Weekly Economic Update for April 25, 2016

WEEKLY ECONOMIC UPDATE

WEEKLY QUOTE

 

“The wisest mind has something yet to learn.”

– George Santayana

 

 WEEKLY TIP

If your parent has cognitive issues that make bill paying difficult, ask them if they might want to consider arranging automatic payments, or having their mail delivered to your address or a P.O. Box, so that you may review their bills and statements.

WEEKLY RIDDLE

Sandra is running in a half-marathon and she passes the second person in the race. What position is she in?

Last week’s riddle:

It may contain a thousand wheels, yet it never moves despite spending all day in the sun. What is it?

Last week’s answer:

A parking lot.

 

 

 

April 25, 2016

HOME SALES REBOUND

Bouncing back from a drop of 7.3% in February, existing home sales improved 5.1% last month. In its March report, the National Association of Realtors announced a median sale price of $222,700, 5.7% higher than a year ago.1,2

BUILDERS BREAK GROUND ON FEWER PROJECTS

While home sales increased last month, the pace of both housing starts and building permits declined. Census Bureau data shows an 8.8% reduction in groundbreaking for March. Building permits were down 7.7% for the month.1,2

OIL PRICES RISE FOR A THIRD STRAIGHt WEEK

WTI crude settled at $43.73 on the NYMEX Friday. Expectations of declining production helped oil gain 4.8% in five trading days. Gasoline futures were also up 4.8% on the week.3

DOW CLOSES ABOVE 18,000

For the week, the DJIA rose 0.59% to a Friday settlement of 18,003.75. The S&P 500 advanced 0.52% in five days to close at 2,091.58 as the trading week ended. The Nasdaq retreated 0.65% for the week to 4,906.23.4

THIS WEEK: March new home sales figures appear Monday, plus earnings from Express Scripts, Halliburton, and Xerox. Tuesday features the Conference Board’s April consumer confidence index, February’s Case-Shiller home price index, and earnings from 3M, Aflac, Akamai, Apple, AT&T, Capital One, Chipotle, Coach, Corning, eBay, Eli Lilly, Freeport-McMoRan, HealthSouth, Hershey, Ingersoll-Rand, JetBlue, Office Depot, Panera, Procter & Gamble, Public Storage, T-Mobile, Twitter, U.S. Steel, Whirlpool, and Wynn Resorts. Wednesday, a new Federal Reserve policy statement and NAR’s March pending home sales index complement earnings from Ameriprise, Anthem, Blackrock, Boeing, Cheesecake Factory, Comcast, Facebook, Dr. Pepper Snapple, Garmin, GlaxoSmithKline, Goodyear, Hilton, Lear, Marriott, O’Reilly, PayPal, and Texas Instruments. The BEA’s first estimate of Q1 GDP arrives Thursday, plus initial claims and earnings from Aetna, Altria, Amazon, Amgen, Baidu, Beazer, Bristol-Myers Squibb, Coca-Cola, Colgate-Palmolive, ConocoPhillips, Dow Chemical, Dunkin’ Brands, Domino’s, Expedia, Ford Motor Co., LinkedIn, MasterCard, Pandora, Raytheon, Time Warner Cable, UPS, Waste Management, and Western Digital. Friday sees the release of the University of Michigan’s final April consumer sentiment index, March personal spending figures, and earnings from AMC, Chevron, ExxonMobil, Philipps 66, Praxair, and Royal Caribbean Cruises.

 

% CHANGE Y-T-D 1-YR CHG 5-YR AVG 10-YR AVG
DJIA +3.32 -0.19 +8.79 +5.87
NASDAQ -2.02 -2.56 +14.79 +10.77
S&P 500 +2.33 -0.78 +11.28 +5.95
REAL YIELD 4/22 RATE 1 YR AGO 5 YRS AGO 10 YRS AGO
10 YR TIPS 0.25% 0.12% 0.83% 2.39%

Sources: wsj.com, bigcharts.com, treasury.gov – 4/22/165,6,7,8

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.

 

 

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.

 

Securities offered through Lion Street Financial, LLC. (LSF), Member FINRA & SIPC. Investment Advisory Services offered through Physician Investment Advisors, LLC. Physician Advisors and Physician Investment Advisors are not affiliated with LSF.

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 – investors.com/news/economy/existing-home-sales-rise-in-march-as-tight-supply-lifts-prices/ [4/20/16]

2 – investing.com/economic-calendar/ [4/22/16]

3 – marketwatch.com/story/oil-rises-on-weaker-greenback-signs-of-slowing-production-2016-04-22 [4/22/16]

4 – markets.on.nytimes.com/research/markets/usmarkets/usmarkets.asp [4/22/16]

5 – markets.wsj.com/us [4/22/16]

6 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=4%2F22%2F15&x=0&y=0 [4/22/16]

6 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=4%2F22%2F15&x=0&y=0 [4/22/16]

6 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=4%2F22%2F15&x=0&y=0 [4/22/16]

6 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=4%2F21%2F11&x=0&y=0 [4/22/16]

6 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=4%2F21%2F11&x=0&y=0 [4/22/16]

6 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=4%2F21%2F11&x=0&y=0 [4/22/16]

6 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=4%2F20%2F06&x=0&y=0 [4/22/16]

6 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=4%2F20%2F06&x=0&y=0 [4/22/16]

6 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=4%2F20%2F06&x=0&y=0 [4/22/16]            

7 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [4/22/16]

8 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [4/22/16]


doctors life podcast

The Doctor’s Life Podcast Episode 023- Buy or Rent?

Should you buy or rent? The age old question new doctors, residents, fellows, and even some medical school students ask themselves. It makes sense that this questions comes up since you’re seeing friends and family members buying a home while you’re still in training, but it could possibly be a huge long-term mistake if you don’t take everything in to account. There’s also that part about how much to put down and how much your payments should be.

Nick Schneider is in The Doctor’s Life Podcast studios to give you the lowdown on if you should buy or rent. All episodes of The Doctor’s Life Podcast are available here, iTunes, Android, and on SoundCloud. Make sure to subscribe and you will be the first to get new episodes of The Doctor’s Life Podcast.


doctors life podcast

The Doctor’s Life Podcast Episode 022- Easy Student Loan Options

Easy student loan options. It’s what you dream about…especially when you’re looking at that mountain of debt after med school.

Justin Nabity is in The Doctor’s Life Podcast studios with some student loan options that will make it easier on you regardless of how long you’ve had the debt. All episodes of The Doctor’s Life Podcast are available here, iTunes, Android, and on SoundCloud. Make sure to subscribe and you will be the first to get new episodes of The Doctor’s Life Podcast. Continue reading…


Who Needs Disability Insurance? You and NFL Players

Request-DI-Quote-CTASo who needs disability insurance? You’ve heard from so many different companies about disability insurance and how it protects you and your paycheck from accidents and illness. With decades of a career ahead of you, nobody can predict the future. The one way to cover your paycheck is with a disability insurance policy.

Along those lines of protecting a paycheck, you’d actually be surprised by who needs disability insurance: Future NFL athletes. Continue reading…


homework2_600

Do I Need Disability Insurance?

Do I need disability insurance?

Do I need disability insurance?” The question has probably crossed your mind a few times. The answer is…YES.

Life happens. We cannot predict the future, but we can be prepared for it. That is the purpose of insurance – to protect and provide for yourself and your loved ones if the unfortunate happens. Your life and disability insurance choices may make the difference in your family’s lifestyle after a tragedy strikes by paying the bills, financing children’s educations, and protecting your spouse’s retirement.

The specialized nature of a physician’s occupation requires a specialized plan for protecting their most important asset – their “intellectual capital and ability to work.” Therefore, selecting the right disability insurance is a strategic choice in a physician’s overall risk management plan.

The Case for Adequate Coverage

In most cases, a physician’s career spans 20-30 years depending on when they finish their training. Over those years, a physician can earn $10 – $20 million, which is the return on their investment in their medical education and commitment to their patients through the years.
Continue reading…


Weekly Economic Update for April 11-17

 Justin Nabity Presents:

 

WEEKLY ECONOMIC UPDATE
WEEKLY QUOTE

“True friends are those who really know you but love you anyway.”

– Edna Buchanan

WEEKLY TIP

Own a business? Think about having an accountant look at your books several times a year. Having a professional opinion on your books can be valuable at any time, not just tax time.

  

   

WEEKLY RIDDLE

 

Three women each have two daughters.

They are all having dinner at a cafe.

The café has but seven chairs. All the women are seated. How is this possible?

 

 

Last week’s riddle:

You have 7 onions in a bag, and you will distribute them to 7 people. As you finish handing them out, there is still 1 onion left in the bag. How is this possible?

   

Last week’s answer:

As you hand out the last onion, you leave it inside the bag.

 

 

 

April 11, 2016

FED: APRIL MIGHT BE TOO SOON FOR A RATE HIKE

That was the message Wall Street gleaned from the Federal Reserve’s March policy meeting minutes. Several Fed officials, the minutes stated, felt that “raising the target range as soon as April would signal a sense of urgency” that would be untimely. Another passage noted broad support for “a lower path of the federal funds rate relative to December” (in other words, a shallower ascent for the benchmark interest rate across 2016). Still, some officials saw merit in an April rate move should economic indicators show significant upside.1

PACE OF GROWTH PICKS UP IN THE SERVICE SECTOR

In March, the Institute for Supply Management’s non-manufacturing PMI rose 1.1 points to 54.5. It was the first gain for that PMI in five months. The index had a reading of 56 or higher during most of 2015.2

OIL JUMPs 8% IN A WEEK; GOLD, SILVER ALSO RISE

West Texas Intermediate crude settled at $39.72 a barrel Friday, its weekly ascent aided by a 6.6% Friday gain helped by an announcement of declining rig count. Gasoline futures were up 4.4% for the week. April 4-8 also represented the best week for gold and silver since mid-March (in fact, it was silver’s finest week in over a month). Gold advanced 1.7% in five days on the COMEX, closing Friday at $1,243.80 an ounce. Silver futures rose 2.0% in the same interval, settling Friday in New York at $15.38 per ounce.3,4

STOCKS LOSE SOME GROUND

A rocky week ended with 5-day losses for each of the major indices: the S&P 500 fell 1.21% to 2,047.60; the Nasdaq Composite, 1.30% to 4,850.69; and the Dow Jones Industrial Average, 1.21% to 17,576.96. Even so, all three benchmarks were up at least 3.4% month-over-month at Friday’s closing bell.5

THIS WEEK: Earnings season starts Monday as Alcoa presents Q1 results. On Tuesday, earnings emerge from CSX Corporation and Fastenal. Wednesday, investors consider March retail sales numbers, a new Fed Beige Book, the March PPI, and Q1 results from JPMorgan Chase and Pier 1. New initial claims figures and the March CPI arrive Thursday, plus earnings news from Bank of America, BlackRock, Delta Air Lines, Progressive, and Wells Fargo. Friday offers the preliminary edition of the University of Michigan’s April consumer sentiment index, a report on March industrial output and earnings announcements from Charles Schwab, Citigroup, Regions Financial, and Seagate Technology.

 

% CHANGE Y-T-D 1-YR CHG 5-YR AVG 10-YR AVG
DJIA +0.87 -1.82 +8.40 +5.81
NASDAQ -3.13 -2.02 +14.89 +10.74
S&P 500 +0.18 -1.65 +10.83 +5.81
REAL YIELD 4/8 RATE 1 YR AGO 5 YRS AGO 10 YRS AGO
10 YR TIPS 0.14% 0.08% 0.95% 2.43%

Sources: wsj.com, bigcharts.com, treasury.gov – 4/8/166,7,8,9

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.

 

 

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.

 

Securities offered through Lion Street Financial, LLC. (LSF), Member FINRA & SIPC. Investment Advisory Services offered through Physician Investment Advisors, LLC. Physician Advisors and Physician Investment Advisors are not affiliated with LSF. Physician Advisors is not an accounting or law firm, and the employees of Physician Advisors are not acting as your attorney or tax advisor. Services provided by Physician Advisors are not a substitute for the advice of an attorney or CPA, and by using Physician Advisors’ services no attorney-client or tax advisor relationship will be created with Physician Advisors or any of its employees. Please consult with the appropriate professional regarding your individual circumstance.

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 – tinyurl.com/jsu4hrx [4/7/16]

2 – businessinsider.com/ism-non-manufacturing-and-markit-services-pmi-2016-4 [4/5/16]

3 – marketwatch.com/story/oil-rebounds-but-doha-meeting-remains-a-cloud-on-the-horizon-2016-04-08 [4/8/16]

4 – marketwatch.com/story/gold-snubbed-for-riskier-assets-clings-to-weekly-gain-2016-04-08 [4/8/16]

5 – markets.on.nytimes.com/research/markets/usmarkets/usmarkets.asp [4/8/16]

6 – markets.wsj.com/us [4/8/16]

7 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=4%2F8%2F15&x=0&y=0 [4/8/16]

7 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=4%2F8%2F15&x=0&y=0 [4/8/16]

7 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=4%2F8%2F15&x=0&y=0 [4/8/16]

7 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=4%2F8%2F11&x=0&y=0 [4/8/16]

7 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=4%2F8%2F11&x=0&y=0 [4/8/16]

7 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=4%2F8%2F11&x=0&y=0 [4/8/16]

7 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=4%2F7%2F06&x=0&y=0 [4/8/16]

7 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=4%2F7%2F06&x=0&y=0 [4/8/16]

7 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=4%2F7%2F06&x=0&y=0 [4/8/16]

8 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [4/8/16]

9 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [4/8/16]

 

 


Google-Hangouts-1

Ask Me Anything: Disability Insurance

As residents and fellows begin to visualize a career outside of training, the anxiousness starts to set in. We get it. Our business was built by physician families specifically for doctors.

During that transition to a practicing doctor, don’t let your disability insurance slip. We realize there are a lot of questions you might have about disability insurance and why right now is the best time to grab a quote (hint: You save a lot of money!).

We want to get answers to all of your questions about disability insurance, which is why we are holding several ‘Ask Me Anything’ Hangouts sessions specifically regarding disability insurance.

Wednesday, April 20th 9a Eastern/6a Pacific

Wednesday, April 20th 12:30p Eastern/9:30a Pacific

Wednesday, April 20th 9p Eastern/6p Pacific

Thursday, April 21st 2:30p Eastern/11:30a Pacific

Thursday, April 21st 6:30p Eastern/3:30p Pacific

Friday, April 22nd 11:30a Eastern/8:30a Pacific

Saturday, April 23rd 5p Eastern/2p Pacific

All of these sessions are absolutely free, and these Hangouts are your chance to get your questions answered. You can duck in and out during the hour session. Choose what time fits you and these Hangouts can be done on your desktop, laptop, tablet, or mobile device.

If you’ve already received the answers to your questions, you can start your disability quote today and see how much you’ll save!

Help yourself to make the right decision to start off your career.


doctors life podcast

The Doctor’s Life Podcast Episode 021- Maximizing Your Roth IRA

Many physicians believe they can’t do a Roth IRA. Sure, there are income limits on Roth IRAs, but there is a rule that turns out to be a nice workaround to help you maximize your Roth IRA.

Justin Nabity is in The Doctor’s Life Podcast studios to help you with your Roth IRA info and that workaround. All episodes of The Doctor’s Life Podcast are available here, iTunes, Android, and on SoundCloud. Make sure to subscribe and you will be the first to get new episodes of The Doctor’s Life Podcast. Continue reading…


doctors life podcast

The Doctor’s Life Podcast Episode 020- Setting Up A Practice (Part 2)

Setting up a practice is hard work. Last week, we spoke about how to do it correctly. There are a lot of people needed and a lot of prep work needs to be done before getting to the point of launching your practice. We want to help you be in the right position to do it.

If you missed part 1, make sure you check it out.

Nick Schneider is back in The Doctor’s Life Podcast studios with part two of setting up your practice. All episodes of The Doctor’s Life Podcast are available here, iTunes, Android, and on SoundCloud. Make sure to subscribe and you will be the first to get new episodes of The Doctor’s Life Podcast. Continue reading…


The Doctor’s Life Podcast Episode 019- Setting Up A Practice (Part 1)

Setting up a practice has probably crossed your mind at least once. But how do you go about doing it? You need the right people and the right situation to be able to pull off setting up a practice.

What makes a practice more successful than another one? Nick Schneider is back in The Doctor’s Life Podcast studios with some advice on setting up a practice and how to make sure it’s done in a right way. All episodes of The Doctor’s Life Podcast are available here, iTunes, and on SoundCloud. If you have an Android device, you can download a podcast player (I recommend Podcast Addict), and it will pull from iTunes. Make sure to subscribe and you will be the first to get new episodes of The Doctor’s Life Podcast. Continue reading…