7/29/2019 March 4 Weekly economic update

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Doug Potash Presents:

WEEKLYECONOMIC UPDATE

WEEKLY QUOTE

All you need in theworld is love andlaughter to havelove in one hand, andlaughter in theother.

- August Wilson

WEEKLY TIP

Retirement shouldnot mark the end ofequity investment. As

you will likely beretired for 15-20

years or longer,turning away fromequities may cost yougrowth and income.

WEEKLY RIDDLE

Kristi and David liveat opposite ends of ametro area but attendthe same college.David left for campus30 minutes beforeKristi and they met ata coffee house. Who

was closer to campuswhen they met?

Last weeks riddle:What can explodeslowly, with no smoke

or flame?Last weeks answer:A population.

March 4, 2013

DESPITE ANXIETIES, DOW STAYS ABOVE 14,000The DJIA settled at 14,089.66 Friday, gaining 0.64% on the week. The S&P 500

(+0.17% to 1,518.20) and NASDAQ (+0.25% to 3,169.74) also logged five-dayadvances. All this happened in the face of significant instability, as Wall Streetfretted over the deadlock in Italys national elections and the sequester cuts takingeffect on March 1. Congress and the White House could not arrange a deal to delaythe sequestration last week, which means that $85 billion will be subtracted from the

budgets of government agencies between March 2 and October 1 unless a bipartisanagreement emerges to undo the cuts.1,2

TERRIFIC REAL ESTATE DATA HELPS BUOY STOCKSNew home buying accelerated 16% in January the biggest monthly rise in almost20 years, according to the Commerce Department. Pending home sales rose 4.5% inJanuary, the National Association of Realtors said; that was far above the 1.0% gainforecast by economists polled by Briefing.com. Finally, the December edition of the

S&P/Case-Shiller Home Price Index showed a 6.8% yearly gain across 20 metromarkets, bettering Novembers 5.5% impressive annualized increase.3,4

MANUFACTURING PMI RISES IN FEBRUARYThe Institute for Supply Managements manufacturing PMI improved 1.1% inFebruary to 54.2. While the Commerce Department noted a 5.2% overall retreat indurable goods orders in January (the first decline in four months), new orders rose1.9% when the volatile transportation category was factored out.4,5

CONSUMER CONFIDENCE & SPENDING HOLD UPThe Conference Boards February consumer confidence poll soared to 69.0 fromJanuarys 58.4 mark, and the University of Michigans final February consumersentiment survey came in at 77.6, topping the Reuters consensus forecast of 76.3.The federal government revised Q4 GDP north slightly to +0.1% last week; consumerspending rose 0.2% in January, even as consumer incomes fell 3.6%.1,4

THIS WEEK: Monday, Transocean announces Q4 earnings. Tuesday brings ISMslatest non-manufacturing PMI and quarterly results from VeriFone. On Wednesday,Staples, American Eagle Outfitters, BigLots! and PetSmart issue quarterly earnings;Februarys ADP employment report appears plus a new Federal Reserve Beige Bookand data on January factory orders. The Bank of England and European CentralBank wrap up policy meetings Thursday, and a new Challenger job-cut report andearnings from H&R Block, Pandora, Kroger and Smithfield Foods appear. Friday,the February jobs report is out along with earnings from Ann and Foot Locker.

% CHANGE Y-T-D 1-YR CHG 5-YR AVG 10-YR AVG

DJIA +7.52 +8.55 +2.97 +7.86NASDAQ +4.98 +6.05 +7.91 +13.70

S&P 500 +6.45 +10.49 +2.82 +8.05

REAL YIELD 3/1 RATE 1 YR AGO 5 YRS AGO 10 YRS AGO

10 YR TIPS -0.67% -0.23% 1.10% 1.77%

Sources: cnbc.com, bigcharts.com, treasury.gov - 3/1/131,6,7,8

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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7/29/2019 March 4 Weekly economic update

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Doug Potash disclosure

This material was prepared by MarketingLibrary.Net Inc., and does not necessarily represent the views of the presenting party, nor theiraffiliates. 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 anyFederal tax penalty. The Dow Jones Industrial Average is a price-weighted index of 30 actively traded blue-chip stocks. The NASDAQComposite Index is an unmanaged, market-weighted index of all over-the-counter common stocks traded on the National Association ofSecurities Dealers Automated Quotation System. The Standard & Poor's 500 (S&P 500) is an unmanaged group of securities consideredto 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 ArchipelagoExchange, or ArcaEx, and the Pacific Exchange). NYSE Group is a leading provider of securities listing, trading and market dataproducts 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 NYMEXDivision, home to the energy, platinum, and palladium markets, and the COMEX Division, on which all other metals trade. Additionalrisks are associated with international investing, such as currency fluctuations, political and economic instability and differences inaccounting standards. All information is believed to be from reliable sources; however we make no representation as to its completenessor accuracy. All economic and performance data is historical and not indicative of future results. Market indices discussed areunmanaged. Investors cannot invest in unmanaged indices. The publisher is not engaged in rendering legal, accounting or otherprofessional services. If assistance is needed, the reader is advised to engage the services of a competent professional.

Citations.1 - www.cnbc.com/id/100511717 [3/1/13]2 - www.reuters.com/article/2013/03/01/us-usa-fiscal-idUSBRE91P0W220130301 [3/1/13]3 - www.mercurynews.com/real-estate/ci_22670982/new-home-sales-hit-highest-level-more-than [2/26/13]4 - briefing.com/investor/calendars/economic/2013/02/25-01 [3/1/13]5 - www.census.gov/manufacturing/m3/adv/pdf/durgd.pdf [2/27/13]6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F1%2F12&x=0&y=0 [3/1/13]6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F1%2F12&x=0&y=0 [3/1/13]

6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F1%2F12&x=0&y=0 [3/1/13]6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=2%2F29%2F08&x=0&y=0 [3/1/13]6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=2%2F29%2F08&x=0&y=0 [3/1/13]6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=2%2F29%2F08&x=0&y=0 [3/1/13]6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=2%2F28%2F03&x=0&y=0 [3/1/13]6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=2%2F28%2F03&x=0&y=0 [3/1/13]6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=2%2F28%2F03&x=0&y=0 [3/1/13]7 - www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [3/1/13]8 - www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [3/1/13]

Doug Potash, CRPCPartner

Premier Planning Group

115 West Street, Suite 400Annapolis, Maryland 21401Phone: 443-837-2550Cell: 443-994-1897Fax: 410-216-9515

Doug Potash is a Registered Representative offeringsecurities through Cambridge Investment Research Inc,

Member FINRA/SIPC. Advisory services offered throughCambridge Investment Research Advisors, a RegisteredInvestment Advisor. Cambridge Investment Reasearch LLCand Premier Planning Group are not affiliated.