Clarksville, TN – Next week, the report on durable goods orders should reflect a decrease in aircraft orders and may be a little soft otherwise (possibly reflecting an impact from the late Easter holiday this year).
The estimate of GDP growth for the first quarter is likely to be revised lower, but the story shouldn’t change much (most economists are expected a strong rebound in 2Q14 GDP growth).
Indices
Last | Last Week | YTD return % | |
DJIA | 16543.08 | 16446.81 | -0.20% |
NASDAQ | 4154.34 | 4069.29 | -0.53% |
S&P 500 | 1892.49 | 1870.85 | 2.39% |
MSCI EAFE | 1934.60 | 1937.72 | 0.99% |
Russell 2000 | 1113.87 | 1095.99 | -4.28% |
Consumer Money Rates
Last | 1-year ago | |
Prime Rate | 3.25 | 3.25 |
Fed Funds | 0.08 | 0.09 |
30-year mortgage | 4.14 | 3.59 |
Currencies
Last | 1-year ago | |
Dollars per British Pound | 1.687 | 1.509 |
Dollars per Euro | 1.368 | 1.293 |
Japanese Yen per Dollar | 101.560 | 102.930 |
Canadian Dollars per Dollar | 1.091 | 1.031 |
Mexican Peso per Dollar | 12.927 | 12.333 |
Commodities
Last | 1-year ago | |
Crude Oil | 104.12 | 94.03 |
Gold | 1296.53 | 1387.09 |
Bond Rates
Last | 1-month ago | |
2-year treasury | 0.33 | 0.43 |
10-year treasury | 2.53 | 2.67 |
10-year municipal (TEY) | 3.74 | 4.30 |
Treasury Yield Curve – 5/23/2014
S&P Sector Performance (YTD) – 5/23/2014
Economic Calendar
May 26th | — | Memorial Day Holiday (markets closed) |
May 27th | — | Durable Goods Orders (April) Case-Shiller Home Price Index (March) Consumer Confidence (May) |
May 29th | — | Real GDP (1Q14, 2nd estimate) Pending Home Sales Index (April) |
May 30th | — | Personal Income and Spending (April) Chicago PM Index (May) |
June 2nd | — | ISM Manufacturing Index (May) |
June 4th | — | ISM Non-Manufacturing Index (May) Fed Beige Book |
June 6th | — | Employment Report (May) |
Important Disclosures
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 22nd, 2014.
©2014 Raymond James Financial Services, Inc. member FINRA / SIPC.