Markets remain mixed last week.
The November jobs number beat expectations of 190,000, coming in at 228,000.
The U3 unemployment rate remained at 4.1%.
The participation rate remained at 62.7%.
October factory orders dropped to -0.1%, down from September’s +1.4%.
The November ISM Non-Manufacturing Indexdropped to 57.4, down from October’s 59.0. Anything over 50.0 is considered positive.
Economic focus of the week: will come on Wednesday afternoon at 2:00pm when we get the meeting statement from the Fed’s final FOMC meeting of the year. At 2:30pm we will get Janet Yellen’s final Fed meeting press conference. The Fed is expected to raise their interest rate another ¼ point.
Indicator focus: November’s Producer Price Index (Tue); November’s Consumer Price Index, Final Fed meeting of the year (Wed); October’s business inventories, November’s retail sales (Thu); and November’s industrial production (Fri).
Have a great week,
P.S. Please feel free to forward this commentary to family, friends, or colleagues. If you would like us to add them to the list, please reply to this e-mail with their e-mail address and we will ask for their permission to be added.
Securities offered through Securities America, Inc., member FINRA/SIPC. Advisory services offered through Securities America Advisors, Inc. Parker Wealth Management and Securities America not affiliated.
* The Standard & Poor’s 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general. 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. Yahoo! Finance, the Wall Street Journal, Investor’s Business Daily and Barron’s are several of the sources used for financial information.
* Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. Consult your financial professional before making any investment decision. You cannot invest directly in an index. Past performance does not guarantee future results. No strategy can assure a profit or protect against a loss. Investments in the securities markets involve risk, such as loss of your principal.