29 Nov Kevin M. Nast Presents: WEEKLY ECONOMIC UPDATE
| WEEKLY QUOTE“People always call it luck when you’ve acted more sensibly than they have.”
– Anne Tyler
WEEKLY TIP Visiting the mall or the grocery store when you are depressed or hungry may encourage you to spend excessively and run up a tab you regret.
WEEKLY RIDDLE We all have one, and even though it often demands an answer, it offers no question. What is this everyday item?
Last week’s riddle:
Last week’s answer: Grover Cleveland held two non-consecutive terms of office – he was both the 22nd and 24th U.S. President.
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November 28, 2011 A TINY INCREASE IN CONSUMER SPENDING HOUSEHOLD CONFIDENCE RISES HOME SALES, DURABLE GOODS ORDERS ENCOURAGE GOLD DIPS UNDER $1,700 BUYERS CROWD THE MALLS, BUT NOT WALL STREET THIS WEEK: On Cyber Monday, the numbers on October new home sales come out. Tuesday, the latest S&P/Case-Shiller home price index is released along with the Conference Board’s November snapshot of U.S. consumer confidence; also, Tiffany issues 3Q results. Wednesday, we get data on October pending home sales from the National Association of Realtors and a new Federal Reserve Beige Book. Thursday brings the latest initial claims numbers, November’s ISM manufacturing index, data on auto sales from the Commerce Department and earnings from Kroger, Barnes & Noble and H&R Block. Friday, the October unemployment report is released and Big!Lots announces 3Q earnings.
Sources: usatoday.com, bigcharts.com, treasury.gov, treasurydirect.gov – 11/25/117,8,9,10 Indices are unmanaged, do not incur fees or expenses, and cannot be invested into directly. These returns do not include dividends. |
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| Kevin M. Nast is a Financial Advisor and the President of NastGroup Financial in Northville, MI 48167. He may be reached at nastgroupfinancial.com or 248.347.1888. Kevin also services clients in Northville, Plymouth, Belleville, Brighton, Livonia and the surrounding metro Detroit area as well as 13 additional states across the US. This material was prepared by MarketingLibrary.Net Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. 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 any Federal tax penalty. 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. All information is believed to be from reliable sources; however we make no representation as to its completeness or accuracy. 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. LD42216-11/11 Citations. 1 – www.dailyfinance.com [11/23/11] 2 – montoyaregistry.com/Financial-Market [11/25/11] 3 – http://realtors.org [11/21/11] 4 – www.sfgate.com [11/23/11] 5 – blogs.wsj.com/marketbeat [11/25/11] 6 – blogs.wsj.com/marketbeat [11/25/11] 7 – www.usatoday.com/money [11/25/11] 8 – www.google.com/finance [11/25/11] 8 – bigcharts.marketwatch.com [11/25/11] 8 – bigcharts.marketwatch.com [11/25/11] 8 – bigcharts.marketwatch.com [11/25/11] 8 – bigcharts.marketwatch.com [11/25/11] 8 – bigcharts.marketwatch.com [11/25/11] 8 – bigcharts.marketwatch.com [11/25/11] 8 – bigcharts.marketwatch.com [11/25/11] 8 – bigcharts.marketwatch.com [11/25/11] 9 – treasury.gov [11/25/11] 9 – treasury.gov [11/25/11] 10 – treasurydirect.gov [7/11/01] |
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