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WEEKLY QUOTE
“Competition
is a painful thing, but it produces great results.”
- Jerry Flint
WEEKLY TIP
Disability
insurance can help to protect your income if you are too sick or hurt to
work. If employer-provided disability insurance is absent or inadequate, look
at buying a personal policy.
WEEKLY RIDDLE
Multiply
all the numbers on your phone’s keypad. What number do you get?
Last week’s riddle:
What goes up and down stairs without moving in many homes and
offices?
Last week’s answer:
Carpet.
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July 19,
2017
INFLATION
PRESSURE WEAKENS
The Consumer Price Index was unchanged in June, according
to the Bureau of Labor Statistics. That left its yearly advance at only 1.6%,
nearly half a point below the Federal Reserve’s target (the core CPI was up
1.7%). After the announcement, some economists and market strategists
wondered whether the Fed would rethink its plans for a third interest rate
hike in 2017. The Producer Price Index rose 0.1% in June, leaving its yearly
increase at 2.0%.1,2
RETAIL SALES,
CONSUMER SENTIMENT INDEX DECLINE
For the second month in a row, households scaled back
their retail purchases – retail sales were down 0.2% in June following a 0.1%
May decline. Core sales fell 0.2% after a May retreat of 0.3%. The University
of Michigan’s preliminary July consumer sentiment index lost 2.0 points off
its final June mark to a reading of 93.1.1,2
OIL RALLIES
A projection of rising demand and news of a pipeline
shutdown in Nigeria sent the price of light sweet crude 5.2% higher in a week.
WTI crude settled at $46.54 on the NYMEX Friday, its best close since July 3.3
DOW ENTERS
RECORD TERRITORY AGAIN
Friday, the Dow 30 notched its third straight record
close: 21,637.74. At the same time, the S&P 500 also settled at a new
record of 2,459.27. The Nasdaq Composite finished Friday’s market day at
6,312.47, a half-percent away from its all-time peak. For the week, the Dow rose
1.04%; the S&P, 1.41%; the Nasdaq, 2.59%.4,5
THIS WEEK: Monday’s earnings parade includes
announcements from BlackRock, Charles Schwab, J.B. Hunt, and Netflix. On
Tuesday, Wall Street examines earnings from Bank of America, CSX, Comerica, Goldman
Sachs, Harley-Davidson, IBM, Johnson & Johnson, Lockheed Martin, TD
Ameritrade, and UnitedHealth Group. Wednesday sees data on June housing starts
and building permits, plus earnings from American Express, Fidelity National
Financial, Morgan Stanley, Northern Trust, Qualcomm, T-Mobile, U.S. Bancorp,
United Rentals, and W.W. Grainger. A new weekly initial claims report arrives
Thursday, plus earnings news from Abbott Labs, Alliance Data Systems,
American Airlines Group, BB&T, BoNY Mellon, Capital One, Cintas, eBay,
E*TRADE, GATX, KeyCorp, Microsoft, NCR, Nucor, Philip Morris,
Sherwin-Williams, Skechers, Snap-On, Travelers Companies, Union Pacific, Visa,
and Whirlpool. On Friday, Colgate-Palmolive, Fifth Third Bancorp, General
Electric, Honeywell International, Regions Financial, Schlumberger, and
SunTrust Banks present earnings.
Sources: wsj.com, bigcharts.com, treasury.gov - 7/14/175,6,7,8
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 - cnbc.com/2017/07/14/lack-of-inflation-raises-new-doubts-about-fed-ability-to-hike-interest-rates-this-year.html
[7/14/17]
2 - investing.com/economic-calendar/
[7/14/17]
3 - marketwatch.com/story/oil-gains-pause-but-optimism-remains-after-iea-report-2017-07-14
[7/14/17]
4 - money.cnn.com/2017/07/14/investing/dow-record-trump-rally-wall-street/index.html
[7/14/17]
5 - markets.wsj.com/us
[7/14/17]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=7%2F14%2F16&x=0&y=0
[7/14/17]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=7%2F14%2F16&x=0&y=0
[7/14/17]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=7%2F14%2F16&x=0&y=0
[7/14/17]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=7%2F13%2F12&x=0&y=0
[7/14/17]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=7%2F13%2F12&x=0&y=0
[7/14/17]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=7%2F13%2F12&x=0&y=0
[7/14/17]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=7%2F13%2F07&x=0&y=0
[7/14/17]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=7%2F13%2F07&x=0&y=0
[7/14/17]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=7%2F13%2F07&x=0&y=0
[7/14/17]
7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[7/14/17]
8 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[7/14/17]
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Wednesday, July 19, 2017
Economic Update for the week of July 19th, 2017
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