|John J. Barrios, CFP® Presents:|
“You can’t talk your way out of problems you behave yourself into.”
If your adult child takes a job without health insurance, remember that he or she can be covered by your employer’s plan until age 26 under the new health care laws.
New furniture will be delivered to your office on the day before five days from the day after tomorrow. If today is August 18, when will the furniture arrive?
Last week’s riddle:
Last week’s answer:
They are seated with their backs to one another.
|June 6, 2011
HIRING TAPERS OFF IN MAY
Wall Street braced itself Friday for a subpar jobs report, and that was what arrived. Non-farm payrolls grew by just 54,000 in May – and if McDonald’s hadn’t added 62,000 fast-food positions last month, net hiring would have been negative. Payrolls had expanded by an average of 220,000 positions a month in the previous three months of data. The unemployment rate ticked north to 9.1% in May; the percentage of people without a job for six months or longer rose to 45.1%, nearly a record.1,2
ISM: Some GOOD NEWS, SOME BAD NEWS
YEAR-OVER-YEAR HOME PRICES RETREAT
The newly released March edition of the S&P/Case-Shiller Home Price Index found home prices across 20 metro areas down 3.6% from March 2010. Overall, prices were 33.1% below the index’s peak in July 2006 and at levels last seen during the middle of 2002.4,5
The Conference Board Consumer Confidence Index came in at 60.8 for May, notably beneath the 66.0 reading for April. The poll’s Expectations Index decreased to 75.2 from April’s 83.2 reading.6
A DOWNDRAFT ON WALL STREET
THIS WEEK: The calendar is pretty light. Monday, Treasury Secretary Timothy Geithner speaks at the International Monetary Conference in Atlanta. Tuesday afternoon, Federal Reserve Chairman Ben Bernanke speaks at the same event. The Fed puts out a new Beige Book on Wednesday. Thursday, Wall Street will watch the Bank of England and the European Central Bank as both will have announcements on interest rates; a report on April wholesale inventories also comes out. No major economic releases are scheduled for Friday.
Sources: cnbc.com, bigcharts.com, treasury.gov, treasurydirect.gov – 6/3/117,8,9,10
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 – latimes.com/business/la-fi-jobs-report-20110604,0,3594048.story [6/3/11]
2 – cnbc.com/id/43267992 [6/3/11]
3 – ism.ws/ISMReport/NonMfgROB.cfm [6/3/11]
4 – nj.com/business/index.ssf/2011/06/home_prices_at_lowest_point_si.html [6/1/11]
5 – abcnews.go.com/Business/housing-prices-double-dip-downward-spiral/story?id=13723919 [5/31/11]
6 – conference-board.org/data/consumerconfidence.cfm [5/31/11]
7 – cnbc.com/id/43272370 [6/3/11]
8 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=6%2F3%2F10&x=0&y=0 [6/3/11]
8 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=6%2F3%2F10&x=10&y=18 [6/3/11]
8 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=6%2F3%2F10&x=0&y=0 [6/3/11]
8 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=6%2F2%2F06&x=0&y=0 [6/3/11]
8 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=6%2F2%2F06&x=0&y=0 [6/3/11]
8 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=6%2F2%2F06&x=0&y=0 [6/3/11]
8 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=6%2F1%2F01&x=0&y=0 [6/3/11]
8 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=6%2F1%2F01&x=0&y=0 [6/3/11]
8 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=6%2F1%2F01&x=0&y=0 [6/3/11]
9 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [6/3/11]
9 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [6/3/11]
10 – treasurydirect.gov/instit/annceresult/press/preanre/2001/ofm11001.pdf [1/10/01]
11 – montoyaregistry.com/Financial-Market.aspx?financial-market=money-and-happiness&category=29 [6/5/11]