|John J. Barrios, CFP® Presents:|
“Every choice you make has an end result.”
– Zig Ziglar
Doctors often try to manage debt by themselves. An experienced financial services professional can help a physician assess the long-term impact of loans and develop a strategy to pay them off.
The 22nd and 24th U.S. presidents had the exact same parents – and yet, the 22nd and 24th U.S. presidents were not siblings. Why?
Last week’s riddle:
You can’t outrun it or hide from it. You only notice it when there is light, but it shows only darkness. What is it?
Last week’s answer:
|RETAILERS RECEIVE A MAJOR BOOST
Higher payroll taxes don’t seem to have hurt shopping or driving: the Commerce Department noted a 1.1% improvement in retail sales for February. As gas station receipts increased 5.0% and auto sales 1.1% last month, there was also a 0.4% gain in core retail sales and a 0.5% rise in department store and discount store sales.1
NO SURPRISE: HIGHER GAS PRICES PROMPT CPI GAIN
February’s 0.7% gain in the Consumer Price Index was heavily influenced by the rising cost of fuel – minus food and energy costs, the core CPI rose just 0.2%. The Labor Department also reported a 0.7% rise in the Producer Price Index last month, compared with 0.2% for January.2,3
MORTGAGE RATES HIT A 7-MONTH PEAK
In its March 14 national survey, Freddie Mac estimated the average interest rate on a conventional 30-year home loan at 3.63% (the highest since August). Average rates for 15-year fixed mortgages were at 2.79%.4
HOUSEHOLD CONFIDENCE FLAGS
The University of Michigan’s preliminary March survey of consumer sentiment fell to 71.8, down 5.8 points from its final February mark. This was the lowest reading since December 2011.2
DOW LOGS FOURTH STRAIGHT WEEKLY ADVANCE
The DJIA rose 0.81% from March 11-15, settling Friday at 14,514.11. (A down Friday broke a 10-day winning streak for the index.) The S&P 500 (+0.61% to 1,560.70) posted its third straight weekly gain, as did the NASDAQ (+0.14% to 3,249.07). Gold settled Friday at $1,591.30 on the COMEX, oil at $93.58 on the NYMEX.5,6
THIS WEEK: The March NAHB housing market index appears Monday. Tuesday brings earnings from Adobe and DSW and data on February housing starts and building permits. The Federal Reserve concludes its March policy meeting Wednesday; also, quarterly results arrive from FedEx, Oracle and General Mills. Lululemon, Ross Stores, and Nike announce earnings on Thursday, which is also when NAR notes February existing home sales; the Conference Board’s February index of leading indicators and the FHFA housing price index for January also appear. Friday brings earnings from Darden Restaurants, Tiffany and KBHome.
Sources: cnbc.com, bigcharts.com, treasury.gov – 3/15/135,7,8,9
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.
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1 – www.csmonitor.com/Business/2013/0313/Retail-sales-rise.-Shoppers-unfazed-by-payroll-tax-hike [3/13/13]
2 – www.nytimes.com/2013/03/16/business/economy/consumer-inflation-jumps.html [3/15/13]
3 – www.nasdaq.com/article/stock-market-news-for-march-15-2013-market-news-cm227573#.UUOIDVdXqXk [3/15/13]
4 – www.usatoday.com/story/money/business/2013/03/14/30-year-fixed-mortgage-rates/1987243/ [3/14/13]
5 – www.cnbc.com/id/100557676 [3/15/13]
6 – online.wsj.com/mdc/public/page/mdc_commodities.html [3/15/13]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F15%2F12&x=0&y=0 [3/15/13]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F15%2F12&x=0&y=0 [3/15/13]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F15%2F12&x=0&y=0 [3/15/13]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F14%2F08&x=0&y=0 [3/15/13]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F14%2F08&x=0&y=0 [3/15/13]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F14%2F08&x=0&y=0 [3/15/13]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F14%2F03&x=0&y=0 [3/15/13]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F14%2F03&x=0&y=0 [3/15/13]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F14%2F03&x=0&y=0 [3/15/13]
8 – www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [3/15/13]
9 – www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [3/15/13]