Randy C. Benning, CFP Presents:

Hiring picked up in the Third quarter

Employers added 156,000 net new jobs to their payrolls in September, the Department of Labor stated Friday. The August gain was revised up to 167,000, so monthly job growth averaged 192,000 in Q3, improved from 146,000 in Q2. The unemployment rate ticked up to 5.0% in September; the U-6 underemployment rate remained at 9.7%. Yearly wage growth reached 2.6%, with the average hourly wage rising six cents to $25.79.^1,2

  

ISM INDICES SHOW A SEPTEMBER REBOUND

America’s manufacturing sector grew again last month; the Institute for Supply Management’s factory PMI improved to 51.5 in September, recovering from its recessionary August mark of 49.4. The Institute’s non-manufacturing PMI surged north 5.7 points last month, rising to 57.1.²

 

OIL & GOLD PRICES HEAD IN OPPOSITE DIRECTIONS

On Friday, gold closed down at $1,251.90 on the COMEX, falling about 5% for the week. Light sweet crude advanced just over 3% last week, closing at $49.81 on the NYMEX Friday, even after a 1.3% loss during the trading week’s last session.³

 

STOCKS END THE WEEK SLIGHTLY LOWER

The numbers contained within Friday’s jobs report did not exactly spark a rally, so the S&P 500 settled at 2,153.74, losing 0.67% for the week. The Nasdaq Composite and Dow Jones Industrial Average both descended 0.37% across five trading days to respective Friday closes of 18,240.49 and 5,292.40.⁴

 

THIS WEEK: Monday is Columbus Day. Wall Street will be open for business, but federal government offices and banks will be closed. Tuesday, a new earnings season starts with results from Alcoa, Barracuda Networks, and Fastenal. Wednesday, the Federal Reserve releases minutes from its September monetary policy meeting, and CSX Corp. announces Q3 earnings. Thursday’s earnings parade includes results from Delta Air Lines, Winnebago, and Wynn Resorts; a new initial jobless claims report also arrives. Fed chair Janet Yellen speaks on Friday in Boston about the economic recovery; Wall Street will consider her comments, along with the preliminary October University of Michigan consumer sentiment index, September retail sales numbers, the September PPI, and earnings from Citigroup, JPMorgan Chase, PNC, and Wells Fargo.

 

% CHANGE	Y-T-D	1-YR CHG	5-YR AVG	10-YR AVG
DJIA	+4.68	+7.85	+12.86	+5.39
NASDAQ	+5.69	+10.46	+22.69	+13.01
S&P 500	+5.37	+7.91	+17.28	+5.96
REAL YIELD	10/7 RATE	1 YR AGO	5 YRS AGO	10 YRS AGO
10 YR TIPS	0.10%	0.53%	0.16%	2.37%

 

Randy C. Benning, CFP®, President, License # 0816882, Benning Financial Group, LLC. Investment Advisory Services offered through Benning Financial Group, LLC, A Registered Investment Advisor, Benning Financial Group, LLC, is not affiliated with Triad Advisors. Securities offered through Triad Advisors Member FINRA, SIPC
Sources: wsj.com, bigcharts.com, treasury.gov – 10/7/16^4,5,6,7

Indices are unmanaged, do not incur fees or expenses, and cannot be invested into directly. These returns do not include dividends. 10-year TIPS real yield = projected return at maturity given expected inflation.

---

 

This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. Please note - investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All indices are unmanaged and are not illustrative of any particular investment. The Dow Jones Industrial Average is a price-weighted index of 30 actively traded blue-chip stocks. The NASDAQ Composite Index is an unmanaged, market-weighted index of all over-the-counter common stocks traded on the National Association of Securities Dealers Automated Quotation System. The Standard & Poor's 500 (S&P 500) is an unmanaged group of securities considered to 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 Archipelago Exchange, or ArcaEx®, and the Pacific Exchange). NYSE Group is a leading provider of securities listing, trading and market data products and services. The New York Mercantile Exchange, Inc. (NYMEX) is the world's largest physical commodity futures exchange and 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 are associated with international investing, such as currency fluctuations, political and economic instability and differences in accounting standards. This material represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. Past performance is no guarantee of future results. Investments will fluctuate and when redeemed may be worth more or less than when originally invested. 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 professional services. If assistance is needed, the reader is advised to engage the services of a competent professional.

Citations.

1 – blogs.wsj.com/briefly/2016/10/07/september-jobs-report-the-numbers-2/ [10/7/16]

2 – investing.com/economic-calendar/ [10/7/16]

3 – investors.com/market-trend/stock-market-today/stocks-end-with-small-losses-job-growth-slows-honeywell-dives/ [10/7/16]

4 – markets.wsj.com/us [10/7/16]

5 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=10%2F7%2F15&x=0&y=0 [10/7/16]

5 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=10%2F7%2F15&x=0&y=0 [10/7/16]

5 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=10%2F7%2F15&x=0&y=0 [10/7/16]

5 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=10%2F7%2F11&x=0&y=0 [10/7/16]

5 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=10%2F7%2F11&x=0&y=0 [10/7/16]

5 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=10%2F7%2F11&x=0&y=0 [10/7/16]

5 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=10%2F6%2F06&x=0&y=0 [10/7/16]

5 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=10%2F6%2F06&x=0&y=0 [10/7/16]

5 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=10%2F6%2F06&x=0&y=0 [10/7/16]

6 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [10/7/16]

7 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [10/7/16]

Randy C. Benning, CFP Presents:

NO ADVANCE IN CONSUMER SPENDING
Personal spending was flat in August even as personal incomes rose 0.2%. These numbers from the Department of Commerce fell short of expectations: economists polled by MarketWatch had forecast a 0.2% gain in both categories. In other news linked to consumer spending, the federal government revised second-quarter GDP up to 1.4% in its third estimate; it had previously put Q2 growth at 1.1%.¹

HOUSEHOLD CONFIDENCE IMPROVES
September brought a big jump in the Conference Board’s closely watched consumer confidence index, which rose 3.0 points to 104.1. The University of Michigan’s consumer sentiment index ended September at 91.2, up from 89.8 at the end of August; the main factor in that gain was an improved outlook among higher-income households.^1,2

NEW HOME SALES DIP 7.6%
This housing indicator tends to be very volatile, and this August retreat follows a 13.8% July advance. The median new home price was down 5.3% in August from a year earlier, the Census Bureau noted. Looking at other real estate data, the July edition of the 20-city S&P/Case-Shiller home price index showed a 5.0% annual increase in existing home values, ticking down from 5.1% in June; the National Association of Realtors said that pending home sales fell 2.4% in August.^1,3

MINOR GAINS IN A WEEK OF MAJOR UPS & DOWNS
The last week of September saw the three major U.S. equity indices advance. The Dow Jones Industrial Average rose 0.26%; the S&P 500 gained 0.17%; and the Nasdaq Composite added 0.12%. The September 30 settlements: Dow, 18,308.15; S&P, 2,168.27; Nasdaq, 5,312.00.⁴

THIS WEEK: Monday offers ISM’s September manufacturing PMI and quarterly results from The Container Store. Tuesday, Wall Street considers earnings from Darden Restaurants and Micron Technology. On Wednesday, ISM releases its September service sector PMI; ADP issues its September payrolls report; data on August factory orders appears; and Constellation Brands, Monsanto, and Yum! Brands announce earnings. In addition to a new initial jobless claims report, Thursday brings the latest Challenger job-cut data and Q3 results from Ruby Tuesday. Friday, the focus turns to the Department of Labor’s September jobs report.

% CHANGE	Y-T-D	1-YR CHG	5-YR AVG	10-YR AVG
DJIA	+5.07	+12.43	+13.55	+5.68
NASDAQ	+6.08	+14.97	+23.98	+13.52
S&P 500	+6.08	+12.93	+18.33	+6.23
REAL YIELD	9/30 RATE	1 YR AGO	5 YRS AGO	10 YRS AGO
10 YR TIPS	0.00%	0.65%	0.17%	2.27%

 

Randy C. Benning, CFP®, President, License # 0816882, Benning Financial Group, LLC. Investment Advisory Services offered through Benning Financial Group, LLC, A Registered Investment Advisor, Benning Financial Group, LLC, is not affiliated with Triad Advisors. Securities offered through Triad Advisors Member FINRA, SIPC

 Sources: wsj.com, bigcharts.com, treasury.gov – 9/30/16^4,5,6,7

Indices are unmanaged, do not incur fees or expenses, and cannot be invested into directly. These returns do not include dividends. 10-year TIPS real yield = projected return at maturity given expected inflation.

 

---

Disclosure: This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. Please note – investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All indices are unmanaged and are not illustrative of any particular investment. The Dow Jones Industrial Average is a price-weighted index of 30 actively traded blue-chip stocks. The NASDAQ Composite Index is an unmanaged, market-weighted index of all over-the-counter common stocks traded on the National Association of Securities Dealers Automated Quotation System. The Standard & Poor’s 500 (S&P 500) is an unmanaged group of securities considered to 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 Archipelago Exchange, or ArcaEx®, and the Pacific Exchange). NYSE Group is a leading provider of securities listing, trading and market data products and services. The New York Mercantile Exchange, Inc. (NYMEX) is the world’s largest physical commodity futures exchange and 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 are associated with international investing, such as currency fluctuations, political and economic instability and differences in accounting standards. This material represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. Past performance is no guarantee of future results. Investments will fluctuate and when redeemed may be worth more or less than when originally invested. 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 professional services. If assistance is needed, the reader is advised to engage

Citations.
1 – marketwatch.com/economy-politics/calendars/economic [9/30/16]
2 – sca.isr.umich.edu [9/30/16]
3 – latimes.com/business/la-fi-new-home-sales-20160926-snap-story.html [9/26/16]
4 – markets.wsj.com/us [9/30/16]
5 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=9%2F30%2F15&x=0&y=0 [9/30/16]
5 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=9%2F30%2F15&x=0&y=0 [9/30/16]
5 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=9%2F30%2F15&x=0&y=0 [9/30/16]
5 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=9%2F30%2F11&x=0&y=0 [9/30/16]
5 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=9%2F30%2F11&x=0&y=0 [9/30/16]
5 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=9%2F30%2F11&x=0&y=0 [9/30/16]
5 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=9%2F29%2F06&x=0&y=0 [9/30/16]
5 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=9%2F29%2F06&x=0&y=0 [9/30/16]
5 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=9%2F29%2F06&x=0&y=0 [9/30/16]
6 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [9/30/16]
7 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [9/30/16]

Randy C. Benning, CFP Presents:

FED WAITS TO RAISE INTEREST RATES
Federal Reserve officials decided against a rate hike last week, but two details in the central bank’s latest policy statement suggested an upward move was near. One, the Federal Open Market Committee voted 7-3 against raising the federal funds rate – an unusually close margin. Two, the Fed’s new dot-plot forecast showed consensus for a rate increase before the end of 2016. “Our decision [to wait] does not reflect a lack of confidence in the economy,” Fed chair Janet Yellen told the media after the announcement. “We’re generally pleased with how the U.S. economy is doing.”¹

FEWER HOUSING STARTS, LESS HOMEBUYING
August saw existing home sales dip 0.9%; as the National Association of Realtors delivered that news, it also revised its July sales calculation to a decline of 3.4%. A Census Bureau report showed housing starts falling 5.8% last month, and building permits decreasing 0.4% following an 0.8% retreat in July.²

OIL GAINS FOR WEEK, EVEN WITH 4% FRIDAY FALL
WTI crude settled Friday at $44.48 on the NYMEX, even after the price slipped 4% in one trading day. The worst daily drop for the commodity since July 13 did not stop crude from posting a 2% weekly gain.³

TURBULENCE, BUT ALSO AN ADVANCE
Stocks pushed through volatility and gained ground last week. Across five trading days, the Dow Jones Industrial Average rose 0.76%; the Nasdaq Composite, 1.17%; and the S&P 500, 1.19%. The three indices closed, as follows, Friday: Dow, 18,261.45; Nasdaq, 5,305.75; S&P, 2,164.69. Incidentally, the Dow Jones Utility Average ended the week at +20.15% YTD.⁴

THIS WEEK: Monday brings August new home sales data, earnings from Carnival and Thor Industries, and the first presidential debate. The Conference Board’s September consumer confidence index and the July Case-Shiller home price index arrive Tuesday, plus quarterly results from Cintas and Nike. On Wednesday, Fed chair Janet Yellen testifies on bank supervision and regulation before the House Financial Services Committee, the latest durable goods orders report appears, and Paychex and Pier 1 present quarterly results. Thursday, Janet Yellen speaks at a Kansas City Fed conference, NAR issues its August pending home sales report, the final number on Q2 GDP comes out of Washington, and new initial claims figures appear, along with earnings from ConAgra Foods, Costco, and PepsiCo.  August personal spending data and the final September consumer sentiment index from the University of Michigan take the spotlight Friday.

% CHANGE	Y-T-D	1-YR CHG	5-YR AVG	10-YR AVG
DJIA	+4.80	+12.17	+13.91	+5.87
NASDAQ	+5.96	+11.64	+22.73	+13.91
S&P 500	+5.91	+11.65	+18.10	+6.46
REAL YIELD	9/23 RATE	1 YR AGO	5 YRS AGO	10 YRS AGO
10 YR TIPS	0.05%	0.64%	0.10%	2.27%

 

Randy C. Benning, CFP®, President, License # 0816882, Benning Financial Group, LLC. Investment Advisory Services offered through Benning Financial Group, LLC, A Registered Investment Advisor, Benning Financial Group, LLC, is not affiliated with Triad Advisors. Securities offered through Triad Advisors Member FINRA, SIPC

Sources: wsj.com, bigcharts.com, treasury.gov – 9/23/16^4,5,6,7

Indices are unmanaged, do not incur fees or expenses, and cannot be invested into directly. These returns do not include dividends. 10-year TIPS real yield = projected return at maturity given expected inflation.

 

---

Disclosure: This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. Please note – investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All indices are unmanaged and are not illustrative of any particular investment. The Dow Jones Industrial Average is a price-weighted index of 30 actively traded blue-chip stocks. The NASDAQ Composite Index is an unmanaged, market-weighted index of all over-the-counter common stocks traded on the National Association of Securities Dealers Automated Quotation System. The Standard & Poor’s 500 (S&P 500) is an unmanaged group of securities considered to 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 Archipelago Exchange, or ArcaEx®, and the Pacific Exchange). NYSE Group is a leading provider of securities listing, trading and market data products and services. The New York Mercantile Exchange, Inc. (NYMEX) is the world’s largest physical commodity futures exchange and 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 are associated with international investing, such as currency fluctuations, political and economic instability and differences in accounting standards. This material represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. Past performance is no guarantee of future results. Investments will fluctuate and when redeemed may be worth more or less than when originally invested. 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 professional services. If assistance is needed, the reader is advised to engage

Citations.
1 – latimes.com/business/la-fi-federal-reserve-meeting-20160921-snap-story.html [9/21/16]
2 – investing.com/economic-calendar/ [9/23/16]
3 – marketwatch.com/story/oil-prices-fall-as-investors-cash-in-on-gains-ahead-of-next-weeks-opec-meeting-2016-09-23/ [9/23/16]
4 – markets.wsj.com/us [9/23/16]
5 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=9%2F23%2F15&x=0&y=0 [9/23/16]
5 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=9%2F23%2F15&x=0&y=0 [9/23/16]
5 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=9%2F23%2F15&x=0&y=0 [9/23/16]
5 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=9%2F23%2F11&x=0&y=0 [9/23/16]
5 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=9%2F23%2F11&x=0&y=0 [9/23/16]
5 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=9%2F23%2F11&x=0&y=0 [9/23/16]
5 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=9%2F22%2F06&x=0&y=0 [9/23/16]
5 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=9%2F22%2F06&x=0&y=0 [9/23/16]
5 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=9%2F22%2F06&x=0&y=0 [9/23/16]
6 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [9/23/16]
7 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [9/23/16]

Randy C. Benning, CFP Presents:

ANOTHER SOLID JOBS REPORT

The latest Labor Department employment report shows net job gains of 215,000 for March. Labor force participation increased last month, and the jobless rate consequently ticked up to 5.0% (the broader U-6 rate edged up to 9.8%). Mean hourly wages rose 7 cents to $25.43, up 2.3% year-over-year. Payrolls expanded by an average of 209,000 hires per month during the first quarter.¹

 

MANUFACTURING SECTOR GROWS

Rising to a March reading of 51.8, the Institute for Supply Management’s manufacturing PMI indicated sector expansion once again. In February, the index was in contraction territory at 49.5.²

 

SMALL GAINS IN CONSUMER CONFIDENCE, SPENDING

March saw the Conference Board’s consumer confidence index improve 2.2 points to 96.2. The University of Michigan’s consumer sentiment index finished the month at 91.0, above the initial March reading of 90.0. A new Commerce Department report showed an 0.1% gain in personal spending in February.²

  

GOOD NEWS IN HOUSING

Pending home sales were up 3.5% in February, said the National Association of Realtors. That offset their 3.0% January retreat. The January edition of the S&P/Case-Shiller home price index measured a healthy 5.7% yearly gain for U.S. home values across 20 cities.²

  

NASDAQ RISES NEARLY 3% IN A WEEK

Factory gains and the new Labor Department jobs report gave stocks a tailwind as March ebbed into April. Last week, the Nasdaq Composite outpaced the S&P 500 and Dow Jones Industrial Average: the tech-heavy benchmark gained 2.95% across five days to 4,914.54. In the same interval, the S&P improved 1.81% to 2,072.78 while the Dow rose 1.58% to 17,792.75.³

 

THIS WEEK: Nothing major is scheduled for Monday. Tuesday, Wall Street looks at ISM’s March service sector PMI and earnings from Darden Restaurants and Walgreens Boots Alliance. Wednesday, Federal Reserve March policy meeting minutes complement earnings from Bed Bath & Beyond, Constellation Brands, and Monsanto. Thursday offers a new initial claims report and earnings from CarMax, ConAgra Foods, Rite Aid, Ruby Tuesday, and WD-40. No major news items are slated for Friday.

 

% CHANGE	Y-T-D	1-YR CHG	5-YR AVG	10-YR AVG
DJIA	+2.11	+0.53	+8.75	+6.02
NASDAQ	-1.85	+0.70	+15.23	+11.00
S&P 500	+1.41	+0.64	+11.11	+6.01
REAL YIELD	4/1 RATE	1 YR AGO	5 YRS AGO	10 YRS AGO
10 YR TIPS	0.17%	0.07%	0.94%	2.35%

 

Randy C. Benning, CFP®, President, License # 0816882, Benning Financial Group, LLC. Investment Advisory Services offered through Benning Financial Group, LLC, A Registered Investment Advisor, Benning Financial Group, LLC, is not affiliated with Triad Advisors. Securities offered through Triad Advisors Member FINRA, SIPC

Sources: wsj.com, bigcharts.com, treasury.gov – 4/1/16^4,5,6,7

Indices are unmanaged, do not incur fees or expenses, and cannot be invested into directly. These returns do not include dividends. 10-year TIPS real yield = projected return at maturity given expected inflation.

 

---

 

This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. Please note - investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All indices are unmanaged and are not illustrative of any particular investment. The Dow Jones Industrial Average is a price-weighted index of 30 actively traded blue-chip stocks. The NASDAQ Composite Index is an unmanaged, market-weighted index of all over-the-counter common stocks traded on the National Association of Securities Dealers Automated Quotation System. The Standard & Poor's 500 (S&P 500) is an unmanaged group of securities considered to 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 Archipelago Exchange, or ArcaEx®, and the Pacific Exchange). NYSE Group is a leading provider of securities listing, trading and market data products and services. The New York Mercantile Exchange, Inc. (NYMEX) is the world's largest physical commodity futures exchange and 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 are associated with international investing, such as currency fluctuations, political and economic instability and differences in accounting standards. This material represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. Past performance is no guarantee of future results. Investments will fluctuate and when redeemed may be worth more or less than when originally invested. 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 professional services. If assistance is needed, the reader is advised to engage the services of a competent professional.

Citations.

1 – forbes.com/sites/samanthasharf/2016/04/01/jobs-report-215000-jobs-added-in-march-unemployment-rate-higher-at-5 [4/1/16]

2 – investing.com/economic-calendar/ [4/1/16]

3 – markets.on.nytimes.com/research/markets/usmarkets/usmarkets.asp [4/1/16]

4 – markets.wsj.com/us [4/1/16] 5 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=4%2F1%2F15&x=0&y=0 [4/1/16]

5 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=4%2F1%2F15&x=0&y=0 [4/1/16]

5 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=4%2F1%2F15&x=0&y=0 [4/1/16]

5 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=4%2F1%2F11&x=0&y=0 [4/1/16]

5 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=4%2F1%2F11&x=0&y=0 [4/1/16]

5 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=4%2F1%2F11&x=0&y=0 [4/1/16]

5 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F31%2F06&x=0&y=0 [4/1/16]

5 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F31%2F06&x=0&y=0 [4/1/16]

5 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F31%2F06&x=0&y=0 [4/1/16]

6 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [4/1/16]

7 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [4/1/16]

Randy C. Benning, CFP Presents:

MIXED NEWS ON HOME SALES

New home buying increased 2.0% in February, with all of the gain attributable to a remarkable 38.5% jump in sales in the West (a region which had witnessed a 32.7% January plunge in new home purchases). In contrast to this Census Bureau data, the National Association of Realtors noted a 7.1% February decline in existing home sales, with tightening inventory a factor. Last month, the median sale price of a new home was $301,400, up 2.6% in a year; the median existing home sale price was $210,800, up 4.4% from 12 months ago.¹

 

THE ECONOMY EXPANDED 1.4% IN Q4

Last quarter’s GDP was just revised upward by the Bureau of Economic Analysis. In its previous estimate, the BEA had measured Q4 growth at 1.0%. Analysts polled by Briefing.com had expected no change for the third and final estimate.²

 

HARD GOODS ORDERS DECLINE

Overall orders for capital goods dipped 2.8% for February, according to the Census Bureau. With transportation orders removed, the number looked better; the pullback in core durable goods orders was just 1.0%. In January, overall durable goods orders increased 4.2% while core orders rose 1.2%.²

  

AN EXTENDED RALLY ENDS

Hawkish comments from some Federal Reserve officials held stocks and commodities in check last week, contributing to the end of a 5-week win streak. Across four trading days, the S&P 500 retreated 0.67% to 2,035.94; the Nasdaq Composite, 0.46% to 4,773.50; and the Dow Jones Industrial Average, 0.49% to 17,515.73. Gold had its worst week in more than five months, giving back 2.6% to settle at $1,221.60 on the COMEX Friday. Oil ended the week at $39.46 on the NYMEX.³

 

THIS WEEK: On Monday, Wall Street will consider February consumer spending and pending home sales reports. Janet Yellen speaks on monetary policy Tuesday in New York, and, in addition to her statements, investors will look at the Conference Board’s new consumer confidence survey, January’s S&P/Case-Shiller home price index, and earnings from Dave & Buster’s, Lennar, and Sonic. Wednesday offers the March ADP employment change report and earnings from Lululemon Athletica and Paychex. Thursday, the March Challenger job-cut report and new initial claims figures arrive. The Labor Department’s latest employment report, the final March consumer sentiment report from the University of Michigan, the March ISM manufacturing PMI, and China’s latest manufacturing PMIs all appear Friday.

 

% CHANGE	Y-T-D	1-YR CHG	5-YR AVG	10-YR AVG
DJIA	+0.52	-1.14	+8.67	+5.53
NASDAQ	-4.67	-2.11	+14.80	+10.64
S&P 500	-0.39	-1.22	+10.99	+5.63
REAL YIELD	3/24 RATE	1 YR AGO	5 YRS AGO	10 YRS AGO
10 YR TIPS	0.34%	0.12%	1.02%	2.20%

 

Randy C. Benning, CFP®, President, License # 0816882, Benning Financial Group, LLC. Investment Advisory Services offered through Benning Financial Group, LLC, A Registered Investment Advisor, Benning Financial Group, LLC, is not affiliated with Triad Advisors. Securities offered through Triad Advisors Member FINRA, SIPC

Sources: wsj.com, bigcharts.com, treasury.gov – 3/25/16^4,5,6,7

Indices are unmanaged, do not incur fees or expenses, and cannot be invested into directly. These returns do not include dividends. 10-year TIPS real yield = projected return at maturity given expected inflation.

This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. Please note - investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All indices are unmanaged and are not illustrative of any particular investment. The Dow Jones Industrial Average is a price-weighted index of 30 actively traded blue-chip stocks. The NASDAQ Composite Index is an unmanaged, market-weighted index of all over-the-counter common stocks traded on the National Association of Securities Dealers Automated Quotation System. The Standard & Poor's 500 (S&P 500) is an unmanaged group of securities considered to 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 Archipelago Exchange, or ArcaEx®, and the Pacific Exchange). NYSE Group is a leading provider of securities listing, trading and market data products and services. The New York Mercantile Exchange, Inc. (NYMEX) is the world's largest physical commodity futures exchange and 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 are associated with international investing, such as currency fluctuations, political and economic instability and differences in accounting standards. This material represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. Past performance is no guarantee of future results. Investments will fluctuate and when redeemed may be worth more or less than when originally invested. 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 professional services. If assistance is needed, the reader is advised to engage the services of a competent professional.

Citations.

1 – latimes.com/business/la-fi-new-home-sales-20160323-story.html [3/23/16]

2 – briefing.com/investor/calendars/economic/2016/03/21-25 [3/25/16]

3 – cnbc.com/2016/03/24/us-markets.html [3/24/16]

4 – markets.wsj.com/us [3/25/16]

5 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F25%2F15&x=0&y=0 [3/25/16]

5 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F25%2F15&x=0&y=0 [3/25/16]

5 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F25%2F15&x=0&y=0 [3/25/16]

5 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F25%2F11&x=0&y=0 [3/25/16]

5 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F25%2F11&x=0&y=0 [3/25/16]

5 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F25%2F11&x=0&y=0 [3/25/16]

5 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F24%2F06&x=0&y=0 [3/25/16]

5 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F24%2F06&x=0&y=0 [3/25/16]

5 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F24%2F06&x=0&y=0 [3/25/16]

6 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [3/25/16]

7 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [3/25/16]