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WEEKLY QUOTE
“Learn how to see.
Realize that everything connects to everything else.”
- Leonardo da
Vinci
WEEKLY TIP
Poor documentation can
be an Achilles heel for a small business. Storing invoices, bank
statements, credit notes, and other financial documents in one place is vital,
be it a file cabinet or a digital vault.
WEEKLY RIDDLE
They can hear you, you
can touch them, but they will never see you. What are they?
Last week’s riddle:
Rick was
born on December 4th, yet he claims his birthday always occurs in the summer.
How is this possible?
Last week’s answer:
He was born
in the Southern Hemisphere.
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April 26,
2017
EXISTING HOME
SALES HIT A 10-YEAR PEAK
Rising 4.4% for March,
resales surpassed expectations – analysts polled by Reuters projected a gain of
2.5%. The National Association of Realtors said that sales were 5.9% improved
from a year before, and that put them at their best level since February 2007,
even with existing home inventory 6.6% slimmer than in March
2016.1
CONSTRUCTION
ACTIVITY WANES
Department of Commerce
data showed a 6.8% reduction in housing starts in March. Even with that fall,
starts were up 9.2% in 12 months. Building permits rose 3.6% last month,
resulting in a 17.0% annualized increase.2
LIGHT SWEET
CRUDE SLIDES 7% IN 5 TRADING DAYS
WTI crude settled at
$49.62 Friday, 7.4% below where it had closed a week earlier. One influence was
a Baker Hughes report showing that the number of active rigs had increased for a
fourteenth consecutive week.3
STOCKS END
CHOPPY WEEK HIGHER
Five days of
rollercoastering ultimately sent the S&P 500 to a 0.85% weekly gain. The Dow
Jones Industrial Average and Nasdaq Composite respectively advanced 0.46% and
1.82% in the same stretch. At Friday’s close, the Dow settled at 20,547.76; the
S&P, at 2,348.69; and the Nasdaq, at
5,910.52.4
THIS
WEEK:
Monday, earnings arrive from Coach,
Express Scripts, Halliburton, Hasbro, Kimberly-Clark, Newmont Mining, and T.
Rowe Price. The Conference Board’s April
consumer confidence index, the February S&P/Case-Shiller home price index,
and March new home sales data appear Tuesday, along with earnings from 3M,
AT&T, Baker Hughes, Biogen, Capital One, Caterpillar, Chubb, Coca-Cola, Eli
Lilly, Fifth Third, Freeport-McMoRan, McDonald’s, Northern Trust, Novartis, and
Xerox. On Wednesday, the earnings lineup includes Alaska Air, Amgen, Anthem,
Boeing, Credit Suisse, Dr. Pepper Snapple Group, Equifax, GlaxoSmithKline,
Hershey, Ingersoll-Rand, Norfolk Southern, O'Reilly Auto Parts, PepsiCo, Procter
& Gamble, Rockwell Automation, State Street, and T-Mobile. Earnings from
Alphabet, Amazon, American Airlines, Comcast, Dow Chemical, Expedia, Ford Motor
Co., MGM Resorts, Microsoft, Parker-Hannifin, Southwest Airlines, Under Armour,
and Western Digital all roll out Thursday, complementing reports on initial
jobless claims and March durable goods orders and housing contract activity.
Exxon Mobil, General Motors, Phillips 66, UBS Group AG, and Weyerhaeuser issue
earnings news Friday, as investors also consider the federal government’s first
estimate of Q1 growth and the University of Michigan’s final April consumer
sentiment index.
Sources: wsj.com, bigcharts.com, treasury.gov - 4/21/174,5,6,7
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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«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 -
reuters.com/article/us-usa-economy-housing-idUSKBN17N1QU [4/21/17]
2 -
marketwatch.com/story/housing-starts-fall-7-but-permits-pick-up-the-slack-in-march-2017-04-18
[4/18/17]
3
-
foxbusiness.com/markets/2017/04/21/oil-ends-under-50-as-signs-rising-us-output-cast-doubts-over-opec-cut-extension.html
[4/21/17]
4 -
markets.wsj.com/us [4/21/17]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=4%2F21%2F16&x=0&y=0
[4/21/17]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=4%2F21%2F16&x=0&y=0
[4/21/17]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=4%2F21%2F16&x=0&y=0
[4/21/17]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=4%2F20%2F12&x=0&y=0
[4/21/17]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=4%2F20%2F12&x=0&y=0
[4/21/17]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=4%2F20%2F12&x=0&y=0
[4/21/17]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=4%2F20%2F07&x=0&y=0
[4/21/17]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=4%2F20%2F07&x=0&y=0
[4/21/17]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=4%2F20%2F07&x=0&y=0
[4/21/17]
6 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[4/21/17]
7 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[4/21/17]
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Wednesday, April 26, 2017
Economic Update for the week of April 26th, 2017
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