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WEEKLY QUOTE
“I
have found that if you love life, life will love you back.”
- Arthur Rubinstein
WEEKLY TIP
Spending
three or four dollars a day on energy drinks and other “superfoods” may be unwarranted.
A balanced diet could provide you with all the vitamins and nutrients you
need, for less money and with less hype.
WEEKLY RIDDLE
I
am a word of four letters. I begin and end with the same letter. Take my
beginning and ending letters away and I am a friendly greeting rather than a
place. What word am I?
Last week’s riddle:
Marshall is reading a book in his basement when the lights go
out. He keeps on reading, even without any light sources. How is he able to
keep reading?
Last week’s answer:
He is blind, and the book is
printed in Braille.
|
March 29, 2017
NEW HOME SALES
GO ONE WAY, RESALES ANOTHER
Rising 6.1% in February, new home sales reached a 7-month peak.
The Census Bureau said that this gain occurred with just 5.4 months of
inventory on the market, less than half that available in 2006 during the
height of the last residential real estate boom. In contrast, the National
Association of Realtors reported a 3.7% retreat for existing home sales last
month, with increasing mortgage rates, high prices, and limited supply as major
factors.1
A GAIN FOR DURABLE
GOODS ORDERS
A Census Bureau report noted a 1.7% improvement in February,
following January’s 2.3% advance. Core hard goods orders did retreat 0.1%
last month.2
LIGHT SWEET CRUDE
BREAKS 4-DAY LOSING STREAK
Friday’s small gain in the price of oil marked the first
daily advance for the commodity since March 17. Across March 20-24, crude prices
declined 1.7% as news broke of record stockpiles; it was the third losing
week for oil in the past month. WTI crude settled at a NYMEX price of $47.97
Friday.3
VOLATILITY RETURNS, MAJOR INDICES DECLINE
Investors
were less confident last week than they had been in some time.
Across five trading days, the Dow Jones Industrial Average fell 1.52% to
20,596.72; the Nasdaq Composite, 1.22% to 5,828.74; and the S&P 500,
1.44% to 2,343.98. The CBOE VIX gained 14.89% for the week, which still left
it down 7.69% for the year.4
THIS WEEK: Monday, nothing major is scheduled. Tuesday,
Federal Reserve chair Janet Yellen speaks at an economic development
conference in Washington, D.C., the Conference Board releases its March
consumer confidence index, the January S&P/Case-Shiller home price index
arrives, and in addition, Wall Street will look at earnings from Carnival,
Darden Restaurants, and Sonic. On Wednesday, U.K. prime minister Theresa May is
expected to officially trigger Article 50 of the Lisbon Treaty, formally
beginning the Brexit; stateside, the NAR issues its February pending home
sales report, complementing earnings news from Lululemon Athletica and
Paychex. Thursday brings both a new initial jobless claims report and the
third estimate of Q4 growth from the federal government, along with Q4
results from Dell Technologies. Friday offers the University of Michigan’s final
March consumer sentiment index, February consumer spending figures, and the
latest PCE price index.
Sources: wsj.com, bigcharts.com, treasury.gov - 3/24/174,5,6,7
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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|
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free to forward this article to family, friends or colleagues.
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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 - foxbusiness.com/markets/2017/03/23/u-s-jobless-claims-unexpectedly-rise-labor-market-still-strong.html
[3/23/17]
2 - thestreet.com/story/14057593/1/stock-futures-edge-higher-as-health-care-vote-drama-continues.html
[3/24/17]
3 - marketwatch.com/story/crude-oil-breaks-4-day-losing-streak-after-saudis-slash-exports-to-us-2017-03-24/
[3/24/17]
4 - markets.wsj.com/us
[3/24/17]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F24%2F16&x=0&y=0
[3/24/17]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F24%2F16&x=0&y=0
[3/24/17]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F24%2F16&x=0&y=0
[3/24/17]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F23%2F12&x=0&y=0
[3/24/17]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F23%2F12&x=0&y=0
[3/24/17]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F23%2F12&x=0&y=0
[3/24/17]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F23%2F07&x=0&y=0
[3/24/17]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F23%2F07&x=0&y=0
[3/24/17]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F23%2F07&x=0&y=0
[3/24/17]
6 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[3/24/17]
7 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[3/24/17]
|
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Wednesday, March 29, 2017
Economic Update for the week of March 29th, 2017
Wednesday, March 22, 2017
Economic Update for the week of March 22nd, 2017
|
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|
WEEKLY QUOTE
“Life
is not so important as the duties of life.”
- John Randolph
WEEKLY TIP
Does
your will or estate plan take your pets into account? If you have no heirs,
or if no heirs or family members want the responsibility of caring for them if
you die, provisions should be made on their behalf.
WEEKLY RIDDLE
Marshall
is reading a book in his basement when the lights go out. He keeps on reading,
even without any light sources. How is he able to keep reading?
Last week’s riddle:
It can brighten any room, yet not take up any space. What is it?
Last week’s answer:
Light.
|
March 22, 2017
FED HIKES, LEAVES
2017 FORECAST UNCHANGED
As expected, the Federal Reserve raised the target range for
the federal funds rate by a quarter-point last week to 0.75-1.00%. “The
simple message is, the economy is doing well,” Fed chair Janet Yellen explained
to the media following the move. The central bank’s dot-plot table still
projects two more rate increases during the balance of 2017, with three rate
hikes envisioned for both 2018 and 2019.1
INFLATION
PRESSURE EASEs
February’s Consumer Price Index displayed only a 0.1% gain,
compared to 0.6% in January. Core consumer prices moved 0.2% higher. The
small February increase still left the headline CPI up 2.7% in the past 12
months. The Producer Price Index rose 0.3% for February, putting its yearly
advance at 2.2%.2
SMALL GAINS IN
SENTIMENT, RETAIL SALES
The initial March University of Michigan consumer sentiment
index came in at 97.6 Friday, 1.3 points above its final February mark. Thanks
mainly to “improved personal finances” among households, the index’s current
economic conditions component hit a 17-year high. A Census Bureau report
showed retail purchases up 0.1% in February, 0.2% with car and gasoline
buying factored out.2,3
CALM WEEK SEES
SMALL STOCK MARKET ADVANCE
Wall
Street saw the March 15 Federal Reserve policy decision as an affirmation of
the economy’s health; equities investors were not at all riled. Ending the week at 5,901.00, the Nasdaq Composite gained 0.67% in
five days. The S&P 500 rose 0.24% in the same period to settle at
2,378.25 Friday, while the Dow Jones Industrial Average added just 0.06%
across five trading sessions on the way to a Friday close of 20,914.62.
Losing 3.26% in five days, the CBOE Volatility Index ended the week at 11.28.4
THIS WEEK: Monday, nothing major is scheduled. Earnings
announcements from FedEx, General Mills, Lands’ End, Nike, and Steelcase appear
Tuesday. Wednesday, Wall Street reviews February existing home sales and
earnings reports from Cintas, Five Below, Perry Ellis, and Winnebago. Thursday
morning, Federal Reserve chair Janet Yellen delivers a keynote address at a
Fed conference in Washington, D.C.; in addition, investors will eye the
latest initial claims report, February’s new home sales report, and earnings news
from Accenture, GameStop, KB Home, Micron Technology, Shoe Carnival, and
Sportsman’s Warehouse. Friday offers a report on February hard goods orders and
Q4 results from Finish Line.
Sources: wsj.com, bigcharts.com, treasury.gov - 3/17/174,5,6,7
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. |
|||||||||||||||||||||||||||||||
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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 -
marketwatch.com/story/fed-raises-interest-rates-by-a-quarter-point-sees-two-move-moves-this-year-2017-03-15
[3/15/17]
2 - investing.com/economic-calendar/
[3/17/17]
3 - sca.isr.umich.edu/
[3/17/17]
4 - markets.wsj.com/us
[3/17/17]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F17%2F16&x=0&y=0
[3/17/17]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F17%2F16&x=0&y=0
[3/17/17]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F17%2F16&x=0&y=0
[3/17/17]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F16%2F12&x=0&y=0
[3/17/17]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F16%2F12&x=0&y=0
[3/17/17]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F16%2F12&x=0&y=0
[3/17/17]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F16%2F07&x=0&y=0
[3/17/17]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F16%2F07&x=0&y=0
[3/17/17]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F16%2F07&x=0&y=0
[3/17/17]
6 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[3/17/17]
7 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[3/17/17]
|
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Wednesday, March 8, 2017
Economic Update for the week of March 8th, 2017
| |||||||||||||||||||||||||||||||
|
WEEKLY QUOTE
“Education is the
ability to listen to almost anything without losing your temper or your
self-confidence.”
- Robert Frost
WEEKLY TIP
A National Council on
Aging website, benefitscheckup.org, has links to many federal, state, and local
programs that help retirees save money on medicines, utilities, health care
services, and more. Visit the site to see if you are eligible for them.
WEEKLY RIDDLE
Michelle threw a
softball 30 feet, and it didn’t hit anything and it came back to her. What did
she do to make this happen?
Last week’s riddle:
They may be
sharp and flat, but they may soothe you rather than hurt you. What are
they?
Last week’s answer:
Musical
notes.
|
March 8,
2017
YELLEn: RATE
MOVE MAY HAPPEN THIS MONTH
In Chicago Friday,
Federal Reserve chair Janet Yellen said that if hiring and inflation indicators
continue to meet the central bank’s expectations, an interest rate hike “would
likely be appropriate” at its March policy meeting. She also noted that, barring
unforeseen events, the pace of tightening in the near term “likely will not be
as slow as it was during the past couple of years.” After these statements, the
Fed futures market put the chance of a March rate increase at
82%.1
RISING
CONFIDENCE, TEMPERED SPENDING
At a mark of 114.8, the
Conference Board consumer confidence index reached its highest point in 14½
years in February. Just 20.3% of Americans found jobs “hard to get,” the
smallest percentage in eight years. A Department of Commerce report, however,
showed only average consumer spending in January: personal spending rose just
0.2% in that month, and it actually slipped 0.3% when adjusted for inflation.
Personal incomes grew by 0.4% in the first month of the
year.2,3
FACTORIES HUM
IN FEBRUARY
The Institute for Supply
Management’s manufacturing purchasing manager index rose 1.7 points to 57.7 last
month. That was its best reading since August 2014. ISM’s services gauge also
improved; it moved north 1.1 points in February to
57.6.3,4
HOME VALUES
RISE NEARLY 6% in 12 MONTHS
December’s
S&P/Case-Shiller 20-city house price index showed a 5.8% yearly gain in home
appreciation. In the November edition, the advance was
5.6%.4
ANOTHER DOW
MILESTONE
The Dow Industrials
closed above 21,000 for the first time last week, adding 0.88%
across five days to settle at 21,005.71 Friday. The S&P 500 rose 0.67% for
the week to 2,383,12; the Nasdaq Composite, 0.44% to
5,870.75.5
THIS
WEEK:
Monday brings earnings from Analogic, Casey’s General Stores, and Thor
Industries. Tuesday, investors consider quarterly results from Alamo Group,
Dick’s Sporting Goods, H&R Block, Navistar, and Urban Outfitters. Wednesday
sees the release of ADP’s February payrolls report and earnings from Bob Evans
Farms, Hovnanian, Stein Mart, and Valspar. The latest initial unemployment
claims figures appear Thursday, plus earnings from El Pollo Loco, Real Goods
Solar, Smith Micro, and Verifone. Friday offers the February jobs report from
the Department of Labor and Q4 results from Kirkland’s.
Sources: wsj.com, bigcharts.com, treasury.gov - 3/3/175,6,7,8
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.
| ||||||||||||||||||||||||||||||
|
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. 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 -
usatoday.com/story/money/2017/03/03/yellen-signals-likely-rate-hike-march-meeting/98657322/
[3/3/17]
2 -
marketwatch.com/story/consumer-confidence-hits-15-year-high-2017-02-24
[2/28/17]
3 -
cnbc.com/2017/03/01/us-personal-income-jan-2017.html [3/1/17]
4 -
marketwatch.com/economy-politics/calendars/economic [3/3/17]
5 -
markets.wsj.com/us [3/3/17]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F3%2F16&x=0&y=0
[3/3/17]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F3%2F16&x=0&y=0
[3/3/17]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F3%2F16&x=0&y=0
[3/3/17]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F2%2F12&x=0&y=0
[3/3/17]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F2%2F12&x=0&y=0
[3/3/17]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F2%2F12&x=0&y=0
[3/3/17]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F2%2F07&x=0&y=0
[3/3/17]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F2%2F07&x=0&y=0
[3/3/17]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F2%2F07&x=0&y=0
[3/3/17]
7 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[3/3/17]
8
-
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[3/3/17]
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