|John J. Barrios, CFP® Presents:|
“If you don’t like something, change it. If you can’t change it, change your attitude.”
How much money do you spend on coffee annually? $1,000? More? If you are looking to save some money, buy instant and make coffee at home – or cut back on coffee drinking.
How much dirt is in a 2-foot diameter hole that is 4 feet deep? (There isn’t too much math involved here.)
Last week’s riddle:
Last week’s answer:
They all have teeth.
|June 20, 2011
PRICES RISE, BUT INFLATION PRESSURE EASES
LEADING INDICATOR INDEX TURNS NORTH
CONSUMER SENTIMENT WAVERS
The preliminary June University of Michigan consumer sentiment survey came in at 71.8 last week, below the 74.0 that economists polled by Bloomberg had forecast and beneath the final 74.3 mark of May. The gauges surveying current conditions (-2.3%) and six-month expectations (-2.7%) both declined.3
RETAIL SALES COME IN BETTER THAN EXPECTED
Overall retail sales retreated just 0.2% for May. The Commerce Department said sales actually improved by 0.3% when the 2.9% drop in car sales was factored out. U.S retail sales are now up 7.7% in the last year.4
DOW, S&P SNAP LOSING STREAKS
THIS WEEK: Monday, no major economic releases are scheduled – but markets will certainly be responding to results of the meetings on the Greek debt crisis over the weekend. On Tuesday, we learn about May existing home sales and Barnes & Noble, Adobe and Walgreens announce earnings. The Federal Reserve considers an interest rate decision Wednesday, and we have earnings reports out of Bed Bath & Beyond and FedEx. Thursday brings data on May new home sales, earnings from Discover Financial, ConAgra and Oracle, and new initial and continuing jobless claims reports. Friday, the report on June durable goods orders comes out.
Sources: cnbc.com, bigcharts.com, treasury.gov, treasurydirect.gov – 6/17/115,6,7,8
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.
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1 – bls.gov/news.release/cpi.nr0.htm [6/15/11]
2 – bls.gov/news.release/ppi.nr0.htm [6/14/11]
3 – bloomberg.com/news/2011-06-17/u-s-leading-economic-indicators-index-rises.html [6/17/11]
4 – marketwatch.com/story/retail-sales-fall-for-first-time-in-11-months-2011-06-14-919560 [6/17/11]
5 – cnbc.com/id/43444316 [6/17/11]
6 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=6%2F17%2F10&x=0&y=0 [6/17/11]
6 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=6%2F17%2F10&x=10&y=18 [6/17/11]
6 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=6%2F17%2F10&x=0&y=0 [6/17/11]
6 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=6%2F16%2F06&x=0&y=0 [6/17/11]
6 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=6%2F16%2F06&x=0&y=0 [6/17/11]
6 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=6%2F16%2F06&x=0&y=0 [6/17/11]
6 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=6%2F18%2F01&x=0&y=0 [6/17/11]
6 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=6%2F18%2F01&x=0&y=0 [6/17/11]
6 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=6%2F18%2F01&x=0&y=0 [6/17/11]
7 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [6/17/11]
7 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [6/17/11]
8 – treasurydirect.gov/instit/annceresult/press/preanre/2001/ofm11001.pdf [1/10/01]
9 – montoyaregistry.com/Financial-Market.aspx?financial-market=roth-ira-rules-and-regulations&category=1 [6/19/11]