|John J. Barrios, CFP® Presents:|
“That which seems the height of absurdity in one generation often becomes the height of wisdom in the next.”
If you have adult children living at home, do they pay rent? It can provide you with a source of extra income.
You have a can of soda in your hand and someone tells you to drink the bottom half of it first. How can you do that?
Last week’s riddle:
Last week’s answer:
|May 9, 2011
HIRING IMPROVES IN APRIL
PMI IndEX STRONG; SERVICE SECTOR INDEX SLIPS
GOLD, SILVER & OIL PULL BACK
Are commodities overbought? That anxiety weighed on the futures markets last week, and it was amplified by a strengthening dollar. Silver took the biggest hit, retreating 27.4% across five days to $35.28 an ounce at the Friday COMEX close. Gold lost 4.2% to end the week at $1,491.20 per ounce; copper sank 4.9% for the week, leaving it 14% under its February 14 record close on Friday. Oil slid 14.7% last week, all the way down to $97.18 per barrel at the Friday close; crude had its poorest week since mid-December of 2008.3,4
A VOLATILE WEEK SEES STOCKS RETREAT
THIS WEEK: No major economic releases are scheduled for Monday. On Tuesday, we have a report on March wholesale inventories and 1Q earnings from Disney. On Wednesday, three Federal Reserve Bank presidents speak and 1Q earnings from Toyota, Symantec and Cisco arrive. Thursday, the April PPI is released and the newest reports on initial jobless claims arrive; we get the Census Bureau’s report on April retail sales along with 1Q earnings from three titans of the mall – Nordstrom, Macy’s and Kohl’s. Friday, we get April’s CPI and the University of Michigan’s initial consumer sentiment survey for May.
Sources: cnbc.com, bigcharts.com, treasury.gov, treasurydirect.gov – 5/6/115,6,7,8
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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|John Barrios is registered to offer securities through First Heartland Capital, Inc. Member FINRA & SIPC, and offer advisory services through First Heartland Consultants, Inc. Barrios Financial Services is not affiliated with First Heartland Capital, Inc.
This material was prepared by Peter Montoya Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information should not be construed as investment, tax or legal advice. 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 – cnbc.com/id/42928731/ [5/6/11]
2 – zacks.com/stock/news/52612/ISM+Service+Index+Disappoints [5/4/11]
3 – blogs.wsj.com/marketbeat/2011/05/06/silver-finishes-its-brutal-week-with-a-whimper/ [5/6/11]
4 – blogs.wsj.com/marketbeat/2011/05/06/data-points-energy-metals-489/ [5/6/11]
5 – cnbc.com/id/42935357 [5/6/11]
6 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=5%2F6%2F10&x=0&y=0 [5/6/11]
6 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=5%2F6%2F10&x=10&y=18 [5/6/11]
6 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=5%2F6%2F10&x=0&y=0 [5/6/11]
6 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=5%2F5%2F06&x=0&y=0 [5/6/11]
6 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=5%2F5%2F06&x=0&y=0 [5/6/11]
6 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=5%2F5%2F06&x=0&y=0 [5/6/11]
6 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=5%2F7%2F01&x=0&y=0 [5/6/11]
6 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=5%2F7%2F01&x=0&y=0 [5/6/11]
6 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=5%2F7%2F01&x=0&y=0 [5/6/11]
7 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [5/6/11]
7 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [5/6/11]
8 – treasurydirect.gov/instit/annceresult/press/preanre/2001/ofm11001.pdf [1/10/01]
9 – montoyaregistry.com/Financial-Market.aspx?financial-market=an-introduction-to-the-stock-market&category=29 [5/8/11]