ECONOMIC AND FINANCIAL INDICATORS â JANUARY 2009
ECONOMIC AND FINANCIAL INDICATORS – JANUARY 2009
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
Energy/Oil Costs
Inflation
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.
14
ECONOMIC AND FINANCIAL INDICATORS – FEBRUARY 2009
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
Fiscal Policy
Interest Rates/ Fixed Income
ISM Surveys Trend
Corporate Profits
Business Spending
Energy/Oil Costs
Inflation
Volatility Levels
Company Guidance
Consumer / Investor Outlook
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.
15
ECONOMIC AND FINANCIAL INDICATORS – MARCH 2009
Monetary Policy
Global Economic Outlook
US Economic Outlook
ECRI Leading Index
Credit Crunch
Fiscal Policy
Job Creation
Disposable Personal Income/Wages
Personal Consumption/ Retail Sales
Housing/Mortgages
Energy/Oil Costs
Equity Market Valuation
ISM Surveys Trend
Corporate Profits
Business Spending
Interest Rates/ Fixed Income
Inflation
Volatility Levels
Company Guidance
Consumer / Investor Outlook
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.
16
ECONOMIC AND FINANCIAL INDICATORS – APRIL 2009
Monetary Policy
Global Economic Outlook
US Economic Outlook
Job Creation
Credit Crunch
Fiscal Policy
ECRI Leading Index
Disposable Personal Income/Wages
Personal Consumption/ Retail Sales
Housing/Mortgages
Energy/Oil Costs
Equity Market Valuation
ISM Surveys Trend
Corporate Profits
Business Spending
Interest Rates/ Fixed Income
Inflation
Volatility Levels
Company Guidance
Consumer / Investor Outlook
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.
17
ECONOMIC AND FINANCIAL INDICATORS – MAY 2009
Monetary Policy
US Economic Outlook
Personal Consumption/ Retail Sales
Job Creation
Credit Crunch
Fiscal Policy
ECRI Leading Index
Housing/Mortgages
Global Economic Outlook
Disposable Personal Income/Wages
Energy/Oil Costs
Inflation
Business Spending
Volatility Levels
ISM Surveys Trend
Corporate Profits
Company Guidance
Consumer / Investor Outlook
Interest Rates/ Fixed Income
Equity Market Valuation
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.
18
ECONOMIC AND FINANCIAL INDICATORS – JUNE 2009
Monetary Policy
US Economic Outlook
Fiscal Policy
ECRI Leading Index
Personal Consumption/ Global Economic Outlook Retail Sales
Job Creation
Housing/Mortgages
Disposable Personal Income/Wages
Credit Crunch
Energy/Oil Costs
Inflation
Business Spending
Consumer / Investor Outlook
Volatility Levels
Interest Rates/ Fixed Income
Equity Market Valuation
Corporate Profits
Company Guidance
ISM Surveys Trend
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.
19
ECONOMIC AND FINANCIAL INDICATORS – JULY 2009
Personal Consumption/ Global Economic Outlook Retail Sales
Monetary Policy
US Economic Outlook
Fiscal Policy
ECRI Leading Index
Housing/Mortgages
Disposable Personal Income/Wages
Credit Crunch
Inflation
Energy/Oil Costs
Business Spending
Consumer / Investor Outlook
Volatility Levels
Interest Rates/ Fixed Income
Equity Market Valuation
Corporate Profits
Company Guidance
ISM Surveys Trend
Labor Market
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.
20
ECONOMIC AND FINANCIAL INDICATORS – AUGUST 2009
Monetary Policy
US Economic Outlook
Personal Consumption/ Global Economic Outlook Retail Sales
Disposable Personal Income/Wages
Labor Market
Credit Crunch
ECRI Leading Index
Housing/Mortgages
Inflation
Company Guidance
Energy/Oil Costs
Business Spending
Consumer / Investor Outlook
Interest Rates/ Fixed Income
ISM Surveys Trend
Equity Market Valuation
Corporate Profits
Volatility Levels
Fiscal 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.
21
ECONOMIC AND FINANCIAL INDICATORS – SEPTEMBER 2009
Monetary Policy
US Economic Outlook
Global Economic Outlook
Labor Market
Disposable Personal Income/Wages
Fiscal Policy
ECRI Leading Index
Personal Consumption/ Retail Sales
Corporate Profits
Business Spending
Inflation
Housing/Mortgages
Consumer / Investor Outlook
Energy/Oil Costs
Credit Crunch
Interest Rates/ Fixed Income
ISM Surveys Trend
Company Guidance
Equity Market Valuation
Volatility Levels
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.
22
ECONOMIC AND FINANCIAL INDICATORS – OCTOBER 2009
Monetary Policy
US Economic Outlook
Global Economic Outlook
Labor Market
Disposable Personal Income/Wages
Fiscal Policy
ECRI Leading Index
Personal Consumption/ Retail Sales
Corporate Profits
Business Spending
Inflation
Housing/Mortgages
Consumer / Investor Outlook
Energy/Oil Costs
Credit Crunch
Interest Rates/ Fixed Income
ISM Surveys Trend
Company Guidance
Equity Market Valuation
Volatility Levels
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.
23
ECONOMIC AND FINANCIAL INDICATORS – NOVEMBER 2009
Monetary Policy
US Economic Outlook
Global Economic Outlook
Labor Market
Disposable Personal Income/Wages
Fiscal Policy
ECRI Leading Index
Corporate Profits
Personal Consumption/ Retail Sales
Energy/Oil Costs
Inflation
Housing/Mortgages
Consumer / Investor Outlook
Business Spending
Credit Crunch
Interest Rates/ Fixed Income
ISM Surveys Trend
Company Guidance
Equity Market Valuation
Volatility Levels
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.
24
ECONOMIC AND FINANCIAL INDICATORS – DECEMBER 2009
Monetary Policy
US Economic Outlook
Global Economic Outlook
Labor Market
Disposable Personal Income/Wages
Fiscal Policy
ECRI Leading Index
Corporate Profits
Personal Consumption/ Retail Sales
Energy/Oil Costs
Inflation
Housing/Mortgages
Consumer / Investor Outlook
Business Spending
Credit Crunch
Interest Rates/ Fixed Income
ISM Surveys Trend
Company Guidance
Equity Market Valuation
Volatility Levels
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.
25
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
3
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
Energy/Oil Costs
Inflation
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.
14
ECONOMIC AND FINANCIAL INDICATORS – FEBRUARY 2009
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
Fiscal Policy
Interest Rates/ Fixed Income
ISM Surveys Trend
Corporate Profits
Business Spending
Energy/Oil Costs
Inflation
Volatility Levels
Company Guidance
Consumer / Investor Outlook
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.
15
ECONOMIC AND FINANCIAL INDICATORS – MARCH 2009
Monetary Policy
Global Economic Outlook
US Economic Outlook
ECRI Leading Index
Credit Crunch
Fiscal Policy
Job Creation
Disposable Personal Income/Wages
Personal Consumption/ Retail Sales
Housing/Mortgages
Energy/Oil Costs
Equity Market Valuation
ISM Surveys Trend
Corporate Profits
Business Spending
Interest Rates/ Fixed Income
Inflation
Volatility Levels
Company Guidance
Consumer / Investor Outlook
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.
16
ECONOMIC AND FINANCIAL INDICATORS – APRIL 2009
Monetary Policy
Global Economic Outlook
US Economic Outlook
Job Creation
Credit Crunch
Fiscal Policy
ECRI Leading Index
Disposable Personal Income/Wages
Personal Consumption/ Retail Sales
Housing/Mortgages
Energy/Oil Costs
Equity Market Valuation
ISM Surveys Trend
Corporate Profits
Business Spending
Interest Rates/ Fixed Income
Inflation
Volatility Levels
Company Guidance
Consumer / Investor Outlook
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.
17
ECONOMIC AND FINANCIAL INDICATORS – MAY 2009
Monetary Policy
US Economic Outlook
Personal Consumption/ Retail Sales
Job Creation
Credit Crunch
Fiscal Policy
ECRI Leading Index
Housing/Mortgages
Global Economic Outlook
Disposable Personal Income/Wages
Energy/Oil Costs
Inflation
Business Spending
Volatility Levels
ISM Surveys Trend
Corporate Profits
Company Guidance
Consumer / Investor Outlook
Interest Rates/ Fixed Income
Equity Market Valuation
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.
18
ECONOMIC AND FINANCIAL INDICATORS – JUNE 2009
Monetary Policy
US Economic Outlook
Fiscal Policy
ECRI Leading Index
Personal Consumption/ Global Economic Outlook Retail Sales
Job Creation
Housing/Mortgages
Disposable Personal Income/Wages
Credit Crunch
Energy/Oil Costs
Inflation
Business Spending
Consumer / Investor Outlook
Volatility Levels
Interest Rates/ Fixed Income
Equity Market Valuation
Corporate Profits
Company Guidance
ISM Surveys Trend
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.
19
ECONOMIC AND FINANCIAL INDICATORS – JULY 2009
Personal Consumption/ Global Economic Outlook Retail Sales
Monetary Policy
US Economic Outlook
Fiscal Policy
ECRI Leading Index
Housing/Mortgages
Disposable Personal Income/Wages
Credit Crunch
Inflation
Energy/Oil Costs
Business Spending
Consumer / Investor Outlook
Volatility Levels
Interest Rates/ Fixed Income
Equity Market Valuation
Corporate Profits
Company Guidance
ISM Surveys Trend
Labor Market
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.
20
ECONOMIC AND FINANCIAL INDICATORS – AUGUST 2009
Monetary Policy
US Economic Outlook
Personal Consumption/ Global Economic Outlook Retail Sales
Disposable Personal Income/Wages
Labor Market
Credit Crunch
ECRI Leading Index
Housing/Mortgages
Inflation
Company Guidance
Energy/Oil Costs
Business Spending
Consumer / Investor Outlook
Interest Rates/ Fixed Income
ISM Surveys Trend
Equity Market Valuation
Corporate Profits
Volatility Levels
Fiscal 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.
21
ECONOMIC AND FINANCIAL INDICATORS – SEPTEMBER 2009
Monetary Policy
US Economic Outlook
Global Economic Outlook
Labor Market
Disposable Personal Income/Wages
Fiscal Policy
ECRI Leading Index
Personal Consumption/ Retail Sales
Corporate Profits
Business Spending
Inflation
Housing/Mortgages
Consumer / Investor Outlook
Energy/Oil Costs
Credit Crunch
Interest Rates/ Fixed Income
ISM Surveys Trend
Company Guidance
Equity Market Valuation
Volatility Levels
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.
22
ECONOMIC AND FINANCIAL INDICATORS – OCTOBER 2009
Monetary Policy
US Economic Outlook
Global Economic Outlook
Labor Market
Disposable Personal Income/Wages
Fiscal Policy
ECRI Leading Index
Personal Consumption/ Retail Sales
Corporate Profits
Business Spending
Inflation
Housing/Mortgages
Consumer / Investor Outlook
Energy/Oil Costs
Credit Crunch
Interest Rates/ Fixed Income
ISM Surveys Trend
Company Guidance
Equity Market Valuation
Volatility Levels
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.
23
ECONOMIC AND FINANCIAL INDICATORS – NOVEMBER 2009
Monetary Policy
US Economic Outlook
Global Economic Outlook
Labor Market
Disposable Personal Income/Wages
Fiscal Policy
ECRI Leading Index
Corporate Profits
Personal Consumption/ Retail Sales
Energy/Oil Costs
Inflation
Housing/Mortgages
Consumer / Investor Outlook
Business Spending
Credit Crunch
Interest Rates/ Fixed Income
ISM Surveys Trend
Company Guidance
Equity Market Valuation
Volatility Levels
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.
24
ECONOMIC AND FINANCIAL INDICATORS – DECEMBER 2009
Monetary Policy
US Economic Outlook
Global Economic Outlook
Labor Market
Disposable Personal Income/Wages
Fiscal Policy
ECRI Leading Index
Corporate Profits
Personal Consumption/ Retail Sales
Energy/Oil Costs
Inflation
Housing/Mortgages
Consumer / Investor Outlook
Business Spending
Credit Crunch
Interest Rates/ Fixed Income
ISM Surveys Trend
Company Guidance
Equity Market Valuation
Volatility Levels
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.
25
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
3
