 2% IN 12 MONTHS
The core Consumer Price
Index measured 2.3% annualized inflation in February as a result of its 0.3%
monthly increase. Headline consumer prices retreated 0.2% last month, slimming
the year-over-year gain in headline CPI to 1.0%. As for the Producer Price
Index, it fell 0.2% in February with the core PPI
unchanged.2
THE LATEST on
SALES, SENTIMENT & STARTS
According to the
Commerce Department, retail sales tailed off 0.1% in February. (The decline was
the same minus auto sales.) The University of Michigan’s March consumer
sentiment index also retreated; its 90.0 initial March reading was 1.7 points
below its final February mark. Census Bureau figures showed housing starts
increasing 5.2% last month, although building permits decreased
3.1%.2
DOW,
S&P TURN POSITIVE FOR 2016
Wall Street rallied last
week with help from recent, accommodative policy statements issued by the Fed,
the Bank of Japan, and the European Central Bank. March 14-18 saw the Dow Jones
Industrial Average rise 2.26% to 17,602.30; the Nasdaq Composite, 0.99% to
4,795.65; and the S&P 500, 1.35% to 2,049.58.
Elsewhere in New York, light sweet crude settled at $39.44 on Friday,
gold at $1,254.30.3
THIS
WEEK: Monday
offers the February existing home sales report from the National Association of
Realtors and earnings from Carnival. Krispy Kreme, Nike, Red Hat, and Steelcase
post earnings Tuesday. Wednesday, February new home sales figures complement
earnings announcements from Fred’s, General Mills, KB Home, and Oxford
Industries. Reports on initial jobless claims and February durable goods orders
arrive Thursday, plus earnings from Accenture, Finish Line, GameStop, and
Winnebago. March 25 is Good Friday; while the federal government will issue its
final estimate of Q4 GDP, the NYSE and NASDAQ will be closed.
Sources: wsj.com, bigcharts.com, treasury.gov - 3/18/164,5,6,7
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.
| ||||||||||||||||||||||||||||||
Please feel
free to forward this article to family, friends or colleagues.
If you would like us to add them to our distribution list, please reply with their address. We will contact them first and request their permission to add them to our list. | |||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||
«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/federal-reserve-sees-just-two-rate-hikes-in-2016-2016-03-16
[3/16/16]
2
- tradingeconomics.com/united-states/calendar [3/18/16]
3
- cnbc.com/2016/03/18/us-markets.html [3/18/16]
4
- markets.wsj.com/us [3/18/16]
5
-
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F18%2F15&x=0&y=0
[3/18/16]
5
-
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F18%2F15&x=0&y=0
[3/18/16]
5
-
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F18%2F15&x=0&y=0
[3/18/16]
5
-
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F18%2F11&x=0&y=0
[3/18/16]
5
-
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F18%2F11&x=0&y=0
[3/18/16]
5
-
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F18%2F11&x=0&y=0
[3/18/16]
5
-
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F17%2F06&x=0&y=0
[3/18/16]
5
-
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F17%2F06&x=0&y=0
[3/18/16]
5
-
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F17%2F06&x=0&y=0
[3/18/16]
6
-
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[3/18/16]
7
-
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[3/18/16]
|
Tuesday, March 15, 2016
Economic Update for the week of March 15th, 2016
| |||||||||||||||||||||||||||||||
WEEKLY QUOTE
“Believe those who are
seeking the truth. Doubt those who find it.”
- Andre
Gide
WEEKLY TIP
If your student will
graduate from college with multiple, large student loans with different lenders,
consolidating those loans may leave just one payment to one lender at one low
interest rate. If your student has multiple but relatively small student loans,
just paying them off as quickly as possible is often a better choice than
consolidation.
WEEKLY RIDDLE
What mathematical symbol
can be put between 5 and 9 to get a number bigger than 5 and smaller than
9?
Last week’s riddle:
You drop a
coin into a bottle through its opening. Then, you push a cork into that same
bottle opening to seal the opening. How do you get the coin out of the bottle
without breaking the bottle or taking out the cork?
Last week’s answer:
Push
the cork into the bottle.
|
March 15
2016
STOCKS SETTLE
AT 2016 Highs
A 5-day gain of 1.10%
left the S&P 500 at 2,022.19 at the closing bell Friday. Settling at
17,213.31 Friday afternoon, the Dow Jones Industrial Average rose 1.20% for the
week while the Nasdaq Composite advanced 0.67% to end the week at 4,748.47. On
March 11, the S&P settled above its moving average for the first time since
December 30, and both the S&P and DJIA had their highest closes of the year,
reaching peaks unseen since intraday trading on January
4.1
OIL RALLIES,
GOLD RETREATS
Light sweet crude closed
at $38.50 a barrel Friday on the NYMEX, going +7.2% in five trading days. It was
the highest settlement for a most-active contract since December. Gold went
-0.9% for the week as appetite for risk grew, settling Friday at $1,259.40 an
ounce in COMEX trading.2,3
WALL STREET
WATCHES ECB, WAITS ON FED
Economists polled by
Reuters widely believe the Federal Reserve will leave interest rates alone next
week, but in their consensus estimate, they put the chance of a rate hike by
mid-year at 60%. The European Central Bank went in for more easing last week,
unexpectedly expanding the scope of its economic stimulus measures and reducing
all three of its interest rates.4
BULL MARKET
TURNS SEVEN
At 84 months, this bull
market is now the third-longest in history, and it could soon surpass the
1949-56 bull, which ended after 85½ months. The current bull market rose an
astonishing 68.6% in its first year. It advanced more than 10% in five of its
first six years. It has lost ground over the past 12 months, but it has been
rebounding.5
THIS
WEEK: On
Monday, Wall Street considers Q1 earnings from Cintas and Lennar. February’s
PPI, February retail sales numbers and earnings from Oracle arrive Tuesday.
Wednesday, the Federal Reserve releases its latest policy statement; investors
will also evaluate the February CPI, data on February housing starts and
industrial output, and earnings announcements from FedEx, Guess?, Jabil Circuit,
and Williams-Sonoma. Thursday brings a new initial jobless claims report, plus
earnings from Adobe Systems, Aeropostale, Lands’ End, and Michaels Companies.
The University of Michigan’s preliminary March consumer sentiment index appears
Friday, along with Q4 results from Tiffany.
Sources: wsj.com, bigcharts.com, treasury.gov - 3/11/166,7,8,9
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.
| ||||||||||||||||||||||||||||||
Please feel
free to forward this article to family, friends or colleagues.
If you would like us to add them to our distribution list, please reply with their address. We will contact them first and request their permission to add them to our list. | |||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||
«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/2016/03/11/us-markets.html [3/11/16]
2
-
marketwatch.com/story/crude-zigzags-back-above-38-a-barrel-amid-production-freeze-questions-2016-03-11
[3/11/16]
3
- marketwatch.com/story/gold-prices-dull-as-dollar-stocks-oil-gain-2016-03-11/
[3/11/16]
4
- nytimes.com/reuters/2016/03/10/business/10reuters-usa-economy-poll.html
[3/10/16]
5
-
usatoday.com/story/money/markets/2016/03/08/wall-street-bull-market-turns-7/81438562/
[3/8/16]
6
-
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F9%2F09&x=0&y=0
[3/11/16]
6
-
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F9%2F16&x=0&y=0
[3/11/16]
6
-
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F11%2F15&x=0&y=0
[3/11/16]
6
-
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F11%2F15&x=0&y=0
[3/11/16]
6
-
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F11%2F15&x=0&y=0
[3/11/16]
6
-
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F11%2F11&x=0&y=0
[3/11/16]
6
-
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F11%2F11&x=0&y=0
[3/11/16]
6
-
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F11%2F11&x=0&y=0
[3/11/16]
6
-
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F10%2F06&x=0&y=0
[3/11/16]
6
-
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F10%2F06&x=0&y=0
[3/11/16]
6
-
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F10%2F06&x=0&y=0
[3/11/16]
7
- markets.wsj.com/us [3/11/16]
8
-
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[3/11/16]
9
-
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[3/11/16]
|
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