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WEEKLY QUOTE
“Humor
is also a way of saying something serious.”
- T.S. Eliot
WEEKLY TIP
Remember
that there are two kinds of 529 plans: the prepaid tuition plan and the college
savings plan. A prepaid tuition plan lets you pay some of the future cost of
a university education today. A college savings plan offers you a choice of
equity investments for your savings and has variable returns.
WEEKLY 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 riddle:
It can be high or low;
it may run between your toes. It relates to the sun and the sky,
and it may make things fall and rise. What is it?
Last week’s answer:
The tide.
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May 7, 2018
JOBLESS RATE
HITS 18-YEAR LOW
Unemployment fell to 3.9% in April, the Department of
Labor said Friday – the smallest percentage seen since late 2000.
Additionally, the U-6 underemployment rate declined to 7.8%, a 17-year low.
Payrolls expanded with 164,000 net new jobs last month; the economy has
created an average of 200,000 jobs a month so far in 2018, compared to 177,000
a month in 2017.1
PERSONAL SPENDING
IMPROVES 0.4%
The March gain reported by the Bureau of Economic Analysis
was the best since the 0.5% advance in December. Personal wages increased
0.3% for March, replicating the gain from February.2
ISM INDICES RETREAT
Purchasing manager indices at the Arizona-based Institute
for Supply Management showed the factory and service sectors of the economy
cooling down in April from a red-hot degree of expansion. ISM’s manufacturing
PMI fell 2.0 points to 57.3, and its non-manufacturing PMI dropped by the
same amount to 56.8.3
NASDAQ RISES;
DOW, S&P FALL SLIGHTLY
All three major Wall Street indices rallied on Friday, but
only the Nasdaq Composite ended up higher on the week. Across five trading
sessions, the tech-heavy benchmark gained 1.26% to 7,209.62. The S&P 500
declined 0.24% for the week to 2,663.42, while the Dow Jones Industrial
Average lost 0.20% to settle at 24,262.51.4
THIS WEEK: AMC Entertainment, Andeavor, Hertz Global
Holdings, Invacare, Sempra Energy, Sysco, and Tyson Foods announce earnings
Monday. Before Tuesday’s open, Federal Reserve chair Jerome Powell comments
on monetary policy in Switzerland; after the open, Wall Street considers
earnings calls from Aramark, Dean Foods, Discovery, DISH Network, Electronic
Arts, Etsy, La Quinta Holdings, Marriott, Monster, Papa John’s, Planet
Fitness, TripAdvisor, U.S. Auto Parts, Valeant, Walt Disney Co., Wendy’s, and
William Lyon Homes. April’s Producer Price Index arrives Wednesday, plus
earnings from Anheuser-Busch, Coty, Green Dot, Groupon, Horizon Pharma,
Hostess, Office Depot, Roku, Siemens AG, Spectra Energy Partners, Sunoco,
21st Century Fox, and Weibo. Thursday, the April Consumer Price Index and new
initial claims figure complement earnings from AMC Networks, Duke Energy,
News Corp., Nvidia, Symantec, TiVo, and Yelp. On Friday, the University of
Michigan unveils its preliminary May consumer sentiment index, and
ArcelorMittal and Thomson Reuters make earnings news.
Sources: wsj.com, bigcharts.com, treasury.gov - 5/4/184,5,6,7
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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«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 - jamiedupree.blog.ajc.com/2018/05/04/nations-jobless-rate-drops-under-4-percent-for-first-time-since-2000/
[5/4/18]
2 - tradingeconomics.com/united-states/personal-spending
[5/4/18]
3 - instituteforsupplymanagement.org/ISMReport/NonMfgROB.cfm?SSO=1
[5/4/18]
4 - markets.wsj.com/us
[5/4/18]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=5%2F4%2F17&x=0&y=0
[5/4/18]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=5%2F4%2F17&x=0&y=0
[5/4/18]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=5%2F4%2F17&x=0&y=0
[5/4/18]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=5%2F3%2F13&x=0&y=0
[5/4/18]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=5%2F3%2F13&x=0&y=0
[5/4/18]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=5%2F3%2F13&x=0&y=0
[5/4/18]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=5%2F5%2F08&x=0&y=0
[5/4/18]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=5%2F5%2F08&x=0&y=0
[5/4/18]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=5%2F5%2F08&x=0&y=0
[5/4/18]
6 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[5/4/18]
7 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[5/4/18]
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Thursday, May 10, 2018
Economic Update for the week of May 10th, 2018
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