Month: March 2013

March
25

Provided by: Jon McGraw

Like a not-quite-dead villain in a horror film, the Eurozone crisis raised its ugly head again last week, scaring investors and causing many stock markets to close flat or slightly down for the week, according to Barron’s. Investors’ worries strengthened demand for Treasuries, pushing the yield on the benchmark 10-year bond lower. The hero of…

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March
25

Provided by: Jon McGraw

Ecomonic Notes – March 25, 2013

It was an especially busy week of the month for housing-related data. (-) Existing home sales rose +0.8% for the month of February, which was a bit light compared to the +1.6% gain expected (however, a revision upward for the prior month partially tempered the disappointment).  Single-family sales were down -0.2%, while condo sales gained…

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March
18

Provided by: Jon McGraw

A Lower Market & Larger Middle Class

Like winded runners, stock markets slowed at the end of last week.  Since the start of the year, the Dow Jones Industrials Index has risen by almost 11 percent, hurdling past new highs several times. The S&P 500 Index gained 9.4 percent over the same period. The index moved higher in 10 of the past…

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March
18

Provided by: Jon McGraw

Economic Notes – March 18, 2013

(+) The most heavily-looked at report last week, retail sales, registered a stronger-than-expected result for February, up +1.1% versus a consensus estimate of +0.5%.  The headline figure was aided by a +5.0% gain in gas station sales (in line with higher gasoline prices).  Auto sales and building materials, both cyclical and choppy month-to-month, were up…

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March
11

Provided by: Jon McGraw

Stock Markets & $50 Billion Weddings

During periods of strong market performance, like the one we’ve experienced since the end of last year, it’s important to remember that markets ebb and flow over time. Since December 31, 2012, the Dow Jones Industrial Index has gained 9.9 percent and the Standard & Poor’s 500 added 8.8 percent. Last week, the Dow reached…

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March
11

Provided by: Jon McGraw

Economic Notes – March 11, 2013

(+) The ISM Non-Manufacturing Index for February came in better than the expected 55.0 level with a small increase to 56.0. New orders and business activity were higher, while employment deteriorated a bit (although still in expansionary territory). Inventory expansion was also slightly higher. Interestingly, anecdotal comments in the survey responses were optimistic with a…

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