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Major league investments october 1 2012 economic and investment update

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Week of October 1, 2012 Economic and Invesment Update by multi asset class money manager Major League Investments, Inc.

Week of October 1, 2012 Economic and Invesment Update by multi asset class money manager Major League Investments, Inc.

Published in: Economy & Finance

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  • 1. Major League Investments, Inc. Presents: WEEKLY ECONOMIC UPDATE October 1, 2012WEEKLY QUOTE CONSUMERS SPEND MORE - BECAUSE OF GAS PRICES"Complexity is your While the 0.5% August gain in consumer spending was the biggest in six months, itenemy. Any fool can was mostly attributable to retail gas prices rising $0.28 for the month. Themake something Commerce Department also noted a 0.3% drop in inflation-adjusted personalcomplicated. It is hard income in August, an occurrence unseen since November. Consumer spending onto keep things non-durable goods rose 1.7% in a month also marked by a 13.0% drop in durablesimple." goods orders - the biggest decrease in those bookings since January 2009, though core hard goods orders rose 1.1% last month. 1,2- Richard Branson SEPTEMBER SEES MORE OPTIMISMWEEKLY TIP The Conference Boards monthly consumer confidence gauge jumped to 70.3 inNever leave money on September from its revised 61.3 mark in August. Economists polled bythe table when it MarketWatch thought it would come in at 65.0; instead, it reached a 7-month high.comes to your 401(k) The University of Michigans final September consumer sentiment survey hit a 4-or 403(b). If your month peak of 78.3, a 4.0% improvement from August. 1,3employer offers tomatch contributions, EXISTING HOME PRICES RISE, NEW HOME SALES SLIPstrive to contribute The 1.2% annualized index gain in the S&P/Case-Shiller Home Price Index for Julyenough so that you get was the largest since August 2010. While new home sales fell 0.3% in August, thethe match. Census Bureau noted a 27.7% yearly gain in the category. At $256,900, the median new home price also hit its highest level since March 2007. Pending home sales slipped 2.6% in August, the National Association of Realtors stated.2,4,5WEEKLY RIDDLEWhat 3 numbers can GREAT Q3 ENDS WITH DOWN WEEKyou add together and Last week, the Dow lost 1.05%, the NASDAQ lost 2.00% and the S&P 500 lostget the same result as 1.33%. All of this aside, the Q3 performance of the major indices was terrific: Dow,when you multiply +4.32% to 13,437.13; NASDAQ, +6.17% to 3,116.23; S&P, +5.76% to 1,440.67;them together? (All 3 Russell 2000, +4.88% to 837.45. The CBOE VIX fell 8.61% in the quarter. Thenumbers are whole launch of QE3 helped make September the third-best month for stocks (so far) inand positive and 2012. Oil ended the quarter at $92.01 a barrel, gold at $1,771.10 an ounce. 6,7,8none of them aredouble-digit.) THIS WEEK: The Institute for Supply Managements September manufacturing PMI comes out on Monday; also, Ben Bernanke speaks about Federal Reserve policy in Indianapolis. Tuesday brings monthly auto sales figures from theLast weeks riddle: Commerce Department. ISMs September service sector PMI appears onHow many cubic yards Wednesday, plus earnings from Monsanto, Marriott and Family Dollar. Theof dirt are in a hole thatis 9 deep, 8 long and 1 September FOMC minutes are published Thursday, along with new weekly jobless
  • 2. wide? claims figures, the Challenger job-cut report for September and a report on August factory orders. The Labor Department will issue the September jobs report onLast weeks answer: Friday.None - there are nocubic yards of dirt withina hole. % CHANGE Y-T-D 1-YR CHG 5-YR AVG 10-YR AVG DJIA +9.98 +22.03 -0.66 +7.45 NASDAQ +19.62 +25.07 +3.07 +15.99 S&P 500 +14.56 +25.16 -1.13 +7.41 REAL YIELD 9/28 RATE 1 YR AGO 5 YRS AGO 10 YRS AGO 10 YR TIPS -0.77% 0.16% 2.27% 3.10% Sources: cnbc.com, bigcharts.com, treasury.gov, treasurydirect.gov - 9/28/126,9,10,11 Indices are unmanaged, do not incur fees or expenses, and cannot be invested into directly. These returns do not include dividends. Please feel free to forward this article to family, friends or colleagues. If you would like us to add them to our distribution list, please reply with their address. We will contact them first and request their permission to add them to our list.IRS Circular 230 Disclaimer: To ensure compliance with IRS Circular 230, any U.S. federal tax adviceprovided in this communication is not intended or written to be used, and it cannot be used by the recipientor any other taxpayer (i) for the purpose of avoiding tax penalties that may be imposed non the recipient orany other taxpayer, or (ii) in promoting, marketing, or recommending to another party a partnership orother entity, investment, arrangement or other transaction addressed herein.This material was prepared by MarketingLibrary.Net Inc., and does not necessarily represent the views of the presenting party, nor theiraffiliates. Marketing Library.Net Inc. is not affiliated with any broker or brokerage firm that may be providing this information to you.This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding anyFederal tax penalty. The Dow Jones Industrial Average is a price-weighted index of 30 actively traded blue-chip stocks. The NASDAQComposite Index is an unmanaged, market-weighted index of all over-the-counter common stocks traded on the National Association ofSecurities Dealers Automated Quotation System. The Standard & Poors 500 (S&P 500) is an unmanaged group of securities consideredto 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 ArchipelagoExchange, or ArcaEx®, and the Pacific Exchange). NYSE Group is a leading provider of securities listing, trading and market dataproducts and services. The New York Mercantile Exchange, Inc. (NYMEX) is the worlds largest physical commodity futures exchangeand 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 areassociated with international investing, such as currency fluctuations, political and economic instability and differences in accountingstandards. All information is believed to be from reliable sources; however we make no representation as to its completeness oraccuracy. 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 professionalservices. If assistance is needed, the reader is advised to engage the services of a competent professional.Citations.1 - www.cnbc.com/id/49212032 [9/28/12]2 - www.businessweek.com/news/2012-09-27/pending-sales-of-existing-homes-in-u-dot-s-dot-fell-2-dot-6-percent-in-august [9/27/12]3 - articles.marketwatch.com/2012-09-25/economy/34071953_1_lynn-franco-confidence-readings-consumer-sentiment [9/25/12]4 - www.sfgate.com/business/article/Case-Shiller-index-Home-values-climbing-3894161.php [9/25/12]5 - www.lvrj.com/business/ap-photo-nybz130-171418791.html [9/26/12]6 - www.cnbc.com/id/49210305 [9/28/12]7 - www.cnbc.com/id/15839285 [9/28/12]8 - montoyaregistry.com/Financial-Market.aspx?financial-market=common-financial-mistakes-and-how-to-avoid-them&category=29 [9/28/12]9 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=9%2F28%2F11&x=0&y=0 [9/28/12]9 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=9%2F28%2F11&x=0&y=0 [9/28/12]9 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=9%2F28%2F11&x=0&y=0 [9/28/12]9 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=9%2F28%2F07&x=0&y=0 [9/28/12]9 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=9%2F28%2F07&x=0&y=0 [9/28/12]9 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=9%2F28%2F07&x=0&y=0 [9/28/12]9 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=9%2F27%2F02&x=0&y=0 [9/28/12]9 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=9%2F27%2F02&x=0&y=0 [9/28/12]
  • 3. 9 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=9%2F27%2F02&x=0&y=0 [9/28/12]10 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [9/28/12]10 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [9/28/12]11 - treasurydirect.gov/instit/annceresult/press/preanre/2002/ofm71002.pdf [7/10/02] Major League Investments, Inc. 530 Loring Ave Suite 302, Salem, MA 01970 Phone: 978-740-1011 michael.finer@majorleagueinvest.com