WJBD Radio

Images

Now Playing

Investments

WJBD - Investments - Weekly Economic Update

Weekly Economic Update

By Financial Planning

MidAmerica Financial

Resources Presents:

 

WEEKLY ECONOMIC UPDATE

 

 

WEEKLY QUOTE

              

“No

man really becomes a fool until he stops asking questions.”

     

-

Charles P. Steinmetz

     

   

WEEKLY TIP

             

If

you are over 50 and eager to start your own business, see if it can become a

profitable hobby first.  

  

   

WEEKLY RIDDLE

           

8549176320 is a large number, and unique for two reasons.

It presents all of the numerical digits from 0-9 without a repeat; what is

the other reason?

     

 

Last week’s riddle:

In the morning, I lie at your feet. I almost vanish in midday

sun. But I’ll be with you all day as you stand, walk, leap a run. What am I?  

   

Last week’s answer:

Your shadow.

 

 

September 30,

2013

    

HOUSEHOLDS BOOST THEIR SPENDING

August saw a 0.3% gain in personal spending, and the Commerce

Department also noted a 0.4% rise in personal income – the largest monthly

increase since February. Consumer spending accounts for about 70% of GDP, and

analysts widely expect about 2% growth in Q3; Q2 growth was pegged at 2.5%

last week in the federal government’s final estimate. In other economic news

out of Washington, durable goods orders rose 0.1% in August, a nice change

from the 8.1% dive in July.1,2

  

NEW HOME SALES UP, PENDING HOME SALES

DOWN

July

was the worst month for new home buying since October 2012, so the 7.9% sales

gain in August was welcome. New home inventory rose 3.6% in August to the

highest level since March 2011, the Commerce Department noted. The National

Association of Realtors reported a 1.6% decline in pending home sales in

August. July’s S&P/Case-Shiller Home Price Index showed a 12.4% yearly rise

in home values across 20 cities – the best 12-month increase since February

2006.3,4

    

ASSESSMENTS OF CONSUMER SENTIMENT

DIFFER

September’s

Conference Board consumer confidence index came in at 79.7, down notably from

the August reading of 81.8. The University of Michigan’s final consumer

sentiment index for the month offered a 77.5 reading, the lowest mark for the

index in almost five months; even so, it beat the final August mark of 76.8

and the Briefing.com consensus forecast of 77.0.2,5

     

STOCKS DIP DURING ANXIOUS WEEK

With

a last-minute showdown over the federal budget looming in Congress and

consumers and business owners trying to learn more about the healthcare exchanges

slated to open October 1, there was a lot to concern Wall Street and Main

Street last week. The Dow (-1.25 to 15,258.24) and S&P 500 (-1.06% to 1,691.75)

made weekly retreats, but the NASDAQ rose 0.18% in five days to settle at 3,781.59

Friday.5

   

THIS WEEK: No major

economic releases are scheduled for Monday; Wall Street’s eyes will be on

Congress. Tuesday, ISM presents its September manufacturing index, August

auto sales numbers are out from the Commerce Department, and Walgreens and

Global Payments present earnings. Wednesday brings ADP’s employment change

report for September and earnings from Monsanto; Ben Bernanke speaks

(briefly) at the St. Louis Fed. Thursday offers ISM’s September

non-manufacturing index, the September Challenger job-cut report, the latest

initial jobless claims figures, a report on August factory orders and earnings

from Constellation Brands. Friday sees the release of the Labor Department’s

September employment report.

  

% CHANGE

Y-T-D

1-YR CHG

5-YR AVG

10-YR AVG

DJIA

+16.44

+13.14

+7.39

+6.38

NASDAQ

+25.24

+20.56

+14.64

+11.10

S&P

500

+18.62

+16.90

+7.89

+7.18

REAL YIELD

9/27 RATE

1 YR AGO

5 YRS AGO

10 YRS AGO

10

YR TIPS

0.46%

-0.78%

2.10%

1.99%

 

Sources: cnbc.com, bigcharts.com, treasury.gov - 9/27/135,6,7,8

Indices are unmanaged, do not

incur fees or expenses, and cannot be invested into directly.

These returns do not include

dividends.

 

 

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.

 

 

MidAmerica Financial Resources may be

reached at 618.548.4777 or greg.malan@natplan.com.

www.mid-america.us

 

This material was prepared by

MarketingLibrary.Net Inc., and does not necessarily represent the views of

the presenting party, nor their affiliates. Marketing Library.Net Inc. is not

affiliated with any broker or brokerage firm that may be providing this

information to you. 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. 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

information is believed to be from reliable sources; however we make no

representation as to its completeness or accuracy. 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 - boston.com/business/news/2013/09/27/consumers-boost-spending-percent-august/WyHqaMk2ryd7OwGcGLQ8kK/story.html

[9/27/13]

2 - briefing.com/investor/calendars/economic/2013/09/23-27

[9/27/13]

3 - dailyfinance.com/2013/09/25/higher-mortgage-rates-dent-new-home-sales-housing-market/

[9/25/13]

4 - bloomberg.com/news/2013-09-26/pending-sales-of-existing-homes-in-u-s-decreased-1-6-in-august.html

[9/26/13]

5 - tinyurl.com/m9uq9ow

[9/27/13]

6 -

bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=9%2F27%2F12&x=0&y=0

[9/27/13]

6 -

bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=9%2F27%2F12&x=0&y=0

[9/27/13]

6 -

bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=9%2F27%2F12&x=0&y=0

[9/27/13]

6 -

bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=9%2F26%2F08&x=0&y=0

[9/27/13]

6 -

bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=9%2F26%2F08&x=0&y=0

[9/27/13]

6 -

bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=9%2F26%2F08&x=0&y=0

[9/27/13]

6 -

bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=9%2F26%2F03&x=0&y=0

[9/27/13]

6 -

bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=9%2F26%2F03&x=0&y=0

[9/27/13]

6 -

bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=9%2F26%2F03&x=0&y=0

[9/27/13]

7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield

[9/27/13]

8 -

treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll

[9/27/13]

 

 

See other Investments news:

Retirement In Sight
72(t) Distributions
Weekly Economic Update
Women, Longevity Risk & Retirement Saving
How Impatience Hurts Retirement Saving




Loyal Listener Club

Club Login

Follow Us At

This Site logo