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WEEKLY QUOTE
“Achievement is largely
the product of steadily raising one’s levels of aspiration and
expectation.”
- Jack Nicklaus
WEEKLY TIP
Be sure to study your
potential Medicare choices in the years before you turn 65. Evaluate whether you
should go with original Medicare (and Part D coverage) or a Part C
plan.
WEEKLY RIDDLE
It doesn’t have eyes,
but once it held two. It once held thoughts, but is now empty. What could it be?
Last week’s riddle:
Double S,
double P, it has four Is and not one C. What oft-seen 11-letter word is
this?
Last week’s answer:
Mississippi.
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February 8,
2017
POSITIVES
& NEGATIVES IN JANUARY’s JOB DATA
The Department of
Labor’s latest jobs report showed 227,000 net new hires last month.
Unfortunately, wages grew just 0.1% in January as the headline jobless rate rose
slightly to 4.8%. The U-6 rate, counting the underemployed, rose 0.2% to
9.4%.1
STRONG
CONSUMER CONFIDENCE & SPENDING
While the Conference
Board’s monthly consumer confidence index declined 1.5 points in January, it
remained at a high level with a 111.8 reading. Personal spending improved 0.5%
in December, with personal incomes up 0.3%.2
ISM INDICES
SHOW FURTHER SECTOR EXPANSION
The Institute for Supply
Management’s purchasing manager indices were at high levels in January. ISM’s
factory index gained 1.5 points to 56.0. Its service sector gauge ticked down
0.1 points to 56.5, but that still signaled solid
growth.3
DODD-FRANK ACT
FACES A REVIEW
Through an executive
order issued Friday, President Donald Trump authorized a review of this law
aimed at regulating activities of big banks. According to the New York
Times, the directive also calls for major sections of Dodd-Frank to be
revised.4
MINOR PROGRESS
FOR THE S&P 500
The Federal Reserve
stood pat on interest rates, bank shares rose on the Dodd-Frank news, and
January hiring totals exceeded forecasts. These developments helped stocks make
small weekly gains. In five days, the S&P 500 rose 0.12% to 2,297.42, and
the Nasdaq 0.11%, to 5,666.77. The Dow lost 0.11% to settle at
20,071.46 Friday.5
THIS
WEEK:
CNA Financial, Hasbro, Loews Corp., Sysco, Tesoro, 21st Century Fox, and Tyson
Foods announce earnings Monday. Tuesday’s earnings roll call features results
from Akamai, Aramark, Archer Daniels Midland, Buffalo Wild Wings, Container
Store, General Motors, Genworth Financial, Gilead Sciences, Lennox, Michael
Kors, Mosaic, NETGEAR, O’Reilly, Panera Bread, Penske, Spirit Airlines, Take-Two
Interactive, Vulcan Materials, and Walt Disney Co. Wednesday, earnings emerge
from Alaska Air, Allergan, Exelon, GlaxoSmithKline, Goodyear, Humana, Prudential
Financial, Time Warner, W.R. Grace, and Whole Foods. New initial claims numbers
arrive Thursday, plus earnings from Activision Blizzard, Advance Auto Parts,
Beazer, Coca-Cola, Cummins, CVS Health, Dunkin’ Brands, Expedia, Gannett,
Kellogg, Kemper, NCR, Nvidia, Occidental Petroleum, Pandora, Skechers, Twitter,
Viacom, Western Union, Yelp, Yum! Brands, and Zynga. Friday, the University of
Michigan’s latest household sentiment index appears, plus Q4 results from CBRE
Group.
Sources: wsj.com, bigcharts.com, treasury.gov - 2/3/175,6,7,8
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. The information herein
has been derived from sources believed to be accurate. Please note - investing
involves risk, and past performance is no guarantee of future results.
Investments will fluctuate and when redeemed may be worth more or less than when
originally invested. 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 market indices discussed are unmanaged and are not
illustrative of any particular investment. Indices do not incur management fees,
costs and expenses, and cannot be invested into directly. All economic and
performance data is historical and not indicative of future results. The Dow
Jones Industrial Average is a price-weighted index of 30 actively traded
blue-chip stocks. The NASDAQ Composite Index is a 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 a market-cap weighted index composed of the common stocks of 500 leading
companies in leading industries of the U.S. economy. 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. MarketingPro, Inc. is not affiliated with any
person or firm that may be providing this information to you. 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 -
investopedia.com/news/strong-january-jobs-report-wage-growth-still-soft/
[2/3/17]
2 -
investing.com/economic-calendar/ [2/3/17]
3 -
instituteforsupplymanagement.org/ismreport/nonmfgrob.cfm [2/3/17]
4 -
nytimes.com/2017/02/03/business/dealbook/trump-congress-financial-regulations.html
[2/3/17]
5 -
markets.wsj.com/us [2/3/17]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=2%2F3%2F16&x=0&y=0
[2/3/17]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=2%2F3%2F16&x=0&y=0
[2/3/17]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=2%2F3%2F16&x=0&y=0
[2/3/17]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=2%2F3%2F12&x=0&y=0
[2/3/17]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=2%2F3%2F12&x=0&y=0
[2/3/17]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=2%2F3%2F12&x=0&y=0
[2/3/17]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=2%2F2%2F07&x=0&y=0
[2/3/17]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=2%2F2%2F07&x=0&y=0
[2/3/17]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=2%2F2%2F07&x=0&y=0
[2/3/17]
7 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[2/3/17]
8
-
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[2/3/17]
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Wednesday, February 8, 2017
Economic Update for the week of February 8th, 2017
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