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WEEKLY QUOTE
“It is amazing what you
can accomplish if you do not care who gets the credit.”
- Harry S.
Truman
WEEKLY TIP
Think twice about
canceling an old whole life insurance policy. If it has sufficient value, you
may be able to convert it to a term policy at no charge.
WEEKLY RIDDLE
It may contain a
thousand wheels, yet it never moves despite spending all day in the sun. What is
it?
Last week’s riddle:
Three women
each have two daughters. They are all having dinner at a cafe. The café has but
seven chairs. All the women are seated. How is this possible?
Last week’s answer:
The
seven women eating are a grandmother, her two daughters, and her four
granddaughters.
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April 19,
2016
HOW WEAK WAS
FIRST-QUARTER GROWTH?
Economists have reason
to wonder given the latest retail sales, industrial output, and inflation
figures. Overall retail purchases fell 0.3% in March, though they rose 0.2%
minus auto buying; analysts polled by MarketWatch expected a 0.1% gain for the
headline number and a 0.5% gain for the core number. Industrial production
slipped 0.6% in March, matching the retreat in February. The Consumer Price
Index rose only 0.1% last month while the Producer Price Index declined
0.1%.1
CONSUMERS A
BIT LESS UPBEAT
The preliminary April
consumer sentiment index from the University of Michigan came in at 89.7 last
week, down from 91.0 at the end of March. A year ago, the index stood at
95.9.1,2
CHEAPEST
MORTGAGES IN NEARLY 3 YEARS
Freddie Mac’s April 14
Primary Mortgage Market Survey found the average interest rate on a 30-year home
loan at 3.58%, a low unseen since May 2013. You can credit demand for
Treasuries; the 10-year Treasury yield fell to 1.65% earlier this
month.3
STOCKS RISE
IN FIRST WEEK OF EARNINGS SEASON
Across April 11-15, the
S&P 500 gained 1.62% to a Friday settlement of 2,080.73. Greater weekly
gains came for the Nasdaq and Dow; the former rose 1.80%, to 4,938.22, while the
latter advanced 1.82%, to 17,897.46.4
THIS
WEEK: Celanese,
Hasbro, IBM, J.B. Hunt, Morgan Stanley, Netflix, PepsiCo, Royal Caribbean
Cruises, and W.W. Grainger all announce earnings Monday. Data on March housing
starts and building permits appears Tuesday, plus earnings from Comerica,
Discover, Goldman Sachs, Harley-Davidson, Intel, Johnson & Johnson, Yahoo!,
Northern Trust, Philip Morris, TD Ameritrade, and UnitedHealth. March existing
home sales figures are out Wednesday, plus earnings from Abbott Labs, American
Express, Citrix, Coca-Cola, CoreLogic, DISH Network, Mattel, Stryker, Newmont
Mining, Qualcomm, Raymond James, U.S. Bancorp, United Rentals, and Yum! Brands.
Thursday brings a new initial claims report, the latest Conference Board leading
indicators, and earnings from Alaska Air, Alphabet, BoNY Mellon, BB&T,
Biogen, Briggs & Stratton, D.R. Horton, General Motors, Hanesbrands, IMAX,
Microsoft, E*Trade, Norfolk Southern, Nucor, PulteGroup, Schlumberger,
Sherwin-Williams, Skechers, Snap-On, Southwest Airlines, Stanley Black &
Decker, Starbucks, Travelers, Under Armour, Union Pacific, Verizon, and VISA.
Friday’s earnings parade includes American Airlines, AutoNation, Caterpillar,
GE, Honeywell, Kimberly-Clark, and McDonalds.
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%
CHANGE
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Y-T-D
|
1-YR
CHG
|
5-YR
AVG
|
10-YR
AVG
|
|
DJIA
|
+2.71
|
-1.19
|
+9.00
|
+6.07
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NASDAQ
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-1.38
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-1.45
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+15.72
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+11.23
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S&P
500
|
+1.80
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-1.23
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+11.53
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+6.14
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REAL
YIELD
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4/15
RATE
|
1
YR AGO
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5
YRS AGO
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10
YRS AGO
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10
YR TIPS
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0.20%
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0.07%
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0.82%
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2.48%
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Sources:
wsj.com, bigcharts.com, treasury.gov - 4/15/165,6,7,8
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/economy-politics/calendars/economic [4/15/16]
2 -
sca.isr.umich.edu/ [4/15/16]
3 -
reuters.com/article/us-usa-mortgages-freddie-mac-idUSKCN0XB2E0
[4/14/16]
4 -
markets.on.nytimes.com/research/markets/usmarkets/usmarkets.asp
[4/15/16]
5 -
markets.wsj.com/us [4/15/16]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=4%2F15%2F15&x=0&y=0
[4/15/16]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=4%2F15%2F15&x=0&y=0
[4/15/16]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=4%2F15%2F15&x=0&y=0
[4/15/16]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=4%2F15%2F11&x=0&y=0
[4/15/16]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=4%2F15%2F11&x=0&y=0
[4/15/16]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=4%2F15%2F11&x=0&y=0
[4/15/16]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=4%2F13%2F06&x=0&y=0
[4/15/16]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=4%2F13%2F06&x=0&y=0
[4/15/16]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=4%2F13%2F06&x=0&y=0
[4/15/16]
7 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[4/15/16]
8 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[4/15/16]
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