|John J. Barrios, CFP® Presents:
“People are definitely a company’s greatest asset. It doesn’t make any difference whether the product is cars or cosmetics. A company is only as good as the people it keeps.”
If a friend or relative moves in with you, have an up-front talk about rent, who pays X percentage of the bills and how long they will stay. No one wants to argue over misunderstandings.
What is the number missing within this sequence? 4, 7, 11, 18, 29, 47, __, 123, 199, 322.
Last week’s riddle:
Last week’s answer:
Zach is first, Wilson is second, Yolanda is third, and Xavier is fourth.
|July 5, 2011
SOFT SPENDING DURING THE SOFT PATCH
ISM INDEX SURPRISES
Analysts thought the Institute for Supply Management’s factory index would decline in June. It didn’t. The index rose from May’s 53.5 mark to 55.3. The U.S. was the only nation in the world whose benchmark manufacturing PMI rose last month.2
CONSUMER CONFIDENCE WANES
This was not surprising given recent headlines. The University of Michigan’s final June consumer sentiment poll slipped to 71.5 from May’s 74.3 reading, and the Conference Board’s June consumer confidence index also declined to 58.5 from last month’s revised 61.7 mark.2,3
HOME PRICES, HOME SALE AGREEMENTS INCREASE
WALL STREET SHIFTS INTO RALLY MODE
THIS WEEK: Monday being July 4, U.S. markets are closed. Tuesday, we get the Commerce Department report on May factory orders. Wednesday brings the June edition of the ISM service sector PMI. New initial and continuing claims reports arrive Thursday. Friday, we have the Labor Department’s unemployment report for June plus data on May wholesale inventories.
Sources: cnbc.com, bigcharts.com, treasury.gov, treasurydirect.gov – 7/1/116,7,8,9
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 MarketingLibrary.Net 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 and may not be relied on for the purpose of avoiding any Federal tax penalty. 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/43546166/ [6/27/11]
2 – blogs.wsj.com/marketbeat/2011/07/01/ism-much-better-than-expected/ [7/1/11]
3 – marketwatch.com/story/consumer-sentiment-declines-in-june-2011-07-01 [7/1/11]
4 – usatoday.com/money/economy/housing/2011-06-29-pending-home-sales_n.htm [6/29/11]
5 – blogs.forbes.com/morganbrennan/2011/06/29/what-can-homeowners-learn-from-case-shillers-home-price-index/ [6/29/11]
6 – cnbc.com/id/43608555 [7/1/11]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=7%2F1%2F10&x=0&y=0 [7/1/11]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=7%2F1%2F10&x=10&y=18 [7/1/11]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=7%2F1%2F10&x=0&y=0 [7/1/11]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=6%2F30%2F06&x=0&y=0 [7/1/11]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=6%2F30%2F06&x=0&y=0 [7/1/11]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=6%2F30%2F06&x=0&y=0 [7/1/11]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=7%2F2%2F01&x=0&y=0 [7/1/11]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=7%2F2%2F01&x=0&y=0 [7/1/11]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=7%2F2%2F01&x=0&y=0 [7/1/11]
8 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [7/1/11]
8 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [7/1/11]
9 – treasurydirect.gov/instit/annceresult/press/preanre/2001/ofm11001.pdf [1/10/01]
10 – montoyaregistry.com/Financial-Market.aspx?financial-market=the-balancing-act-weathering-the-burden-of-sudden-wealth&category=22 [7/03/11]