As we end the second month of the trading year let’s take a look at the numbers.
The S&P 500 is up 2.5% year to date.
The NASDAQ is up 5.32%.
The MSCI International index is up 6.95%.
The second reading of Gross Domestic Products for the last quarter of 2014 was revised down to 2.2%. About what was expected. For all of 2014 the economy grew by 2.45%. (Bloomberg)
Confidence in the U.S. economy among chief financial officers has moved up sharply in the span of just a few weeks. Twenty-five percent of U.S.-based CFOs believe the U.S. economy is strongly improving. (CNBC)
Saturday will be the release of the 50th edition of Warren Buffett’s annual letter to shareholders. You can join Tyler in being one of the first readers by going to http://www.berkshirehathaway.com/ (Reuters)
New research shows that more than half of Americans are unprepared for financial emergencies and either spend more than they make or break even. Meanwhile, a third says they have no savings. (CNBC)
Join us Saturday at 10 for Financial Focus Radio when Tyler and I will give you a double helping of information from our wealth building buffet.
The S&P 500 is down 2 and the NASDAQ is down 5. The MSCI International Index was up 0.10% yesterday.
Oil is up 96 cents at $49.11 a barrel. Whether U.S. crude can avoid its eighth straight monthly drop comes down to today's trading. The number to watch is $48.24 per barrel. (Reuters)