| |||||||||||||||||||||||||||||||
WEEKLY QUOTE
“Learn to obey before
you command.”
- Solon
WEEKLY TIP
At what age do you want
to retire? 62? 65? 70? Having a specific age in mind will help you solidify and
refine your retirement plan.
WEEKLY RIDDLE
Ray pulls out of his
driveway and immediately drives at 55 miles per hour, but he is not cited even
though a police car sees him. Why?
Last week’s riddle:
I possess a
single eye, yet I cannot see. I could, however, hurt you – even if I don’t move.
What am I?
Last week’s answer:
A
needle.
|
October 26,
2016
YEARLY
INFLATION INCREASES
Consumer prices rose
1.5% in the 12 months ending in September, the Bureau of Labor Statistics
announced last week. That is the highest annualized inflation rate seen since
October 2014, up from 1.1% in the year ending in August. The headline Consumer
Price Index advanced 0.3% last month; the core CPI
0.1%.1
EXISTING HOME
SALES REBOUND
September saw a 3.2%
gain in resales – the first improvement since June, according to the National
Association of Realtors. First-time buyers made up 34% of home purchasers, a
4-year peak. Separately, the Census Bureau reported a 9.0% plunge for
groundbreaking in September, but building permits increased by
6.3%.2,3
OIL PRICES
KEEP RISING; STOCKS MAKE MINOR GAINS
Settling Friday at
$50.85, light sweet crude added 1.0% for the week. Crude now has a 5-week
winning streak going on the NYMEX. All three major indices advanced during the
past five trading days. The S&P 500 rose 0.38% to 2,141.16; the Nasdaq
Composite, 0.83% to 5,257.40; and the Dow Jones Industrial Average, 0.04% to
18,145.71.4,5
THIS
WEEK:
Boise Cascade, Kimberly-Clark, Sonic, T-Mobile, and Visa present earnings
Monday. Tuesday offers the October Conference Board consumer confidence index,
the August Case-Shiller home price index and earnings reports from 3M, Apple,
AT&T, Capital One, Caterpillar, Chipotle, Chubb, Eli Lilly, Express Scripts,
JetBlue, Freeport-McMoRan, General Motors, Lexmark, Merck, NCR, Pandora, Panera,
Peabody Energy, Procter & Gamble, Sherwin-Williams, Sprint, Under Armour,
Unisys, and Valero Energy. September new home sales numbers are out Wednesday,
plus earnings from Allegiant Air, Avery Dennison, Biogen, Boeing, Cheesecake
Factory, Coca-Cola, Comcast, Garmin, Hilton Worldwide, Ingersoll-Rand, La Quinta
Holdings, Netgear, Newmont Mining, Norfolk Southern, Northrop Grumman, O’Reilly,
Penske, Public Storage, Southwest Airlines, State Street, Tesla, Universal
Health Services, W.R. Grace, Waste Management, and Western Digital. Besides a
new initial claims report and September pending home sales data, Thursday offers
earnings from Aetna, Aflac, Alphabet, Altria, Amazon.com, Amgen, Baidu,
Bristol-Myers Squibb, Cabela’s, Colgate-Palmolive, ConocoPhillips, Dow Chemical,
Expedia, Ford Motor Co., Genworth Financial, Hanesbrands, Ingram Micro,
LinkedIn, Marathon Petroleum, Nokia, Praxair, Sirius XM, Twitter, and Virgin
America. On Friday, the initial Q3 GDP estimate and the final October University
of Michigan consumer sentiment index arrive, plus earnings from AutoNation,
Chevron, Exelon, Exxon Mobil, Hershey, Phillips 66, Weyerhaeuser, and
Xerox.
Sources: wsj.com, bigcharts.com, treasury.gov - 10/21/165,6,7,8
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.
| ||||||||||||||||||||||||||||||
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 -
tradingeconomics.com/united-states/inflation-cpi
[10/21/16]
2 -
consumeraffairs.com/news/sales-of-existing-homes-rebound-in-september-102016.html
[10/20/16]
3 -
cnbc.com/2016/10/19/us-housing-starts-sept-2016.html [10/19/16]
4 -
marketwatch.com/story/oil-futures-gain-1-for-the-week-2016-10-21
[10/21/16]
5 -
markets.wsj.com/us [10/21/16]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=10%2F21%2F15&x=0&y=0
[10/21/16]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=10%2F21%2F15&x=0&y=0
[10/21/16]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=10%2F21%2F15&x=0&y=0
[10/21/16]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=10%2F21%2F11&x=0&y=0
[10/21/16]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=10%2F21%2F11&x=0&y=0
[10/21/16]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=10%2F21%2F11&x=0&y=0
[10/21/16]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=10%2F20%2F06&x=0&y=0
[10/21/16]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=10%2F20%2F06&x=0&y=0
[10/21/16]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=10%2F20%2F06&x=0&y=0
[10/21/16]
7 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[10/21/16]
8 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[10/21/16]
|
Wednesday, October 26, 2016
Economic Update for the week of October 26th, 2016
Wednesday, October 19, 2016
Economic Update for the week of October 19th, 2016
| |||||||||||||||||||||||||||||||
WEEKLY QUOTE
“Young is the one that
plunges into the future and never looks back.”
- Milan
Kundera
WEEKLY TIP
If you are trying to
rebuild or ramp up your retirement savings in your forties or fifties, avoid
grasping at straws. Extremely speculative, high-risk investments are often hard
to understand and may drastically underperform compared to their hype.
WEEKLY RIDDLE
I possess a single eye,
yet I cannot see. I could, however, hurt you – even if I don’t move. What am
I?
Last week’s riddle:
I have 6
faces, but I wear no makeup. I often roll around and bump into things. What am
I?
Last week’s answer:
A die
(singular of dice).
|
October 19,
2016
RETAIL SALES
JUMP 0.6%
This September gain was
impressive – minus auto sales, the advance was still 0.5%. In August, both
headline and core retail sales fell 0.2%. While consumers bought more last
month, they were less confident earlier this month – the University of
Michigan’s initial October consumer sentiment index fell 3.3 points to
87.9.1
INTEREST RATES
MAY SOON RISE
The minutes from
September’s Federal Reserve policy meeting affirmed what some investors
suspected. One, last month’s decision not to raise the federal funds rate was a
“close call.” Two, the Federal Open Market Committee expects to make a move
“relatively soon.” Last month, 74% of economists responding to a Wall Street
Journal survey thought the central bank would raise rates in
December.2
PRODUCER PRICE
INDEX UP 0.3%
A 2.5% advance in energy
prices became the biggest factor in September’s PPI gain. The headline PPI rose
0.7% in the 12 months ending in September.3
STOCKS PULL
BACK AS EARNINGS SEASON BEGINS
During five choppy
trading days last week, the Dow Jones Industrial Average retreated 0.56% to
18,138.38; the S&P 500, 0.96% to 2,132.98; and the Nasdaq Composite, 1.48%
to 5,214.16. The CBOE Volatility Index closed at 16.00 Friday, up 18.69% for the
week.4
THIS
WEEK:
Monday, Wall Street looks at earnings from Bank of America, Celanese, Del Taco,
Hasbro, IBM, J.B. Hunt, Lennox International, and Netflix, plus numbers on
September industrial output. On Tuesday, BlackRock, Domino’s Pizza, Goldman
Sachs, Harley-Davidson, Intel, Johnson & Johnson, Philip Morris, Yahoo!,
Regions Financial, UnitedHealth, and W.W. Grainger join the earnings parade, and
the September CPI arrives. Abbott Labs, American Express, BB&T, Citrix,
eBay, Mattel, Halliburton, Morgan Stanley, Northern Trust, Seagate, St. Jude
Medical, SuperValu, U.S. Bancorp, and United Rentals all report earnings
Wednesday; investors will also consider September data on housing starts and
building permits, and a new Federal Reserve Beige Book. Thursday offers earnings
from Alaska Air, American Airlines, BoNY Mellon, Dunkin’ Brands, E*TRADE, Fifth
Third, IMAX, Invacare, Microsoft, Nucor, PayPal, PulteGroup, Quest Diagnostics,
Schlumberger, Union Pacific, Verizon, and Walgreens Boots Alliance; reports on
initial jobless claims and September existing home sales also appear. Friday,
the key earnings reports come from General Electric, Honeywell International,
McDonalds, Parker Hannifin, SunTrust, and Whirlpool.
Sources: wsj.com, bigcharts.com, treasury.gov - 10/14/164,5,6,7
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/economy-politics/calendars/economic
[10/14/16]
2 -
tinyurl.com/hhanz42 [10/12/16]
3 -
foxbusiness.com/markets/2016/10/14/september-producer-prices-rise-more-than-expected.html
[10/14/16]
4 -
markets.wsj.com/us [10/14/16]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=10%2F14%2F15&x=0&y=0
[10/14/16]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=10%2F14%2F15&x=0&y=0
[10/14/16]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=10%2F14%2F15&x=0&y=0
[10/14/16]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=10%2F14%2F11&x=0&y=0
[10/14/16]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=10%2F14%2F11&x=0&y=0
[10/14/16]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=10%2F14%2F11&x=0&y=0
[10/14/16]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=10%2F13%2F06&x=0&y=0
[10/14/16]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=10%2F13%2F06&x=0&y=0
[10/14/16]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=10%2F13%2F06&x=0&y=0
[10/14/16]
6 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[10/14/16]
7 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[10/14/16]
|
Wednesday, October 12, 2016
Economic Update for the week of October 12th, 2016
| |||||||||||||||||||||||||||||||
WEEKLY QUOTE
“Treasure the love you
have received above all. It will survive long after your gold and good health
have vanished.”
- Og
Mandino
WEEKLY TIP
If you are under 35, see
if you can save 15% of your salary toward retirement. If your company matches
your retirement plan contributions, count the employer match as part of that
15%.
WEEKLY RIDDLE
I have 6 faces, but I
wear no makeup. I often roll around and bump into things. What am I?
Last week’s riddle:
What jumps
higher than a building?
Last week’s answer:
Everything.
A building cannot jump.
|
October 12,
2016
hiring picked
up in the Third quarter
Employers added 156,000
net new jobs to their payrolls in September, the Department of Labor stated
Friday. The August gain was revised up to 167,000, so monthly job growth
averaged 192,000 in Q3, improved from 146,000 in Q2. The unemployment rate
ticked up to 5.0% in September; the U-6 underemployment rate remained at 9.7%.
Yearly wage growth reached 2.6%, with the average hourly wage rising six cents
to $25.79.1,2
ISM INDICES
SHOW A SEPTEMBER REBOUND
America’s manufacturing
sector grew again last month; the Institute for Supply Management’s factory PMI
improved to 51.5 in September, recovering from its recessionary August mark of
49.4. The Institute’s non-manufacturing PMI surged north 5.7 points last month,
rising to 57.1.2
OIL & GOLD
PRICES HEAD IN OPPOSITE DIRECTIONS
On Friday, gold closed
down at $1,251.90 on the COMEX, falling about 5% for the week. Light sweet crude
advanced just over 3% last week, closing at $49.81 on the NYMEX Friday, even
after a 1.3% loss during the trading week’s last
session.3
STOCKS END
THE WEEK SLIGHTLY LOWER
The numbers contained
within Friday’s jobs report did not exactly spark a rally, so the S&P 500
settled at 2,153.74, losing 0.67% for the week. The Nasdaq Composite and Dow
Jones Industrial Average both descended 0.37% across five trading days to
respective Friday closes of 18,240.49 and
5,292.40.4
THIS
WEEK:
Monday is Columbus Day. Wall Street will be open for business, but federal
government offices and banks will be closed. Tuesday, a new earnings season
starts with results from Alcoa, Barracuda Networks, and Fastenal.
Wednesday,
the Federal Reserve releases minutes from its September monetary policy meeting,
and CSX Corp. announces Q3 earnings. Thursday’s earnings parade includes results
from Delta Air Lines, Winnebago, and Wynn Resorts; a new initial jobless claims
report also arrives. Fed chair Janet Yellen speaks on Friday in Boston about the
economic recovery; Wall Street will consider her comments, along with the
preliminary October University of Michigan consumer sentiment index, September
retail sales numbers, the September PPI, and earnings from Citigroup, JPMorgan
Chase, PNC, and Wells Fargo.
Sources: wsj.com, bigcharts.com, treasury.gov - 10/7/164,5,6,7
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 -
blogs.wsj.com/briefly/2016/10/07/september-jobs-report-the-numbers-2/
[10/7/16]
2 -
investing.com/economic-calendar/ [10/7/16]
3 -
investors.com/market-trend/stock-market-today/stocks-end-with-small-losses-job-growth-slows-honeywell-dives/
[10/7/16]
4 -
markets.wsj.com/us [10/7/16]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=10%2F7%2F15&x=0&y=0
[10/7/16]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=10%2F7%2F15&x=0&y=0
[10/7/16]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=10%2F7%2F15&x=0&y=0
[10/7/16]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=10%2F7%2F11&x=0&y=0
[10/7/16]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=10%2F7%2F11&x=0&y=0
[10/7/16]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=10%2F7%2F11&x=0&y=0
[10/7/16]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=10%2F6%2F06&x=0&y=0
[10/7/16]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=10%2F6%2F06&x=0&y=0
[10/7/16]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=10%2F6%2F06&x=0&y=0
[10/7/16]
6 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[10/7/16]
7 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[10/7/16]
|
Subscribe to:
Posts (Atom)