“Sweet are the slumbers of the virtuous man.”
– Joseph Addison
If your monthly bank statement comes with a fee disclosure, it may be a big hint that fee hikes are coming your way.
Create a 13-letter word using all 13 of the following letters: O A I I S T T R R D N A M.
Last week’s riddle:
Last week’s answer:
January 16, 2012
AN UNDERWHELMING RETAIL SALES REPORT
CONSUMER SENTIMENT INDEX INCREASES
The University of Michigan’s preliminary January consumer sentiment survey showed further improvement, with a gain from 69.9 to 74.0; the best reading since last May and better than the 71.5 economists polled by Reuters anticipated.3
NEW BEIGE BOOK NOTES IMPROVING ECONOMY
S&P CUTS CREDIT RATINGS OF 9 EU NATIONS
STOCKS ON A WINNING STREAK
The S&P 500 posted its second straight weekly gain across January 9-13, rising 0.88% to 1,289.09. The DJIA rose 1.67% to 12,422.06 and the NASDAQ gained 1.36% to 2,710.67. Last week also saw gains for the U.S. Dollar Index (0.24%) and COMEX gold (0.87%).5,6
THIS WEEK: U.S. financial markets are closed Monday for the federal holiday honoring Martin Luther King, Jr. Tuesday, Wells Fargo, Citigroup and Charles Schwab issue earnings reports. Wednesday, the December PPI arrives and we will have Q4 earnings from eBay and assorted financial heavy hitters: Goldman Sachs, Bank of NY Mellon, State Street, Northern Trust, PNC Bank and US Bancorp. Thursday, we have December’s CPI, a new initial jobless claims report and Q4 results from more big names: Bank of America, Morgan Stanley, AmEx, IBM, Microsoft, Google, Sony Ericsson, UnitedHealth and Capital One. Friday, last month’s existing home sales figures will be released along with earnings from GE.
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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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. 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.
1 – www.census.gov/retail/marts/www/marts_current.pdf [1/12/12]
2 – www.chron.com/business/article/Retail-had-record-year-but-eased-in-December-2490293.php [1/12/12]
3 – www.nytimes.com/2012/01/14/business/economy/trade-deficit-and-consumer-sentiment-rise.html [1/14/12]
4 – www.usatoday.com/money/economy/fed/beigebook/story/2012-01-11/fed-beige-book-january/52500550/1 [1/11/12]
5 – money.msn.com/market-news/post.aspx?post=a677f0ec-38f9-432c-bbc1-fb98c5362013 [1/13/12]
6 – montoyaregistry.com/Financial-Market.aspx?financial-market=common-financial-mistakes-and-how-to-avoid-them&category=29 [1/13/12]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=1%2F13%2F11&x=0&y=0 [1/13/12]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=1%2F13%2F11&x=0&y=0 [1/13/12]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=1%2F13%2F11&x=0&y=0 [1/13/12]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=1%2F12%2F07&x=0&y=0 [1/13/12]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=1%2F12%2F07&x=0&y=0 [1/13/12]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=1%2F12%2F07&x=0&y=0 [1/13/12]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=1%2F14%2F02&x=0&y=0 [1/13/12]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=1%2F14%2F02&x=0&y=0 [1/13/12]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=1%2F14%2F02&x=0&y=0 [1/13/12]
8 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [1/13/12]
8 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [1/13/12]
9 – treasurydirect.gov/instit/annceresult/press/preanre/2002/ofm10902.pdf [1/9/02]