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Weekly Economic Update August 6 2012

Weekly Economic Update for Major League Investments, Inc. for the week of August 6, 2012

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Weekly Economic Update August 6 2012

  1. 1. Major League Investments, Inc. Presents: WEEKLY ECONOMIC UPDATE August 6, 2012WEEKLY QUOTE HIRING INCREASES, AS DOES UNEMPLOYMENT"A clever man Good news: 163,000 new jobs were added to the economy in July. While the joblesscommits no minor rate did tick up to 8.3% in the Labor Departments latest employment report, theblunders." positives were significant: 148,000 new positions were filled in the private sector, and overall job gains were the best in any month since February. Will this- Johann Wolfgang discourage the Federal Reserve from thoughts of easing? Perhaps not; after all, Julyvon Goethe marked the 42nd straight month in which unemployment exceeded 8%. 1,2WEEKLY TIP CONSUMERS SAVE MORE, SPEND LESSIt may be worth it to Personal incomes rose 0.5% in July, yet consumer spending was essentially flat (thehire an M&A firm Commerce Department said it actually decreased by less than .1%). The personalwhen selling an savings rate jumped 0.4% last month to 4.4%. 3established business.This could encourage HOME PRICES RISE 2.2% IN MAYmultiple offers and a The S&P/Case-Shiller Home Price Index logged its second straight overall monthlyhigher sale price. gain and witnessed its best month in years. The year-over-year decrease in house prices across 20 cities was trimmed to just 0.7% in the May index.3WEEKLY RIDDLE MANUFACTURING SECTOR CONTRACTS AGAINA friend wants change The Institute for Supply Managements July manufacturing index came in at afor a dollar. All you have subpar 49.8 after a 49.7 June mark. In better news, ISMs service sector indexin your pocket is change, improved to 52.6 in July from Junes reading of 52.1.2,4and it amounts to over adollar, but you still cantmake the change FRIDAY RALLY LEADS TO WEEKLY GAINScorrectly. What is the Last weeks policy statements from the Fed and European Central Bank wearied thelargest amount of money markets, but the Dow rose 217 points after Fridays jobs report. The major U.S.you could possibly have indices all had winning weeks: Dow, +1.69% to 13,096.17; NASDAQ, +2.00% toin this situation? What 2,967.90; S&P 500, +1.90% to 1,390.99. Gold settled Friday at $1,609.30 an ounce,coins do you have that oil at $91.40 a barrel. 1,5prevent you frommaking the changecorrectly? THIS WEEK: Earnings reports from Humana and Chesapeake Energy arrive Monday. Tuesday, earnings roll in from Walt Disney, Molson Coors, OfficeLast weeks riddle: Depot, Cablevision, CVS, Scripps, Priceline, Sirius XM, Live Nation, Zillow, FossilYou have been hired by and Charter Communications, and the Feds Ben Bernanke chats with teachers in aan eccentric farmer who town hall meeting. On Wednesday, Macys, Dish Network, Rio Tinto, News Corp.,requests that you build Dean Foods and Ralph Lauren report Q2 results. Kohls, Nordstrom, AMCfour pens for his nine Networks, Lenovo and Wendys issue earnings reports Thursday to go along with
  2. 2. sheep, but only allow an data on June wholesale inventories and the latest initial jobless claims figures.odd number of sheep in Friday, JCPenney reports Q2 earnings.each pen. How do youaccomplish this? % CHANGE Y-T-D 1-YR CHG 5-YR AVG 10-YR AVGLast weeks answer: DJIA +7.19 +10.08 -0.13 +5.75Build three pens, eachholding three sheep. NASDAQ +13.92 +10.21 +3.64 +13.78Build a fourth pensurrounding the other S&P 500 +10.61 +10.37 -0.59 +6.09pens, thereby containing REAL YIELD 8/3 RATE 1 YR AGO 5 YRS AGO 10 YRS AGOall nine sheep. 10 YR TIPS -0.66% 0.36% 2.44% 3.10% Sources: usatoday.com, cnbc.com, bigcharts.com, treasury.gov, treasurydirect.gov - 8/3/122,6,7,8,9 Indices are unmanaged, do not incur fees or expenses, and cannot be invested into directly. These returns do not include dividends. Please feel free to forward this article to family, friends or colleagues. If you would like us to add them to our distribution list, please reply with their address. We will contact them first and request their permission to add them to our list.IRS Circular 230 Disclaimer: To ensure compliance with IRS Circular 230, any U.S. federal tax adviceprovided in this communication is not intended or written to be used, and it cannot be used by the recipientor any other taxpayer (i) for the purpose of avoiding tax penalties that may be imposed non the recipient orany other taxpayer, or (ii) in promoting, marketing, or recommending to another party a partnership orother entity, investment, arrangement or other transaction addressed herein.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 & Poors 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 worlds largest physical commodity futures exchangeand 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 areassociated with international investing, such as currency fluctuations, political and economic instability and differences in accountingstandards. All information is believed to be from reliable sources; however we make no representation as to its completeness oraccuracy. 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 professionalservices. If assistance is needed, the reader is advised to engage the services of a competent professional.Citations.1 - money.msn.com/market-news/post.aspx?post=df0f24d5-5a39-4034-84a5-d540c1356894 [8/3/12]2 - www.cnbc.com/id/48482586 [8/3/12]3 - www.foxbusiness.com/news/2012/07/31/us-personal-spending-flat-home-prices-rise/ [7/31/12]4 - www.ism.ws/ISMReport/MfgROB.cfm [8/1/12]5 - montoyaregistry.com/Financial-Market.aspx?financial-market=common-financial-mistakes-and-how-to-avoid-them&category=29 [8/3/12]6 - www.usatoday.com/money/index [8/3/12]7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=8%2F3%2F11&x=0&y=0 [8/3/12]7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=8%2F3%2F11&x=0&y=0 [8/3/12]7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=8%2F3%2F11&x=0&y=0 [8/3/12]7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=8%2F3%2F07&x=0&y=0 [8/3/12]7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=8%2F3%2F07&x=0&y=0 [8/3/12]7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=8%2F3%2F07&x=0&y=0 [8/3/12]7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=8%2F2%2F02&x=0&y=0 [8/3/12]7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=8%2F2%2F02&x=0&y=0 [8/3/12]7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=8%2F2%2F02&x=0&y=0 [8/3/12]8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [8/3/12]8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [8/3/12]
  3. 3. 9 - treasurydirect.gov/instit/annceresult/press/preanre/2002/ofm71002.pdf [7/10/02] Major League Investments, Inc. 530 Loring Ave Suite 302, Salem, MA 01970 Phone: 978-740-1011 michael.finer@majorleagueinvest.com