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WEEKLY QUOTE
“The
art of life lies in a constant readjustment to our surroundings.”
- Okakura Kakuzo
WEEKLY TIP
If
you introduce new equipment to your company, bear in mind that your firm’s
productivity may drop as your workers ride the learning curve. Make sure you
have the financing in place to contend with that possibility.
WEEKLY RIDDLE
Rob
looks out at a boat full of people in a harbor. He is in disbelief when his
friend Christine looks at the same boat and says there is not a single person
on board. Is Rob seeing things? How could Christine be right in her assertion?
Last week’s riddle:
You will never see it. It brings you down, but never up. What is
it?
Last week’s answer:
Gravity.
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January 24,
2018
CONSUMER SENTIMENT
READING COOLS
The initial January University of Michigan consumer
sentiment index came in at 94.4 last week, 1.5 points beneath its final
reading of 2017 and 4.1 points under its level of one year ago. Without
prompting, 34% of respondents to the latest UMich survey brought up the
subject of the recent federal tax reforms; 70% of them felt the reforms would
have a positive effect on their lives; 18%, a negative effect.1
WINTER WEAKENS
HOUSING STARTS
New Census Bureau data shows groundbreaking decreased 8.2%
in December after a (revised) 3.0% November gain. Building permits ticked
down 0.1% last month.2
BITCOIN PLUMMETS
& RECOVERS; OIL DESCENDS
Commodity investors watched the premier digital currency
crest above $14,000 Monday, sink under $10,000 Wednesday, and rebound to a
price of $11,400.35 as Wall Street’s trading week ended. Friday, the International
Energy Agency predicted U.S. oil output would near a 50-year peak in 2018.
That hurt prices and left WTI crude 1.5% lower for the week; it fell to
$63.37 at Friday’s closing bell.3,4
DOW REACHES
ITS SECOND MILESTONE IN A MONTH
Last week, the blue chips improved 1.04% on the way to a
Friday settlement of 26,071.72. On Tuesday, the benchmark closed above 26,000
to complete the quickest 1,000-point climb in its history: it took only eight
days. (The previous record was 23 trading sessions.) The Nasdaq Composite (+1.04%
to 7,336.38) and S&P 500 (+0.86% to 2,810.30) also logged weekly
advances.5,6
THIS WEEK: Halliburton, Netflix, TD Ameritrade, UBS, and
Zions Bancorp issue earnings Monday. Capital One, Fifth Third, Johnson &
Johnson, Kimberly-Clark, Procter & Gamble, State Street, Texas
Instruments, Travelers Companies, and Verizon join the earnings parade
Tuesday. December existing home sales figures appear Wednesday, plus earnings
from Abbott Labs, Ameriprise Financial, Comcast, Discover, Ford Motor Co.,
General Dynamics, General Electric, Grainger, Legg Mason, Northern Trust,
Novartis, Rockwell Automation, Royal Caribbean International, Stanley Black
& Decker, United Rentals, and Whirlpool. On Thursday, December new home
sales numbers emerge, plus the latest initial jobless claims report and
earnings from 3M, Alaska Air Group, American Airlines, Biogen, Caterpillar, Celanese,
Celgene, Fiat Chrysler, Freeport-McMoRan, Intel, JetBlue, Northrop Grumman, Raytheon,
Sherwin Williams, Southwest Airlines, Starbucks, Union Pacific, and Western
Digital. The first estimate of Q4 economic expansion arrives Friday, along
with earnings news from Colgate-Palmolive, Honeywell, NextEra Energy, and Rockwell
Collins.
Sources: wsj.com, bigcharts.com, treasury.gov - 1/19/186,7,8,9
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 - sca.isr.umich.edu/
[1/19/18]
2 - investing.com/economic-calendar/
[1/19/18]
3 - marketwatch.com/story/oil-prices-slip-from-3-year-high-as-traders-wait-for-trump-move-on-iran-2018-01-12
[1/19/18]
4 - marketwatch.com/story/oil-prices-sink-1-head-for-biggest-weekly-loss-since-oct-2018-01-19/
[1/19/18]
5 - nytimes.com/reuters/2018/01/17/business/17reuters-usa-stocks-dow-factbox.html
[1/17/18]
6 - markets.wsj.com/us
[1/19/18]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=1%2F19%2F17&x=0&y=0
[1/19/18]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=1%2F19%2F17&x=0&y=0
[1/19/18]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=1%2F19%2F17&x=0&y=0
[1/19/18]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=1%2F18%2F13&x=0&y=0
[1/19/18]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=1%2F18%2F13&x=0&y=0
[1/19/18]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=1%2F18%2F13&x=0&y=0
[1/19/18]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=1%2F18%2F08&x=0&y=0
[1/19/18]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=1%2F18%2F08&x=0&y=0
[1/19/18]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=1%2F18%2F08&x=0&y=0
[1/19/18]
8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[1/19/18]
9 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[1/19/18]
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Wednesday, January 24, 2018
Economic Update for the week of January 24th, 2018
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