ࡱ> jli R)bjbj 4fccD!   [[[[[ooo8lo3zzz3333333$ 68)3[zzzzz)3[[>3zp[[3z3[d@_2T303D9.D9D9[2,zzzzzzz)3)3zzz3zzzzD9zzzzzzzzz !: Bayside Financial Group Presents: WEEKLY ECONOMIC UPDATE SAVING THE WORLD ONE RETIREMENT AT A TIME.  WEEKLYQUOTE I have found the best way to give advice to your children is to find out what they want and then advise them to do it. - Harry S. Truman WEEKLYTIP You may know a young adult who is so unsure about the investment world that they refrain from investing at all. Share what you know, or introduce them to a financial professional who can provide knowledge. WEEKLYRIDDLE Wherever you notice me, Ill be in a row. My name has no letters, but my initials are MNO. What am I? Lastweeksriddle: I am heartless and spineless, and spend most of my time in the dark. When you encounter me, I may try to sting you. What am I? Lastweeksanswer: A jellyfish.  November 13, 2017 CONSUMER SENTIMENT INDEX DECLINES The University of Michigans monthly gauge of U.S. household sentiment fell to 97.8 in its initial November edition; analysts polled by Bloomberg estimated it would tick up to 100.8. While the 2.9-point dip from its final October level was the largest drop in a year, the index remained near a 13-year peak. Sixty percent of the consumers surveyed felt that stocks would rise in 2018.1 Q3 Earnings: A LOOK AT THE SCORECARD As of Friday, 87% of S&P 500 companies had reported third-quarter earnings. An analysis from Zacks Investment Research reveals that 73% have topped earnings forecasts; 67% have surpassed revenue estimates. So far, the earnings growth rate for S&P 500 firms in the third quarter is 6.8%, with revenues rising 6.2%. Zacks expects total earnings for the quarter to be 6.2% higher than Q3 2016, with year-over-year income growth at 5.7%.2 OIL CAPS OFF A STRONG WEEK Light sweet crude rose to its highest level in 28 months last week before settling slightly lower: $56.67 was the NYMEX price at Fridays NYSE closing bell. At that time, WTI crude was up 1.8% from its November 3 close.3 A SLIGHT PULLBACK ON WALL STREET Uncertainty about the potential for tax code reform led to some weakness in stocks over the past five trading days. The S&P 500 fell 0.21% for the week to 2,582.30; the Nasdaq Composite retreated 0.20% to 6,750.94. Blue chips took a deeper loss: the Dow Jones Industrial Average declined 0.50% to 23,422.21. The week was much rougher for the Russell 2000, which gave back 1.31% on the way to a Friday settlement of 1,475.27. The CBOE VIX ended the week at 11.29, rising 23.52% in five days.4 THIS WEEK: Monday, Tyson Foods presents Q3 results. On Tuesday, the October Producer Price Index arrives as well as earnings from Aramark and Beazer Homes. Wall Street looks at last months retail sales figures and Consumer Price Index on Wednesday, plus earnings from Cisco, L Brands, NetEase, and Target. Thursday, reports on initial jobless claims and October industrial output complement earnings from Best Buy, Gap, Viacom, and Walmart. Friday, the Census Bureau issues a report on October housing starts and building permits. % CHANGE Y-T-D 1-YR CHG 5-YR AVG 10-YR AVG DJIA +18.52 +24.53 +16.55 +7.96 NASDAQ +25.41 +29.61 +26.48 +15.69 S&P 500 +15.34 +19.14 +17.43 +7.76 REAL YIELD 11/10 RATE 1 YR AGO 5 YRS AGO 10 YRS AGO 10 YR TIPS 0.52% 0.27% -0.83% 1.82% Sources: wsj.com, bigcharts.com, treasury.gov - 11/10/174,5,6,7 Indices are unmanaged, do not incur fees or expenses, and cannot be invested into directly. These returns do not include dividends. 10-year TIPS real yield = projected return at maturity given expected inflation.  Please feel free to forward this article to family, friends or colleagues. If you would like us to add them to our distribution list, please reply with their address. We will contact them first and request their permission to add them to our list. **Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Investment Advisory Services offered through Investment Advisor Representatives of Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Cambridge and Bayside Financial Group are not affiliated. This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. The information herein has been derived from sources believed to be accurate. Please note - investing involves risk, and past performance is no guarantee of future results. Investments will fluctuate and when redeemed may be worth more or less than when originally invested. 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 market indices discussed are unmanaged and are not illustrative of any particular investment. Indices do not incur management fees, costs and expenses, and cannot be invested into directly. All economic and performance data is historical and not indicative of future results. The Dow Jones Industrial Average is a price-weighted index of 30 actively traded blue-chip stocks. The NASDAQ Composite Index is a market-weighted index of all over-the-counter common stocks traded on the National Association of Securities Dealers Automated Quotation System. The Standard & Poor's 500 (S&P 500) is a market-cap weighted index composed of the common stocks of 500 leading companies in leading industries of the U.S. economy. NYSE Group, Inc. (NYSE:NYX) operates two securities exchanges: the New York Stock Exchange (the NYSE) and NYSE Arca (formerly known as the Archipelago Exchange, or ArcaEx, and the Pacific Exchange). NYSE Group is a leading provider of securities listing, trading and market data products and services. The New York Mercantile Exchange, Inc. (NYMEX) is the world's largest physical commodity futures exchange and the preeminent trading forum for energy and precious metals, with trading conducted through two divisions the NYMEX Division, home to the energy, platinum, and palladium markets, and the COMEX Division, on which all other metals trade. Additional risks are associated with international investing, such as currency fluctuations, political and economic instability and differences in accounting standards. This material represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. MarketingPro, Inc. is not affiliated with any person or firm that may be providing this information to you. 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. Citations. 1 - bloomberg.com/news/articles/2017-11-10/u-s-consumer-sentiment-unexpectedly-drops-amid-price-concerns [11/10/17] 2 - nasdaq.com/article/7-retail-stocks-to-steal-the-show-with-q3-earnings-beat-cm875644 [11/10/17] 3 - marketwatch.com/story/oil-steadies-after-climb-toward-2-year-highs-2017-11-10 [11/10/17] 4 - markets.wsj.com/us [11/10/17] 5 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=11%2F10%2F16&x=0&y=0 [11/10/17] 5 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=11%2F10%2F16&x=0&y=0 [11/10/17] 5 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=11%2F10%2F16&x=0&y=0 [11/10/17] 5 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=11%2F9%2F12&x=0&y=0 [11/10/17] 5 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=11%2F9%2F12&x=0&y=0 [11/10/17] 5 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=11%2F9%2F12&x=0&y=0 [11/10/17] 5 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=11%2F9%2F07&x=0&y=0 [11/10/17] 5 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=11%2F9%2F07&x=0&y=0 [11/10/17] 5 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=11%2F9%2F07&x=0&y=0 [11/10/17] 6 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [11/10/17] 7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [11/10/17]      "$%*,35:;hijlmn{|ô}ncP@P1hwh[CJOJQJaJh[B*CJOJQJaJph%hwh[B*CJOJQJaJphhwh[OJQJhwh &`CJ@OJQJaJ@h &`6CJOJQJaJh[CJ4OJQJaJ4hwh[CJ4OJQJaJ4hwh[CJ@OJQJaJ@hi nh[CJ4OJQJaJ4hi nh[CJ@OJQJaJ@hwh[6CJOJQJaJhwh[6CJ OJQJaJ h[6CJ OJQJaJ "#$;iq $$Ifa$gd &`K$ $$Ifa$gd &`kkd$$If%h& t0h&44 lap yt[ $Ifgd[ijklmo|:tkd$$If%h&  t 0h&44 lap yt[ $Ifgd[Gkd$IfK$L$BF%F% t44 lap yt[|  $ % ' ( 3 = @ A ʺ}mZG4%h:C1h[CJOJQJaJ%h4?h[B* CJOJQJaJph8d%h4?h[B* CJOJQJaJph8d%hwh[B*CJOJQJaJphhwh[6CJOJQJaJh[6CJOJQJaJhTFh[6CJOJQJaJh^h[6CJOJQJaJh7`h[6CJOJQJaJh7`h[6CJOJQJaJh7`h[CJOJQJaJ%hh[B* CJOJQJaJph `%hh[B* CJOJQJaJph ` |  $ ( 3 A    ( 5 : > R _ ` a b t x $$Ifa$gd[ $Ifgd[A       ( 4 5 ŸwhUF1(hwh[5B*CJOJQJaJphhh[CJOJQJaJ%hh[B* CJOJQJaJph `hR|h[CJOJQJaJhjh[CJOJQJaJhh[CJOJQJaJ%hwh[B*CJOJQJaJphhwh[6CJOJQJaJh[6CJOJQJaJhTFh[6CJOJQJaJh[b%h[6CJOJQJaJh[CJOJQJaJhjh[CJOJQJaJ # 6 9 = > Q R ^ _ ` a b ˻p^OCO4hwh[CJOJQJaJh[CJ OJQJaJ h=h[CJ OJQJaJ #h[B*CJOJPJQJaJph%hwh[B*CJOJQJaJph(hwh[5B*CJOJQJaJphhwh[6CJOJQJaJ%h6Jh[B*CJOJQJaJphh[B*CJOJQJaJph%hu*h[B*CJOJQJaJphh[B*CJOJQJaJph"h[5B*CJOJQJaJphb s t w x    - D E pbWbpB)hu*h[0JB* CJOJQJaJph `h[5;OJQJhR|h[5;OJQJ#hR|h[0JCJH*OJQJaJh[0JCJOJQJaJ hR|h[0JCJOJQJaJ hbh[0JCJOJQJaJhbh[5;OJQJhu*h[5CJ OJQJaJ hpfh[5CJ OJQJaJ hwh[B*OJQJphh[B*CJOJQJaJph  E  !$-3<EO $$Ifa$gd[K$ $Ifgd[   ´´´¢|n|_M|_=hq@h[0J5;OJQJ#hq@h[0JCJH*OJQJaJhq@h[CJOJQJaJhq@h[5;OJQJ hq@h[0JCJOJQJaJ)hu*h[0JB* CJOJQJaJph `#h+ah[0JCJH*OJQJaJh[0JCJOJQJaJ h+ah[0JCJOJQJaJh+ah[5;OJQJhkh[5;OJQJ hkh[0JCJOJQJaJ  !$-PUqx­ԘufS@S@-@%h)h[B*CJOJQJaJph%h5Rh[B*CJOJQJaJph%hch[B*CJOJQJaJphh #Uh[CJOJQJaJh #Uh[5CJOJQJaJ%h h[B*CJOJQJaJph)hgNh[@B* CJOJQJaJphNy)hhSh[@B*CJOJQJaJph#h[@B*CJOJQJaJph)h5Rh[@B*CJOJQJaJph,h5Rh[5@B*CJOJQJaJphOPkdg$IfK$L$T?r] eXXXXX  t204ap2yt[TPU\cjpq=kdf$IfK$L$T?r] eXXXXX t04ayt[T $$Ifa$gd[K$qx=kd$IfK$L$TPr] eXXXXX t04ayt[T $$Ifa$gd[K$=kdv$IfK$L$T?r] eXXXXX t04ayt[T $$Ifa$gd[K$ $$Ifa$gd[K$GLNOVueR?*(h5Rh[B*CJH*OJQJaJph%h5Rh[B*CJOJQJaJph%hNh[B*CJOJQJaJphh[B*CJOJQJaJph%h h[B*CJOJQJaJph%h h[B*CJOJQJaJph%h:h[B*CJOJQJaJph%h5Rh[B*CJOJQJaJph%h:h[B*CJOJQJaJphhwh[CJOJQJaJh[CJOJQJaJhwh[5CJOJQJaJ kd $IfK$L$T?r] eXXXXX  t204ap2yt[T $0$If^`0a$gd[K$ $$Ifa$gd[K$W,-KB666 $$Ifa$gd[ $Ifgd[kd $IfK$L$Tr] eXXXXX t04ayt[TVW,./(*,Ӻj[K;(%hwh[B*CJOJQJaJphh[B*CJOJQJaJphh &`B*CJOJQJaJphhJzh[B*OJQJph(hwh[5B*CJOJQJaJph+hwh[56B*CJOJQJaJph+hwh[56B*CJOJQJaJphhwh[CJ OJQJaJ 0h!-7h[@B*CJOJQJ]^JaJph0h3h[@B*CJOJQJ]^JaJph%hgNh[B*CJOJQJaJph -./()maaa $$Ifa$gd[kd$$If0%a  t0h&44 lapyt[)*+ $Ifgd[tkdR$$If%h&  t 0h&44 lap yt[+,P#S#^##5$$$%sssed$Ifgd[$1$7$8$H$Ifgd[ $Ifgd[ $Ifgd &`kkd$$If%h& t0h&44 lap yt[ N#P#R#S#]#^#b#######*$9$կxgYI6I%h{h[B*CJOJQJ^Jphh[B*CJOJQJ^Jphh[B*CJ^JaJph!h3h[B*CJ^JaJph!hjh[B*CJ^JaJph!h:h[B*CJ^JaJph)h)Xh[B*CJOJQJ^JaJph'hwh[5B*OJQJ\^Jph#h[B*CJOJQJ^JaJph)hwh[B*CJOJQJ^JaJph)h=u-h[B*CJOJQJ^JaJph9$$$$$$$$$$%%%%%,%:%[%f%n%z%|%%%%%%%%%%%(&,&7&>&J&L&T&V&e&&&&&&&&&&' '''#'$'4'ܶܶܶܣܶܶܶܣܶܶܣܶܶܶܣܶܶܶܣܶܶܣ%h-vth[B*CJOJQJ^Jph%hiIh[B*CJOJQJ^Jph%hh[B*CJOJQJ^Jphh[B*CJOJQJ^Jph%hkh[B*CJOJQJ^Jph8%%%V&&%'''\((?)@)A)B)mkd$$IfC,%h& t0h&44 lap yt[ $Ifgd[ 4'B'c'n'u'''''''''''''''(=(D(Q(`((((4)>)?)A)ɶܣ}jW%h407h[B*CJOJQJ^Jph%h>h[B*CJOJQJ^Jph%hwh[B*CJOJQJ^Jph%hsh[B*CJOJQJ^Jph%hy5oh[B*CJOJQJ^Jph%hHh[B*CJOJQJ^Jph%h-vth[B*CJOJQJ^Jphh[B*CJOJQJ^Jph%huh[B*CJOJQJ^JphB)C)D)F)G)I)J)L)M)O)P)Q)R)gd[kkd$$If%h& t0h&44 lap yt[ A)C)D)E)G)H)J)K)M)N)Q)R)hIYjhIYUhckh[OJQJ%h7h[B*CJOJQJaJph 21h:p[/ =!"0#$% $$If!vh#vh&:V t0h&5h&/  p yt[O$IfK$L$!vh#vF%:V B t,5F%p yt[$$If!vh#vh&:V  t 0h&5h&p yt[$IfK$L$!vh#vX:V ? 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