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

Money Talk Podcast, Friday Nov. 11, 2016

Play

 

Landaas & Company newsletter  November edition now available.

Advisors on This Week’s Show

Bob Landaas

Kyle Tetting

Steve Giles

Dave Sandstrom

(with Joel Dresang and Max Hoelzl)

Week in Review (November 7-11, 2016)

Significant economic indicators & reports

Monday

Student loans and car financing continued to increase the amount of outstanding consumer credit carried by American consumers in September. The rate of increase in the debt slowed from August, according to the Federal Reserve. Of particular interest was revolving credit, which represents credit card borrowing. Consumers still are not using credit cards as much as they did before the Great Recession, which can be a sign both of prudence and pessimism. Consumer spending accounts for about 70% of U.S. economic activity.

revolving-credit-9-16

Tuesday

American employers had 5.5 million job openings in September, up three times in the previous four months. Demand for workers remains near all-time highs, according to 16 years of data from the Bureau of Labor Statistics. The number and rate of workers quitting their jobs suggest Americans are confident at finding work, which could support consumer spending.

Wednesday

Wholesalers continued adjusting supply levels to customer demands in September as the inventories-to-sales ratio stayed even with August and about its height just before the recession ended in 2009. The ratio has dropped since January, indicating a more nimble leanness among businesses overall. The Commerce Department said wholesale inventories gained 0.1% from August, vs. a 0.2% rise in sales.

Thursday

The moving four-week average for initial unemployment claims rose for the fourth week in a row after setting a 43-year record low. Labor Department data showed further evidence of an encouraging employment market in which employers are reluctant to let go of their workers. Claims are 28% below the all-time average, which dates back to 1967.

Friday

The University of Michigan said a preliminary survey of consumer sentiment for November suggests a relatively healthy 2.5% increase in consumer spending over the next year. The university’s index showed rising confidence both in current economic conditions and in near-term expectations. Respondents, surveyed before the Nov. 8 election, raised expectations for inflation, perhaps in anticipation of a possible interest rate hike by the Federal Reserve, which meets next month.

Where the Markets Closed for the Week

  • Nasdaq – 5,237, up 191 points or 3.8%
  • Standard & Poor’s 500 – 2,164, up 79 points or 3.8%
  • 10-year U.S. Treasury Note – 2.12%, up 0.34 point
  • Dow Jones Industrial – 18,848, up 959 points or 5.4%

Send us a question for our next podcast.

Follow us on Twitter.

More information and insight from Money Talk

Money Talk Videos

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


Text Size:  A  A  reset

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. MEMBER FINRA MEMBER SIPC

Powered By: mindspike design
ADDRESS: 411 E. WISCONSIN AVENUE, 20TH FLOOR MILWAUKEE, WI 53202
© 2017 Landaas & Company