Weekly Market SnapshotJANUARY 2, 2009
Market Commentary
|
| Last | Last Week | YTD return % | |
|---|---|---|---|
| DJIA | 8776.39 | 8468.48 | -33.84% |
| NASDAQ | 1577.03 | 1524.9 | -40.54% |
| S&P 500 | 903.25 | 868.15 | -38.49% |
| MSCI EAFE | 1237.42 | 1207.45 | -45.09% |
| Russell 2000 | 499.45 | 470.49 | -34.80% |
Consumer Money Rates
| Last | 1-year ago | |
|---|---|---|
| Prime Rate | 3.25 | 7.25 |
| Fed Funds | 0.25 | 4.25 |
| 30-year mortgage | 5.26 | 5.79 |
Currencies
| Last | 1-year ago | |
|---|---|---|
| Dollars per British Pound | 1.468 | 1.986 |
| Dollars per Euro | 1.405 | 1.459 |
| Japanese Yen per Dollar | 90.74 | 111.64 |
| Canadian Dollars per Dollar | 1.220 | 0.993 |
| Mexican Peso per Dollar | 13.71 | 10.89 |
Commodities
| Last | 1-year ago | |
|---|---|---|
| Crude Oil | 44.60 | 99.62 |
| Gold | 881.45 | 833.70 |
Bond Rates
| Last | 1-month ago | |
|---|---|---|
| 2-year treasury | 0.72 | 0.84 |
| 10-year treasury | 2.17 | 2.57 |
| 10-year municipal (TEY) | 6.02 | 6.46 |
Treasury Yield Curve – 1/2/2009
S&P Sector Performance Charts – 1/2/2009
Economic Calendar
| January 5 | — | Corporate Layoff Intentions (December) Construction Spending (November) Motor Vehicle Sales (December) |
| January 6 | — | Factory Orders (November) ISM Non-Manufacturing Index (December) FOMC Meeting Minutes (December 15-16) |
| January 7 | — | ADP Payroll Estimate (December) |
| January 8 | — | Bank of England Policy Decision Jobless Claims (week ending January 3) |
| January 9 | — | Employment Report (December) |
| January 19 | — | MLK, Jr. Holiday (markets closed) |
| January 20 | — | Inauguration Day |
| January 27-28 | — | FOMC Meeting |
Past performance is not a guarantee of future results. There are special risks involved with global investing related to market and currency fluctuations, economic and political instability, and different financial accounting standards. The above material has been obtained from sources considered reliable, but we do not guarantee that it is accurate or complete. There is no assurance that any trends mentioned will continue in the future. Municipal bond interest is not subject to federal income tax but may be subject to AMT, state or local taxes. Investing involves risk and investors may incur a profit or a loss.
US 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. US 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 US 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.
Tax Equiv Muni yields (TEY) assume a 35% tax rate on triple-A rated, tax-exempt insured revenue bonds.
The information contained herein has been obtained from sources considered reliable, but we do not guarantee that the foregoing material is accurate or complete. Data source: Bloomberg, as of close of business December 31th 2008.
Raymond James financial advisors may only conduct business with residents of the states and/or jurisdictions for which they are properly registered. Therefore, a response to a request for information may be delayed. Please note that not all of the investments and services mentioned are available in every state. Investors outside of the United States are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this site. Contact your local Raymond James office for information and availability.
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