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WEEKLY QUOTE
“He who lives little,
changes little.”
- Anatole
France
WEEKLY TIP
Starting your career?
Beware of spending money to maintain an image. If you are tempted to “fake it
‘til you make it,” you may soon be awash in consumer debt.
WEEKLY RIDDLE
It cannot see and it
feels no pain, despite matter constantly going through its eye. What is
it?
Last week’s riddle:
Sandra is
running in a half-marathon and she passes the second person in the race. What
position is she in?
Last week’s answer:
Second
place.
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May 3,
2016
INCOME
OUTDISTANCES SPENDING
Personal income rose
0.4% in March, yet the Commerce Department reported personal spending up just
0.1%. That mild uptick
contributed to a poor first quarter for GDP; last week, the Bureau of Economic
Analysis estimated Q1 growth at 0.5%.1
CONSUMER
OPTIMISM declineS
The Conference Board’s
consumer confidence index dipped 1.9 points in April to 94.2. Also descending
was the University of Michigan’s consumer sentiment index, which ended April at
89.0 after concluding March at 91.0.1,2
A ROUNDUP OF
HOUSING NEWS
New home sales fell 1.5%
in March according to the Census Bureau, after a 0.4% retreat in February. The
(just-released) February S&P/Case-Shiller home price index shows a 5.4%
overall rise in home values across 12 months, down from 5.7% in the January
edition. Lastly, the National Association of Realtors reported a 1.4% March gain
in its pending home sales index.1
MAJOR
INDICES RETREAT
The Nasdaq was the
benchmark that stumbled hardest last week on Wall Street, falling 2.67% to
settle at 4,775.36 Friday. April ended with the S&P 500 at 2,065.30 and the
Dow at 17,773.64; the S&P lost 1.26% for the week; the Dow,
1.28%.3
THIS
WEEK: Monday,
April’s ISM manufacturing PMI appears plus earnings from AmeriGas, Anadarko
Petroleum, Del Taco, Denny’s, Ferrari, Fossil, Loews Corp., and Sysco. Tuesday
earnings include results from Archer Daniels Midland, Avis Budget, Boise
Cascade, CBS, Clorox, Cummins, CVS Health, Duke Energy, Estee Lauder, Etsy,
GrubHub, Hyatt, Macerich, Molson Coors, Papa John’s, Pfizer, Pitney Bowes, Smart
& Final, Sprint, Starwood Hotels & Resorts, Valero Energy, Vulcan
Materials, and Western Union. On Wednesday, the Street looks at the April ISM
services PMI, ADP’s April job-change report and earnings from Allstate, Chubb,
Fitbit, GoDaddy, Green Dot, Humana, iHeart Media, Marathon Oil, Mosaic, Noble
Energy, Priceline, Prudential Financial, Sempra Energy, Sunoco, Tesla, Tesoro,
Time Warner, Transocean, TripAdvisor, Whole Foods, and Zynga. Thursday, an
initial claims report and a new Challenger job-cut report appear, plus earnings
announcements from Acadia Pharmaceuticals, Activision Blizzard, Alibaba, El
Pollo Loco, Fluor, GoPro, Icahn Enterprises, Jamba, Kellogg, Kemper, Kraft
Heinz, Merck, MGM Resorts, Motorola Solutions, Nvidia, Occidental Petroleum,
Shell Midstream Partners, Wingstop, and Yelp. The Labor Department’s April jobs
report arrives Friday, plus earnings from Allergan, Cigna, Exelon, Revlon, and
Weyerhaeuser.
Sources: wsj.com, bigcharts.com, treasury.gov - 4/29/164,5,6,7
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 -
tradingeconomics.com/united-states/calendar [4/29/16]
2 -
foxbusiness.com/markets/2016/04/29/consumer-sentiment-slips-in-april.html
[4/29/16]
3 -
markets.on.nytimes.com/research/markets/usmarkets/usmarkets.asp
[4/29/16]
4 -
markets.wsj.com/us [4/29/16]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=4%2F29%2F15&x=0&y=0
[4/29/16]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=4%2F29%2F15&x=0&y=0
[4/29/16]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=4%2F29%2F15&x=0&y=0
[4/29/16]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=4%2F29%2F11&x=0&y=0
[4/29/16]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=4%2F29%2F11&x=0&y=0
[4/29/16]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=4%2F29%2F11&x=0&y=0
[4/29/16]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=4%2F28%2F06&x=0&y=0
[4/29/16]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=4%2F28%2F06&x=0&y=0
[4/29/16]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=4%2F28%2F06&x=0&y=0
[4/29/16]
6 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[4/29/16]
7
-
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[4/29/16]
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Tuesday, May 3, 2016
Economic Update for the week of May 3rd, 2016
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