|
|||||||||||||||||||||||||||||||
|
WEEKLY QUOTE
“It’s
a rare person who wants to hear what he doesn’t want to hear.”
- Dick Cavett
WEEKLY TIP
One
way to save money on auto insurance premiums: raise your deductible. In some
cases, that could lower your yearly premium by 10% or more. Of course, you must
be able to handle the larger deductible if damage occurs.
WEEKLY RIDDLE
Isabella’s
mother has three children. The first child’s name is April. The second
child’s name is May. What is the third child’s name?
Last week’s riddle:
What time of day can be written the same way forwards or
backwards?
Last week’s answer:
Noon.
|
November 1st,
2017
THIRD QUARTER
SAW SOLID ECONOMIC GROWTH
Friday, the Bureau of Economic Analysis issued its first
estimate of Q3 GDP: 3.0%. Its report showed increases in personal spending
and business stockpiling offsetting a dip in home building. The economy grew
3% or more for a second straight quarter for the first time since 2014.
Growth has averaged 2.2% per quarter since the end of the recession in 2009.1
NEW HOME SALES
LEAP UP
Unexpectedly, new home buying increased by 18.9% in
September; the Census Bureau said that the sales pace reached a ten-year
peak. The surge put the year-over-year gain for new home purchases at 17.0%.2
CONSUMERS
RETAIN THEIR OPTIMISM
The University of Michigan’s consumer sentiment index finished
October at 100.7, just 0.1 points beneath the forecast of economists polled
by MarketWatch. That very high reading was below the initial October mark of
101.1, however.3
NASDAQ CLIMBS
144 POINTS IN A DAY
Impressive earnings news sent the tech benchmark up 2.20%
Friday to a close of 6,701.26; it gained 1.09% for the week. The S&P 500
added 0.23% last week, settling Friday at 2,581.07; the Dow Industrials rose
0.45% to 23,434.19 in the same span.4
THIS WEEK: Monday, September’s personal spending
numbers and PCE price index appear, along with earnings from CNA Financial,
Edison International, Kemper, Loews, Mondelez, Nautilus, Rent-A-Center, and
Sempra Energy. The Conference Board’s latest consumer confidence index
surfaces Tuesday, plus earnings from Aetna, Anadarko Petroleum, Archer
Daniels Midland, BP, Cummins, Electronic Arts, Kellogg, MasterCard, Pfizer,
Regis Corp., Under Armour, and Voya Financial. On Wednesday, a Federal
Reserve policy statement, the October ADP payrolls report, and a new ISM
factory PMI arrive; earnings emerge from Allergan, Allstate, Brinker
International, Clorox, Estee Lauder, Facebook, Garmin, GoPro, Hanesbrands,
Honda, Kraft Heinz, La Quinta Holdings, Marathon Oil, MetLife, Molson Coors,
Prudential Financial, Qualcomm, Shake Shack, Symantec, Tesla, Transocean, and
Yelp. Thursday’s earnings parade includes Activision Blizzard, Alibaba, AMC
Networks, Apple, AutoNation, CBS, Chesapeake Energy, Cigna, Exelon, Fluor,
Genworth Financial, Hyatt, Live Nation, Motorola Solutions, Pandora Media,
Parker-Hannifin, Ralph Lauren, Starbucks, Vulcan Materials, Wayfair, and Yum!
Brands. The Department of Labor’s October jobs report rolls out Friday as
well as the October ISM services PMI and earnings from Bloomin’ Brands, CBRE
Group, Duke Energy, Revlon, and Shell Midstream Partners.
Sources: wsj.com, bigcharts.com, treasury.gov - 10/27/174,5,6,7
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. |
|||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||
|
«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 - tinyurl.com/ybkdsjh3 [10/27/17]
2 -
marketwatch.com/story/new-home-sales-roar-to-a-10-year-high-in-september-2017-10-25
[10/25/17]
3 - marketwatch.com/economy-politics/calendars/economic
[10/27/17]
4 - markets.wsj.com/us
[10/27/17]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=10%2F27%2F16&x=0&y=0
[10/27/17]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=10%2F27%2F16&x=0&y=0
[10/27/17]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=10%2F27%2F16&x=0&y=0
[10/27/17]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=10%2F26%2F12&x=0&y=0
[10/27/17]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=10%2F26%2F12&x=0&y=0
[10/27/17]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=10%2F26%2F12&x=0&y=0
[10/27/17]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=10%2F26%2F07&x=0&y=0
[10/27/17]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=10%2F26%2F07&x=0&y=0
[10/27/17]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=10%2F26%2F07&x=0&y=0
[10/27/17]
6 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[10/27/17]
7 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[10/27/17]
|
|||||||||||||||||||||||||||||||
Wednesday, November 1, 2017
Economic Update for the week of November 1st, 2017
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment