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Weekly Market Snapshot from Frazier Allen for the week of June 11th, 2013

 

Weekly Market Snapshot

Market Commentary by Scott J. Brown, Ph.D., Chief Economist

Scott J. Brown Ph.D., Chief Economist Raymond James Investment ServicesNext week, the important economic data bunch up at the end of the week. Retail sales are likely to have been lackluster-to-moderate in May.

Industrial production figures should remain soft, reflecting general weakness in the manufacturing sector.

None of the reports is expected to suggest a removal of monetary policy accommodation anytime soon.

Indices

  Last Last Week YTD return %
DJIA 15040.62 15324.53 14.78%
NASDAQ 3424.05 3491.30 13.40%
S&P 500 1622.56 1654.41 13.77%
MSCI EAFE 1669.61 1723.19 4.09%
Russell 2000 979.46 994.43 15.32%

Consumer Money Rates

  Last 1-year ago
Prime Rate 3.25 3.25
Fed Funds 0.09 0.16
30-year mortgage 3.91 3.67

Currencies

  Last 1-year ago
Dollars per British Pound 1.562 1.548
Dollars per Euro 1.325 1.256
Japanese Yen per Dollar 96.630 79.130
Canadian Dollars per Dollar 1.025 1.029
Mexican Peso per Dollar 12.894 14.081

Commodities

  Last 1-year ago
Crude Oil 94.76 85.02
Gold 1416.65 1634.81

Bond Rates

  Last 1-month ago
2-year treasury 0.29 0.25
10-year treasury 2.15 1.98
10-year municipal (TEY) 3.45 2.92

Treasury Yield Curve – 06/07/2013

Treasury Yield Curve – 06/07/2013

S&P Sector Performance (YTD) – 06/07/2013

S&P Sector Performance (YTD) – 06/07/2013

Economic Calendar

June 13th

 —

Jobless Claims (week ending June 8th)
Retail Sales (May)
June 14th

 —

Producer Price Index (May)
Industrial Production (May)
Consumer Sentiment (mid-June)
June 18th

 —

Consumer Price Index (May)
Building Permits, Housing Starts (May)
June 19th

 —

FOMC Policy Decision, Bernanke Press Briefing
June 25th

 —

Durable Goods Orders (May)
Consumer Confidence (June)
July 4th

 —

Independence Day Holiday (markets closed)
July 5th

 —

Employment Report (June)
July 31st

 —

Real GDP (advance 2Q13 + comprehensive revisions)
FOMC Policy Decision (no press briefing)

Important Disclosures

Past performance is not a guarantee of future results. There are special risks involved with global investing related to market and currency fluctuations, economic and political instability, and different financial accounting standards. The above material has been obtained from sources considered reliable, but we do not guarantee that it is accurate or complete. There is no assurance that any trends mentioned will continue in the future. While interest on municipal bonds is generally exempt from federal income tax, it may be subject to the federal alternative minimum tax, state or local taxes. In addition, certain municipal bonds (such as Build America Bonds) are issued without a federal tax exemption, which subjects the related interest income to federal income tax. Investing involves risk and investors may incur a profit or a loss.

US government bonds and treasury bills are guaranteed by the US government and, if held to maturity, offer a fixed rate of return and guaranteed principal value. US government bonds are issued and guaranteed as to the timely payment of principal and interest by the federal government. Treasury bills are certificates reflecting short-term (less than one year) obligations of the US government.

Commodities trading is generally considered speculative because of the significant potential for investment loss. Markets for commodities are likely to be volatile and there may be sharp price fluctuations even during periods when prices overall are rising. Specific sector investing can be subject to different and greater risks than more diversified investments.

Tax Equiv Muni yields (TEY) assume a 35% tax rate on triple-A rated, tax-exempt insured revenue bonds.

Material prepared by Raymond James for use by its financial advisors.

The information contained herein has been obtained from sources considered reliable, but we do not guarantee that the foregoing material is accurate or complete. Data source: Bloomberg, as of close of business May 31st, 2013.

©2013 Raymond James Financial Services, Inc. member FINRA / SIPC.


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