Weekly Economic Update
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|GIESTING FINANCIAL |
|WEEKLY UPDATE |
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| |October 26, 2015 |
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| |[pic] |
|[pic] | |
| |A MESSAGE FROM MARK… |
| |‘Tis this season – hang on tight, and enjoy each and every one of the upcoming holidays! |
| |[pic] |
| | |
| |On a more serious note – and in the spirit of the season – I wanted to let everyone know about our upcoming Mission Trip |
| |to Racine, Wisconsin. My son Sam and I will be going with the Matthew 19:26 Mission to Racine the week of June 19th – |
|WEEKLY QUOTE |26th, 2016. During this trip we will be joining a Group Workcamp to help repair and transform homes of those in need. My |
| |family and I have been part of these Mission Trips before and I can tell you that they truly are life changing – both for |
|“Rules too soft are seldomly |those who participate and those who benefit from our work. |
|followed; rules too harsh are | |
|seldomly executed.” |Our first fundraiser for this trip is a Poinsettia and Wreath Sale. Red Poinsettias are $12.00 each, and 20” wreaths with |
| |mixed live greens and pine cones are only $20.00. For your convenience, I’ve attached an Order Form to this email if you |
|- Ben Franklin |are interested in supporting our trip. You can drop off the form at our office or simply call our office to place your |
| |order and drop off a check before Nov 20. 20th. You can pick-up your order at the Knights of St John Hall on Dec 2, 3-6pm,|
| |or we can have them at our office for pickup, whichever is easiest for you. Just let us know when you place your order. |
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| | |
| |EXISTING HOME SALES ACCELERATE |
|WEEKLY TIP |The National Association of Realtors measured a 4.7% gain in residential resales for September, and the annualized sales |
| |pace of 5.55 million units was the second best seen since February 2007. Over the past 12 months, existing home sales are |
|In retirement, one of your |up 8.8% with the average sale price up 6.1% (September’s median sale price was $221,900).1 |
|goals should be to grow your | |
|assets faster than inflation | |
|devalues them. You must |MORE HOUSING STARTS IN SEPTEMBER |
|sustain your purchasing power.|Last month saw a 6.5% increase in groundbreaking according to the Census Bureau. That brought the 12-month increase in |
| |housing starts to 17.5%. The rate of building permits issued fell by 5.0% in September, but that still left a 4.7% yearly |
| |gain.2 |
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| | |
| |OIL & GOLD RETREAT |
|WEEKLY RIDDLE |On the COMEX, gold settled at $1,162.80 Friday, marking a 1.7% weekly loss. WTI crude dropped 5.6% last week, settling |
| |Friday at $44.60 on the NYMEX.3 |
|Robert will paint unit numbers| |
|on 100 storage units today. In| |
|the course of painting a |S&P TURNS POSITIVE YTD; NASDAQ BACK ABOVE 5,000 |
|number from 1 to 100 on the |More easing by China’s central bank and strong earnings from tech giants helped equities. The Nasdaq rose 2.97% for the |
|door of each unit, how many |week to a Friday close of 5,031.86. The Dow rose 2.50% on the week to 17,646.70, the S&P 500 2.07% to 2,075.15.3,4 |
|times will he have to paint | |
|the numeral 3 today? |THIS WEEK: September new home sales figures arrive Monday, plus earnings from Cheesecake Factory, MGM Resorts and Xerox. |
| |Tuesday brings September’s durable goods report, August’s Case-Shiller home price index, the latest Conference Board |
| |consumer confidence index and earnings from Airgas, Anadarko Petroleum, Alibaba, Apple, Big 5, Bristol-Myers Squibb, |
| |Coach, Comcast, Corning, Cummins, Express Scripts, Ford Motor Co., Edison International, JetBlue, Lexmark, Macerich, |
| |Magellan Health, Merck, NCR, Panera, Pfizer, Revlon, Spirit Airlines, T-Mobile, Twitter and Waste Management. A new |
|Last week’s riddle: |Federal Reserve policy statement appears Wednesday plus earnings from Amgen, Anthem, AutoNation, Buffalo Wild Wings, |
|Until it is measured it is not|Ferrari, General Dynamics, Garmin, GoPro, IMAX, Hanesbrands, HealthSouth, Hershey, Hilton Worldwide, LifeLock, Marriott, |
|accurately known, yet you may |PG&E, Norfolk Southern, O’Reilly, Public Storage, Starwood Hotels & Resorts, Tesoro, Valero, Western Digital and Yelp. |
|miss it when it has flown. |Thursday offers the first estimate of Q3 GDP, a new initial claims report, and earnings from Aetna, Altria, Baidu, |
|What is it? |Coca-Cola, ConocoPhillips, Electronic Arts, Expedia, Fluor, LinkedIn, Live Nation, MasterCard, Starbucks, |
| |Sherwin-Williams, Time Warner Cable, Virgin America and Western Union. Friday, new personal spending figures and October’s|
| |final University of Michigan consumer sentiment index are out, plus earnings from Chevron, Colgate-Palmolive, CVS Health, |
| |ExxonMobil, Phillips 66, Seagate and Weyerhaeuser. |
|Last week’s answer: | |
|Time. |% CHANGE |
| |Y-T-D |
| |1-YR CHG |
| |5-YR AVG |
| |10-YR AVG |
| | |
| |DJIA |
| |-0.99 |
| |+5.81 |
| |+11.70 |
| |+6.99 |
| | |
| |NASDAQ |
|[pic] |+6.25 |
| |+13.00 |
| |+20.59 |
| |+13.78 |
| | |
| |S&P 500 |
| |+0.79 |
| |+6.37 |
| |+15.08 |
| |+7.30 |
| | |
| |REAL YIELD |
| |10/23 RATE |
| |1 YR AGO |
| |5 YRS AGO |
| |10 YRS AGO |
| | |
| |10 YR TIPS |
| |0.58% |
| |0.38% |
| |0.50% |
| |1.93% |
| | |
| | |
| | |
| |Sources: , , - 10/23/155,6,7,8 |
| |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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|DISCLOSURE: Giesting Financial is not owned or controlled by the cfd Companies. Adviser not licensed in all States. Advisory Services are Provided |
|through Creative Financial Designs, Inc., a Registered Investment Adviser, and Securities are Offered through cfd Investments, Inc., a Registered |
|Broker/Dealer, Member FINRA & SIPC, 2704 South Goyer Road, Kokomo, IN 46902 765.453.9600 |
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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. |
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|Citations. |
|1 - 2015/10/22/existing-home-sales-hit-555m-units-in-sept-vs-expectations-of-538m.html [10/22/15] |
|2 - housing/2015/10/20/housing-starts-rose-less-than-expected-in-september/ [10/20/15] |
|3 - investing/2015/10/23/the-4-stocks-that-dominated-the-dow-on-friday/ [10/23/15] |
|4 - markets.on.research/markets/usmarkets/usmarkets.asp [10/23/15] |
|5 - markets.us [10/23/15] |
|6 - bigcharts.historical/default.asp?symb=DJIA&closeDate=10%2F23%2F14&x=0&y=0 [10/23/15] |
|6 - bigcharts.historical/default.asp?symb=COMP&closeDate=10%2F23%2F14&x=0&y=0 [10/23/15] |
|6 - bigcharts.historical/default.asp?symb=SPX&closeDate=10%2F23%2F14&x=0&y=0 [10/23/15] |
|6 - bigcharts.historical/default.asp?symb=DJIA&closeDate=10%2F22%2F10&x=0&y=0 [10/23/15] |
|6 - bigcharts.historical/default.asp?symb=COMP&closeDate=10%2F22%2F10&x=0&y=0 [10/23/15] |
|6 - bigcharts.historical/default.asp?symb=SPX&closeDate=10%2F22%2F10&x=0&y=0 [10/23/15] |
|6 - bigcharts.historical/default.asp?symb=DJIA&closeDate=10%2F24%2F05&x=0&y=0 [10/23/15] |
|6 - bigcharts.historical/default.asp?symb=COMP&closeDate=10%2F24%2F05&x=0&y=0 [10/23/15] |
|6 - bigcharts.historical/default.asp?symb=SPX&closeDate=10%2F24%2F05&x=0&y=0 [10/23/15] |
|7 - resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [10/23/15] |
|8 - resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [10/23/15] |
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