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Weekly Economic Update

By MidAmerica Financial Resources

MidAmerica Financial Resources Presents:

 

WEEKLY ECONOMIC UPDATE

 

 

WEEKLY QUOTE

              

“Motivation is what gets you started. Habit is what keeps you going.”

     

- Jim Rohn

     

   

WEEKLY TIP

             

As the year gets underway, look at your monthly expenses. Could some of these bills be lower? Are some of these expenses optional? Could you save money by cutting a couple of expenses out?

  

   

WEEKLY RIDDLE

           

Throughout Friday, Hanna asks her mother the same four-word question. On each occasion, her mother gives her a different answer. What is the question?

     

 

Last week’s riddle:

It softly goes up and down the stairs in many homes and office buildings, and yet it never moves. What could it be?

   

Last week’s answer:

Carpet.

 

 

January 6, 2014

    

A MAJOR GAIN FOR A CONSUMER CONFIDENCE INDEX

The Conference Board’s monthly gauge of consumer confidence came in at 78.1 for December, beating the 76.0 median forecast from economists polled by Bloomberg. In November, it stood at 72.0. The index is way up from where it once was: its average reading was just 53.7 during the 2007-09 recession.1

 

HOME PRICES, HOME SALES CONTRACTS INCREASE

While existing home sales have fallen in recent months, the National Association of Realtors offered some positive news last week - pending home sales increased 0.2% in November, a contrast to October’s 1.2% retreat. The October S&P/Case-Shiller Home Price Index showed a 13.6% yearly gain in property prices measured across 20 cities, improved 0.3% from the September edition; that is the best annual gain the Case-Shiller index has recorded since February 2006.1,2

  

FACTORIES HUM IN DECEMBER

December’s manufacturing PMI from the Institute for Supply Management offered a reading of 57.0 – down from 57.3% in November, but still a mark of solid expansion in the factory sector. Analysts polled by MarketWatch expected the index to decline to 56.6.2

 

BULLS TAKE A BREATHER AS 2014 BEGINS

Speaking in Philadelphia Friday, Federal Reserve chairman Ben Bernanke asserted that the economy has made “considerable progress”, and that there are “grounds for cautious optimism abroad.” His remarks didn’t give stocks much of a lift to end the week. From December 30-January 3, the S&P 500 lost 0.54%, the Dow 0.05% and the Nasdaq 0.59%. The closing prices Friday: Dow, 16,469.99; Nasdaq, 4,131.91; S&P, 1,831.37.3

  

THIS WEEK: On Monday, ISM’s December service sector index and the Census Bureau’s report on December factory orders arrive, and the Senate is expected to approve Janet Yellen’s appointment as Fed chair. Tuesday offers earnings from The Container Store, Apollo Group and Micron. The minutes from the December 17-18 Fed policy meeting will be released on Wednesday, along with the December ADP job-change report and earnings from Family Dollar, Ruby Tuesday, Monsanto and Constellation Brands. Thursday brings December’s Challenger job-cut report, the latest round of initial jobless claims, and earnings news from Supervalu, Alcoa, Texas Industries and PriceSmart. The Labor Department publishes its December employment report on Friday.    

  

% CHANGE

Y-T-D

1-YR CHG

5-YR AVG

10-YR AVG

DJIA

-0.64

+22.99

+16.46

+5.82

NASDAQ

-1.07

+33.26

+30.63

+10.59

S&P 500

-0.92

+25.49

+19.31

+6.52

REAL YIELD

1/3 RATE

1 YR AGO

5 YRS AGO

10 YRS AGO

10 YR TIPS

0.75%

-0.54%

2.29%

2.06%

 

Sources: CNNMoney.com, bigcharts.com, treasury.gov - 1/3/144,5,6,7,8,9

Indices are unmanaged, do not incur fees or expenses, and cannot be invested into directly.

These returns do not include dividends.

 

 

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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 - sfgate.com/business/bloomberg/article/Consumer-Confidence-Index-in-U-S-Increased-to-5111693.php [1/3/14]

2 - marketwatch.com/economy-politics/calendars/economic [1/3/14]

3 - thestreet.com/story/12201583/1/market-hustle-stocks-rebound-ahead-of-bernanke-speech.html [1/3/14]

4 - money.cnn.com/data/markets/dow [1/3/14]

5 - money.cnn.com/data/markets/nasdaq/ [1/3/14]

6 - money.cnn.com/data/markets/sandp/ [1/3/14]

7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=12%2F27%2F12&x=0&y=0 [1/3/14]

7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=12%2F27%2F12&x=0&y=0 [1/3/14]

7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=1%2F3%2F13&x=0&y=0 [1/3/14]

7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=1%2F2%2F09&x=0&y=0 [1/3/14]

7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=1%2F2%2F09&x=0&y=0 [1/3/14]

7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=1%2F2%2F09&x=0&y=0 [1/3/14]

7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=1%2F2%2F04&x=0&y=0 [1/3/14]

7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=1%2F2%2F04&x=0&y=0 [1/3/14]

7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=1%2F2%2F04&x=0&y=0 [1/3/14]

8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [1/3/14]

9 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [1/3/14]

 

 

 

 

 

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