|John J. Barrios, CFP® Presents:|
“A friend is one who walks in when others walk out.”
– Walter Winchell
See that the family member who will pay nursing home bills meets face-to-face with the person who handles billing for the facility. If there is ever a billing dispute or error, a face-to-face relationship may help resolve it faster.
If a single-engine airplane taxied not onto a runway, but onto an enormous conveyer belt whose speed precisely equaled that of the plane in the opposite direction, could the plane still manage to take off?
Last week’s riddle:
Two men played five games of chess in the park. They both won the same number of games, yet none of the games they played ended in a draw. So how could this be?
Last week’s answer:
They didn’t play each other.
|February 18, 2013
RETAIL SALES RISE IN JANUARY
The increase was minimal – just 0.1% after the 0.5% advance in December – but still welcome in the face of the 2013 payroll tax hike and higher gas prices. Commerce Department data showed core retail sales (which exclude auto, gas and home improvement purchases) up 0.1% for January; they rose 0.7% in December.1
CONSUMERS REGAIN SOME OPTIMISM
January’s preliminary consumer sentiment index from the University of Michigan showed real improvement – an increase of 2.5 points to a three-month peak of 76.3. Economists polled by Bloomberg had expected a reading of 74.8. The index averaged just 64.2 during the 2007-2009 recession.2
GOLD FALLS $26 IN A DAY
The precious metal slipped 1.6% Friday and 3.4% for the week to a Friday close of $1,609.50 on the COMEX, recovering a bit from an intraday dip under $1,600. NYMEX crude futures eked out a 0.1% weekly gain, settling at $95.86 Friday.3
S&P 500 ADVANCES FOR A SEVENTH STRAIGHT WEEK
When was the last time the S&P started a year with a seven-week win streak? 1967. That achievement aside, it hasn’t had a winning streak this long in more than two years. The S&P gained 0.12% across five trading days to settle at 1,519.79 Friday, while the Dow saw its second straight weekly retreat (-0.08% to 13,981.76) and the NASDAQ (-0.06% to 3,192.03) also logged a slight weekly decline. The CBOE VIX ended the week at 12.46.3,4
THIS WEEK: U.S. financial markets are closed Monday for the Presidents’ Day holiday. A new NAHB housing market index appears Tuesday, plus earnings from Herbalife, Medtronic, Express Scripts, Analog Devices, CF Industries, Dell, Marriott, and Fidelity National. January’s Producer Price Index arrives on Wednesday, along with minutes from last month’s FOMC meeting and Census Bureau reports on January housing starts and building permits; quarterly results come in from Sodastream, Devon Energy, Dish Network, BHP Billiton, Garmin, Toll Brothers, Cheesecake Factory and Tesla Motors. The NAR announces existing home sales for January on Thursday; last month’s Consumer Price Index also appears, along with the Conference Board’s latest index of leading indicators, new initial claims figures and earnings from Hewlett-Packard, Wal-Mart, Hormel, Chesapeake Energy, Safeway, AIG, Cabot Oil & Gas, Newmont Mining and Nordstrom. Friday brings quarterly results from Abercrombie & Fitch.
Sources: cnbc.com, bigcharts.com, treasury.gov – 2/15/134,5,6,7
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 – www.reuters.com/article/2013/02/13/usa-economy-retail-idUSL1N0BCCZM20130213 [2/13/13]
2 – www.bloomberg.com/news/2013-02-15/u-s-michigan-consumer-sentiment-index-rose-to-76-3-in-february.html [2/15/13]
3 – www.nasdaq.com/article/dow-closes-a-second-week-in-the-red-despite-late-rally-cm218372 [2/15/13]
4 – www.cnbc.com/id/100463705 [2/15/13]
5 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=2%2F15%2F12&x=0&y=0 [2/15/13]
5 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=2%2F15%2F12&x=0&y=0 [2/15/13]
5 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=2%2F15%2F12&x=0&y=0 [2/15/13]
5 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=2%2F15%2F08&x=0&y=0 [2/15/13]
5 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=2%2F15%2F08&x=0&y=0 [2/15/13]
5 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=2%2F15%2F08&x=0&y=0 [2/15/13]
5 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=2%2F14%2F03&x=0&y=0 [2/15/13]
5 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=2%2F14%2F03&x=0&y=0 [2/15/13]
5 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=2%2F14%2F03&x=0&y=0 [2/15/13]
6 – www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [2/15/13]
7 – www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [2/15/13]