| |||||||||||||||||||||||||||||||
WEEKLY QUOTE
“One accurate
measurement is worth a thousand expert opinions.”
- Grace Hopper
WEEKLY TIP
If you are giving cash
gifts to relatives this holiday season, make sure that the gifts do not force
you into making financial compromises. In helping others, you should not
seriously hurt your own finances.
WEEKLY RIDDLE
A rope ladder dangles
over the railing of a boat docked at a lake; its bottom end, 4 inches above the
water. One day, the lake waters rise 4 inches. How high off of the water is the
rope ladder now?
Last week’s riddle:
Kathryn
decides to donate $10 million to charity. After she makes the donation, she
becomes a multi-millionaire. How is this possible?
Last week’s answer:
She was a
billionaire before making the donation; after donating the $10 million, her net
worth fell below $1 billion.
|
November
29, 2016
STOCKS SETTLE
AT ALL-TIME HIGHS
An abbreviated trading
week was also a historic week on Wall Street, as the four key U.S. equity
indices all reached new peaks. At Friday’s closing bell, the Russell 2000 settled at a record 1,347.20 after its fifteenth
straight day of gains; it was up 2.37% for the week. The Dow advanced 1.47% on
the week to a Friday close of 19,152.14. Adding 1.42% in three-and-a-half days,
the Nasdaq ended the week at 5,398.92. The S&P 500, which finished Friday up
more than 3% since the election, rose 1.40% on the week to 2,213.35.1,2,5
EXISTING HOME
SALES RISE, NEW HOME SALES FALL
The National Association
of Realtors announced a 2.0% gain for resales in October. Existing home sales
have kept their momentum, even with inventory down 4.3% and the median sale
price up 6.0% in the past year. According to the Census Bureau, new home sales
declined 1.9% in October, but were still up 12.7% year-over-year.3
CONSUMER
SENTIMENT IMPROVES
At a final November mark
of 93.8, the University of Michigan’s household sentiment index surpassed the
consensus forecast of economists polled by MarketWatch, who expected a 92.0
reading. The index’s initial November edition had a reading of 91.6.4
DURABLE GOODS
ORDERS RISE 4.8%
October’s gain in
capital goods orders was the largest measured by the Department of Commerce in a
year. A 94% increase in commercial aircraft orders was a major
factor. Business investment rose 0.4% in
October.3,4
THIS
WEEK:
Shoe Carnival and Thor Industries announce earnings on Monday. On Tuesday, the
federal government releases its second estimate of Q3 growth, the Conference
Board’s November consumer confidence index and the September
S&P/Case-Shiller home price index both appear, and Autodesk and Tiffany
present Q3 results. Wednesday brings ADP’s November employment change report,
October consumer spending figures, the October PCE price index, a new Beige Book
from the Federal Reserve, the NAR’s latest pending home sales index, and
earnings from American Eagle Outfitters, Guess, and La-Z-Boy. Thursday,
investors look at the latest initial jobless claims figures, the November
Challenger job-cut report, November’s ISM manufacturing PMI, and earnings from
Dollar General, Express, Five Below, Kroger, Land’s End, Sears Holdings, and
Smith & Wesson. The November employment report from the Department of Labor
arrives Friday, along with earnings from Big Lots and Fred’s.
Sources: wsj.com, bigcharts.com, treasury.gov - 11/25/165,6,7,8
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/story/dow-poised-for-fresh-record-highs-black-friday-boost-in-view-2016-11-25/
[11/25/16]
2 -
google.com/finance?q=INDEXSP:.INX&ei=TqE4WIO4F4eu2AaDyayACQ
[11/25/16]
3 -
usatoday.com/story/money/business/2016/11/23/economy-manufacturing-durable--goods-jobless-claims/94329992/
[11/23/16]
4 -
marketwatch.com/economy-politics/calendars/economic [11/25/16]
5 -
markets.wsj.com/us [11/25/16]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=11%2F25%2F15&x=0&y=0
[11/25/16]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=11%2F25%2F15&x=0&y=0
[11/25/16]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=11%2F25%2F15&x=0&y=0
[11/25/16]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=11%2F25%2F11&x=0&y=0
[11/25/16]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=11%2F25%2F11&x=0&y=0
[11/25/16]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=11%2F25%2F11&x=0&y=0
[11/25/16]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=11%2F24%2F06&x=0&y=0
[11/25/16]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=11%2F24%2F06&x=0&y=0
[11/25/16]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=11%2F24%2F06&x=0&y=0
[11/25/16]
7 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[11/25/16]
8 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[11/25/16]
|
Wednesday, November 30, 2016
Economic Update for the week of November 29th, 2016
Wednesday, November 23, 2016
Economic Update for the week of November 23rd, 2016
| |||||||||||||||||||||||||||||||
WEEKLY QUOTE
“Good plans shape good
decisions. That’s why good planning helps to make elusive dreams come
true.”
- Lester R. Bittel
WEEKLY TIP
Market volatility is
constant and inescapable. Unlike portfolio volatility, you cannot plan to try
and control it. So, embrace it, and the opportunities it may present to
you.
WEEKLY RIDDLE
Kathryn decides to
donate $10 million to charity. After she makes the donation, she becomes a
multi-millionaire. How is this possible?
Last week’s riddle:
After it
rises, it usually loses weight. After it falls, it often becomes heavier. What
is it?
Last week’s answer:
An
elevator.
|
November
23, 2016
YELLEN HINTS
STRONGLY AT A RATE HIKE
Thursday, Federal
Reserve chair Janet Yellen told Congress that the central bank could raise the
benchmark interest rate “relatively soon,” calling current monetary policy
merely “moderately accommodative.” She added that Fed officials envision “only
gradual increases in the federal funds rate over time to achieve and maintain
maximum employment and price stability.” Friday, the Fed Rate
Monitor Tool at Investing.com put the possibility of a December rate hike at
91%.1,2
FRESH SIGNS OF
a HEALTHY ECONOMY
Two economic indicators
really stood out last week. Headline and core retail sales increased 0.8% in
October, according to the Census Bureau (which also revised the September retail
sales gain north to 1.0%). Housing starts advanced 25.5% last month, the Bureau
also noted; this more than offset a 9.5% September
dip.3
CONSUMER
PRICES ROSE 0.4% in october
This change in the
Consumer Price Index took its year-over-year increase to 1.6%. A mere 0.1%
monthly gain in the core CPI left its 12-month advance at 2.1%. Producer prices
were flat last month, with core prices retreating 0.2%; in the year ending in
October, the headline Producer Price Index rose only 0.8% with the core PPI
advancing 1.2%.3
BIG THREE SEE
ANOTHER WEEK OF GAINS
Wall Street was still
very bullish last week, and the Nasdaq Composite set the pace among the three
major indices. The tech benchmark added 1.61% in five days to
settle at 5,321.51 Friday. Smaller weekly gains came for the Dow Jones
Industrial Average (0.11% to 18,867.93) and S&P 500 (0.81% to 2,181.90). WTI
crude ended the week at $45.56 on the NYMEX; gold, at $1,208.50 on the
COMEX.4
THIS
WEEK:
On Monday, Jack in the Box, Palo Alto Networks, Tyson Foods, and Weibo present
earnings. October existing home sales figures are out Tuesday, along with
earnings from Barnes & Noble, Burlington Stores, Campbell Soup, Chico’s FAS,
Cracker Barrel Old Country Store, Dollar Tree, DSW, GameStop, Hormel Foods,
Hewlett Packard Enterprise, Kirkland’s, Medtronic, Urban Outfitters, and
Valspar. Wednesday is filled with major reports: Wall Street looks at October
new home sales and capital goods orders, initial jobless claims, the final
November household sentiment index from the University of Michigan and the
minutes from the November Federal Reserve policy meeting, along with Q3 results
from Deere & Co. On Thursday, U.S. stock and bond markets are closed for
Thanksgiving. Friday, Wall Street returns for a half-day of trading with no
major earnings reports or news releases scheduled.
Sources: wsj.com, bigcharts.com, treasury.gov - 11/18/164,5,6,7
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/story/yellen-says-fed-may-hike-interest-rates-relatively-soon-2016-11-17
[11/17/16]
2 -
nasdaq.com/article/us-stocks-slip-as-investors-contemplate-future-fed-rate-hikes-cm711485
[11/18/16]
3 -
investing.com/economic-calendar/ [11/18/16]
4 -
markets.wsj.com/us [11/18/16]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=11%2F18%2F15&x=0&y=0
[11/18/16]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=11%2F18%2F15&x=0&y=0
[11/18/16]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=11%2F18%2F15&x=0&y=0
[11/18/16]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=11%2F18%2F11&x=0&y=0
[11/18/16]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=11%2F18%2F11&x=0&y=0
[11/18/16]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=11%2F18%2F11&x=0&y=0
[11/18/16]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=11%2F17%2F06&x=0&y=0
[11/18/16]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=11%2F17%2F06&x=0&y=0
[11/18/16]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=11%2F17%2F06&x=0&y=0
[11/18/16]
6 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[11/18/16]
7
-
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[11/18/16]
|
Thursday, November 17, 2016
Economic Update for the week of Nov 17th, 2016
| |||||||||||||||||||||||||||||||
WEEKLY QUOTE
“The best way to have a
good idea is to have lots of ideas.”
- Linus Pauling
WEEKLY TIP
Given the desire to
travel and live well, the first few years of retirement may be expensive ones.
Before and during those years, be mindful of economic and market cycles. They
could affect your portfolio, and, by extension, your plans.
WEEKLY RIDDLE
After it rises, it
usually loses weight. After it falls, it often becomes heavier. What is
it?
Last week’s riddle:
Take three
letters. Arrange them one way, and you have a noun signifying weight. Arrange
them another way, and you have an adverb signifying a negative. What are these
three letters?
Last week’s answer:
N, O and
T.
|
November
17, 2016
BLUE CHIPS HIT
ALL-TIME HIGHS
Donald Trump’s
unexpected presidential election win did not rattle Wall Street. Instead, bulls
saw the prospect of greater federal outlays and less business regulation in the
near future. The Dow Jones Industrial Average closed at a new record Friday:
18,847.66. The Dow 30 had its finest week since 2011, gaining
5.36%. As for the
S&P 500, it advanced 3.80% in five days to 2,164.45. Settling at 5,237.11
Friday, the Nasdaq Composite rose 3.78% on the week.1,2
FED’s FISCHER:
TIME FOR GRADUAL TIGHTENING
Stating that the central
bank “appears reasonably close to achieving both inflation and employment
components of its mandate,” Federal Reserve vice chairman Stanley Fischer noted
Friday that “the case for (raising interest rates) gradually is quite strong,
keeping in mind that the future is uncertain and that monetary policy is not a
preset course.” Some analysts believe sizable infrastructure spending under a
Trump administration could spur inflation. On Friday, Fed fund futures contracts
implied an 81% chance of a hike at the central bank’s December
meeting.3
CONSUMER
SENTIMENT ROSE BEFORE ELECTION
Displaying a reading of
91.6, the University of Michigan’s preliminary November household sentiment
index climbed 4.4 points off its final October mark. Analysts polled by
Bloomberg forecast an initial November reading of 87.9 for the
gauge.4
CRUDE, GOLD
PRICES DECLINE
As Wall Street rallied,
key commodities had a tough week. Oil and gold were among them. The yellow metal
settled at $1,227.40 an ounce on the COMEX Friday, leaving it
down 3.75% at the end of this second week of the month. Oil ended the week at
$43.12 a barrel on the NYMEX; it has sunk 7.78% so far in
November.5
THIS
WEEK:
Advance Auto Parts and Smart & Final present Q3 results Monday. October
retail sales numbers arrive Tuesday, plus earnings from Agilent Technologies,
Aramark, Beazer Homes, Dick’s Sporting Goods, Diebold, and Home Depot.
Wednesday, investors consider earnings from Cisco, L Brands, Lowe’s, NetApp, and
Target, plus the October Producer Price Index. Thursday, Federal Reserve chair
Janet Yellen testifies on the economic outlook in Congress, the October Consumer
Price Index is released, October groundbreaking and building permit numbers are
announced, and America's Car-Mart, Applied Materials, Best Buy, Bon-Ton, Gap,
Intuit, J.M. Smucker, Ross Stores, Spectrum Brands, Staples, Stein Mart,
Walmart, and Williams-Sonoma offer earnings. Abercrombie & Fitch and Foot
Locker announce Q3 results Friday.
Sources: wsj.com, bigcharts.com, treasury.gov - 11/11/162,6,7,8
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 -
reuters.com/article/us-usa-stocks-idUSKBN13619K [11/11/16]
2 -
markets.wsj.com/us [11/11/16]
3 -
usatoday.com/story/money/2016/11/11/fischer-case-gradual-rate-hikes-quite-strong/93618568/
[11/11/16]
4 -
bloomberg.com/news/articles/2016-11-11/u-s-consumer-sentiment-hits-five-month-high-before-election
[11/11/16]
5 -
money.cnn.com/data/commodities/ [11/11/16]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=11%2F10%2F15&x=0&y=0
[11/11/16]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=11%2F10%2F15&x=0&y=0
[11/11/16]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=11%2F10%2F15&x=0&y=0
[11/11/16]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=11%2F10%2F11&x=0&y=0
[11/11/16]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=11%2F10%2F11&x=0&y=0
[11/11/16]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=11%2F10%2F11&x=0&y=0
[11/11/16]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=11%2F10%2F06&x=0&y=0
[11/11/16]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=11%2F10%2F06&x=0&y=0
[11/11/16]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=11%2F10%2F06&x=0&y=0
[11/11/16]
7 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[11/11/16]
8
-
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[11/11/16]
|
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