Doug Potash Presents:

WEEKLY ECONOMIC UPDATE

July 29, 2013

WEEKLY QUOTE
Do first things first and second things not at all. - Peter Drucker

CONSUMER SENTIMENT CONTINUES TO RISE

In 12 months, the University of Michigans index of consumer sentiment has gained almost 13 points. At 85.1, Julys final edition of the index was up 1.0 points from the final June reading. Two notable details: the percentage of respondents saying their home values had increased hit a six-year peak, and more respondents expected their inflation-adjusted incomes to rise in the coming year than at any time since 2007.1

WEEKLY TIP
The recently divorced and those planning to divorce should review their insurance coverage in light of changing needs.

TWO DIFFERENT HOME SALES STORIES

Existing home sales declined 1.2% in June with shrinking inventory, but the median sale price was up 13.5% from a year ago, according to the National Association of Realtors. Even as supply fell short of demand, anticipation of rising mortgage rates no doubt contributed to an 8.3% jump in new home buying in June, as well as the greatest yearly improvement in new home sales since 1992 a 38.1% annual gain.2

DURABLE GOODS ORDERS UP 4.2%

Junes impressive overall advance didnt tell the whole story. Minus the oft-volatile transportation category, core hard goods orders were flat last month. 3

WEEKLY RIDDLE
What has two hands but will never clap?
Last weeks riddle: Wide as a grapefruit, deep as a cup, but even a river can't fill it up and you may have to use it when you cook. What is it? Last weeks answer: A kitchen strainer.

DOW ADVANCES FOR A FIFTH STRAIGHT WEEK

While the S&P 500 lost 0.03% across five days to settle at 1,691.65 Friday, the DJIA (+0.10% to 15,558.83) and NASDAQ (+0.71% to 3,613.16) pulled higher. Gold settled at $1,321.70 on the COMEX Friday, oil at $104.70 on the NYMEX.4,5 THIS WEEK: Earnings from Express Scripts, Hertz, Hartford Financial and Herbalife arrive Monday, and NAR reports June pending home sales. Tuesday brings earnings from Symantec, BP, Chrysler/Fiat, Take Two Interactive, NYSE Euronext, Pfizer, Barclays, Deutsche Bank, Merck, UBS, Aetna, Amgen and Aflac; Mays Case-Shiller Home Price Index and the Conference Boards July consumer confidence poll also appear. The Federal Reserve makes a policy announcement Wednesday; the end of the month also brings the July ADP employment report, the federal governments first estimate of Q2 GDP, and earnings from MetLife, Comcast, Honda, MasterCard, Hess, Humana, Sodastream, Allstate, CBS, Marriott, Whole Foods, Dreamworks Animation and Yelp. ISMs July manufacturing index comes out Thursday, plus the July Challenger job-cut report, new initial claims figures, and earnings from P&G, LinkedIn, Time Warner Cable, Clorox, AstraZeneca, Cigna, ConocoPhillips, ExxonMobil, Royal Dutch Shell, Barrick Gold, AIG, Kraft Foods and Leap Wireless. Friday sees the release of the Labor Departments July jo bs report and the Commerce Departments June consumer spending report, plus quarterly results from Chevron, Toyota and Viacom.
% CHANGE Y-T-D 1-YR CHG 5-YR AVG 10-YR AVG

DJIA NASDAQ S&P 500

REAL YIELD

+18.73 +19.66 +18.61

7/26 RATE

+20.72 +24.88 +24.38

1 YR AGO

+7.37 +11.28 +6.90

5 YRS AGO

+6.76 +10.88 +6.94

10 YRS AGO

10 YR TIPS

0.43%

-0.66%

1.79%

2.14%

Sources: cnbc.com, bigcharts.com, treasury.gov - 7/26/135,6,7,8 Indices are unmanaged, do not incur fees or expenses, and cannot be invested into directly. These returns do not include dividends.

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RepresentativeDisclosure
This material was prepared by MarketingLibrary.Net Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. Marketing Library.Net Inc. is not affiliated with any broker or brokerage firm that may be providing this information to you. 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. 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 information is believed to be from reliable sources; however we make no representation as to its completeness or accuracy. 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/ke8ykkl [7/26/13] 2 - bloomberg.com/news/2013-07-24/new-home-sales-in-u-s-rise-more-than-forecast-to-five-year-high.html [7/24/13] 3 - briefing.com/investor/calendars/economic/2013/07/22-26 [7/26/13] 4 - tinyurl.com/kgkofub [7/26/13] 5 - tinyurl.com/lpca2gz [7/26/13] 6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=7%2F26%2F12&x=0&y=0 [7/26/13] 6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=7%2F26%2F12&x=0&y=0 [7/26/13] 6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=7%2F26%2F12&x=0&y=0 [7/26/13] 6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=7%2F25%2F08&x=0&y=0 [7/26/13] 6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=7%2F25%2F08&x=0&y=0 [7/26/13] 6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=7%2F25%2F08&x=0&y=0 [7/26/13] 6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=7%2F25%2F03&x=0&y=0 [7/26/13] 6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=7%2F25%2F03&x=0&y=0 [7/26/13] 6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=7%2F25%2F03&x=0&y=0 [7/26/13] 7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [7/26/13] 8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [7/26/13]

Doug Potash, CRPC

Partner

Premier Planning Group 115 West Street, Suite 400 Annapolis, Maryland 21401 http://www.premierplanninggroup.com/#!doug-potash/c8x7 Phone: 443-837-2550 Cell: 443-994-1897 Fax: 410-216-9515

Doug Potash is a Registered Representative offering securities through Cambridge Investment Research, Inc., Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a federally registered investment advisor. Cambridge and Premier Planning Group are not affiliated.