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Economic Update 01/25/16

Estate Planning


Thanks to frosty weather hitting the Northeast and a round of short covering, WTI crude settled at $32.19 on the NYMEX Friday – up 9% for the day and 9.4% for the week. Oil’s surge (and hopes of quantitative easing overseas) bolstered stocks: across four days, the Dow gained 0.66% to 16,093.51, the S&P 500 1.41% to 1,906.90, and the Nasdaq 2.29% to 4,591.18.


This December jump in resales was partly due to November transactions being delayed by new closing rules. Regardless, 2015 was a good year for homebuying – existing home sales rose 7.7%, according to the National Association of Realtors.


Falling oil prices, rents, and food costs factored into the 0.1% December retreat of the Consumer Price Index (the core CPI rose 0.1%). The headline CPI advanced 0.7% in 2015 – the smallest annual increase in the past 50 years.


The Census Bureau reported a 3.9% dip in building permits in December. Housing starts also declined 2.5% last month, but they were up 10.3% year-over-year.

THIS WEEK: Monday, investors review earnings from Amgen, D.R. Horton, Halliburton, Kimberly-Clark, and McDonald’s. On Tuesday, a new Conference Board consumer confidence index arrives, plus the November S&P/Case-Shiller home price index and earnings from 3M, Apple, AT&T, Capital One, Chubb, Coach, Corning, Freeport-McMoRan, Grainger, Parker-Hannifin, Procter & Gamble, and U.S. Steel. December new home sales numbers and a Federal Reserve policy statement appear Wednesday, along with earnings from Ameriprise Financial, Anthem, Biogen, Boeing, Broadcom, Citrix, Dolby Labs, Discover, eBay, Facebook, General Dynamics, Hanesbrands, Norfolk Southern, PayPal, Qualcomm, SanDisk, Texas Instruments, and United Rentals. Thursday brings data on pending home sales and hard goods orders, initial claims numbers, and earnings from Abbott Labs, Airgas, Alibaba, Altria, Amazon, Bristol-Myers Squibb, Caterpillar, Celgene, Electronic Arts, Eli Lilly, Ford Motor Co., Harley-Davidson, JetBlue, Microsoft, Northrup Grumman, PulteGroup, Raytheon, Sherwin-Williams, Time Warner Cable, Under Armour, Stanley Black & Decker, Valero Energy, VISA, and Western Digital. The first estimate of Q4 GDP appears Friday, plus the University of Michigan’s final January consumer sentiment index and earnings from American Airlines, Chevron, Colgate-Palmolive, Honeywell International, MasterCard, Phillips 66, Praxair, Whirlpool, and Xerox.

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About the Independent Financial Advisor

Robert Pagliarini, PhD, CFP®, EA has helped clients across the United States manage, grow, and preserve their wealth for the past 25 years. His goal is to provide comprehensive financial, investment, and tax advice in a way that was honest and ethical. In addition, he is a CFP® Board Ambassador, one of only 50 in the country, and a real fiduciary. In his spare time, he writes personal finance books, finance articles for Forbes and develops email and video financial courses to help educate others. With decades of experience as a financial advisor, the media often calls on him for his expertise. Contact Robert today to learn more about his financial planning services.

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