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Market Update

“You work hard for your money. We’ll work hard to protect it.”

Market Direction Is Important –

Updated Chart of the S&P 500 and Secondary Signals

Of our Four secondary indicators under our MTI:

  1. Relative Strength Index (RSI)-Negative

  2. Chaikin Money Flow (CMF)-Positive

  3. MACD- Negative

  4. Money Flow Index-MFI-Negative

More on the Market and the Economy:

Despite a solid retail sales report, stocks tumbled on Friday. The S&P 500 finished the week with a .51% loss, marking its third straight weekly drop.

Source: dshort.com

This week data will be released on housing starts, industrial production, inflation, existing home sales, leading economic indicators and the Fed’s FOMC meeting minutes.

The number of available jobs rose to almost 5.8 million in March, according to the JOLTS report, marking the highest number since July. Not all of those jobs were filled, as hires slipped to 5.3 million.

Small business optimism rose in April, with the NFIB optimism index rising to 93.6, snapping a three-month slide. According to the NFIB, the political climate is the reason for lingering pessimism: “There is no leadership in Washington, no articulations of a path to a better future, and no evidence that policy-making is focused on promoting economic growth or job creation”.

Five of the index’s ten components posted a gain, four were unchanged, and one logged a slight decline:

The Atlanta Fed’s GDPNow model is forecasting growth of 2.8% for the second quarter following the release of data of retail sales.

Retail sales jumped 1.3% in April, marking the largest gain in a year, driven by gains at auto dealers, online retailers and gas stations.

As May is Older Americans Month, a few facts from the Census Bureau:

46.2 million

The number of people who were 65 and older in the United States on July 1, 2014. This group accounted for 14.5 percent of the total population. The 65 and older population grew from 44.7 million in 2013.

98.2 million

Projected population of people 65 and older in 2060. People in this age group would comprise nearly one in four U.S. residents at that time. Of this number, 19.7 million would be 85 or older.

2.4 million

Projected number of baby boomers in 2060. At that time, the youngest baby boomers would be 96 years old.

2033

The year in which, for the first time, the population 65 and older would outnumber people younger than 18 in the U.S.

9.4 million

Estimated number of people 65 and older who were veterans of the U.S. armed forces in 2014.

21.5%

Labor force participation rate for men 65 and older in 2014, significantly higher than the rate for women 65 and older at 13.7 percent.

5.2 million

Number of full-time, year-round workers 65 and older with earnings in 2014.

71%

The percentage of those 65 and older who reported living in homes with computers in 2013. Additionally, 62.4 percent accessed the internet through a high-speed internet connection.

59.4%

Percentage of citizens 65 and older who reported casting a ballot in the 2014 elections.

4,815

Number of continuing care retirement communities in 2012. These businesses employed 423,627 workers and generated $27.6 billion in revenues.

19.1%

Percentage of Florida’s population that was 65 and older in 2014, followed by Maine (18.3 percent). Alaska had the lowest percentage (9.4 percent) followed by Utah (10.0 percent).

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