PHONE: 414-223-1099 TOLL-FREE: 1-800-236-1096
SEND US A QUESTION OR COMMENT FOR OUR NEXT SHOW

Money Talk Podcast, Friday July 27, 2012

Play
Play
Landaas & Company newsletter July edition now available.

Advisors on This Week’s Show

Bob Landaas

Brian Kilb

Marc Amateis

Paul Coldagelli

(with Max Hoelzl)

Week in Review (July 23-27, 2012)

Significant economic indicators & reports

Monday

No significant reports released

Tuesday

No significant reports released

Wednesday

The annual rate of new-home sales dropped in June for the first time in four months. The Commerce Department reported an 8.4% dip in the rate of houses sold, down from the two-year high set in May, but it was 15% above June 2011. The median price of new houses fell 3.2% from the year before. The numbers disappointed analysts and served as a reminder of the challenges still facing housing amid other recent indications that the sector’s darkest days are past.

Thursday

Commerce said durable goods orders for June grew by 1.6%, mostly thanks to requests for aircraft. Aside from the volatile transportation segment, manufacturing orders broadly declined from May, possibly reflecting slower economic growth worldwide. In particular, capital goods orders for non-defense items excluding aircraft – a proxy for business investments – declined in June after a strong gain in May. Overall orders remained above year-ago levels at rates that are higher than normal.

The four-week moving average of initial unemployment claims dipped for the fifth week in a row and reached its lowest level since March. The trend could bode well for employment numbers for July, or it could be an aberration caused by statistical quirks in the seasonally adjusted data.

Friday

The U.S. economy grew at an annual rate of 1.5% in the second quarter, according to a preliminary estimate by the Bureau of Economic Analysis. That follows a 2% rate in the first quarter. Consumer spending, which drives 70% of economic activity, rose at a 1.5% rate in the second quarter, down from 2.4% in the first three months of the year. Although the report confirmed other evidence of slowing growth, it also was better than analysts had expected.

Where the Markets Closed for the Week

  • Nasdaq – 2,958, up 33 points or 1.1%
  • Standard & Poor’s 500 – 1,386, up 23 points or 1.7%
  • 10-year U.S. Treasury Note – 1.55%, up 0.09 point
  • Dow Jones Industrial Average – 13,076, up 253 points or 2%

Send us a question for our next podcast.

Follow us on Twitter.

More Money Talk

Landaas newsletter subscribers return to the newsletter via e-mail.


Text Size:  A  A  reset

No client or potential client should assume that any information presented or made available on or through this website should be construed as personalized financial planning or investment advice. Personalized financial planning and investment advice can be rendered only after engagement of the firm for services, execution of the required documentation, and receipt of required disclosures.
Landaas & Company performs investment advisory services only in those states where it is licensed, or excluded or exempted from state investment advisor licensing requirements. All responses to inquiries made by prospective customers to this internet site will not be made absent compliance with state investment advisor and investment advisor rep licensing requirements, or applicable exemptions or exclusions from licensing.
Please contact the firm for more information.
MEMBER FINRA MEMBER SIPC MSRB REGISTRANT

Powered By: mindspike design
ADDRESS: 411 E. WISCONSIN AVENUE, 20TH FLOOR MILWAUKEE, WI 53202
© 2024 Landaas & Company