WEEKLY QUOTE
“Have regard for your name,
since it will remain for you longer than a great store of
gold.”
- Ecclesiasticus
WEEKLY TIP
Savings should be the bedrock of
any college financing strategy, not gifts, student loans or student income.
WEEKLY RIDDLE
Live without it and you will not
prevail, but if you have too much of it, you will surely fail. What is
it?
Last week’s riddle:
Jacquie and her
daughter Amanda walk past a man in a café. Amanda says “Hello, father” – and a
split-second later, so does Jacquie. How are they both able to make this remark
to him without any confusion or embarrassment?
Last week’s answer:
The man is a priest.
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July 20,
2015
CONSUMER & WHOLESALE PRICES INCREASE
The Labor Department announced a
0.3% June rise in the headline Consumer Price Index, following the 0.4% advance
for May. This left annualized consumer inflation positive for the first time in
six months (+0.1%). June brought a 0.2% gain for the core CPI, which is now up
1.8% across the past year. Last month also saw the Producer Price Index ascend
0.4%; in May, it climbed 0.5%.1,2
HOUSEHOLD SENTIMENT, RETAIL SALES COOL
Retail sales fell 0.3% last
month after a 1.0% rise in May, according to the Commerce Department. Analysts
polled by MarketWatch felt sales would pick up 0.2% in June. The University of
Michigan’s initial July consumer sentiment index slipped 2.8 points to a 93.3
reading.2
LAST MONTH SAW A JUMP IN CONSTRUCTION
Census Bureau data showed
housing starts up 9.8% in June. Building permits rose 7.4% to an 8-year peak;
permits for single-family homes hit a 7½-year
high.3
GREEK DEBT DEAL, EARNINGS TAKE STOCKS NORTH
Upside surprises and the
approval of a third Greek bailout by European leaders led to impressive weekly
gains for the major indices. The S&P 500 rose 2.41% to 2,126.64, the Dow
1.84% to 18,086.45 and the Nasdaq 4.25% to 5,210.14.4
THIS WEEK: Monday’s earnings
reports: Halliburton, Hasbro, HealthStream, Morgan Stanley and Unisys. Tuesday’s
earnings: Apple, Microsoft, Hanesbrands, BoNY Mellon, Chipotle, Yahoo!, GoPro,
Harley-Davidson, Kaiser Aluminum, Lexmark, Lockheed Martin, Fifth Third, Manpower,
Skechers, and Travelers Companies. Wednesday offers June existing home sales and
earnings from Abbott Labs, Altera, American Express, Ameriprise Financial,
AutoNation, Boeing, SanDisk, Cheesecake Factory, Coca-Cola, Discover, Dolby Labs,
Equifax, Northern Trust, Owens Corning, Qualcomm, Royal Caribbean, Six Flags, Smart
& Final, Texas Instruments, Whirlpool, Tupperware, and United Rentals. Thursday
offers the Conference Board LEI, a new initial claims report and earnings from 3M,
Ace Hardware, Alaska Airlines, Amazon, AT&T, BJ’s, Boise Cascade, Capital One,
Caterpillar, Celgene, Chubb, Bristol-Myers Squibb, Comcast, CoreLogic, Dow
Chemical, Dr. Pepper Snapple, Eli Lilly, E*TRADE, Dunkin’ Brands, GM, Invacare,
Kimberly-Clark, Macerich, McDonald’s, Pandora, PulteGroup, Quest Diagnostics,
Raytheon, Southwest Airlines, Starbucks, T. Rowe Price, TripAdvisor, Under Armour,
Union Pacific, VISA, and Waste Management. Friday brings June new home sales plus
earnings from American Airlines, Biogen, Spirit Airlines, and
Xerox.
%
CHANGE
|
Y-T-D
|
1-YR
CHG
|
5-YR
AVG
|
10-YR
AVG
|
DJIA
|
+1.48
|
+6.54
|
+15.82
|
+7.10
|
NASDAQ
|
+10.01
|
+19.40
|
+27.82
|
+14.29
|
S&P 500
|
+3.29
|
+8.61
|
+19.94
|
+7.42
|
REAL
YIELD
|
7/17
RATE
|
1 YR
AGO
|
5 YRS
AGO
|
10 YRS
AGO
|
10 YR TIPS
|
0.51%
|
0.24%
|
1.25%
|
1.98%
|
Sources:
wsj.com, bigcharts.com, treasury.gov -
7/17/155,6,7,8
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.
|
This material was prepared by MarketingPro, Inc., and does not necessarily
represent the views of the presenting party, nor their affiliates. This information
has been derived from sources believed to be accurate. Please note - investing
involves risk, and past performance is no guarantee of future results. 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. 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 indices are unmanaged and are not illustrative of any particular
investment. The Dow Jones Industrial Average is a price-weighted index of 30
actively traded blue-chip stocks. The NASDAQ Composite Index is an unmanaged,
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 an unmanaged group of securities considered to be
representative of the stock market in general. It is not possible to invest
directly in an index. 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. Past performance is no
guarantee of future results.
Investments will fluctuate and when redeemed may be worth more or less than when
originally invested. All economic and performance data is historical and not
indicative of future results. Market indices discussed are unmanaged. Investors
cannot invest in unmanaged indices. 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 -
bloomberg.com/news/articles/2015-07-17/consumer-prices-in-u-s-increase-in-june-paced-by-higher-rents
[7/17/15]
2 - marketwatch.com/economy-politics/calendars/economic [7/17/15]
3 -
fxstreet.com/news/forex-news/article.aspx?storyid=c7fac744-9b01-4e72-9558-09281f70d6e7
[7/17/15]
4 -
markets.on.nytimes.com/research/markets/usmarkets/usmarkets.asp
[7/17/15]
5 -
markets.wsj.com/us [7/17/15]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=7%2F17%2F14&x=0&y=0
[7/17/15]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=7%2F17%2F14&x=0&y=0
[7/17/15]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=7%2F17%2F14&x=0&y=0
[7/17/15]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=7%2F16%2F10&x=0&y=0
[7/17/15]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=7%2F16%2F10&x=0&y=0
[7/17/15]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=7%2F16%2F10&x=0&y=0
[7/17/15]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=7%2F18%2F05&x=0&y=0
[7/17/15]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=7%2F18%2F05&x=0&y=0
[7/17/15]
6 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=7%2F18%2F05&x=0&y=0
[7/17/15]
7 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[7/17/15]
8 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[7/17/15]
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