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Major league investments march 11_2013_economic update

March11, 2013 Economic and Investment update discussing stocks, bonds and the markets.

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Major league investments march 11_2013_economic update

  1. 1. Major League Investments, Inc. Presents: WEEKLY ECONOMIC UPDATE March 11, 2013WEEKLY QUOTE HIRING HAS REALLY PICKED UP“Simplicity is the key During June-August 2012, non-farm payrolls grew by an average of 135,000 jobs ato brilliance.” month. Across September-November, that average improved to 181,000 per month. From December-February, the economy added an average of 191,000 jobs a month.- Bruce Lee The icing on the cake: the latest monthly report from the Labor Department showed 236,000 new jobs generated in February, including the biggest monthly surge of hiring in the construction industry in six years. Unemployment fell to a four-yearWEEKLY TIP low of 7.7% in February, but the percentage of Americans either working or lookingIf you paid an au for work hit a 30-year low – 130,000 people dropped out of the job hunt. 1pair, maid or otherdomestic employee KEY INDEX SHOWS HEALTHY SERVICE SECTORmore than $1,800 in The Institute for Supply Management’s non-manufacturing PMI came in at 56.0 for2012, you are February – the best reading in 12 months, up from 55.2 in January. ISM noted alooking at the “nanny 3.8% increase in new orders, a 5.5% rise in backlogs of orders and a 3.7% gain intax”. See IRS prices last month.2Publication 926 andtalk with your taxadvisor. BEIGE BOOK ENCOURAGES, BUT FACTORY ORDERS DIP The Federal Reserve’s latest “Beige Book” survey of economic conditions noted modest growth in most of its 12 districts since January, with increased hiring aWEEKLY RIDDLE major factor. Last week, the Commerce Department reported a 1.2% rise inYou can’t outrun it or wholesale inventories and a 2.0% drop in factory orders for January. 3,4hide from it. You onlynotice it when there is MORE HISTORY IS MADElight, but it shows A 2.18% weekly gain brought the DJIA to a new record close of 14,397.07 Friday.only darkness. What The S&P 500 (+2.17% to 1,551.18), NASDAQ (+2.35% to 3,244.37) and Russellis it? 2000 (+3.04% to 942.50) also had terrific weeks. As for the CBOE VIX, it dropped 17.84% in five days to finish last week at 12.62. Gold ended the week at $1,577.7o per ounce on the COMEX, oil at $91.88 a barrel on the NYMEX. 4,5Last week’s riddle:Kristi and David live at THIS WEEK: On Monday, earnings reports arrive from Urban Outfitters andopposite ends of a metro Dick’s Sporting Goods. Costco reports earnings on Tuesday. Wednesday, the Censusarea but attend the same Bureau gives us retail sales figures for February, the Commerce Department notescollege. David left forcampus 30 minutes January business inventories, and Express, Inc. announces quarterlybefore Kristi and they results. February’s PPI arrives Thursday, plus Q4 results from Aeropostale. Fridaymet at a coffee house. is a quadruple witching day that also sees the release of the February CPI, data onWho was closer to February industrial output, and the preliminary March consumer sentiment surveycampus when they met? from the University of Michigan.
  2. 2. Last week’s answer: % CHANGE Y-T-D 1-YR CHG 5-YR AVG 10-YR AVGThey were both at thesame distance from DJIA +9.87 +11.54 +4.21 +8.60campus when they meteach other, as they met NASDAQ +7.45 +9.22 +9.33 +14.86at the same location. S&P 500 +8.76 +13.56 +3.99 +8.71 REAL YIELD 3/8 RATE 1 YR AGO 5 YRS AGO 10 YRS AGO 10 YR TIPS -0.50% -0.21% 1.01% 1.72% Sources: cnbc.com, bigcharts.com, treasury.gov - 3/8/134,6,7,8 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.
  3. 3. 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 NYMEXDivision, home to the energy, platinum, and palladium markets, and the COMEX Division, on which all other metals trade. Additionalrisks are associated with international investing, such as currency fluctuations, political and economic instability and differences inaccounting standards. All information is believed to be from reliable sources; however we make no representation as to its completenessor accuracy. All economic and performance data is historical and not indicative of future results. Market indices discussed areunmanaged. Investors cannot invest in unmanaged indices. The publisher is not engaged in rendering legal, accounting or otherprofessional services. If assistance is needed, the reader is advised to engage the services of a competent professional.Citations.1 - www.mercurynews.com/business/ci_22746707/us-adds-236k-jobs-unemployment-falls-7-7 [3/8/13]2 - www.ism.ws/ISMReport/NonMfgROB.cfm [3/5/13]3 - online.wsj.com/article/SB10001424127887324178904578343432769615600.html [3/6/13]4 - www.cnbc.com/id/100537377 [3/8/13]5 - online.wsj.com/mdc/public/page/mdc_commodities.html [3/8/13]6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F8%2F12&x=0&y=0 [3/8/13]6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F8%2F12&x=0&y=0 [3/8/13]6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F8%2F12&x=0&y=0 [3/8/13]6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F7%2F08&x=0&y=0 [3/8/13]6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F7%2F08&x=0&y=0 [3/8/13]6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F7%2F08&x=0&y=0 [3/8/13]6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F7%2F03&x=0&y=0 [3/8/13]6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F7%2F03&x=0&y=0 [3/8/13]6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F7%2F03&x=0&y=0 [3/8/13]7 - www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [3/8/13]8 - www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [3/8/13]