|John J. Barrios, CFP® Presents:|
“The task of the modern educator is not to cut down jungles, but to irrigate deserts.”
– C.S. Lewis
Before you buy a car, remember that it is a depreciating asset with insurance and repair costs attached. What might the total monthly cost of ownership be? Here’s an old rule of thumb: double the sale price and divide it by 60, assuming you’ll keep a new or late-model vehicle for 5 years.
Name two words in the English language that have the letter I twice in the middle of the word.
Last week’s riddle:
Last week’s answer:
Four sheets of paper (not five). Pages 211 and 212 are on opposite sides of the same sheet of paper.
|July 18, 2011
DEBT ISSUES DOMINATE THE HEADLINES
CONSUMER PRICES RETREAT 0.2% in JUNE
This marks the first dip in the Consumer Price Index in 12 months. The big reason? Gasoline prices fell 6.8% last month. Stripping out food and energy prices, core CPI rose 0.3% in June (as it did in May). All this brought annualized inflation to 3.6% (1.6% in core terms). Producer prices also decreased last month – June’s PPI fell 0.4%, the first monthly decline in a year.4
CONSUMERS BUY A BIT MORE, FEEL WORSE
Consumer sentiment has plummeted. The initial July Thomson Reuters/University of Michigan survey came in at 63.8, the lowest reading in 28 months. Census Bureau data had retail sales improving 0.1% in June and 8.1% annually.5,6
GOLD PUSHES TOWARD $1,600
STOCKS PULL BACK
THIS WEEK: Monday offers 2Q results from IBM and Halliburton. Tuesday, we have earnings reports from Wells Fargo, Goldman Sachs, Apple, Yahoo, Coca-Cola and Bank of America plus data on June housing starts. Wednesday, we learn about June’s existing home sales and get earnings from Intel, Altria, Qualcomm, AmEx and eBay. Thursday brings 2Q results from Nokia, AT&T, Morgan Stanley, PepsiCo, Microsoft, AMD and SanDisk plus weekly initial and continuing claims figures. Friday, we have earnings from Caterpillar, GE, Honeywell, McDonalds and Verizon.
Sources: cnbc.com, bigcharts.com, treasury.gov, treasurydirect.gov – 7/15/118,9,10,11
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 – money.cnn.com/2011/07/15/markets/markets_newyork/ [7/15/11]
2 – online.wsj.com/article/BT-CO-20110715-711566.html [7/15/11]
3 – nytimes.com/2011/07/16/world/europe/16italy.html [7/15/11]
4 – online.wsj.com/article/SB10001424052702304521304576447641965268196.html [7/15/11]
5 – cnbc.com/id/43768567/ [7/15/11]
6 – census.gov/retail/marts/www/marts_current.pdf [7/14/11]
7 – blogs.wsj.com/marketbeat/2011/07/15/data-points-energy-metals-500/ [7/15/11]
8 – cnbc.com/id/43773110 [7/15/11]
9 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=7%2F15%2F10&x=0&y=0 [7/15/11]
9 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=7%2F15%2F10&x=10&y=18 [7/15/11]
9 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=7%2F15%2F10&x=0&y=0 [7/15/11]
9 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=7%2F14%2F06&x=0&y=0 [7/15/11]
9 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=7%2F14%2F06&x=0&y=0 [7/15/11]
9 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=7%2F14%2F06&x=0&y=0 [7/15/11]
9 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=7%2F16%2F01&x=0&y=0 [7/15/11]
9 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=7%2F16%2F01&x=0&y=0 [7/15/11]
9 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=7%2F2%16F01&x=0&y=0 [7/15/11]
10 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [7/15/11]
10 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [7/15/11]
11 – treasurydirect.gov/instit/annceresult/press/preanre/2001/ofm71101.pdf [7/11/01]
12 – montoyaregistry.com/Financial-Market.aspx?financial-market=how-to-choose-a-financial-advisor&category=5 [7/17/11]