The Montgomery Financial Group, Inc. Presents:






“Remember that there is nothing stable in human affairs; therefore avoid undue elation in prosperity, or undue depression in adversity.”


– Socrates





Ideally, a college student should have just one credit card with a reasonable interest rate, a good rewards program, and no annual fee.





What force and strength cannot get through, it with gentle touch can do. People in many halls would stand were it not in their hand. What is it?



Last week’s riddle:

I am a port city in Canada, a state in southeast Australia, a big lake in Africa, and a renowned queen. What is my name?


Last week’s answer:






August 31, 2015



After the record 1,000-point plunge the Dow Jones Industrial Average took Monday morning, all three major U.S. benchmarks ended up falling below correction levels – but then an impressive recovery began. Bargain-hunters, an interest rate cut by China’s central bank, and a surge in gasoline and oil prices helped turn things around, and the big three all managed weekly gains. The S&P 500 rose 0.89% for the week to 1,988.87, the Nasdaq advanced 0.32% to 4,828.33, and the Dow added 1.10% to reach 16,643.01. WTI crude had its best week since 2009, climbing 11.8% to a NYMEX close of $45.22 Friday.1,2



Personal spending improved 0.3% in July, matching the June increase. Commerce Department data also showed personal incomes rising 0.4% for a fourth straight month. The Conference Board’s consumer confidence index jumped 10.5 points to a 101.5 reading for August; the University of Michigan’s final August consumer sentiment index declined just a point from its initial reading to 91.9.2,3



New home buying increased 5.4% in July, the Commerce Department stated last week; the median new home price was up 2.0% year-over-year. Existing home prices (as measured by the 20-city S&P/Case-Shiller home price index) were up 5.0% annually through June. The National Association of Realtors noted a 0.5% rise for its pending home sales index in July, taking its annual advance to 7.4%.4,5



The BEA’s second estimate of Q2 GDP was 1.4% higher than its first, reflecting reassessments of government and personal spending, business investment and inventories. Orders for capital goods also surprised to the upside last week: they rose 2.0% overall in July, 0.6% minus transportation orders.3,5


THIS WEEK: On Monday, China releases its official factory and service sector PMIs for August. ISM issues its August manufacturing PMI on Tuesday, which is also when Bob Evans, Dollar Tree, and H&R Block report earnings. On Wednesday, Wall Street looks at ADP’s August employment change report, July factory orders data, a new Federal Reserve Beige Book, and Q2 results from Five Below and Navistar. Thursday, ISM’s August service sector PMI and the latest Challenger job cuts report accompany new initial claims figures and earnings from Campbell Soup, Lands’ End, and VeriFone. The August Labor Department jobs report arrives Friday.


DJIA -6.62 -2.56 +12.79 +5.91
NASDAQ +1.95 +5.94 +24.84 +12.59
S&P 500 -3.40 -0.39 +17.36 +6.41
10 YR TIPS 0.58% 0.23% 1.05% 1.79%

Sources:,, – 8/28/156,7,8,9

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.



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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. The Dow Jones Industrial Average is a price-weighted index of 30 actively traded blue-chip stocks. The NASDAQ Composite Index is an unmanaged, 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 an unmanaged group of securities considered to be representative of the stock market in general. It is not possible to invest directly in an index. 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. Past performance is no guarantee of future results.  Investments will fluctuate and when redeemed may be worth more or less than when originally invested. All economic and performance data is historical and not indicative of future results. Market indices discussed are unmanaged. Investors cannot invest in unmanaged indices. 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.



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