Market News

News by the Numbers: Week of April 30, 2018

Five noteworthy figures from the previous week

2.3%
Economic expansion in the first quarter, according to the Department of Commerce.

Although this number fell notably short of the 2.9% GDP reading for Q4 2017, it topped the 2.0% forecast of economists polled by Reuters. Consumer spending only rose 1.1% in Q1, possibly impeded by delayed federal tax refunds.

Source: CNBC (1)

1.0%

Wage growth in the opening three months of the year.

This gain, measured by the Department of Labor, represents the largest quarterly improvement in private-sector salaries since Q1 2007.

Source: Los Angeles Times (2)

1+ million

The population of American kids who were identity fraud victims in 2017.

Javelin Strategy & Research questioned 5,000 U.S. parents and guardians and extrapolated its data results (as survey firms commonly do) to arrive at this conclusion. Javelin says that 66% of the kids who had their identities stolen by cybercriminals in 2017 were younger than eight years old. The average theft per minor identity stolen: $2,303.

Source: Washington Post (3)

3

The number of months this current stock market correction has lasted.

At Friday’s closing bell, the S&P 500 remained about 7% below the peak it reached in late January. The index is now in its longest correction since 2008.

Source: Fox Business (4)

6.7%
The chance of an interest rate hike on May 2, according to the CME Group FedWatch Tool.

The futures market is quite confident that the Federal Reserve will refrain from a rate move this coming week. Compare this percentage from Friday, though, with the 3.1% probability seen on April 20.

Source: CME Group (5)

 

View More Articles

Learn More About BCJ Financial Group

Visit BCJFinancial.com

Contact Us

 


 

Sources:

1 – www.cnbc.com/2018/04/27/first-reading-on-q1-2018-gdp.html [4/27/18]

2 – www.latimes.com/business/la-fi-pay-raise-wages-20180427-story.html [4/27/18]

3 – www.washingtonpost.com/news/get-there/wp/2018/04/24/why-does-a-2-year-old-have-a-credit-card-how-to-protect-your-children-from-identity-theft [4/24/18]

4 – www.foxbusiness.com/markets/stocks-stuck-in-correction-mode-for-longest-stretch-in-10-years [4/27/18]

5 – www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html/ [4/27/18]

Securities offered through World Equity Group, Inc. Member FINRA/SIPC. Advisory Service offered through BCJ Capital Management. World Equity Group, Inc. and BCJ Capital Management are independently owned and operated. BCJ Capital Management is a (SEC) registered investment adviser. Information presented is for educational purposes only. It should not be considered specific investment advice, does not take into consideration your specific situation, and does not intend to make an offer or solicitation for the sale or purchase of any securities or investment strategies. Investments involve risk and are not guaranteed. Be sure to consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. Please note – investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All indices are unmanaged and are not illustrative of any particular investment. BCJ FG 18-70

You Might Also Like