Doug Potash Presents:

WEEKLY ECONOMIC UPDATE

WEEKLY QUOTE

Great works are
performed not by
strength, but
perseverance.

- Samuel Johnson


WEEKLY TIP

A mental trick to help
you build your
emergency fund:
treat it like a bill that
you have to pay each
month, and make a
corresponding
monthly payment
to it.


WEEKLY RIDDLE

Three playing cards
lie face down on a
table. A jack is to the
left of a queen. To the
left of a spade is a
diamond. A king is
left of a heart. A
spade is right of a
king. What are the
three cards?

Last weeks riddle:
When I change my
jacket, I make a loud
noise and become
larger, but I weigh less.
What am I?

Last weeks answer:
Popcorn.

June 23, 2014

INFLATION PICKS UP
The Consumer Price Index increased 0.4% in May the biggest monthly rise in over
a year, with food prices up 0.5%. Labor Department data showed the core CPI
(minus energy and food prices) up 0.3% for May; that was its largest monthly
advance since August 2011. All this put the annualized gain in the headline CPI at
2.1% and the yearly gain in core CPI at 2.0%. Analysts polled by Reuters thought the
overall CPI would increase 0.2% last month. The turmoil in Iraq could help to drive
consumer prices higher this summer.
1


MAY SEES LESS NEW RESIDENTIAL CONSTRUCTION
Reduced home buying eventually means reduced groundbreaking. Mays housing
numbers from the Census Bureau reflected that housing starts slipped 6.5% last
month while building permits fell 6.4%. Housing starts are still maintaining a
million-unit seasonally adjusted annual pace.
1


OIL SETTLES AT A 9-MONTH HIGH
$107.26 a barrel that was where NYMEX crude for July delivery closed at Friday.
Even so, prices leveled off last week as ISIS insurgents in Iraq remained far away
from Basra, that countrys hub for oil exports.
2


WILL THE DOW REACH 17,000 THIS WEEK?
At Fridays close, the blue chips stood at 16,947.08. The Dow rose another 1.02% last
week, and its 5-day gain was surpassed by the advances of the Nasdaq (+1.33% to
4,368.04) and the S&P 500 (1.37% to 1,962.87). Investors were encouraged by the
Federal Reserve: the Federal Open Market Committee predictably elected to make
another $10 billion cut to QE3 for July and expressed confidence that the economy
was improving in its Wednesday policy statement, even as it cut its projections for
2014 growth slightly to 2.1%.
3,4,5


THIS WEEK: The NAR releases its May existing home sales report Monday. On
Tuesday, the Conference Boards June consumer confidence index, the Census
Bureaus May new home sales report and the April S&P/Case-Shiller home price
index all arrive, along with quarterly results from Walgreens. The last federal
government estimate of Q1 GDP appears Wednesday, plus the Census Bureaus May
report on durable goods orders and earnings from Bed Bath & Beyond, Lennar,
General Mills and Monsanto. Thursday brings May consumer spending data from
the Commerce Department, the latest initial jobless claims figures and earnings
announcements from Nike, ConAgra Foods and Accenture. Friday sees the release of
the University of Michigans final June consumer sentiment index.

% CHANGE Y-T-D 1-YR CHG 5-YR AVG 10-YR AVG
DJIA +2.23 +14.83 +19.69 +6.34
NASDAQ +4.58 +29.82 +27.80 +12.12
S&P 500 +6.20 +23.59 +22.61 +7.37
REAL YIELD 6/20 RATE 1 YR AGO 5 YRS AGO 10 YRS AGO
10 YR TIPS 0.35% 0.46% 1.91% 2.16%

Sources: USATODAY.com, bigcharts.com, treasury.gov - 6/20/14
5,6,7,8

Indices are unmanaged, do not incur fees or expenses, and cannot be invested into directly.
These returns do not include dividends.


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Doug Potash, CRPC
Vice President & Wealth Advisor


Legacy Financial Group, LLC
888 Bestgate Road, Suite 205
Annapolis, MD 21401
410-897-9401
Fax- 443-292-5119
Cell- 443-994-1897
www.legacyfinancialgroup.com


Securities offered through Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC
Advisory services offered through Cambridge Investment Research Advisors, Inc. A Registered Investment Advisor
Legacy Financial is an independent firm and is not affiliated with Cambridge Investment Research



Doug Potash Disclosure

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.

Citations.
1 - tinyurl.com/pkdpugh [6/17/14]
2 - marketwatch.com/story/brent-slips-below-115-as-iraq-worries-simmer-2014-06-20 [6/20/14]
3 - google.com/finance?q=INDEXDJX%3A.DJI&ei=Aa-kU7C5O6SxsgezkIHQDA [6/20/14]
4 - cbsnews.com/news/federal-reserve-tapers-by-another-10-billion/ [6/18/14]
5 - usatoday.com/money/markets/overview/ [6/20/14]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=6%2F20%2F13&x=0&y=0 [6/20/14]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=6%2F20%2F13&x=0&y=0 [6/20/14]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=6%2F20%2F13&x=0&y=0 [6/20/14]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=6%2F19%2F09&x=0&y=0 [6/20/14]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=6%2F19%2F09&x=0&y=0 [6/20/14]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=6%2F19%2F09&x=0&y=0 [6/20/14]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=6%2F21%2F04&x=0&y=0 [6/20/14]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=6%2F21%2F04&x=0&y=0 [6/20/14]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=6%2F21%2F04&x=0&y=0 [6/20/14]
7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [6/20/14]
8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [6/20/14]