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Weekly Economic Update May 26 2014Views: 159
May 26, 2014 5:32 pmWeekly Economic Update May 26 2014#

Sara Finkelstein
Safe Money Strategies and Insurance Solutions
   

Sara Finkelstein Presents:

 

WEEKLY ECONOMIC UPDATE

 

 

 

WEEKLY QUOTE

              

“Attempt the impossible in order to improve your work.”

     

- Bette Davis

      

   

WEEKLY TIP

             

Retirement planning should begin before middle age. Starting young gives your savings more years to grow and compound. The earlier you begin, the earlier you can ingrain a habit of saving.

  

   

WEEKLY RIDDLE

            

What always shows up in the middle of March and the middle of April? 

    

 

Last week’s riddle:

A word appears, and six letters it contains. Subtract only one, then twelve remains. What is this word? 

   

Last week’s answer:

Dozens.

 

May 26, 2014

    

HOME SALES PICK UP AGAIN

Economists, investors and homeowners welcomed the news that existing home sales improved 1.3% for April. Complementing that announcement from the National Association of Realtors, the Census Bureau said new home sales rose 6.4% in April. In annualized terms, the sales pace has flagged: new home sales have slowed 4.2% over the past 12 months, resales 6.8%. Still, house prices have appreciated nicely: the median price of an existing home sold in April was $201,700, up 5.2% in a year, while the median sales price for a new home last month was $275,800. According to NAR, most of the sales growth in the last 12 months has come at the high end of the market (existing homes valued at more than $750,000).1

   

HINTS OF A BETTER QUARTER

April brought the fourth straight monthly gain for the Conference Board’s index of leading economic indicators. It rose 0.4% in April, and its March gain was revised up to 1.0% (its largest gain since last September). The index looks at 10 factors to project the health of the American economy 3-6 months ahead.2

      

NYMEX CRUDE JUMPS 2% IN 5 DAYS

When Friday’s trading day ended, oil was valued at $104.35 a barrel in New York. Gasoline futures closed at $3.02 Friday, the highest settlement price since April 25. Gold eked out a 0.1% weekly gain to $1,291.70 Friday on the COMEX; copper futures advanced 0.6% on the week, silver and platinum futures 0.5%.3

      

S&P 500 ENDS WEEK ABOVE 1,900

Rising 1.21% in five days, the broad benchmark closed at 1,900.53 Friday – a new record. The Dow and Nasdaq also advanced on the week. The DJIA gained 0.70% for the week to settle at 16,606.27 Friday and the Nasdaq soared 2.33% to wrap up the week at 4,185.81.4

 

THIS WEEK: All U.S. financial markets are closed Monday in observance of Memorial Day. The Conference Board’s May consumer confidence index, the March S&P/Case-Shiller home price index and a report on April hard goods orders all arrive Tuesday, along with quarterly results from America’s Car-Mart and AutoZone. Wednesday offers earnings from Toll Brothers, Michael Kors, Cracker Barrel and Popeye’s. A fresh federal government estimate of Q1 GDP comes out on Thursday along with new initial claims figures, NAR’s report on April pending home sales and earnings from Lions Gate, Guess? and Costco. Friday brings the April consumer spending report from the Commerce Department and the University of Michigan’s final May consumer sentiment index.    

  

% CHANGE

Y-T-D

1-YR CHG

5-YR AVG

10-YR AVG

DJIA

+0.18

+8.58

+20.12

+6.68

NASDAQ

+0.22

+21.00

+29.48

+11.76

S&P 500

+2.82

+15.15

+22.85

+7.35

REAL YIELD

5/23 RATE

1 YR AGO

5 YRS AGO

10 YRS AGO

10 YR TIPS

0.32%

-0.24%

1.72%

2.01%

 


Sources: USATODAY.com, bigcharts.com, treasury.gov - 5/23/145,6,7,8

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

These returns do not include dividends.

 

 

Please feel free to forward this article to family, friends or colleagues.
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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 - abcnews.go.com/Business/wireStory/us-home-sales-rose-64-percent-april-23841519 [5/23/14]

2 - businessweek.com/news/2014-05-22/gain-in-u-dot-s-dot-leading-index-points-to-second-quarter-rebound [5/22/14]

3 - proactiveinvestors.com/companies/news/54315/gold-drops-01-on-week-oil-scores-over-2-weekly-gain-54315.html [5/23/14]

4 - thestreet.com/story/12720134/1/market-hustle-stocks-inch-higher-on-anticipation-of-better-home-sales.html [5/23/14]

5 - usatoday.com/money/markets/overview/ [5/23/14]

6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=5%2F23%2F13&x=0&y=0 [5/23/14]

6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=5%2F23%2F13&x=0&y=0 [5/23/14]

6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=5%2F23%2F13&x=0&y=0 [5/23/14]

6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=5%2F22%2F09&x=0&y=0 [5/23/14]

6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=5%2F22%2F09&x=0&y=0 [5/23/14]

6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=5%2F22%2F09&x=0&y=0 [5/23/14]

6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=5%2F24%2F04&x=0&y=0 [5/23/14]

6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=5%2F24%2F04&x=0&y=0 [5/23/14]

6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=5%2F24%2F04&x=0&y=0 [5/23/14]

7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [5/23/14]

8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [5/23/14]

 

   

 

   
Sara Finkelstein
Sara@SignatureAdvisoryGroup.com
(561)503-4803

Signature Advisory Group
269 SE 5th Ave., Delray Beach, FL 33483
  Phone 561-503-4803
www.signatureadvisorygroup.com
     


http://www.SignatureAdvisoryGroup.com
President - Sara Finkelstein
561-503-4803


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