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WEEKLY QUOTE
“True
knowledge exists in knowing that you know nothing.”
- Socrates
WEEKLY TIP
Thinking
of going into business? Most new firms are sole proprietorships, but with the
recent federal tax reforms, now is an excellent time to consider other
business entities and weigh which one might be best for you.
WEEKLY RIDDLE
It
is not a pool yet it has a cover, not a tree yet it has leaves, not a website
yet it has pages, and not a shirt yet it has sleeves. What could it be?
Last week’s riddle:
You can crack it, share it, tell it, make it, play it. What is
it, can you name it?
Last week’s answer:
A joke.
|
February 26,
2018
FEWER HOMES
ARE SELLING
Demand is high, prices are high, and inventory is slim. In
view of these factors, the 4.8% year-over-year fall for existing home sales just
reported by the National Association of Realtors is not surprising. It
represents the largest annual decline seen since August 2014. Other January NAR
data showed homebuying down 3.2% from December levels and a median sale price
of $240,500, up 5.8% in 12 months.1
FED MINUTES
EMPHASIZE THE “GRADUAL”
Minutes from the January Federal Open Market Committee
meeting appeared Wednesday, and while FOMC members saw “substantial
underlying economic momentum,” they also stated that “gradual policy firming
would be appropriate.” To many investors and economists, that hinted at a
March rate increase. The CME Group’s FedWatch tool puts the odds of a
quarter-point March move at 83.1%.2,3
OIL ADVANCES
for a SECOND STRAIGHT WEEK
A 1.2% Friday climb left WTI crude
3.3% higher than it had been seven days earlier on the NYMEX. Oil settled at
$63.55 a barrel Friday, still down 1.8% for February.4
STOCKS RISE
Across February 20-23, all three major Wall Street
benchmarks advanced. The Nasdaq Composite set the pace with a 1.35% gain,
wrapping up the week at 7,337.39. The S&P 500 and Dow Jones Industrial
Average added a little less: the former rose 0.55% to 2,747.30; the latter,
0.36% to 25,309.99.5
THIS WEEK: On Monday, Wall Street eyes results from
Boise Cascade, CoreLogic, Dean Foods, Fitbit, Nutrisystem, and Palo Alto
Networks, and January new home sales numbers also appear. New Federal Reserve
chair Jerome Powell testifies on monetary policy in Congress Tuesday;
investors will also look at the Conference Board’s latest consumer confidence
index, January hard goods orders, and earnings from AutoZone, Bank of
Montreal, Discovery Communications, Etsy, Express Scripts, Extended Stay
America, Frontier Communications, Hertz Global, IMAX, Live Nation, Macy’s, Papa
John’s, Priceline, Sempra Energy, Square, TiVo, and Toll Brothers. On
Wednesday, the Street reviews the second estimate of Q4 GDP, January pending
home sales, and earnings from Analog Devices, Bayer, Chico’s FAS, Hilton
Grand Vacations, Hostess Brands, L Brands, La Quinta Holdings, Lowe’s, Office
Depot, Snyder’s-Lance, and Valeant Pharmaceuticals. Thursday offers ISM’s
February factory PMI, January personal spending data, and earnings from AMC,
Anheuser-Busch, Barnes & Noble, Best Buy, Gap, Kohl’s, and Nordstrom. On Friday,
Foot Locker and JCPenney present earnings, and the University of Michigan issues
its latest consumer sentiment index.
Sources: wsj.com, bigcharts.com, treasury.gov - 2/23/185,6,7,8
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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|
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free to forward this article to family, friends or colleagues.
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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/2018/02/21/january-existing-home-sales-.html
[2/21/18]
2 - investors.com/news/economy/fed-minutes-policy-meeting/
[2/21/18]
3 - cmegroup.com/trading/interest-rates/countdown-to-fomc.html/ [2/23/18]
4 - marketwatch.com/story/oil-on-track-for-second-consecutive-weekly-rise-2018-02-23
[2/23/18]
5 - markets.wsj.com/us
[2/23/18]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=2%2F23%2F17&x=0&y=0
[2/23/18]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=2%2F23%2F17&x=0&y=0
[2/23/18]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=2%2F23%2F17&x=0&y=0
[2/23/18]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=2%2F22%2F13&x=0&y=0
[2/23/18]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=2%2F22%2F13&x=0&y=0
[2/23/18]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=2%2F22%2F13&x=0&y=0
[2/23/18]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=2%2F22%2F08&x=0&y=0
[2/23/18]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=2%2F22%2F08&x=0&y=0
[2/23/18]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=2%2F22%2F08&x=0&y=0
[2/23/18]
7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[2/23/18]
8 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[2/23/18]
|
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Wednesday, February 28, 2018
Economic Update for the week of February 28th, 2018
Wednesday, February 21, 2018
Economic Update for the week of February 21st, 2018
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WEEKLY QUOTE
“Courage
is resistance to fear, mastery of fear – not absence of fear.”
- Mark Twain
WEEKLY TIP
If
at all possible, avoid taking a loan from your workplace retirement plan. If
you withdraw funds from it before age 59½, you will usually incur a penalty,
and you will be drawing down money that should be left to grow and compound
in a tax-favored account.
WEEKLY RIDDLE
You
can crack it, share it, tell it, make it, or play it. What is it? Can you
name it?
Last week’s riddle:
Cheryl was driving a black car. Its lights were off, and there
was no moonlight. A cat walked into the middle of the road. How did she know
to stop?
Last week’s answer:
She was driving in the daylight.
|
February 21,
2018
INFLATION SUDDENLY
INTENSIFIES
The Consumer Price Index rose 0.5% in January, its
greatest month-over-month advance since January 2017. Core inflation (minus
food and energy prices) increased 0.3%, marking the largest monthly gain in
almost 13 years.1
RETAIL SALES PACE
SLOWS
Contradicting perceptions that the economy might be
overheating, retail purchases fell 0.3% in January. Minus car buying, retail
sales would have been unchanged for a second straight month, as a Department
of Commerce revision rendered the previously announced December gain flat.2
DEVELOPERS
BUILT MORE IN JANUARY
Groundbreaking increased 9.7% last month, according to a
Census Bureau report. The first month of the year also brought a 7.4% rise in
building permits.3
TAILWINDS RETURN
TO WALL STREET
In the wake of the correction, the major indices rebounded
nicely last week. The Nasdaq Composite led the way, rising 5.31% to a Friday
settlement of 7,239.47. Bulls also sent the Dow Industrials and S&P 500
much higher: the Dow gained 4.25% on the week to 25,219.38, while the S&P
rose 4.30% to 2,732.22. The CBOE VIX volatility index is certainly on a wild
ride: it fell 33.52% across last week to 19.32, but remained up 75.00% YTD.
In the commodities sector, oil staged a notable comeback, rallying 4.2% in
five days to finish the week at $61.68 on the NYMEX.4,5
THIS WEEK: Monday is Presidents Day: U.S. financial
markets are closed. The earnings roll call for Tuesday includes results from
Cardtronics, Cracker Barrel, Domino’s Pizza, Duke Energy, Fluor, Fresh Del
Monte Produce, Home Depot, HSBC, Medtronic, Noble Energy, Public Storage,
Sempra Energy, Transocean, and Walmart. On Wednesday, Wall Street considers
January existing home sales, minutes from the Federal Reserve’s January
policy meeting, and earnings from Avis Budget Group, Cheesecake Factory, Dish
Network, Garmin, Kaiser Aluminum, Owens Corning, Pandora Media, Roku, Sunoco,
and Wendy’s. A new initial jobless claims report arrives on Thursday, plus
earnings news from Bloomin’ Brands, Chesapeake Energy, Edison International, First
Solar, GoDaddy, Herbalife, Hewlett-Packard, Hormel, Intuit, Planet Fitness,
Wayfair, and Wingstop. Huntsman and KBR present earnings Friday.
Sources: wsj.com, bigcharts.com, treasury.gov - 2/16/184,6,7,8
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.
|
||||||||||||||||||||||||||||||
|
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. |
|||||||||||||||||||||||||||||||
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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 - thestreet.com/story/14488773/1/bond-yields-surge-as-investors-anticipate-rate-hikes-following-inflation-uptick.html
[2/14/18]
2 - marketwatch.com/story/us-retail-sales-slump-in-january---and-december-doesnt-look-so-good-now-either-2018-02-14/
[2/16/18]
3 - investing.com/economic-calendar/ [2/16/18]
4 - markets.wsj.com/us
[2/16/18]
5 - marketwatch.com/story/us-oil-benchmark-aims-for-3-day-win-streak-ahead-of-rig-data-2018-02-16
[2/16/18]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=2%2F16%2F17&x=0&y=0
[2/16/18]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=2%2F16%2F17&x=0&y=0
[2/16/18]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=2%2F16%2F17&x=0&y=0
[2/16/18]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=2%2F15%2F13&x=0&y=0
[2/16/18]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=2%2F15%2F13&x=0&y=0
[2/16/18]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=2%2F15%2F13&x=0&y=0
[2/16/18]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=2%2F15%2F08&x=0&y=0
[2/16/18]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=2%2F15%2F08&x=0&y=0
[2/16/18]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=2%2F15%2F08&x=0&y=0
[2/16/18]
7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[2/16/18]
8 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[2/16/18]
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Wednesday, February 14, 2018
Economic Update for the week of February 14th, 2018
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WEEKLY QUOTE
“Understanding
human needs is half the job of meeting them.”
- Adlai Stevenson
WEEKLY TIP
Risk
and reward go hand in hand when investing. For that reason, it is crucial to
define your risk tolerance limits. When investors lose their tolerance, they
can make emotional decisions they may later regret.
WEEKLY RIDDLE
Cheryl
was driving a black car. Its lights were off, and there was no moonlight. A
cat walked into the middle of the road. How did she know to stop?
Last week’s riddle:
No matter the time of day, it can open what you can’t. If not for
it, on your front porch you would stand. What is it?
Last week’s answer:
A key.
|
February 14,
2018
WALL STREET
SEES ITS FIRST CORRECTION SINCE 2016
On Friday, the S&P 500 settled at 2,619.55, down 5.16%
for the week. Thursday, it entered correction territory just nine days after its
January 26 record close. The Dow Jones Industrial Average made even bigger headlines
last week by taking two 1,000-point drops within four days, the second
occurring Thursday.1,2
Last Monday, U.S. equities took their largest single-session
fall in more than six years as higher interest rates for bonds and inflation
concerns strengthened selling pressure. To add to the anxiety, two of the
financial industry’s top ‘roboadvisor’ websites crashed during Monday’s rout,
frustrating individual investors. The Dow retreated 5.21% for the week to
24,190.90, while the Nasdaq Composite slid 5.06% to 6,874.49.1,3
SERVICE SECTOR
GREW RAPIDLY IN JANUARY
At a mark of 59.9, the Institute for Supply Management’s latest
purchasing manager index for the service sector bettered the forecast of
analysts polled by Briefing.com, who expected a small climb to 56.7. The
index was at 56.0 for December.4
EARNINGS LOOK
STRONG
FactSet’s latest analysis of corporate profits shows a 14%
Q4 earnings growth rate and a Q4 sales growth rate of 8.0% for the S&P
500. Through Friday, 65% of S&P 500 companies had reported quarterly
results.5
A RETREAT FOR CRUDE
Oil also had a poor week, descending 9.6% in five trading
days to a Friday NYMEX settlement price of $59.20. It rebounded Friday from
an intraday low of $58.07.6
THIS WEEK: Heineken and Loews Corp. announce earnings
on Monday. Baidu, Blue Apron, Denny’s, Kemper, MetLife, PepsiCo, Under
Armour, Voya Financial, and Weibo present results Tuesday. Investors review
January’s Consumer Price Index and retail sales report Wednesday, along with
earnings news from Agilent Technologies, Applied Materials, Cisco, Credit
Suisse, Hilton Worldwide Holdings, Hyatt Hotels, Marathon Oil, Marriott, Molson
Coors, TripAdvisor, and Wyndham Worldwide. On Thursday, the earnings parade
includes Avon, CBS, Nestlé, Shake Shack, Sonoco, and Waste Management;
reports on initial jobless claims and January wholesale inflation also
surface. The University of Michigan’s initial February consumer sentiment
index arrives Friday, plus data on January construction activity and
industrial production and earnings from Campbell Soup, Coca-Cola, Deere &
Co., Enbridge, J.M. Smucker, Kraft Heinz, Ryder Systems, and Vulcan Materials.
Sources: wsj.com, bigcharts.com, treasury.gov - 2/9/181,7,8,9
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.
|
||||||||||||||||||||||||||||||
|
«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 -
markets.wsj.com/us [2/9/18]
2 - seattletimes.com/business/us-stocks-snap-higher-a-day-after-entering-a-correction/
[2/9/18]
3 - businessinsider.com/betterment-and-wealthfront-crash-during-market-bloodbath-2018-2
[2/5/18]
4 - briefing.com/investor/calendars/economic/2018/02/05-09
[2/9/18]
5 -
insight.factset.com/sp-500-companies-with-more-global-exposure-reporting-higher-earnings-growth-in-q4
[2/9/18]
6 -
cnbc.com/2018/02/09/oil-falls-below-60-for-first-time-in-2018-on-pace-for-big-weekly-drop.html
[2/9/18]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=2%2F9%2F17&x=0&y=0
[2/9/18]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=2%2F9%2F17&x=0&y=0
[2/9/18]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=2%2F9%2F17&x=0&y=0
[2/9/18]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=2%2F8%2F13&x=0&y=0
[2/9/18]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=2%2F8%2F13&x=0&y=0
[2/9/18]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=2%2F8%2F13&x=0&y=0
[2/9/18]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=2%2F8%2F08&x=0&y=0
[2/9/18]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=2%2F8%2F08&x=0&y=0
[2/9/18]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=2%2F8%2F08&x=0&y=0
[2/9/18]
8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[2/9/18]
9 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[2/9/18]
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