Executive & EstatePlanners II, LLC
621 Plainfield Rd. #409
Willowbrook, IL 60527
Ph: 630-887-7300
Fax: 630-887-7313
dan.halpin@jwcemail.com

Daniel I. Halpin Presents:

 

WEEKLY ECONOMIC UPDATE

 

 

WEEKLY QUOTE

              

“Never fight an inanimate object.”

     

- P.J. O’Rourke

      

   

WEEKLY TIP

             

A mental trick you can use to encourage consistent retirement saving: think of your monthly retirement plan contribution like a bill you need to pay.

  

   

WEEKLY RIDDLE

            

When I lose my jacket, I become larger and louder – but I also weigh a little less. What am I?

 

  

Last week’s riddle:

It has a thumb and four fingers, but isn’t alive. What could it be? 

   

Last week’s answer:

A glove.

 

October 20, 2014

    

CONSUMER SENTIMENT: A PLEASANT SURPRISE

Ebola fears and a choppy stock market haven’t quite rattled household optimism. At a reading of 86.4 (its highest in more than seven years), the University of Michigan’s initial October consumer sentiment index confounded analysts who expected a decrease from September’s final 84.6 mark. Consensus forecasts from MarketWatch and Briefing.com both predicted a retreat to 83.5. September’s 0.3% slip in retail sales remained a consumer question mark, especially after August’s 0.6% gain.1,2

        

U.S. INDUSTRIAL OUTPUT RISES 1.0%

September’s gain doubled the forecast from Briefing.com and more than made up for the 0.2% August dip. Elsewhere on the factory front, the September edition of the Producer Price Index retreated 0.1% with the core PPI being flat.3

       

HOUSING STARTS & BUILDING PERMITS INCREASE

The Census Bureau announced a 1.5% rise in building permits for September plus a 6.3% improvement in groundbreaking. The latter gain put the annualized rate for housing starts back above the 1 million level.1

       

DOW ENDS WILD WEEK WITH 263-POINT ADVANCE

Even with Friday’s huge gain, the blue chips fell 0.99% across five days to 16,380.41. The week also saw retreats for the NASDAQ (0.42% to 4,258.44) and S&P 500 (1.02% to 1,886.76).4  

        

THIS WEEK: Monday, Wall Street considers earnings from Apple, Chipotle, IBM, Boise Cascade, Gannett, Halliburton, Texas Instruments and Hasbro. September existing home sales numbers and China’s Q3 GDP reading appear Tuesday, plus earnings from Coca-Cola, E*TRADE, Lockheed Martin, Harley-Davidson, Verizon, Yahoo!, Whirlpool, RadioShack, Kimberly-Clark, Six Flags Entertainment and McDonald’s. The September CPI emerges Wednesday, along with earnings from Stanley Black & Decker, AT&T, Abbott Labs, U.S. Bancorp, General Dynamics, Boeing, Equifax, Dow Chemical, GlaxoSmithKline, Norfolk Southern, Northrop Grumman, Wynn Resorts, Xerox and Yelp. On Thursday, the market studies a new Conference Board LEI index, new initial claims figures and earnings from Comcast, IMAX, 3M, AllianceBernstein, Credit Suisse, Dr. Pepper Snapple, Amazon.com, Caterpillar, Eli Lilly, Dolby Labs, Dunkin Brands, General Motors, JetBlue, Pandora, Microsoft, Nielsen, Nokia, Occidental Petroleum, PulteGroup, Raytheon and Southwest Airlines. Friday, September’s new home sales report joins earnings from Ford Motor Co., UPS, Choice Hotels, Magellan Health, Omnicare, Procter & Gamble, State Street, Bristol Myers Squibb, Colgate-Palmolive, and Avery Dennison.

  

% CHANGE

Y-T-D

1-YR CHG

5-YR AVG

10-YR AVG

DJIA

-1.18

+6.56

+12.77

+6.45

NASDAQ

+1.96

+10.23

+19.49

+11.99

S&P 500

+2.08

+8.86

+14.69

+6.94

REAL YIELD

10/17 RATE

1 YR AGO

5 YRS AGO

10 YRS AGO

10 YR TIPS

0.30%

0.45%

1.45%

1.71%

 


Sources: online.wsj.com, bigcharts.com, treasury.gov - 10/17/145,6,7,8

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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«RepresentativeDisclosure»

 

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 - nasdaq.com/article/dollar-gains-ground-on-upbeat-consumer-sentiment-data-cm403255 [10/17/14]

2 - marketwatch.com/economy-politics/calendars/economic [10/17/14]

3 - briefing.com/investor/calendars/economic/2014/10/13-17 [10/17/14]

4 - markets.on.nytimes.com/research/markets/usmarkets/usmarkets.asp [10/17/14]

5 - markets.wsj.com/us [10/17/14]

6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=10%2F17%2F13&x=0&y=0 [10/17/14]

6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=10%2F17%2F13&x=0&y=0 [10/17/14]

6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=10%2F17%2F13&x=0&y=0 [10/17/14]

6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=10%2F16%2F09&x=0&y=0 [10/17/14]

6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=10%2F16%2F09&x=0&y=0 [10/17/14]

6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=10%2F16%2F09&x=0&y=0 [10/17/14]

6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=10%2F18%2F04&x=0&y=0 [10/17/14]

6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=10%2F18%2F04&x=0&y=0 [10/17/14]

6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=10%2F18%2F04&x=0&y=0 [10/17/14]       

7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [10/17/14]

8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [10/17/14]

 

 

 

 

 

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