Month: December 2012

December
31

Provided by: Jon McGraw

Washington’s Circus, North Dakota’s Success & 2013 Positioning

“This too shall pass.” –Ancient proverb Like getting emotionally involved with your favorite sports team, it’s easy to get caught up in the drama surrounding the fiscal cliff. Combining politics, money, power, gamesmanship, and national impact makes for a compelling story line. But you know what? “This too shall pass.” As Reuters reported, “One way…

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December
31

Provided by: Jon McGraw

Economic Notes & 2013 Portfolio Strategy – December 31, 2012

The last week of the year is traditionally one of the lightest, so we’re featuring an abbreviated economic report this week. (+) New home sales gained +4.4% for November to 377k units, which beat analyst predictions of +3.3% growth. Over the year, this metric is up +15%, which is in line with other positive housing…

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December
24

Provided by: Jon McGraw

DC is Fluid – How About Buy & Hold?

The situation in Washington is fluid. As politicians scramble and we inch closer to the fiscal cliff day of reckoning, it’s important to keep one thing in mind—the big picture. While the cliff situation dominates the headlines, the underlying economy is quietly marching ahead. Consider this recent data. Orders for long-lasting goods jumped in November….

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December
17

Provided by: Jon McGraw

And The Printing Presses Continue

Special Note: The horrible tragedy at Sandy Hook Elementary School tugs at the heart of all of us. In the midst of a joyous season, we have another example of the fragility of life. We pray for the innocent victims and their families and hope they may find some measure of comfort and healing in…

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December
17

Provided by: Jon McGraw

Economic Notes – December 17, 2012

Note: In an effort to provide an even clearer at-a-glance view of the weekly results, we’ve added some symbols to help interpretations of the previous week’s information. Notes key: (+) positive/encouraging development, (0) neutral/inconclusive/no net effect, (-) negative/discouraging development. We’re always open to feedback, as we attempt to keep these reviews as informative as possible….

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December
12

Provided by: Jon McGraw

FOMC Meeting Update – December, 12 2012

The Federal Open Market Committee has been meeting for the past few days and came to a new conclusion, at least from the angle of how current easing decisions are being made and communicated. The group is changing its method of fed funds rate guidance from the current ‘calendar-based’ approach (stated goal as mid-2015) to…

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December
10

Provided by: Jon McGraw

Fiscal Cliff and Herd Mentality

Another week is history and we’re another week closer to the “fiscal cliff.” You can’t turn on the TV or surf the internet without some reference to the fiscal cliff. But, consider this. Remember all the fuss about Y2K back in 1999? Everybody was worried about planes dropping from the sky at midnight, ATMs freezing…

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December
10

Provided by: Jon McGraw

Economic Notes – December 10, 2012

Some of the more important manufacturing indexes were released this week, and offered mixed results—on par with recent consensus expectations as we get close to closing out the year. The ISM Manufacturing Index for November was weaker than anticipated in November, declining to 49.5 versus an expected 51.4 figure. Details and rationale for these types…

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December
03

Provided by: Jon McGraw

Post Election Correction? Not so fast…

After all the huffing and puffing of the election, the fiscal cliff, and the Dancing With the Stars season finale, the U.S. stock market ended the month of November within 0.3 percent of where it started, according to The Wall Street Journal. Although the return for the month was basically flat, a chart of the…

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December
03

Provided by: Jon McGraw

Economic Notes – December 3, 2012

Durable goods orders for October came in at a bit better than expected, even though it was a flat reading (expectations called for a -0.8% drop). Results were fairly consistent across all sectors, as the ‘non-headline’ durable goods ex-transportation figure actually gained a percent and a half. The surprise came from the fact that Hurricane…

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