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WEEKLY QUOTE
“To
give anything less than your best is to sacrifice the gift.”
- Steve Prefontaine
WEEKLY TIP
Small
business owners need not buy on impulse. The longer an SBO can postpone a
major purchase, the more time he or she gains to locate the best deal or the
product or service best suited to the needs and goals of the company.
WEEKLY RIDDLE
What
can you find precisely in the middle of Miami?
Last week’s riddle:
Take the number 3 and add another number 3, and you get 6 … but
how can you get 8 from a pair of threes?
Last week’s answer:
Flip one of
the 3s around and join it to the other 3 to make the number 8.
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August 2,
2016
CONFIDENCE INDICES
HOLD STEADY
Rising
half a point from its previous reading, the University of Michigan’s consumer
sentiment index finished July at 90.0. The Conference Board’s monthly
household confidence gauge came in at 97.3 last week, near its (revised) June
mark of 97.4.1
ROUNDING UP THE
LATEST REAL ESTATE NEWS
New Census Bureau data shows new home sales up 3.5% in June
after a 6.0% May setback. Pending sales of existing homes increased 0.2% in
June, reported the National Association of Realtors. The S&P/Case-Shiller
home price index (20-city composite) rose 0.9% in May, putting its annualized
gain at 5.2%.1
ECONOMY GREW
JUST 1.2% IN Q2
The Bureau of Economic Analysis disappointed Wall Street
with its initial estimate of second quarter GDP. Economists polled by Bloomberg
expected growth of 2.5%. While household consumption rose 4.2% in Q2, private
fixed investment took its biggest quarterly fall since 2009, slipping 3.2%.2
STOCKS PULL BACK A BIT
July ended with the S&P 500 at 2,173.60, the Nasdaq at 5,162.13,
and the Dow at 18,432.24. Their performance numbers for the week: S&P, -0.07%;
Nasdaq, +1.22%; Dow, -0.75%.3
THIS WEEK: Monday, ISM issues its July manufacturing
PMI and AMC, AmeriGas, CNA Financial, Frontier Communications, Loews, Macerich,
and Vulcan Materials offer earnings. June consumer spending numbers arrive
Tuesday, in addition to earnings from Aetna, Archer Daniels Midland, Avis
Budget Group, Choice Hotels, Cummins, CVS Health, DreamWorks, Electronic Arts,
Fitbit, Genworth Financial, Hanesbrands, Hyatt Hotels, Martin Marietta, Molson
Coors, Papa John’s, Pfizer, Pitney Bowes, Procter & Gamble, Royal
Caribbean, and Seagate Technology. ADP’s July payrolls report emerges Wednesday,
plus ISM’s services PMI and earnings from Allstate, Clorox, GoDaddy,
Herbalife, Humana, Marathon Oil, MetLife, Noble Energy, Occidental Petroleum,
Office Depot, Prudential, Tesla, Tesoro, Time Warner, Transocean, 21st
Century Fox, and Western Union. Thursday, initial claims figures and the July
Challenger job-cut report complement earnings from Activision Blizzard, AMC
Networks, Chesapeake Energy, Duke Energy, Fluor, Icahn Enterprises,
iheartMedia, Jamba, Kellogg, Kemper, LinkedIn, Lions Gate, Parker-Hannifin,
Priceline, Sempra Energy, Symantec, Take-Two, TripAdvisor, Viacom, Wingstop,
and Zynga. The federal government’s July jobs report appears Friday, plus
earnings from Kraft Heinz, U.S. Cellular, Virgin America, Weyerhaeuser, and William
Lyon Homes.
Sources: wsj.com, bigcharts.com, treasury.gov - 7/29/163,4,5,6
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 - investing.com/economic-calendar/ [7/29/16]
2 - bloomberg.com/news/articles/2016-07-29/u-s-economy-grew-a-less-than-forecast-1-2-in-second-quarter
[7/29/16]
3 - markets.wsj.com/us [7/29/16]
4 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=7%2F29%2F15&x=0&y=0
[7/29/16]
4 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=7%2F29%2F15&x=0&y=0
[7/29/16]
4 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=7%2F29%2F15&x=0&y=0
[7/29/16]
4 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=7%2F29%2F11&x=0&y=0
[7/29/16]
4 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=7%2F29%2F11&x=0&y=0
[7/29/16]
4 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=7%2F29%2F11&x=0&y=0
[7/29/16]
4 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=7%2F28%2F06&x=0&y=0
[7/29/16]
4 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=7%2F28%2F06&x=0&y=0
[7/29/16]
4 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=7%2F28%2F06&x=0&y=0
[7/29/16]
5 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[7/29/16]
6 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[7/29/16]
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Tuesday, August 2, 2016
Economic Update for the week of August 2nd, 2016
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