|
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WEEKLY QUOTE
“Imagination
and fiction make up more than three quarters of our real life.”
- Simone Weil
WEEKLY TIP
If
your child is going to a faraway college this fall, this is the time to
investigate housing options. Keep in mind that while off-campus rents may be
cheaper than the rent for a dorm unit, utilities, food, and commuting costs
may offset the apparent savings.
WEEKLY RIDDLE
Kelsey
is 16, and she just learned how to drive. She was on the other side of the
road yesterday morning, but did not get a ticket even though a police car saw
her. Why?
Last week’s riddle:
They come at night without being called. They are lost in the day
without being stolen. What are they?
Last week’s answer:
Stars.
|
May 28,
2018
HOME SALES DECLINE
Both new and existing home sales weakened in April,
according to reports from the Census Bureau and National Association of
Realtors. Resales were down 2.5%; new home buying, 1.5%. NAR chief economist
Lawrence Yun cited “the utter lack of available listings on the market” as
the “root cause” of the retreat in resales. Existing home sales were down
1.4% year-over-year through April; on the other hand, the pace of new home
buying improved 8.4% in the same 12 months. Zillow says that existing home
values soared 8.7% in the year ending in April; that is the largest annualized
jump it has recorded since June 2006.1,2
CONSUMER
SENTIMENT TURNS SLIGHTLY LOWER
The University of Michigan’s preliminary May consumer
sentiment index came in at 98.0 on Friday, 0.8 points below its final April
reading. The gauge was 0.9 points above its year-ago level.3
OIL TAKES A
FALL
WTI crude suffered a 4.9% loss last week on the NYMEX. The
price settled at $67.88 Friday after a 4.2% single-day dive. That was the
lowest close since May 1. The main reason for the drop? News that OPEC
countries and Russia may boost output to counter production slumps in Iran
and Venezuela.4
A POSITIVE
FIVE DAYS FOR STOCKS
All three major Wall Street equity indices advanced last
week. Leading the way, the Nasdaq Composite improved 1.08% to 7,433.85. The
S&P 500 added 0.31% to settle at 2,721.33 Friday; the Dow Industrials
gained 0.15% to reach 24,753.09.5
THIS WEEK: U.S. financial markets are closed Monday
in observance of Memorial Day. The Conference Board’s May consumer confidence
index arrives on Tuesday, along with the latest S&P CoreLogic
Case-Shiller home price index and Q1 results from Booz Allen Hamilton, HP,
and Salesforce. Wednesday offers the May ADP payrolls report, a second
estimate of Q1 GDP, a new Federal Reserve Beige Book, and earnings from
Analog Devices, Bank of Montreal, Chico’s FAS, Dick’s Sporting Goods, DSW,
Guess, and Michael Kors. April personal spending and pending home sales
numbers surface Thursday, in addition to a new initial claims report and
earnings from American Eagle Outfitters, Costco, Dollar General, Dollar Tree,
Express, Kirkland’s, Lululemon Athletica, and Ulta Beauty. The April jobs
report from the Department of Labor appears Friday, plus the May ISM
manufacturing PMI and quarterly results from Abercrombie & Fitch.
Sources: wsj.com, bigcharts.com, treasury.gov - 5/25/185,6,7,8
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 - investopedia.com/news/home-values-jumped-87-april-0/
[5/25/18]
2 - tinyurl.com/y86fcsr3 [5/23/18]
3 - sca.isr.umich.edu/
[5/25/18]
4 - marketwatch.com/story/oil-prices-slide-as-opec-russia-mull-output-increase-2018-05-25
[5/25/18]
5 - markets.wsj.com/us
[5/25/18]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=5%2F25%2F17&x=0&y=0
[5/25/18]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=5%2F25%2F17&x=0&y=0
[5/25/18]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=5%2F25%2F17&x=0&y=0
[5/25/18]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=5%2F24%2F13&x=0&y=0
[5/25/18]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=5%2F24%2F13&x=0&y=0
[5/25/18]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=5%2F24%2F13&x=0&y=0
[5/25/18]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=5%2F27%2F08&x=0&y=0
[5/25/18]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=5%2F27%2F08&x=0&y=0
[5/25/18]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=5%2F27%2F08&x=0&y=0
[5/25/18]
7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[5/25/18]
8 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[5/25/18]
|
Tuesday, May 29, 2018
Economic Update for the week of May 29th, 2018
Wednesday, May 23, 2018
Economic Update for the week of May 22nd, 2018
|
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WEEKLY QUOTE
“The
heart has its reasons which reason knows nothing of.”
- Blaise Pascal
WEEKLY TIP
Yes,
you could file for Social Security at 62, as soon as you are eligible. It
might pay to wait, however. The size of your monthly payment will grow by
about 8% for every year you hold off claiming benefits through age 70.
WEEKLY RIDDLE
They
come at night without being called. They are lost in the day without being
stolen. What are they?
Last week’s riddle:
I grind my feet upon the earth, my forward motion supported by a
metal hearth. What I call food and drink was left behind by changes made in
an ancient time. What am I?
Last week’s answer:
An automobile.
|
May 22,
2018
RETAIL SALES
RISE ANOTHER 0.3%
April’s advance remained at that level. even with car and
truck sales removed. It paled compared to the 0.8% March gain reported by the
Department of Commerce, but it matched the consensus forecast of economists
surveyed by MarketWatch.1
APRIL SAW LESS
GROUNDBREAKING
An 11.3% drop for apartment construction set the pace of overall
housing starts back 3.7% last month, Department of Commerce data noted.2
HOME LOAN
RATES REACH 7-YEAR HIGH
According to Freddie Mac, the mean interest rate for a
30-year, fixed-rate mortgage last week was 4.61%. That exceeds any number
seen since May 2011. Redfin says that the median existing home sold in April
spent only 36 days on the market, a sign that buyers have rushed to close quickly
before rates climb higher.3
RUSSELL 2000 makes
HISTORY
The small-cap benchmark notched its third straight record
close on Friday, settling at 1,626,63 and rising 1.23% for the week. Blue
chips lost 0.47% in five days, with the Dow Jones Industrial Average slipping
to 24,715.09 at Friday’s close. The S&P 500 settled 0.54% lower for the
week at 2,712.97, and the Nasdaq Composite lost 0.66% in five days, finishing
Friday’s trading session at 7,354.34. Through Friday, the big three were all
at least 1% higher for the month. Oil ended the week at $71.35 on the NYMEX.4,5
THIS WEEK: Nothing major is scheduled for Monday.
Advance Auto Parts, AutoZone, Container Store, Cracker Barrel, Hewlett Packard
Enterprise, Intuit, Kohl’s, TJX Companies, Toll Brothers, and Urban
Outfitters all present earnings Tuesday. April new home sales figures,
minutes from this month’s Federal Reserve policy meeting, and earnings from L
Brands, Lowe’s, NetApp, Ralph Lauren, Stein Mart, Target, and Williams-Sonoma
attract Wall Street’s attention Wednesday. On Thursday, investors react to earnings
news from Best Buy, Gap, Hormel Foods, Lionsgate, Medtronic, Ross Stores,
Royal Bank of Canada, Shoe Carnival, Stage Stores, TD Bank, and Toro, along
with April existing home sales data and a new initial jobless claims report.
Friday, the University of Michigan’s final May consumer sentiment index
arrives, along with a report on April durable goods orders and earnings from
Foot Locker; additionally, Fed chair Jerome Powell joins a panel discussion
at a central banking conference in Sweden.
Sources: wsj.com, bigcharts.com, treasury.gov - 5/18/184,5,6,7
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.
|
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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 - marketwatch.com/economy-politics/calendars/economic
[5/18/18]
2 - cnbc.com/2018/05/16/us-housing-starts-april-2018.html
[5/16/18]
3 - latimes.com/business/la-fi-high-mortgage-rates-20180517-story.html
[5/17/18]
4 - tinyurl.com/y8ao4tbd
[5/18/18]
5 - markets.wsj.com/us
[5/18/18]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=5%2F18%2F17&x=0&y=0
[5/18/18]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=5%2F18%2F17&x=0&y=0
[5/18/18]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=5%2F18%2F17&x=0&y=0
[5/18/18]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=5%2F17%2F13&x=0&y=0
[5/18/18]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=5%2F17%2F13&x=0&y=0
[5/18/18]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=5%2F17%2F13&x=0&y=0
[5/18/18]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=5%2F19%2F08&x=0&y=0
[5/18/18]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=5%2F19%2F08&x=0&y=0
[5/18/18]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=5%2F19%2F08&x=0&y=0
[5/18/18]
7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[5/18/18]
8 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[5/18/18]
|
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|
Thursday, May 17, 2018
Economic Update for the week of May 17th, 2018
|
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WEEKLY QUOTE
“The
secret of happiness is not in what one likes to do, but in what one has to do.”
- J.M. Barrie
WEEKLY TIP
If
you receive a big bonus, a windfall, or a sizable inheritance, you may feel
like taking some time out of the workforce. If so, keep in mind that there
will be a cost linked to that decision – a lack of earned income, which counts
in Social Security benefit calculations.
WEEKLY RIDDLE
I
grind my feet upon the earth, my forward motion supported by a metal hearth.
What I call food and drink was left behind by changes made in an ancient
time. What am I?
Last week’s riddle:
I went into the woods and got it. I brought it home in my hand
and removed it. What am I talking about?
Last week’s answer:
A splinter.
|
May 17,
2018
OIL HITS A
4-YEAR PEAK
The price of WTI crude settled at $71.36 on Thursday,
hours after Bank of America Merrill Lynch analysts forecast $90 oil by spring
2019 and a “risk of $100 a barrel” Brent crude next year. Thursday’s close
was oil’s highest settlement since November 2014. Futures rallied 1.4% on the
week after the Trump administration said that the U.S. would exit the Iran
nuclear deal and reinstate sanctions against that OPEC member. That implies
reduced global oil supply. As of Friday evening, no other OPEC country had
committed to produce more oil in response. WTI crude closed at $70.70 on the
NYMEX on Friday.1
CONSUMER
SENTIMENT HOLDS STEADY
At a mark of 98.8, the University of Michigan’s initial
May consumer sentiment index was unchanged from its final April reading. At
this time in 2017, the index was at 97.1.2
INFLATION
PRESSURE MODERATES
In April, the Consumer Price Index rose 0.2%, while the
core CPI ticked up just 0.1%. This left annualized inflation unchanged at
2.5%, while yearly core inflation fell 0.1% to 2.1%. Thanks to a mere 0.1%
April gain in the Producer Price Index, wholesale inflation rose 2.6% in the
12 months ending in April, down from 3.0% in the year ending in March.3
BIG GAINS FOR
EQUITY BENCHMARKS
The S&P 500 advanced 2.41% in five days to a Friday
settlement of 2,727.72. Meanwhile, a 2.68% rise took the Nasdaq Composite north
to 7,402.88, and the Dow Jones Industrial Average added 2.34% to reach 24,831.17.
The Russell 2000 finished the week 2.63% higher at 1,606.79.4
THIS WEEK: Agilent Technologies announces earnings on
Monday. Tuesday, investors look at April retail sales data and Q1 results
from Home Depot. Wednesday’s earnings roster includes results from Cisco, Jack
in the Box, Macy’s, NetEase, and Take-Two Interactive; in addition, reports
on April industrial output and construction activity emerge. Applied
Materials, Nordstrom, JCPenney, and Walmart present earnings Thursday, when
the Street also considers the latest initial jobless claims figures and the
Conference Board’s April leading indicator index. On Friday, AstraZeneca,
Campbell Soup, and Deere & Co. offer earnings calls.
Sources: wsj.com, bigcharts.com, treasury.gov - 5/11/184,5,6,7
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 - marketwatch.com/story/us-oil-prices-hover-at-3-12-year-highs-as-analysts-entertain-the-idea-of-100-crude-2018-05-11
[5/11/18]
2 - sca.isr.umich.edu/
[5/11/18]
3 - investing.com/economic-calendar/
[5/11/18]
4 - markets.wsj.com/us
[5/11/18]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=5%2F11%2F17&x=0&y=0
[5/11/18]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=5%2F11%2F17&x=0&y=0
[5/11/18]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=5%2F11%2F17&x=0&y=0
[5/11/18]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=5%2F10%2F13&x=0&y=0
[5/11/18]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=5%2F10%2F13&x=0&y=0
[5/11/18]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=5%2F10%2F13&x=0&y=0
[5/11/18]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=5%2F12%2F08&x=0&y=0
[5/11/18]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=5%2F12%2F08&x=0&y=0
[5/11/18]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=5%2F12%2F08&x=0&y=0
[5/11/18]
6 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[5/11/18]
7 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[5/11/18]
|
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