|Reeve Conover Presents:
“People are definitely a company’s greatest asset. It doesn’t make any difference whether the product is cars or cosmetics. A company is only as good as the people it keeps.”
If a friend or relative moves in with you, have an up-front talk about rent, who pays X percentage of the bills and how long they will stay. No one wants to argue over misunderstandings.
What is the number missing within this sequence? 4, 7, 11, 18, 29, 47, __, 123, 199, 322.
Last week’s riddle:
Last week’s answer:
Zach is first, Wilson is second, Yolanda is third, and Xavier is fourth.
July 5, 2011
SOFT SPENDING DURING THE SOFT PATCH
ISM INDEX SURPRISES
Analysts thought the Institute for Supply Management’s factory index would decline in June. It didn’t. The index rose from May’s 53.5 mark to 55.3. The U.S. was the only nation in the world whose benchmark manufacturing PMI rose last month.2
CONSUMER CONFIDENCE WANES
This was not surprising given recent headlines. The University of Michigan’s final June consumer sentiment poll slipped to 71.5 from May’s 74.3 reading, and the Conference Board’s June consumer confidence index also declined to 58.5 from last month’s revised 61.7 mark.2,3
HOME PRICES, HOME SALE AGREEMENTS INCREASE
WALL STREET SHIFTS INTO RALLY MODE
THIS WEEK: Monday being July 4, U.S. markets are closed. Tuesday, we get the Commerce Department report on May factory orders. Wednesday brings the June edition of the ISM service sector PMI. New initial and continuing claims reports arrive Thursday. Friday, we have the Labor Department’s unemployment report for June plus data on May wholesale inventories.
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1 – cnbc.com/id/43546166/ [6/27/11]
2 – blogs.wsj.com/marketbeat/2011/07/01/ism-much-better-than-expected/ [7/1/11]
3 – marketwatch.com/story/consumer-sentiment-declines-in-june-2011-07-01 [7/1/11]
4 – usatoday.com/money/economy/housing/2011-06-29-pending-home-sales_n.htm [6/29/11]
5 – blogs.forbes.com/morganbrennan/2011/06/29/what-can-homeowners-learn-from-case-shillers-home-price-index/ [6/29/11]
6 – cnbc.com/id/43608555 [7/1/11]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=7%2F1%2F10&x=0&y=0 [7/1/11]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=7%2F1%2F10&x=10&y=18 [7/1/11]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=7%2F1%2F10&x=0&y=0 [7/1/11]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=6%2F30%2F06&x=0&y=0 [7/1/11]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=6%2F30%2F06&x=0&y=0 [7/1/11]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=6%2F30%2F06&x=0&y=0 [7/1/11]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=7%2F2%2F01&x=0&y=0 [7/1/11]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=7%2F2%2F01&x=0&y=0 [7/1/11]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=7%2F2%2F01&x=0&y=0 [7/1/11]
8 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [7/1/11]
8 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [7/1/11]
9 – treasurydirect.gov/instit/annceresult/press/preanre/2001/ofm11001.pdf [1/10/01]
10 – montoyaregistry.com/Financial-Market.aspx?financial-market=the-balancing-act-weathering-the-burden-of-sudden-wealth&category=22 [7/03/11]