| |||||||||||||||||||||||||||||||
|
WEEKLY QUOTE
“He not busy being born
is busy dying.”
- Bob
Dylan
WEEKLY TIP
In your business budget,
think of your marketing costs as a percentage of sales, somewhere between 2-10%.
If you are building a brand, those costs might need to approach or exceed 20% of
sales.
WEEKLY RIDDLE
I can easily be divided.
Within me, you will notice 13 hearts, but no organs. What am I?
Last week’s riddle:
It cannot
see and it feels no pain, despite matter constantly going through its eye. What
is it?
Last week’s answer:
A
sewing needle.
|
May 10,
2016
APRIL JOBS
REPORT RAISES QUESTIONS
Employers hired 160,000
more workers than they let go last month, and that net job gain
was the smallest since September. Does this suggest a job market losing steam,
or does it hint at an economy nearing full employment? The hiring number may
make the Federal Reserve reconsider the possibility of a June interest rate
hike. Average hourly wages improved to $25.53 in April, up 2.5% year-over-year.
While the main jobless rate remained at 5.0%, the U-6 rate, counting both the
unemployed and underemployed, declined 0.1% to 9.7%.1
MORE EXPANSION
IN FACTORY & SERVICE SECTORS
Both of the Institute
for Supply Management’s purchasing manager indices were above the critical 50
level (indicating growth) in April. ISM’s manufacturing index came in at 50.8,
its non-manufacturing index at 55.7. Economists surveyed by MarketWatch expected
a 51.4 reading for the factory PMI and a 54.7 reading for the services
PMI.2
OIL SETTLES
UNDER $45
Light sweet crude closed
at $44.66 Friday on the NYMEX, down 2.7% for the week on perceptions that
near-term supply was exceeding demand. Gold got a boost from the disappointing
jobs data, settling at $1,294.00 Friday to go up 0.3% for the
week.3,4
WALL STREET
SEES A MINOR WEEKLY RETREAT
Across May 2-6, the
S&P 500 lost 0.40% to 2,057.14; the Nasdaq Composite, 0.82% to 4,736.16; and
the Dow Jones Industrial Average, 0.19% to 17,740.63. Headwinds included the
underwhelming jobs report, the weaker-than-expected ISM factory PMI and the
week’s dip in oil prices.5
THIS
WEEK: On
Monday, earnings from Chimerix, Hertz Global, Nautilus, Novatel Wireless,
TeamHealth, and Tyson Foods arrive. Dean Foods, Electronic Arts, Norwegian
Cruise Line, Planet Fitness, Tribune Media, and Walt Disney Co. present earnings
Tuesday. Wednesday, the earnings parade includes announcements from Aramark,
Jack in the Box, Macy’s, NetEase, Weibo, and Wendy’s. Thursday, the latest
initial claims figures complement earnings news from Dillard’s, Kohl’s,
Nordstrom, Ralph Lauren, Shake Shack, and Symantec. April retail sales data, the
April Producer Price Index, and the initial May consumer sentiment index from
the University of Michigan all appear Friday, along with Q1 results from J.C.
Penney.
Sources: wsj.com, bigcharts.com, treasury.gov - 5/6/166,7,8,9
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 -
forbes.com/sites/samanthasharf/2016/05/06/jobs-report-u-s-adds-160000-jobs-in-april-unemployment-rate-steady-at-5/
[5/6/16]
2 -
marketwatch.com/economy-politics/calendars/economic [5/6/16]
3 -
marketwatch.com/story/oil-prices-dip-as-focus-returns-to-global-supply-glut-2016-05-06/
[5/6/16]
4 -
marketwatch.com/story/gold-stocks-step-higher-ahead-of-jobs-report-2016-05-06
[5/6/16]
5 -
markets.on.nytimes.com/research/markets/usmarkets/usmarkets.asp
[5/6/16]
6 -
markets.wsj.com/us [5/6/16]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=5%2F6%2F15&x=0&y=0
[5/6/16]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=5%2F6%2F15&x=0&y=0
[5/6/16]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=5%2F6%2F15&x=0&y=0
[5/6/16]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=5%2F6%2F11&x=0&y=0
[5/6/16]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=5%2F6%2F11&x=0&y=0
[5/6/16]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=5%2F6%2F11&x=0&y=0
[5/6/16]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=5%2F5%2F06&x=0&y=0
[5/6/16]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=5%2F5%2F06&x=0&y=0
[5/6/16]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=5%2F5%2F06&x=0&y=0
[5/6/16]
8 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[5/6/16]
9 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[5/6/16]
| |||||||||||||||||||||||||||||||
Tuesday, May 10, 2016
Economic Update for the week of May 10th, 2016
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment