MARKET WEEK: DECEMBER 15, 2014 Provided by Ken Armbruster of Preferred Financial Partners (708) 995-7676 www.financialguide.com/Kenneth-Armbruster | ||||||||||||||||||||||||||||||||||||||||||||||||
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Chart reflects price changes, not total return. Because it does not include dividends or splits, it should not be used to benchmark performance of specific investments. Last Week’s Headlines
Eye on the Week AheadInvestors are likely to focus on crude and “considerable time”: whether oil prices are likely to stabilize, even temporarily, and whether the Federal Reserve will drop its “considerable time” estimate of how long it might preserve current interest rates. And as the end of 2014 draws closer, year-end tax-related profit-taking and/or tax-loss harvesting also could play an increasing role in market movements. Data sources: Economic: Based on data from U.S. Bureau of Labor Statistics (unemployment, inflation); U.S. Department of Commerce (GDP, corporate profits, retail sales, housing); S&P/Case-Shiller 20-City Composite Index (home prices); Institute for Supply Management (manufacturing/services). Performance: Based on data reported in WSJ Market Data Center (indexes); U.S. Treasury (Treasury yields); U.S. Energy Information Administration/Bloomberg.com Market Data (oil spot price, WTI Cushing, OK);www.goldprice.org (spot gold/silver); Oanda/FX Street (currency exchange rates). All information is based on sources deemed reliable, but no warranty or guarantee is made as to its accuracy or completeness. Neither the information nor any opinion expressed herein constitutes a solicitation for the purchase or sale of any securities, and should not be relied on as financial advice. Past performance is no guarantee of future results. The Dow Jones Industrial Average (DJIA) is a price-weighted index composed of 30 widely traded blue-chip U.S. common stocks. The S&P 500 is a market-cap weighted index composed of the common stocks of 500 leading companies in leading industries of the U.S. economy. The NASDAQ Composite Index is a market-value weighted index of all common stocks listed on the NASDAQ stock exchange. The Russell 2000 is a market-cap weighted index composed of 2,000 U.S. small-cap common stocks. The Global Dow is an equally weighted index of 150 widely traded blue-chip common stocks worldwide. Market indices listed are unmanaged and are not available for direct investment. Provided for Bourbon Street Homes Exclusively by: Preferred Financial Partners Kenneth Armbruster |