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September 17 2012 weekly economic update major league investments
September 17 2012 weekly economic update major league investments
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September 17 2012 weekly economic update major league investments

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Weekly economic and investmen update

Weekly economic and investmen update

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  • 1. Major League Investments, Inc. Presents: WEEKLY ECONOMIC UPDATE September 17, 2012WEEKLY QUOTE FEDERAL RESERVE OPTS FOR OPEN-ENDED EASING"Every exit is an entry On September 13, Americas central bank announced its third round of quantitativesomewhere else." easing since 2008. QE3 has no set timeframe: the Fed will buy $40 billion of agency mortgage-backed securities each month until it elects to halt its effort. Pair that- Tom Stoppard with the ongoing Operation Twist and the Fed will purchase about $85 billion worth of longer-term securities monthly in the last third of 2012. In addition, the latest FOMC policy statement reaffirmed the pledge to keep interest rates atWEEKLY TIP "exceptionally low levels" through mid-2015. Will the Fed also decide to buyThink about making a Treasuries? Will mortgage rates drop to new all-time lows? Will this promote morehousehold budget spending and lending? While the answers to these questions wont be known for ausing an online while, the Dow went +206.51 Thursday in the wake of the news. 1,2spreadsheet. You caneasily find or createone on the Web for PPI JUMPS DRAMATICALLY; CPI ALSO RISESfree; some even have The Labor Department said that its Producer Price Index climbed 1.7% in August,built-in calculators. mostly on soaring energy costs. Wholesale prices hadnt advanced so much in a month since June 2009. Core PPI rose just 0.2%. August also saw a 0.6% increase in the Consumer Price Index - the CPIs largest monthly rise since March. Retail gasWEEKLY RIDDLE prices represented 80% of that gain. Core CPI rose only 0.1%, as in July. 3,4What lives above astar but never burns, RETAIL SALES & CONSUMER SENTIMENT IMPROVEhas 11 neighbors, and August turned out to be the best month for retail sales since February. Last monthscan replace the letters 0.9% gain complements the 0.6% advance recorded by the federal government inP, Q, R or S in some July. The University of Michigans preliminary September consumer sentimentcases? survey rose to 79.2, much improved from the final August mark of 74.3. 4,5 BOND BUYING INSPIRES STOCK BUYINGLast weeks riddle: The S&P 500 gained 1.94% last week to settle Friday at 1,465.77 - its best close sinceWhat 9-letter word December 31, 2007. The lift from QE3 also took the Dow (+2.15% to 13,593.37) andremains an English wordeach time you remove a NASDAQ (+1.52% to 3,183.95) higher last week. NYMEX crude settled at $99.00letter from it, until it per barrel Friday; COMEX gold ended the week at $1,772.70 an ounce. 5,6,7becomes a 1-letter word?(Hint: You can remove THIS WEEK: No major U.S. economic releases are slated for Monday. Tuesday,letters from any part of Septembers NAHB housing market index comes out plus earnings from FedEx,the word.) Cracker Barrel and Darden. Wednesday, earnings from Bed Bath & Beyond, AutoZone, General Mills and Adobe Systems complement reports on AugustLast weeks answer: existing home sales, building permits and housing starts. The Conference BoardsStartling (Starting, August index of leading indicators appears Thursday, plus weekly jobless claimsStaring, String, Sting,
  • 2. Sing, Sin, In, I). and earnings from CarMax, Rite Aid and Oracle. The iPhone5 ships Friday, which is also a quadruple witching day. % CHANGE Y-T-D 1-YR CHG 5-YR AVG 10-YR AVG DJIA +11.26 +20.87 +0.22 +6.35 NASDAQ +22.22 +23.77 +4.47 +14.66 S&P 500 +16.55 +23.31 -0.25 +6.47 REAL YIELD 9/14 RATE 1 YR AGO 5 YRS AGO 10 YRS AGO 10 YR TIPS -0.76% 0.12% 2.20% 3.10% Sources: cnbc.com, bigcharts.com, treasury.gov, treasurydirect.gov - 9/14/126,8,9,10 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/49018964 [9/13/12]2 - www.cnbc.com/id/15839285 [9/13/12]3 - www.nasdaq.com/article/us-ppi-jumps-17-jobless-claims-up-20120913-01084 [9/14/12]4 - www.cnbc.com/id/49032270 [9/14/12]5 - money.msn.com/market-news/post.aspx?post=f94f59a8-0745-4ac6-b69c-ce8b66e9516f [9/14/12]6 - www.cnbc.com/id/49032125 [9/14/12]7 - montoyaregistry.com/Financial-Market.aspx?financial-market=common-financial-mistakes-and-how-to-avoid-them&category=29 [9/14/12]8 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=9%2F14%2F11&x=0&y=0 [9/14/12]8 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=9%2F14%2F11&x=0&y=0 [9/14/12]8 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=9%2F14%2F11&x=0&y=0 [9/14/12]8 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=9%2F14%2F07&x=0&y=0 [9/14/12]8 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=9%2F14%2F07&x=0&y=0 [9/14/12]8 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=9%2F14%2F07&x=0&y=0 [9/14/12]8 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=9%2F13%2F02&x=0&y=0 [9/14/12]8 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=9%2F13%2F02&x=0&y=0 [9/14/12]8 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=9%2F13%2F02&x=0&y=0 [9/14/12]9 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [9/14/12]
  • 3. 9 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [9/14/12]10 - 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

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