“We are made to persist. That’s how we find out who we are.” –Tobias Wolff
Once a year, you should look at your insurance policies (life, disability, any others) to see if your coverage has any weak spots.
I go back and forth constantly, but I never go forward. What am I?
Last week’s riddle
Everywhere on earth I am found, I should not make you frown, I will always bring you down, but I will never send you up. What am I?
Last week’s answer
Good News About Consumer Spending, Q4 Gdp
Personal spending and personal wages both increased 0.5% in January, according to the Bureau of Economic Analysis. The BEA also revised Q4 growth up to 1.0% from its initial estimate of 0.7%. As a footnote to all this, capital goods orders jumped 4.9% in January.1
Consumer Confidence Wanes
The Conference Board’s much-watched monthly index tumbled 5.6 points in February to a 7-month low of 92.2. Rather than a significant monthly fall, the University of Michigan’s consumer sentiment index took only a small one: it declined 0.3 points from its final January mark to a final February reading of 91.7.1,2
Home Prices, Existing Home Sales Advance
Despite severe weather in many parts of the nation, existing home sales rose 0.4% in January, the National Association of Realtors announced. The Census Bureau reported a 9.2% fall for new home sales in January, countering an 8.2% ascent in December. The December edition of the 20-city S&P/Case-Shiller home price index showed no monthly advance, but the index rose 5.7% in 2015.1
Solid Gains For The Major Indices
During the past five trading days, investors saw the S&P 500 rise 1.58% to 1,948.05. The Dow Jones Industrial Average and Nasdaq Composite mirrored that weekly gain, improving 1.51% and 1.91%, respectively, on the way to Friday closes of 16,639.97 and 4,590.47. Like stocks, oil advanced for a second straight week, rising 3.2% in five days and settling at $32.78 on the NYMEX Friday.3,4
- Monday: NAR’s latest pending home sales index and earnings from Acadia Pharmaceuticals, Global Partners, Hertz Global, Magellan Health, and Tribune Media.
- Tuesday: ISM’s January factory PMI and China’s latest manufacturing PMI appear Tuesday, plus earnings from AutoZone, Bob Evans, Dick’s Sporting Goods, Dollar Tree, Progressive, and TiVo.
- Wednesday: investors assess the January ADP employment change report and a new Federal Reserve Beige Book, along with earnings announcements from Abercrombie & Fitch, American Eagle Outfitters, Costco, and Weibo.
- Thursday: Wall Street looks at the January Challenger job-cut report, a new initial claims report, and ISM’s service sector PMI on Thursday, along with earnings from Barnes & Noble, Broadcom, Burlington Stores, Diamond Foods, H&R Block, Kroger Co., Planet Fitness, Smith & Wesson, and Wingstop.
- Friday: the Labor Department presents its January employment report, complementing Q4 results from Big Lots and Staples.
|% CHANGE||Y-T-D||1-YR CHG||5-YR AVG||10-YR AVG|
|REAL YIELD||2/26 RATE||1 YR AGO||5 YRS AGO||10 YRS AGO|
|10 YR TIPS||0.35%||0.24%||1.02%||2.04%|
forexlive.com, bigcharts.com, treasury.gov – 01/29/165,6,7,8 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.
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