ECONOMIC AND FINANCIAL INDICATORS â JANUARY 2008
ECONOMIC AND FINANCIAL INDICATORS – JANUARY 2008
Global Economic Outlook
Business Spending
Corporate Profits
US Economic Outlook
Bank Credit
Monetary Policy
Consumer / Investor Outlook
Personal Consumption/ Retail Sales
Job Creation
Housing/Mortgages
Disposable Personal Income/Wages
Interest Rates/ Fixed Income
Inflation
Energy/Oil Costs
Tax Policy
Equity Market Valuation
Company Guidance
HF Univ:Vol/Corr
Geopolitical Stability
Foreign Funding of US Trade Deficit
Indicators Reflect Forecasts of a 3 to 6 Month Time Horizon When speedometer reflects two arrows, this indicates a change from the current month to the prior month. When speedometer reflects one arrow, this indicates that no change occurred.
2
ECONOMIC AND FINANCIAL INDICATORS – FEBRUARY 2008
Global Economic Outlook
Business Spending
Corporate Profits
US Economic Outlook
Bank Credit
Monetary Policy
Consumer / Investor Outlook
Personal Consumption/ Retail Sales
Job Creation
Housing/Mortgages
Disposable Personal Income/Wages
Interest Rates/ Fixed Income
Inflation
Energy/Oil Costs
Tax Policy
Equity Market Valuation
Company Guidance
HF Univ:Vol/Corr
Geopolitical Stability
Foreign Funding of US Trade Deficit
Indicators Reflect Forecasts of a 3 to 6 Month Time Horizon When speedometer reflects two arrows, this indicates a change from the current month to the prior month. When speedometer reflects one arrow, this indicates that no change occurred.
3
ECONOMIC AND FINANCIAL INDICATORS – MARCH 2008
Global Economic Outlook
ECRI Leading Index
Corporate Profits
US Economic Outlook
Credit Crunch
Monetary Policy
Disposable Personal Income/Wages
Personal Consumption/ Retail Sales
Job Creation
Housing/Mortgages
Equity Market Valuation
Interest Rates/ Fixed Income
Business Spending
ISM Surveys Trend
Energy/Oil Costs
Inflation
Company Guidance
Consumer / Investor Outlook
Volatility Levels
Tax Policy
Indicators Reflect Forecasts of a 3 to 6 Month Time Horizon When speedometer reflects two arrows, this indicates a change from the current month to the prior month. When speedometer reflects one arrow, this indicates that no change occurred.
4
ECONOMIC AND FINANCIAL INDICATORS – APRIL 2008
Global Economic Outlook
Corporate Profits
ECRI Leading Index
US Economic Outlook
Credit Crunch
Monetary Policy
Disposable Personal Income/Wages
Consumer / Investor Outlook
Job Creation
Housing/Mortgages
Equity Market Valuation
Interest Rates/ Fixed Income
Personal Consumption/ Retail Sales
ISM Surveys Trend
Energy/Oil Costs
Inflation
Company Guidance
Business Spending
Volatility Levels
Tax Policy
Indicators Reflect Forecasts of a 3 to 6 Month Time Horizon When speedometer reflects two arrows, this indicates a change from the current month to the prior month. When speedometer reflects one arrow, this indicates that no change occurred.
5
ECONOMIC AND FINANCIAL INDICATORS – MAY 2008
Global Economic Outlook
Corporate Profits
ECRI Leading Index
US Economic Outlook
Credit Crunch
Monetary Policy
Disposable Personal Income/Wages
ISM Surveys Trend
Job Creation
Housing/Mortgages
Equity Market Valuation
Interest Rates/ Fixed Income
Personal Consumption/ Retail Sales
Consumer / Investor Outlook
Energy/Oil Costs
Inflation
Company Guidance
Business Spending
Volatility Levels
Tax Policy
Indicators Reflect Forecasts of a 3 to 6 Month Time Horizon When speedometer reflects two arrows, this indicates a change from the current month to the prior month. When speedometer reflects one arrow, this indicates that no change occurred.
6
ECONOMIC AND FINANCIAL INDICATORS – JUNE 2008
Global Economic Outlook
Corporate Profits
ECRI Leading Index
US Economic Outlook
Credit Crunch
Monetary Policy
Disposable Personal Income/Wages
ISM Surveys Trend
Job Creation
Housing/Mortgages
Equity Market Valuation
Interest Rates/ Fixed Income
Personal Consumption/ Retail Sales
Consumer / Investor Outlook
Energy/Oil Costs
Inflation
Company Guidance
Business Spending
Volatility Levels
Tax Policy
Indicators Reflect Forecasts of a 3 to 6 Month Time Horizon When speedometer reflects two arrows, this indicates a change from the current month to the prior month. When speedometer reflects one arrow, this indicates that no change occurred.
7
ECONOMIC AND FINANCIAL INDICATORS – JULY 2008
Global Economic Outlook
US Economic Outlook
Monetary Policy
ECRI Leading Index
Credit Crunch
Equity Market Valuation
Disposable Personal Income/Wages
Corporate Profits
Job Creation
Housing/Mortgages
ISM Surveys Trend
Interest Rates/ Fixed Income
Personal Consumption/ Retail Sales
Consumer / Investor Outlook
Energy/Oil Costs
Inflation
Company Guidance
Business Spending
Volatility Levels
Tax Policy
Indicators Reflect Forecasts of a 3 to 6 Month Time Horizon When speedometer reflects two arrows, this indicates a change from the current month to the prior month. When speedometer reflects one arrow, this indicates that no change occurred.
8
ECONOMIC AND FINANCIAL INDICATORS – AUGUST 2008
Global Economic Outlook
US Economic Outlook
Personal Consumption/ Retail Sales
ECRI Leading Index
Credit Crunch
Equity Market Valuation
Monetary Policy
Disposable Personal Income/Wages
Job Creation
Housing/Mortgages
ISM Surveys Trend
Interest Rates/ Fixed Income
Corporate Profits
Consumer / Investor Outlook
Energy/Oil Costs
Inflation
Company Guidance
Business Spending
Volatility Levels
Tax Policy
Indicators Reflect Forecasts of a 3 to 6 Month Time Horizon When speedometer reflects two arrows, this indicates a change from the current month to the prior month. When speedometer reflects one arrow, this indicates that no change occurred.
9
ECONOMIC AND FINANCIAL INDICATORS – SEPTEMBER 2008
Equity Market Valuation Global Economic Outlook US Economic Outlook
ECRI Leading Index
Credit Crunch
Monetary Policy
Corporate Profits
Personal Consumption/ Retail Sales
Job Creation
Housing/Mortgages
ISM Surveys Trend
Interest Rates/ Fixed Income
Disposable Personal Income/Wages
Consumer / Investor Outlook
Energy/Oil Costs
Inflation
Company Guidance
Business Spending
Volatility Levels
Tax Policy
Indicators Reflect Forecasts of a 3 to 6 Month Time Horizon When speedometer reflects two arrows, this indicates a change from the current month to the prior month. When speedometer reflects one arrow, this indicates that no change occurred.
10
ECONOMIC AND FINANCIAL INDICATORS – OCTOBER 2008
Equity Market Valuation Global Economic Outlook
US Economic Outlook
ECRI Leading Index
Credit Crunch
Monetary Policy
Corporate Profits
Personal Consumption/ Retail Sales
Job Creation
Housing/Mortgages
ISM Surveys Trend
Business Spending
Disposable Personal Income/Wages
Consumer / Investor Outlook
Energy/Oil Costs
Company Guidance
Volatility Levels
Tax Policy
Inflation
Interest Rates/ Fixed Income
Indicators Reflect Forecasts of a 3 to 6 Month Time Horizon When speedometer reflects two arrows, this indicates a change from the current month to the prior month. When speedometer reflects one arrow, this indicates that no change occurred.
11
ECONOMIC AND FINANCIAL INDICATORS – NOVEMBER 2008
Equity Market Valuation Global Economic Outlook US Economic Outlook
ECRI Leading Index
Credit Crunch
Monetary Policy
Job Creation
Disposable Personal Income/Wages
Personal Consumption/ Retail Sales
Housing/Mortgages
ISM Surveys Trend
Energy/Oil Costs
Corporate Profits
Business Spending
Consumer / Investor Outlook
Inflation
Interest Rates/ Fixed Income
Volatility Levels
Company Guidance
Tax Policy
Indicators Reflect Forecasts of a 3 to 6 Month Time Horizon When speedometer reflects two arrows, this indicates a change from the current month to the prior month. When speedometer reflects one arrow, this indicates that no change occurred.
12
ECONOMIC AND FINANCIAL INDICATORS – DECEMBER 2008
Equity Market Valuation Global Economic Outlook
US Economic Outlook
ECRI Leading Index
Credit Crunch
Monetary Policy
Job Creation
Disposable Personal Income/Wages
Personal Consumption/ Retail Sales
Housing/Mortgages
Interest Rates/ Fixed Income
ISM Surveys Trend
Corporate Profits
Business Spending
Consumer / Investor Outlook
Inflation
Energy/Oil Costs
Volatility Levels
Company Guidance
Tax Policy
Indicators Reflect Forecasts of a 3 to 6 Month Time Horizon When speedometer reflects two arrows, this indicates a change from the current month to the prior month. When speedometer reflects one arrow, this indicates that no change occurred.
13
IMPORTANT DISCLOSURES The information presented does not involve the rendering of personalized investment, financial, legal or tax advice. This presentation is not an offer to buy or sell, or a solicitation of any offer to buy or sell any of the securities mentioned herein. Certain statements contained herein may constitute projections, forecasts and other forward looking statements, which do not reflect actual results and are based primarily upon a hypothetical set of assumptions applied to certain historical financial information. Certain information has been provided by third-party sources and, although believed to be reliable, it has not been independently verified and its accuracy or completeness cannot be guaranteed. Any opinions, projections, forecasts, and forward-looking statements presented herein are valid as of the date of this document and are subject to change. There are no guarantees that these results will be achieved. The indicators reflect forecasts of a 3 to 6 month time horizon. The colors of each indicator, as well as the direction of the arrows represent our positive/negative/neutral view for each indicator. Thus, arrows directed towards the (+) sign represents a positive view which in turn makes it green. Arrows directed towards the (-) sign represents a negative view which in turn makes it red. Arrows that land in the middle of the indicator, in line with the (0), represents a neutral view which in turn makes it yellow. All of these indicators combined affect City National Rochdale’s overall outlook of the economy.
Past performance is not a guarantee of future results.
Barbara L. Klenovich, CFP | 4456 S. Whispering Circle | Colorado Springs, CO 80917 | (719) 550-4150 Securities, insurance, and advisory services offered through FSC Securities Corporation, member FINRA/SIPC | Tax Preparation offered through Barbara L. Klenovich are independent of FSC Securities Corporation City National Rochdale Investment Management is not affiliated with FSC Securities Corporation
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Global Economic Outlook
Business Spending
Corporate Profits
US Economic Outlook
Bank Credit
Monetary Policy
Consumer / Investor Outlook
Personal Consumption/ Retail Sales
Job Creation
Housing/Mortgages
Disposable Personal Income/Wages
Interest Rates/ Fixed Income
Inflation
Energy/Oil Costs
Tax Policy
Equity Market Valuation
Company Guidance
HF Univ:Vol/Corr
Geopolitical Stability
Foreign Funding of US Trade Deficit
Indicators Reflect Forecasts of a 3 to 6 Month Time Horizon When speedometer reflects two arrows, this indicates a change from the current month to the prior month. When speedometer reflects one arrow, this indicates that no change occurred.
2
ECONOMIC AND FINANCIAL INDICATORS – FEBRUARY 2008
Global Economic Outlook
Business Spending
Corporate Profits
US Economic Outlook
Bank Credit
Monetary Policy
Consumer / Investor Outlook
Personal Consumption/ Retail Sales
Job Creation
Housing/Mortgages
Disposable Personal Income/Wages
Interest Rates/ Fixed Income
Inflation
Energy/Oil Costs
Tax Policy
Equity Market Valuation
Company Guidance
HF Univ:Vol/Corr
Geopolitical Stability
Foreign Funding of US Trade Deficit
Indicators Reflect Forecasts of a 3 to 6 Month Time Horizon When speedometer reflects two arrows, this indicates a change from the current month to the prior month. When speedometer reflects one arrow, this indicates that no change occurred.
3
ECONOMIC AND FINANCIAL INDICATORS – MARCH 2008
Global Economic Outlook
ECRI Leading Index
Corporate Profits
US Economic Outlook
Credit Crunch
Monetary Policy
Disposable Personal Income/Wages
Personal Consumption/ Retail Sales
Job Creation
Housing/Mortgages
Equity Market Valuation
Interest Rates/ Fixed Income
Business Spending
ISM Surveys Trend
Energy/Oil Costs
Inflation
Company Guidance
Consumer / Investor Outlook
Volatility Levels
Tax Policy
Indicators Reflect Forecasts of a 3 to 6 Month Time Horizon When speedometer reflects two arrows, this indicates a change from the current month to the prior month. When speedometer reflects one arrow, this indicates that no change occurred.
4
ECONOMIC AND FINANCIAL INDICATORS – APRIL 2008
Global Economic Outlook
Corporate Profits
ECRI Leading Index
US Economic Outlook
Credit Crunch
Monetary Policy
Disposable Personal Income/Wages
Consumer / Investor Outlook
Job Creation
Housing/Mortgages
Equity Market Valuation
Interest Rates/ Fixed Income
Personal Consumption/ Retail Sales
ISM Surveys Trend
Energy/Oil Costs
Inflation
Company Guidance
Business Spending
Volatility Levels
Tax Policy
Indicators Reflect Forecasts of a 3 to 6 Month Time Horizon When speedometer reflects two arrows, this indicates a change from the current month to the prior month. When speedometer reflects one arrow, this indicates that no change occurred.
5
ECONOMIC AND FINANCIAL INDICATORS – MAY 2008
Global Economic Outlook
Corporate Profits
ECRI Leading Index
US Economic Outlook
Credit Crunch
Monetary Policy
Disposable Personal Income/Wages
ISM Surveys Trend
Job Creation
Housing/Mortgages
Equity Market Valuation
Interest Rates/ Fixed Income
Personal Consumption/ Retail Sales
Consumer / Investor Outlook
Energy/Oil Costs
Inflation
Company Guidance
Business Spending
Volatility Levels
Tax Policy
Indicators Reflect Forecasts of a 3 to 6 Month Time Horizon When speedometer reflects two arrows, this indicates a change from the current month to the prior month. When speedometer reflects one arrow, this indicates that no change occurred.
6
ECONOMIC AND FINANCIAL INDICATORS – JUNE 2008
Global Economic Outlook
Corporate Profits
ECRI Leading Index
US Economic Outlook
Credit Crunch
Monetary Policy
Disposable Personal Income/Wages
ISM Surveys Trend
Job Creation
Housing/Mortgages
Equity Market Valuation
Interest Rates/ Fixed Income
Personal Consumption/ Retail Sales
Consumer / Investor Outlook
Energy/Oil Costs
Inflation
Company Guidance
Business Spending
Volatility Levels
Tax Policy
Indicators Reflect Forecasts of a 3 to 6 Month Time Horizon When speedometer reflects two arrows, this indicates a change from the current month to the prior month. When speedometer reflects one arrow, this indicates that no change occurred.
7
ECONOMIC AND FINANCIAL INDICATORS – JULY 2008
Global Economic Outlook
US Economic Outlook
Monetary Policy
ECRI Leading Index
Credit Crunch
Equity Market Valuation
Disposable Personal Income/Wages
Corporate Profits
Job Creation
Housing/Mortgages
ISM Surveys Trend
Interest Rates/ Fixed Income
Personal Consumption/ Retail Sales
Consumer / Investor Outlook
Energy/Oil Costs
Inflation
Company Guidance
Business Spending
Volatility Levels
Tax Policy
Indicators Reflect Forecasts of a 3 to 6 Month Time Horizon When speedometer reflects two arrows, this indicates a change from the current month to the prior month. When speedometer reflects one arrow, this indicates that no change occurred.
8
ECONOMIC AND FINANCIAL INDICATORS – AUGUST 2008
Global Economic Outlook
US Economic Outlook
Personal Consumption/ Retail Sales
ECRI Leading Index
Credit Crunch
Equity Market Valuation
Monetary Policy
Disposable Personal Income/Wages
Job Creation
Housing/Mortgages
ISM Surveys Trend
Interest Rates/ Fixed Income
Corporate Profits
Consumer / Investor Outlook
Energy/Oil Costs
Inflation
Company Guidance
Business Spending
Volatility Levels
Tax Policy
Indicators Reflect Forecasts of a 3 to 6 Month Time Horizon When speedometer reflects two arrows, this indicates a change from the current month to the prior month. When speedometer reflects one arrow, this indicates that no change occurred.
9
ECONOMIC AND FINANCIAL INDICATORS – SEPTEMBER 2008
Equity Market Valuation Global Economic Outlook US Economic Outlook
ECRI Leading Index
Credit Crunch
Monetary Policy
Corporate Profits
Personal Consumption/ Retail Sales
Job Creation
Housing/Mortgages
ISM Surveys Trend
Interest Rates/ Fixed Income
Disposable Personal Income/Wages
Consumer / Investor Outlook
Energy/Oil Costs
Inflation
Company Guidance
Business Spending
Volatility Levels
Tax Policy
Indicators Reflect Forecasts of a 3 to 6 Month Time Horizon When speedometer reflects two arrows, this indicates a change from the current month to the prior month. When speedometer reflects one arrow, this indicates that no change occurred.
10
ECONOMIC AND FINANCIAL INDICATORS – OCTOBER 2008
Equity Market Valuation Global Economic Outlook
US Economic Outlook
ECRI Leading Index
Credit Crunch
Monetary Policy
Corporate Profits
Personal Consumption/ Retail Sales
Job Creation
Housing/Mortgages
ISM Surveys Trend
Business Spending
Disposable Personal Income/Wages
Consumer / Investor Outlook
Energy/Oil Costs
Company Guidance
Volatility Levels
Tax Policy
Inflation
Interest Rates/ Fixed Income
Indicators Reflect Forecasts of a 3 to 6 Month Time Horizon When speedometer reflects two arrows, this indicates a change from the current month to the prior month. When speedometer reflects one arrow, this indicates that no change occurred.
11
ECONOMIC AND FINANCIAL INDICATORS – NOVEMBER 2008
Equity Market Valuation Global Economic Outlook US Economic Outlook
ECRI Leading Index
Credit Crunch
Monetary Policy
Job Creation
Disposable Personal Income/Wages
Personal Consumption/ Retail Sales
Housing/Mortgages
ISM Surveys Trend
Energy/Oil Costs
Corporate Profits
Business Spending
Consumer / Investor Outlook
Inflation
Interest Rates/ Fixed Income
Volatility Levels
Company Guidance
Tax Policy
Indicators Reflect Forecasts of a 3 to 6 Month Time Horizon When speedometer reflects two arrows, this indicates a change from the current month to the prior month. When speedometer reflects one arrow, this indicates that no change occurred.
12
ECONOMIC AND FINANCIAL INDICATORS – DECEMBER 2008
Equity Market Valuation Global Economic Outlook
US Economic Outlook
ECRI Leading Index
Credit Crunch
Monetary Policy
Job Creation
Disposable Personal Income/Wages
Personal Consumption/ Retail Sales
Housing/Mortgages
Interest Rates/ Fixed Income
ISM Surveys Trend
Corporate Profits
Business Spending
Consumer / Investor Outlook
Inflation
Energy/Oil Costs
Volatility Levels
Company Guidance
Tax Policy
Indicators Reflect Forecasts of a 3 to 6 Month Time Horizon When speedometer reflects two arrows, this indicates a change from the current month to the prior month. When speedometer reflects one arrow, this indicates that no change occurred.
13
IMPORTANT DISCLOSURES The information presented does not involve the rendering of personalized investment, financial, legal or tax advice. This presentation is not an offer to buy or sell, or a solicitation of any offer to buy or sell any of the securities mentioned herein. Certain statements contained herein may constitute projections, forecasts and other forward looking statements, which do not reflect actual results and are based primarily upon a hypothetical set of assumptions applied to certain historical financial information. Certain information has been provided by third-party sources and, although believed to be reliable, it has not been independently verified and its accuracy or completeness cannot be guaranteed. Any opinions, projections, forecasts, and forward-looking statements presented herein are valid as of the date of this document and are subject to change. There are no guarantees that these results will be achieved. The indicators reflect forecasts of a 3 to 6 month time horizon. The colors of each indicator, as well as the direction of the arrows represent our positive/negative/neutral view for each indicator. Thus, arrows directed towards the (+) sign represents a positive view which in turn makes it green. Arrows directed towards the (-) sign represents a negative view which in turn makes it red. Arrows that land in the middle of the indicator, in line with the (0), represents a neutral view which in turn makes it yellow. All of these indicators combined affect City National Rochdale’s overall outlook of the economy.
Past performance is not a guarantee of future results.
Barbara L. Klenovich, CFP | 4456 S. Whispering Circle | Colorado Springs, CO 80917 | (719) 550-4150 Securities, insurance, and advisory services offered through FSC Securities Corporation, member FINRA/SIPC | Tax Preparation offered through Barbara L. Klenovich are independent of FSC Securities Corporation City National Rochdale Investment Management is not affiliated with FSC Securities Corporation
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