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Archived Newsletters

Weekly Economic Update - 3.26.18

TRADE WAR POSSIBILITY WEIGHS ON STOCKS

Last week, the U.S. imposed excise taxes on steel and aluminum imported from select countries and announced that up to $60 billion of Chinese imports would also soon face tariffs. These protectionist moves weakened bullish sentiment on Wall Street. The S&P 500 fell steadily Thursday and Friday and had its worst week since 2016, slipping 5.95% to 2,588.26; the Dow Industrials sank 5.67% on the week to 23,533.20. The Nasdaq Composite settled at 6,992.67, down 6.54% for the week.1,2

    

FED MAKES ITS FIRST INTEREST RATE MOVE OF 2018

After Federal Reserve officials voted to increase the target range on the federal funds rate by 0.25% to the 1.50-1.75% level Thursday, their dot-plot forecast showed no change in the pace of tightening planned for this year. Three hikes are projected for 2019 and two more in 2020. In succession, the increases envisioned for 2018-20 could leave rates near 3.4% by the final quarter of 2020.3

  

EXISTING HOME SALES INCREASE

New National Association of Realtors data shows that the sales pace improved 3.0% in February. That left resales 1.1% higher, year-over-year. The same cannot be said for new home purchases: they fell 0.6% last month according to the Census Bureau, leaving the seasonally adjusted annual sales rate at its weakest level since October.4,5

   

MEANWHILE, OIL SURGES

WTI crude staged a major rally last week, jumping up 5.6% to close Friday at $65.74 a barrel on the NYMEX. With equities under pressure, gold also gained more allure: prices rose 0.8% across five days to $1,352.90 on the COMEX.2,6

     

THIS WEEK: Monday, Paychex and Red Hat report earnings. On Tuesday, the Conference Board presents its March consumer confidence index; the Street also considers earnings from Lululemon Athletica, Restoration Hardware, Shoe Carnival, and Sonic. Wednesday, investors await the third Q4 GDP estimate, the February pending home sales index from the NAR, and earnings announcements from Blackberry, GameStop, Hudson’s Bay Co., and Walgreens Boots Alliance. February personal spending numbers, the final March University of Michigan consumer sentiment index, and Q4 results from Constellation Brands appear Thursday. Nothing major is scheduled for Friday.

  

% CHANGE

Y-T-D

1-YR CHG

5-YR AVG

10-YR AVG

DJIA

-4.80

+13.93

+12.43

+8.75

NASDAQ

+1.29

+20.20

+23.10

+20.05

S&P 500

-3.19

+10.33

+13.25

+9.17

REAL YIELD

3/23 RATE

1 YR AGO

5 YRS AGO

10 YRS AGO

10 YR TIPS

0.75%

0.46%

-0.60%

1.24%

 

 


Sources: wsj.com, bigcharts.com, treasury.gov - 3/23/181,2,7,8,9

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. 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 - nytimes.com/2018/03/23/business/trade-tariffs-markets-stocks-bonds.html [3/23/18]

2 - markets.wsj.com/us [3/23/18]

3 - marketwatch.com/story/fed-lifts-rates-in-powells-first-meeting-says-outlook-has-strengthened-2018-03-21 [3/21/18]

4 - tradingeconomics.com/united-states/existing-home-sales [3/23/18]

5 - tradingeconomics.com/united-states/new-home-sales [3/23/18]

6 - quotes.wsj.com/futures/CRUDE%20OIL%20-%20ELECTRONIC [3/23/18]

7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F23%2F17&x=0&y=0 [3/23/18]

7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F23%2F17&x=0&y=0 [3/23/18]

7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F23%2F17&x=0&y=0 [3/23/18]

7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F22%2F13&x=0&y=0 [3/23/18]

7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F22%2F13&x=0&y=0 [3/23/18]

7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F22%2F13&x=0&y=0 [3/23/18]

7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F24%2F08&x=0&y=0 [3/23/18]

7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F24%2F08&x=0&y=0 [3/23/18]

7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F24%2F08&x=0&y=0 [3/23/18]

8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [3/23/18]

9 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [3/23/18]  


Weekly Economic Update - 3.19.18

PRICE GAINS EASE

There was no half-percent spike in inflation in February. In contrast to January’s big jump, the headline Consumer Price Index rose 0.2% in the second month of 2018, with the core CPI following suit; the year-over-year CPI gain ticked slightly higher to 2.2%. The headline and core Producer Price Index also increased 0.2% last month; yearly wholesale inflation rose just 0.1% to 2.8%.1

     

THE CONSUMER IS CONFIDENT

Displaying a preliminary March reading of 102.0, the University of Michigan’s consumer sentiment index reached a 14-year peak last week. Analysts polled by Reuters expected the gauge to decline 0.6 points to 99.3. As for consumer habits, the Department of Commerce just noted a 0.1% retreat for retail sales in February; sales advanced 0.3% with gas and auto buying factored out.1,2

  

RESIDENTIAL CONSTRUCTION FLAGS

Overall housing starts fell 7.0% last month, according to the Census Bureau. The silver lining: groundbreaking on single-family projects increased 2.9%. Building permits decreased 5.7%.3

   

INVESTORS SELL AS THEY WAIT ON THE FED

During the trading week before the Federal Reserve’s March policy meeting, all three major Wall Street benchmarks staged retreats. The Nasdaq Composite declined 1.04% across the week to 7,481.99; the S&P 500 fell 1.24% to 2,752.01. Blue chips took the biggest hit: the Dow Jones Industrial Average settled 1.54% lower for the week, slipping to 24,946.51 Friday. Rising 6.56% in five days, the CBOE VIX concluded the week at 15.60.4

     

THIS WEEK: Oracle announces quarterly results on Monday. Tuesday, FedEx and Steelcase present earnings. Wednesday, investors anticipate an interest rate hike from the Federal Reserve; in addition to the Fed’s latest policy announcement, the news stream also includes February existing home sales and earnings from Five Below, General Mills, Guess, and Winnebago. Thursday, Wall Street reviews new initial jobless claims figures and earnings news from Accenture, BP Midstream Partners, Carnival, Cintas, ConAgra Brands, Darden Restaurants, KB Home, Lands’ End, Michaels Companies, Micron Technology, and Nike. On Friday, reports on February hard goods orders and new home sales arrive.

  

% CHANGE

Y-T-D

1-YR CHG

5-YR AVG

10-YR AVG

DJIA

+0.92

+19.16

+14.38

+10.84

NASDAQ

+8.38

+26.80

+26.06

+24.37

S&P 500

+2.93

+15.56

+15.27

+11.56

REAL YIELD

3/16 RATE

1 YR AGO

5 YRS AGO

10 YRS AGO

10 YR TIPS

0.77%

0.51%

-0.55%

1.05%

 

 


Sources: wsj.com, bigcharts.com, treasury.gov - 3/16/184,5,6,7

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.

 

 

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 - investing.com/economic-calendar/ [3/16/18]

2 - cnbc.com/2018/03/16/march-consumer-sentiment.html [3/16/18]

3 - bloomberg.com/news/articles/2018-03-16/u-s-housing-starts-cooled-in-february-after-robust-january [3/16/18]

4 - markets.wsj.com/us [3/16/18]

5 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F16%2F17&x=0&y=0 [3/16/18]

5 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F16%2F17&x=0&y=0 [3/16/18]

5 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F16%2F17&x=0&y=0 [3/16/18]

5 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F15%2F13&x=0&y=0 [3/16/18]

5 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F15%2F13&x=0&y=0 [3/16/18]

5 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F15%2F13&x=0&y=0 [3/16/18]

5 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F17%2F08&x=0&y=0 [3/16/18]

5 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F17%2F08&x=0&y=0 [3/16/18]

5 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F17%2F08&x=0&y=0 [3/16/18]

6 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [3/16/18]

7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [3/16/18]


Weekly Economic Update - 3.12.18

FEBRUARY SAW A HIRING SURGE

Payroll growth was truly impressive last month. According to the latest Department of Labor report, employers added 313,000 net new jobs, including 61,000 in the construction industry; economists polled by Reuters projected a total February gain of 200,000. With the labor force participation rate reaching a 6-month high, the headline jobless rate stayed at 4.1% and the broader U-6 rate at 8.2%. Yearly wage growth declined to 2.6%.1

   

SERVICE BUSINESSES ARE THRIVING

The Institute for Supply Management’s February snapshot of service industry growth was quite positive. ISM’s non-manufacturing purchasing manager index did wane slightly, losing 0.4 points to 59.5, but the reading shows a very healthy service sector. January’s 59.9 mark was the best seen since August 2005.2

  

WTI CRUDE TOPS $62

As Wall Street’s closing bell sounded Friday, oil settled at $62.04. A 3% Friday gain left the commodity up for the week, even after the Energy Information Agency said that daily U.S. output had increased to nearly 10.4 million barrels, a record.3

   

FRIDAY RALLY ENDS BULLISH WEEK

A strong jobs report surpassed forecasts, and the dip in annualized wage growth hinted at manageable inflation. The Dow Jones Industrial Average jumped 441 points Friday. The blue chips gained 3.25% in five days to wrap up the week at 25,335.74. Across five trading sessions, the S&P 500 rose 3.54% to 2,786.57, while the Nasdaq Composite advanced 4.17% to 7,560.81 – a new record close for that tech-heavy benchmark.4,5

      

THIS WEEK: Nothing major is slated for Monday. February’s Consumer Price Index arrives Tuesday, plus quarterly results from Dick’s Sporting Goods and DSW. Investors consider reports on February retail sales and wholesale inflation on Wednesday, along with earnings news from Del Taco, Smart & Final, Smith Micro, Stein Mart, Tailored Brands, and Williams-Sonoma. Wall Street looks at new initial claims figures Thursday, and earnings from Broadcom Ltd., Dollar General, Jabil, and Lifetime Brands. On Friday, the Census Bureau releases data on February housing starts and building permits, the University of Michigan publishes its preliminary March consumer sentiment index, and Kirkland’s, Perry Ellis, and Tiffany & Co. make earnings announcements.

 

% CHANGE

Y-T-D

1-YR CHG

5-YR AVG

10-YR AVG

DJIA

+2.49

+21.47

+15.20

+11.58

NASDAQ

+9.52

+29.49

+26.61

+24.85

S&P 500

+4.22

+17.83

+15.93

+11.88

REAL YIELD

3/9 RATE

1 YR AGO

5 YRS AGO

10 YRS AGO

10 YR TIPS

0.78%

0.60%

-0.50%

0.90%

 

 


Sources: wsj.com, bigcharts.com, treasury.gov - 3/9/184,6,7,8

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. 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 - cnbc.com/2018/03/09/nonfarm-payrolls-february.html [3/9/18]

2 - briefing.com/Investor/Calendars/Economic/Releases/napmserv.htm [3/9/18]

3 - investing.com/news/commodities-news/crude-oil-prices-settle-higher-as-us-oil-rigs-fall-for-first-time-in-7-weeks-1334831 [3/9/18]

4 - markets.wsj.com/us [3/9/18]

5 - reuters.com/article/us-usa-tech-stocks/high-performance-u-s-tech-stocks-drive-nasdaq-to-record-high-idUSKCN1GL2QC [3/9/18]

6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F9%2F17&x=0&y=0 [3/9/18]

6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F9%2F17&x=0&y=0 [3/9/18]

6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F9%2F17&x=0&y=0 [3/9/18]

6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F8%2F13&x=0&y=0 [3/9/18]

6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F8%2F13&x=0&y=0 [3/9/18]

6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F8%2F13&x=0&y=0 [3/9/18]

6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F10%2F08&x=0&y=0 [3/9/18]

6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F10%2F08&x=0&y=0 [3/9/18]

6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F10%2F08&x=0&y=0 [3/9/18]

7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [3/9/18]

8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [3/9/18]


Weekly Economic Update - 3.5.18

CB: PLENTY OF CONFIDENCE IN THE ECONOMY

The Conference Board’s monthly consumer confidence index soared to 130.8 in February – the highest reading seen since November 2000. In January, the gauge was at 124.3. (In the middle of the Great Recession, the index hovered near 25.)1

   

SOLID READINGS ON SOME KEY INDICATORS

Further fundamental economic data released last week looked strong. Personal incomes improved 0.4% in January, according to the Bureau of Economic Analysis; that matched the December increase. Personal spending advanced 0.2% last month. The Institute for Supply Management’s manufacturing purchasing manager index reached 60.8 in February, up 1.7 points from its impressive January level. Lastly, the BEA made its third, concluding estimate of Q4 GDP last week: 2.5%.2

  

NEW HOME SALES RETREATED 7.8% IN JANUARY

This decline occurred even as new home inventory reached a 9-year high. With mortgage rates reaching 4.4% and the median new home price up 2.5% in a month to $323,000, prospective buyers were deterred. The Census Bureau says the rate of new home purchases was down 1.0% year-over-year through January.3

   

MAJOR INDICES TAKE WEEKLY LOSSES

All three of Wall Street’s big benchmarks fell as February gave way to March. Losing 1.08% for the week, the Nasdaq Composite settled at 7,257.87 Friday. The S&P 500 retreated 2.04% in five days, ending the week at 2,691.25. Hit hardest, the Dow Jones Industrial Average slumped 3.05% across the week to 24,538.06.4

      

THIS WEEK: ISM releases its latest service sector PMI on Monday. Tuesday, earnings announcements arrive from Autodesk, H&R Block, Ross Stores, Target, and Urban Outfitters. Wednesday, the Street reviews earnings from Abercrombie & Fitch, Caesars Entertainment, Casey’s General Stores, Costco, Dollar Tree, Thor Industries, and Vivint Solar; in addition, the Federal Reserve offers a new Beige Book, and ADP provides its February payrolls snapshot. A new Challenger job-cut report comes out Thursday, along with the latest initial jobless claims figures and earnings results from Dell Technologies, Hovnanian, Global Partners, Kroger, Navistar, Stage Stores, and Verifone. Friday, investors will consider the Department of Labor’s February jobs report and Q4 results from Revlon.

 

% CHANGE

Y-T-D

1-YR CHG

5-YR AVG

10-YR AVG

DJIA

-0.73

+16.83

+14.83

+10.02

NASDAQ

+5.13

+23.83

+25.79

+22.13

S&P 500

+0.66

+12.99

+15.45

+10.21

REAL YIELD

3/2 RATE

1 YR AGO

5 YRS AGO

10 YRS AGO

10 YR TIPS

0.74%

0.48%

-0.67%

1.08%

 

 


Sources: wsj.com, bigcharts.com, treasury.gov - 3/2/184,5,6,7

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.

 

 

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 - marketwatch.com/story/consumer-confidence-in-us-hits-highest-level-since-november-2000-2018-02-27 [2/27/18]

2 - investing.com/economic-calendar/ [3/2/18]

3 - reuters.com/article/us-usa-economy/u-s-new-home-sales-hit-5-month-low-supply-highest-since-2009-idUSKCN1GA1X9 [2/26/18]

4 - markets.wsj.com/us [3/2/18]

5 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F2%2F17&x=0&y=0 [3/2/18]

5 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F2%2F17&x=0&y=0 [3/2/18]

5 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F2%2F17&x=0&y=0 [3/2/18]

5 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F1%2F13&x=0&y=0 [3/2/18]

5 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F1%2F13&x=0&y=0 [3/2/18]

5 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F1%2F13&x=0&y=0 [3/2/18]

5 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F3%2F08&x=0&y=0 [3/2/18]

5 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F3%2F08&x=0&y=0 [3/2/18]

5 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F3%2F08&x=0&y=0 [3/2/18]

6 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [3/2/18]

7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [3/2/18]


Damian Rothermel is an investment adviser representative of, and securities and advisory services are offered through, USA Financial Securities Corp., Member FINRA/SIPC. www.finra.org A Registered Investment Adviser located at 6020 E. Fulton St., Ada, MI 49301. Rothermel Financial Services is not affiliated with USA Financial Securities.

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