This Week’s Market Snapshot With Loeffler Wealth Management

FREEPORT, ILLINOIS – Next week, the April retail sales report looms large. Retail sales fell sharply in December, with a moderate rebound in March. Unit auto sales fell last month. Gasoline prices rose. Core sales should have advanced at a moderately strong pace, but adjustments for the late Easter add uncertainty. Industrial production declined in the first quarter, but we should see a modest pickup in April.

Indices

  Last Last Week YTD return %
DJIA 25828.36 26307.79 10.72%
NASDAQ 7910.59 8036.77 19.22%
S&P 500 2870.72 2917.52 14.52%
MSCI EAFE 1860.04 1911.66 8.15%
Russell 2000 1570.06 1582.65 16.42%

Consumer Money Rates

  Last 1 year ago
Prime Rate 5.50 4.75
Fed Funds 2.38 1.69
30-year mortgage 4.20 4.65

Currencies

  Last 1 year ago
Dollars per British Pound 1.301 1.352
Dollars per Euro 1.122 1.192
Japanese Yen per Dollar 109.74 109.40
Canadian Dollars per Dollar 1.348 1.277
Mexican Peso per Dollar 19.233 19.223

Commodities

  Last 1 year ago
Crude Oil 61.70 71.36
Gold 1285.20 1322.30

Bond Rates

  Last 1 month ago
2-year treasury 2.26 2.38
10-year treasury 2.45 2.54
10-year municipal (TEY) 2.74 2.98

Treasury Yield Curve – 05/10/2019

As of close of business 05/09/2019

S&P Sector Performance (YTD) – 05/10/2019

As of close of business 05/09/2019

Economic Calendar

May 14  — Small Business Optimism (April)
May 15  — Retail Sales (April)
 — Industrial Production (April)
May 16  — Building Permits, Housing Starts (April)
May 17  — Leading Economic Indicators (April)
 — UM Consumer Sentiment (mid-May)
May 22  — FOMC Minutes (April 31-May 1)
May 23  — New Home Sales (April)
May 24  — Durable Goods Orders (April)
May 27  — Memorial Day Holiday (markets closed)
June 7  — Employment Report (May)
June 19  — FOMC Policy Decision

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All expressions of opinion reflect the judgment of the Research Department of Raymond James & Associates, Inc. and are subject to change. There is no assurance any of the forecasts mentioned will occur or that any trends mentioned will continue in the future. Investing involves risks including the possible loss of capital. Past performance is not a guarantee of future results. International investing is subject to additional risks such as currency fluctuations, different financial accounting standards by country, and possible political and economic risks, which may be greater in emerging markets. While interest on municipal bonds is generally exempt from federal income tax, it may be subject to the federal alternative minimum tax, and state or local taxes. In addition, certain municipal bonds (such as Build America Bonds) are issued without a federal tax exemption, which subjects the related interest income to federal income tax. Municipal bonds may be subject to capital gains taxes if sold or redeemed at a profit. Taxable Equivalent Yield (TEY) assumes a 35% tax rate.

The Dow Jones Industrial Average is an unmanaged index of 30 widely held stocks. The NASDAQ Composite Index is an unmanaged index of all common stocks listed on the NASDAQ National Stock Market. The S&P 500 is an unmanaged index of 500 widely held stocks. The MSCI EAFE (Europe, Australia, Far East) index is an unmanaged index that is generally considered representative of the international stock market. The Russell 2000 index is an unmanaged index of small cap securities which generally involve greater risks. An investment cannot be made directly in these indexes. The performance noted does not include fees or charges, which would reduce an investor’s returns. U.S. government bonds and treasury bills are guaranteed by the US government and, if held to maturity, offer a fixed rate of return and guaranteed principal value. U.S. government bonds are issued and guaranteed as to the timely payment of principal and interest by the federal government. Treasury bills are certificates reflecting short-term (less than one year) obligations of the U.S. government.

Commodities trading is generally considered speculative because of the significant potential for investment loss. Markets for commodities are likely to be volatile and there may be sharp price fluctuations even during periods when prices overall are rising. Specific sector investing can be subject to different and greater risks than more diversified investments. Gross Domestic Product (GDP) is the annual total market value of all final goods and services produced domestically by the U.S. The federal funds rate (“Fed Funds”) is the interest rate at which banks and credit unions lend reserve balances to other depository institutions overnight. The prime rate is the underlying index for most credit cards, home equity loans and lines of credit, auto loans, and personal loans. Material prepared by Raymond James for use by financial advisors. Data source: Bloomberg, as of close of business May 2, 2019.

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