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WEEKLY QUOTE
“Whatever
you think, be sure it is what you think; whatever you want, be sure that is
what you want; whatever you feel, be sure that is what you feel.”
- T.S. Eliot
WEEKLY TIP
Retiring
one year later means one extra year to save, one extra year for those savings
to potentially grow and compound, one less year of retirement to fund, and one
more year of living on work or business income.
WEEKLY RIDDLE
The
more of them you add, the less something will weigh. What are they?
Last week’s riddle:
It occasionally comes up in conversation, and it never goes down.
What is it?
Last week’s answer:
Your age.
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January 10,
2018
LOW
UNEMPLOYMENT, BUT LESS HIRING
The Department of Labor’s latest jobs report announced a
headline unemployment rate of only 4.1% in December, but it also showed
companies adding just 148,000 net new workers last month. Even so, net
payroll growth averaged 204,000 during the last three months. In hiring
terms, the health care sector grew more than any other industry in 2017,
expanding by 300,000 jobs. Wages rose 2.5% last year. The broader U-6 jobless
rate, encompassing the underemployed, ticked up a tenth of a point to 8.1%,
which was still half a percent below its level of a year ago.1
MORE FACTORY
ACTIVITY DURING THE HOLIDAYS
December saw U.S. manufacturers pick up their pace. The
Institute for Supply Management’s purchasing manager index for the factory
sector surprised to the upside with a fine reading of 59.7. Economists polled
by Briefing.com had projected the PMI to decline 0.2 points to 58.0. ISM’s
non-manufacturing PMI fell in December, weakening 1.5 points to a reading of
55.9.2
WTI CRUDE
CONTINUES TO RALLY
Finishing at $61.41 on the NYMEX Friday, it advanced 1.7%
last week. Investor concern over anti-government protests in Iran and
stateside data showing smaller crude reserves helped. Oil settled at $62.01
Thursday, which was a peak unmatched in roughly three years.3
A SHORT,
NOTEWORTHY WEEK STARTS THE YEAR
During January 2-5, the Dow Jones Industrial Average
topped 25,000 and the Nasdaq Composite went above 7,000. The blue chips ended
the week at 25,295.87; the Nasdaq, at 7,136.56; the S&P 500, at 2,743.15.
The 4-day gains: Dow, 2.18%; Nasdaq, 3.35%; S&P, 2.50%. The CBOE VIX
wrapped up the week down at 9.22.4,5
THIS WEEK: Nothing major is scheduled for Monday or
Tuesday. On Wednesday, KB Home, Lennar, and Supervalu present earnings. The
December Producer Price Index appears Thursday, plus a new initial claims
report. Friday, a new earnings season starts off with announcements from
BlackRock, Infosys, JPMorgan Chase, PNC Financial, and Wells Fargo, and three
important economic indicators arrive for consideration – the December retail
sales report from the Department of Commerce, the December Consumer Price
Index, and the preliminary January consumer sentiment index from the
University of Michigan.
Sources: finance.google.com, bigcharts.com, treasury.gov - 1/5/185,6,7,8
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 - forbes.com/sites/maggiemcgrath/2018/01/05/unemployment-rate-holds-steady-at-4-1-as-u-s-adds-148000-jobs-in-december/
[1/5/18]
2 - briefing.com/investor/calendars/economic/2018/01/01-05 [1/5/18]
3 - marketwatch.com/story/oil-prices-fall-losing-grip-on-3-year-high-2018-01-05
[1/5/18]
4 - markets.wsj.com/us
[1/5/18]
5 - finance.google.com/finance?q=INDEXDJX:.DJI&ei=POlPWoHEE5eJjAHrvInABw
[1/5/18]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=1%2F5%2F17&x=0&y=0
[1/5/18]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=1%2F5%2F17&x=0&y=0
[1/5/18]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=1%2F5%2F17&x=0&y=0
[1/5/18]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=1%2F4%2F13&x=0&y=0
[1/5/18]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=1%2F4%2F13&x=0&y=0
[1/5/18]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=1%2F4%2F13&x=0&y=0
[1/5/18]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=1%2F4%2F08&x=0&y=0
[1/5/18]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=1%2F4%2F08&x=0&y=0
[1/5/18]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=1%2F4%2F08&x=0&y=0
[1/5/18]
7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[1/5/18]
8 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[1/5/18]
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Wednesday, January 10, 2018
Economic Update for the week of January 10th, 2018
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