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Weekly Economic Update
Weekly Economic Update
WEEKLY QUOTE
Dont dwell on what went wrong. Instead, focus on what to do next. Spend your energies on moving forward toward finding the answer. - Denis Waitley
Payroll growth in June matched that of May, according to the Labor Department (the May gain was revised upward). The private sector hired 202,000 new workers after adding 207,000 in May, offsetting reductions to government payrolls. Economists polled by Bloomberg had forecast net job growth of 165,000, so this was encouraging. Will it encourage the Federal Reserve to taper? The Feds next policy announcement occurs on July 31, but it will not revise its economic forecasts at that time and no press conference is scheduled afterward. Some economists think the Fed could start tapering QE3 as soon as September.1
WEEKLY RIDDLE
This house attracts travelers with its brightness, yet it is often the loneliest home on the coast. What kind of house is this?
Last weeks riddle: At a stop sign on a rural road, there are two trucks in front of a truck, two trucks behind a truck, and one truck in the middle of two trucks. How many trucks are there in total? Last weeks answer: Three.
10 YR TIPS
0.66%
-0.51%
1.42%
2.09%
Sources: usatoday.com, bigcharts.com, treasury.gov - 7/5/137,8,9,10 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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Citations.
1 - bloomberg.com/news/2013-07-05/payrolls-in-u-s-increased-195-000-in-june-unemployment-7-6-.html [7/5/13] 2 - briefing.com/investor/calendars/economic/2013/07/01-05 [7/5/13] 3 - nytimes.com/2013/07/03/us/politics/obama-administration-to-delay-health-law-requirement-until-2015.html [7/3/13] 4 - kansascity.com/2013/07/03/4328512/qa-on-impact-of-health-law-delay.html [7/3/13] 5 - markets.on.nytimes.com/research/markets/overview/overview.asp [7/5/13] 6 - reuters.com/article/2013/07/05/us-markets-oil-idUSBRE9640FE20130705 [7/5/13] 7 - usatoday.com/money/markets/overview/ [7/5/13] 8 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=7%2F5%2F12&x=0&y=0 [7/5/13] 8 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=7%2F5%2F12&x=0&y=0 [7/5/13] 8 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=7%2F5%2F12&x=0&y=0 [7/5/13] 8 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=7%2F3%2F08&x=0&y=0 [7/5/13] 8 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=7%2F3%2F08&x=0&y=0 [7/5/13] 8 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=7%2F3%2F08&x=0&y=0 [7/5/13] 8 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=7%2F3%2F03&x=0&y=0 [7/5/13] 8 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=7%2F3%2F03&x=0&y=0 [7/5/13] 8 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=7%2F3%2F03&x=0&y=0 [7/5/13] 9 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [7/5/13] 10 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [7/5/13]
Partner
Premier Planning Group 115 West Street, Suite 400 Annapolis, Maryland 21401 http://www.premierplanninggroup.com/#!doug-potash/c8x7 Phone: 443-837-2550 Cell: 443-994-1897 Fax: 410-216-9515 Doug Potash is a Registered Representative offering securities through Cambridge Investment Research, Inc., Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a federally registered investment advisor. Cambridge and Premier Planning Group are not affiliated.