ࡱ> kmj +)bjbj 4hcc!   [[[[[ooo8to3}3333333$6:93[3[[3L[[}3}3i33039^9H9[5343339 !: Bayside Financial Group Presents: WEEKLY ECONOMIC UPDATE SAVING THE WORLD ONE RETIREMENT AT A TIME.  WEEKLYQUOTE Silence is more musical than any song. - Christina Rossetti WEEKLYTIP About to start a business? Then be sure to file the correct forms with state government. Get in touch with your Secretary of States office (and your city and county) to see what licenses and forms you may need. WEEKLYRIDDLE Weight within my stomach, trees on my back, nails in my ribs, and feet I lack. What am I? Lastweeksriddle: There are 43 hikers walking toward a desert peak. On the way, 6 decide to hike another peak, 12 head back, and 25 make it to the peak. What happens to the rest of them? Lastweeksanswer: There are no more, 6 + 12 + 25 = 43.  April 2, 2018 HAS CONSUMER SPENDING MAINTAINED ITS PACE? A new Department of Commerce report states that consumer spending rose 0.2% in February as consumer incomes improved 0.4%. These numbers replicated Januarys gains. Even so, the personal savings rate hit a 6-month peak of 3.4% in February, suggesting that spending may have leveled off in the first quarter. Newly revised data shows that the economy was very healthy in the fourth quarter. Real consumer spending (personal spending adjusted for inflation) increased 4.0% while Gross domestic product expanded at a 2.9% annual rate. (The previous Q4 GDP estimate was 2.5%.)1,2 STILL PLENTY OF OPTIMISM ON MAIN STREET Last week, the Conference Board announced a reading of 127.7 for the latest edition of its monthly consumer confidence index, not far from the outstanding mark of 130.0 it reached in February. The University of Michigans consumer sentiment index also fell slightly, declining to a final, impressive March mark of 101.4 from its preliminary reading of 102.0.2 PENDING HOME SALES INDEX POSTS A GAIN The National Association of Realtors said that its gauge of housing contract activity rose 3.1% for February, even with seeming obstacles like a thin inventory of existing homes on the market and a scarcity of affordable properties. Pending sales were still down 4.1% year-over-year.3 CHOPPY WEEK ENDS EVENTFUL QUARTER After sizable advances and retreats across four trading sessions, the three major U.S. equity benchmarks ended higher for the abbreviated market week. The S&P 500 settled Friday at 2,640.87; the Nasdaq Composite, at 7,063.44; the Dow Jones Industrial Average, at 24,103.11. The S&P rose 2.03% in four trading days; the Nasdaq, 1.01%; the Dow, 2.42%.4 THIS WEEK: The Institute for Supply Management releases its March factory PMI Monday. Nothing major is scheduled for Tuesday. ISMs March service sector PMI arrives Wednesday, plus a new ADP payrolls snapshot and earnings from CarMax and Lennar. New initial claims figures and the March Challenger job-cut report appear Thursday. On Friday, the Department of Labor presents its March employment report, and Federal Reserve chair Jerome Powell delivers a speech on the U.S. economic outlook in Chicago. % CHANGE Y-T-D 1-YR CHG 5-YR AVG 10-YR AVG DJIA -2.49 +16.67 +13.07 +9.73 NASDAQ +2.32 +19.77 +23.23 +21.24 S&P 500 -1.22 +11.85 +13.66 +10.08 REAL YIELD 3/29 RATE 1 YR AGO 5 YRS AGO 10 YRS AGO 10 YR TIPS 0.69% 0.41% -0.64% 1.13% Sources: barrons.com, bigcharts.com, treasury.gov - 3/29/184,5,6,7 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.  MERGEFIELD RepresentativeDisclosure \* MERGEFORMAT **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 - cnbc.com/2018/03/29/us-personal-income-feb-2018.html [3/29/18] 2 - investing.com/economic-calendar/ [3/29/18] 3 - nationalmortgageprofessional.com/news/66542/pending-home-sales-february [3/28/18] 4 - barrons.com/public/page/weekstocks.html [3/29/18] 5 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F29%2F17&x=0&y=0 [3/29/18] 5 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F29%2F17&x=0&y=0 [3/29/18] 5 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F29%2F17&x=0&y=0 [3/29/18] 5 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F28%2F13&x=0&y=0 [3/29/18] 5 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F28%2F13&x=0&y=0 [3/29/18] 5 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F28%2F13&x=0&y=0 [3/29/18] 5 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F28%2F08&x=0&y=0 [3/29/18] 5 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F28%2F08&x=0&y=0 [3/29/18] 5 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F28%2F08&x=0&y=0 [3/29/18] 6 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [3/29/18] 7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [3/29/18]      "$%*,35:;hijlmn{|ô}ncP@P1hwh2CJOJQJaJh2B*CJOJQJaJph%hwh2B*CJOJQJaJphhwh2OJQJhwhFSCJ@OJQJaJ@hFS6CJOJQJaJh2CJ4OJQJaJ4hwh2CJ4OJQJaJ4hwh2CJ@OJQJaJ@hi nh2CJ4OJQJaJ4hi nh2CJ@OJQJaJ@hwh26CJOJQJaJhwh26CJ OJQJaJ hw6CJ OJQJaJ "#$;iq $$Ifa$gdFSK$ $$Ifa$gdFSkkd$$If%h& t0h&44 lap yt2 $Ifgd2ijklmo|:tkd$$If%h&  t 0h&44 lap yt2 $Ifgd2Gkd$IfK$L$BF%F% t44 lap yt2|ξ~qaN;(%h4?h2B* CJOJQJaJph8d%h4?h2B* CJOJQJaJph8d%hwh2B*CJOJQJaJphhwh26CJOJQJaJh26CJOJQJaJhTFh26CJOJQJaJh^h26CJOJQJaJhh26CJOJQJaJhBjh26CJOJQJaJhBjh26CJOJQJaJhBjh2CJOJQJaJhkWh2CJOJQJaJ%hh2B* CJOJQJaJph ` | F J L `  # H I J K Y ] $$Ifa$gd2 $Ifgd2` x F J L ƶwhYF7hh2CJOJQJaJ%hh2B* CJOJQJaJph `hh2CJOJQJaJhA(h2CJOJQJaJhh2CJOJQJaJ%hwh2B*CJOJQJaJphhwh26CJOJQJaJh26CJOJQJaJhTFh26CJOJQJaJhHh26CJOJQJaJh2CJOJQJaJhHh2CJOJQJaJh:C1h2CJOJQJaJL ^ _ `     " # F G H I J ɶp[I:.:h2CJ OJQJaJ h=h2CJ OJQJaJ #h2B*CJOJPJQJaJph)h]*h2B*CJOJPJQJaJph%hwh2B*CJOJQJaJphhwh26CJOJQJaJ%hfh2B*CJOJQJaJphh2B*CJOJQJaJph%h]*h2B*CJOJQJaJphh2B*CJOJQJaJph"h25B*CJOJQJaJph(hwh25B*CJOJQJaJphJ K X Y \ ]     # % -  % Z ^ d e n ²zzzziziziXzXzG hh20JCJOJQJaJ h6h20JCJOJQJaJ hR> h20JCJOJQJaJh20JCJOJQJaJ h\9h20JCJOJQJaJh\9h25;OJQJh25;OJQJhogh25CJ OJQJaJ hpfh25CJ OJQJaJ hwh2B*OJQJphh2B*CJOJQJaJphhwh2CJOJQJaJ ls [\a аІtftfh."h25;OJQJ#h."h20JCJH*OJQJaJ h."h20JCJOJQJaJhR> h25;OJQJh25;OJQJhR> h25;CJaJ#hR> h20JCJH*OJQJaJ hR> h20JCJOJQJaJ hh20JCJOJQJaJh20JCJOJQJaJ! ]a*0&)28AJT $$Ifa$gd2K$ $Ifgd2 "I\ !()*,/069%ᆵq\)hh2@B*CJOJQJaJph,hh25@B*CJOJQJaJph,hh7h25@B*CJOJQJaJphhuh20J5;OJQJhuh2CJOJQJaJ huh20JCJOJQJaJ#h)h20JCJH*OJQJaJh20JCJOJQJaJ h)h20JCJOJQJaJ%&)2UZu|ǸocTA.%h:h2B*CJOJQJaJph%h:h2B*CJOJQJaJphhwh2CJOJQJaJh2CJOJQJaJhwh25CJOJQJaJ%h)h2B*CJOJQJaJph%hh2B*CJOJQJaJph%hch2B*CJOJQJaJphh #Uh2CJOJQJaJh #Uh25CJOJQJaJ%h h2B*CJOJQJaJph)h4Fh2@B* CJOJQJaJph `TUkdg$IfK$L$T?r] eXXXXX  t204ap2yt2TUZ`gntu=kdf$IfK$L$T?r] eXXXXX t04ayt2T $$Ifa$gd2K$u|=kd$IfK$L$TPr] eXXXXX t04ayt2T $$Ifa$gd2K$=kdv$IfK$L$T?r] eXXXXX t04ayt2T $$Ifa$gd2K$ $$Ifa$gd2K$kd $IfK$L$T?r] eXXXXX  t204ap2yt2T$0$If^`0a$gd2K$ $$Ifa$gd2K$\12KB666 $$Ifa$gd2 $Ifgd2kd $IfK$L$Tr] eXXXXX t04ayt2T"/GMQT[\134ٶɣ{bI:$+hwh256B*CJOJQJaJphhwh2CJ OJQJaJ 0h!-7h2@B*CJOJQJ]^JaJph0h3h2@B*CJOJQJ]^JaJph%h:yh2B*CJOJQJaJph(hh2B*CJH*OJQJaJph%hh2B*CJOJQJaJph%h;Hh2B*CJOJQJaJphh2B*CJOJQJaJph%h h2B*CJOJQJaJph%h h2B*CJOJQJaJph 234-.maaa $$Ifa$gd2kd$$If0%a  t0h&44 lapyt24-/12hi####ŭzeP>P#h2B*CJOJQJ^JaJph)hwh2B*CJOJQJ^JaJph)h=u-h2B*CJOJQJ^JaJphhFSB*CJOJQJaJphh2B*CJOJQJaJph%hwh2B*CJOJQJaJph.jhwh2B*CJOJQJUaJphhJzh2B*OJQJph(hwh25B*CJOJQJaJph+hwh256B*CJOJQJaJph./0 $Ifgd2tkdR$$If%h&  t 0h&44 lap yt201####$d$$%h%%5&|||$1$7$8$H$Ifgd2 $Ifgd2kkd$$If%h& t0h&44 lap yt2#######$$ $ $$$Y$Z$c$d$h$įwddO:Ě)h]h2B*CJOJQJ^JaJph)h."h2B*CJOJQJ^JaJph%hh2B*CJOJQJ^Jph%hBjh2B*CJOJQJ^Jphh2B*CJOJQJ^Jph)h[xJh2B*CJOJQJ^JaJph)h\9h2B*CJOJQJ^JaJph#h2B*CJOJQJ^JaJph)h)Xh2B*CJOJQJ^JaJph'hwh25B*OJQJ\^Jphh$$$$$$$$$$$$$%%%?%J%U%]%_%f%g%h%w%%%%%%%%& &&"&*&,&3&5&D&o&s&~&&&&&&&&&&&'''ɶɶɶɣɶɶɶɣɶɶɣɶɶɶɣɶɶɶɣɶɶɣ%h:wh2B*CJOJQJ^Jph%h-vth2B*CJOJQJ^Jph%hiIh2B*CJOJQJ^Jphh2B*CJOJQJ^Jph%hh2B*CJOJQJ^Jph%h&_h2B*CJOJQJ^Jph85&&'i''6(()))mkd$$IfC,%h& t0h&44 lap yt2 $Ifgd2 ''@'K'V'_'`'g'h'x'''''''''''(#(,(:(((( ))))ɶܣ}ta%h%+>h2B*CJOJQJ^Jphh2mHnHu%hwh2B*CJOJQJ^Jph%hsh2B*CJOJQJ^Jph%hy5oh2B*CJOJQJ^Jph%hHh2B*CJOJQJ^Jph%h-vth2B*CJOJQJ^Jphh2B*CJOJQJ^Jph%huh2B*CJOJQJ^Jph)))) )")#)%)&)()))*)+)gd2kkd$$If%h& t0h&44 lap yt2 )))) )!)#)$)&)')*)+)hdjhdUhckh2OJQJ%h7h2B*CJOJQJaJph 21h:p2/ =!"0#$% $$If!vh#vh&:V t0h&5h&/  p yt2O$IfK$L$!vh#vF%:V B t,5F%p yt2$$If!vh#vh&:V  t 0h&5h&p yt2$IfK$L$!vh#vX:V ?  t20,5X4 p2yt2T$IfK$L$!vh#vX:V ? t0,5X4 yt2T$IfK$L$!vh#vX:V P t0,5X4 yt2T$IfK$L$!vh#vX:V ? t0,5X/ 4 yt2T$IfK$L$!vh#vX:V ?  t20,5X4 p2yt2T$IfK$L$!vh#vX:V  t0,5X4 yt2T$$If!vh#va#v:V  t0h&5a5/ pyt2$$If!vh#vh&:V  t 0h&5h&/ p yt2$$If!vh#vh&:V t0h&5h&/ / p yt2$$If!vh#vh&:V C, t0h&5h&/ p yt2$$If!vh#vh&:V t0h&5h&/ p yt2 uhH00HP`p2( 0@P`p 0@P`p 0@P`p 0@P`p 0@P`p 0@P`p8XV~8XV~ 0@ 0@ 0@ 0@ 0@ 0@ 0@ 0@ 0@ 0@ 0@ 0@ 0@ 0@66_HmH nH sH tH @`@ JNormalCJ_HaJmH sH tH DA D Default Paragraph FontRi@R 0 Table Normal4 l4a (k ( 0No List jj : Table Grid7:V06U 6 PQ Hyperlink >*B*phHH  Balloon TextCJOJQJ^JaJN/!N  Balloon Text CharCJOJQJ^JaJF^2F <9H0 Normal (Web)d[$d\$PJ4B4 :Header H$6/Q6 : Header CharCJaJ4 b4 :Footer H$6/q6 : Footer CharCJaJ / 4capso tIst/ G]bt4/4 Kfocusparagraph*W * Nq`Strong5\.X . d@Emphasis6]RBR : Body Textd\7$8$H$CJ(OJPJQJH/H :Body Text CharCJ(OJPJQJaJPK![Content_Types].xmlN0EH-J@%ǎǢ|ș$زULTB l,3;rØJB+$G]7O٭VGRU1a$N% ʣꂣKЛjVkUDRKQj/dR*SxMPsʧJ5$4vq^WCʽ D{>̳`3REB=꽻Ut Qy@֐\.X7<:+& 0h @>nƭBVq1u`X=:tڣf{Xx {dV=|kPo۵(h[x )IеnW[@;0PDbRy( "IROnVxCD' bJZ65I[adH+^D )>s=h ۟~7zWo^=[Qr||[?|̦ o{O=4?}}L$Xx%@|Ư'11%i$P,c[GD7sH5. 4kIƉZKTPBM HN7|nB#L7^`!\29pCH3nMb#$.'19b%+vJ~.!DI;DPz l 2I ͚;|y3+~Dؕjw0e1vdǪzO^I57y+d8bnv 4?6CK\M#= ċ(0'1 zxpWc/_X4/A_[)^&(fp[_NiK7@wd5= I?>_q샏[ꚝΡdrv5CojFh>PG3mOs=͡|7n;:N&?\8Lټ@_<}9H}]Ru Vx~p{3AsP~\v!cZ 6JOw׃SB HfЖ gpj*4nR2BM} rfw[BfV= vͅh7/sɳ ̲B3뤓eH=J_:hn$O\ʧFn;/x.M#+d,W87+IwOťwF) uepwPϬ pV$2v Sv(C8L\~+l`k& Y iTU#p~XHYHeʹ,fͰ-;Y7XmM 9ͬYMm*/稺W(r2bUGڱ]]HYUcF8U~ۍZZnJmi}kn^l +!h |L J %4#h$')+) )+./13i| TUu2.05&)+)!"#$%&'(*,-021h+!;8@0(  B S  ?#co!,!!z:l9n;m : !,!3333333333333:h//11i!!!,!T^`OJQJo(hH8^8`OJQJo(hH^`OJQJo(hHo p^ `OJ QJ o(hH @ ^ `OJ QJ o(hHx^x`OJQJo(hHH^H`OJQJo(hHo^`OJ QJ o(hH^`OJ QJ o(hH"6=l{&SE|@O,> m[=liKR' # Fn \!`u!)}Vi"d""E z$bN$QN%_R'&J'C'paa0'6("1(>(O(){XU)*):)@)=l7Y4*j P'!,U^K-oa\-Whr;-k-r$-K-.lT.R.}2eb+.b/0`c>xK?|U?=9@G@6(<+@Whr6bB?9BMQBXbCp%xCt|C07Cg?Do:=[D]D2wz7EA lE9\E FeeF{ F=lTFQ^G30G#x:Z H4Id`J'!,KJ[{L_RWILiLRLzL7MtM*6NH%rNiOj PKP=lx>Q+PQb*RpaacARW=UF^U$VlVr$-\rV%-W9YWoW"XsRY<YO()fZ6PHZ`Z)[G_C[q'I\{ (]?]UI]v@^q^ A5_e+8_Z H*;_HI_$`_ _b_}_>_&n4`b`paa7j~RcfMcScJeq^25e>e}2ekfsbgZX|g[egfbhiLi2 j?jM62kmlx?@ABCDEFGHIJKLMNOPQRSTUVWXY[\]^_`acdefghilRoot Entry FT˗nData 51Table=9WordDocument4hSummaryInformation(ZDocumentSummaryInformation8bCompObjr  F Microsoft Word 97-2003 Document MSWordDocWord.Document.89q