Chart of the Day: S&P500 following Gasoline Price Surges


Chart of the Day
looks at how the stock market has responded to significant increases in gasoline prices over the past 25 years.


S&P500 following Gasoline Price Surges

20050902

20050902b

Source: Chart of the Day

Its apparent the stock market struggles following a
year-over-year increase of more than 15%. Gasoline has increased well
over 15% over the past 12 months and has the potential of negatively
impacting consumer spending. For example, a recent California poll
shows that 40% have cut back on spending as a result of high gasoline
prices.

This is consistent with an Opinion Research Corporation survey cited by ICSC.org.
It showed that 58% of households are reducing their discretionary
spending on clothing, shoes, jewelry and consumer electronics, as well
as restaurants, spa and beauty services, and other nonessential
purchases.

 

Category: Commodities, Economy, Markets

Radio Economics

Category: Economy, Podcast

NFP: +169k

Category: Economy

NFP Today

Category: Economy

Shopped Out?

Category: Economy, Retail

Katrina Overview (or, we’ve gone Map Crazy, Part IV)

Category: Commodities, Media, Psychology, Science, Weblogs

3 and 2 year yield curve inversion

Category: Economy, Fixed Income/Interest Rates

Tracking Fuel Costs

Category: Commodities, Weblogs

PMI, GDP stink up the joint

Category: Economy

Katrina/New Orleans Disaster Relief Aid

It appears the damage to New Orleans region is far worse than originally expected. As we did with the Tsunami, here are numerous resources that you may find helpful in keeping informed about the damage, and making donations to help survivors:

1) Relief Organizations

Americares
Known as the most efficient relief charity in the U.S. (and Non-denominational also)
88 Hamilton Avenue, Stamford, CT USA 06902
Toll Free: 1-800-486-HELP (4357) Phone: 01-203-658-9500

American Red Cross
1-800-HELP-NOW
800-435-7669
http://www.redcross.org/
(You can also donate via Amazon.com or the iTunes Music Store)

Salvation Army
1-800-SAL-ARMY
800-725-2769
http://www.salvationarmyusa.org/

see below for complete list of charities

2) News Coverage

Yahoo! FULL COVERAGE: Hurricanes & Tropical Storms

http://news.yahoo.com/fc/world/hurricanes_and_tropical_storms

Google Groups katrina relief aid
http://groups.google.com/groups?hl=en&q=katrina+relief+aid&qt_s=Search

The KatrinaHelp Wiki relief page
http://katrinahelp.info/wiki/index.php/Main_Page

3) Weather Related Resources

National Hurricane Center
http://www.nhc.noaa.gov/

Actual Water Level Measurements, at New Orleans, LA
USGS 073802338 IWW @ I-510 Bridge (Paris Rd) http://waterdata.usgs.gov/nwis/uv/?site_no=073802338

See this Google Map for location:
http://maps.google.com/maps?q=Paris+Road,+New+Orleans,+LA+70129
&spn=0.217644,0.317677&hl=en

National Weather Service
http://iwin.nws.noaa.gov/iwin/ graphicsversion/bigmain.html

Hydrologic Information Center (river flooding)
http://www.nws.noaa.gov/oh/hic /index.html

4) Government Resources

Federal Emergency Management Agency
1-800-621-FEMA
http://www.fema.gov/

City of New Orleans
http://www.cityofno.com/portal.aspx

Louisiana Governor’s Office
http://www.gov.state.la.us/

Mississippi Emergency Management
http://www.msema.org/

Louisiana Homeland Security
http://www.ohsep.louisiana.gov/

5) State Government Resources

Louisiana Emergency Road Closures
http://www.ohsep.louisiana.gov/evacinfo/rdclosureindex.htm

Mississippi Emergency Road Closures
http://www.gomdot.com/

Alabama Emergency Road Closures
http://www.dot.state.al.us/closures/

Florida Emergency Road Closures
http://www.floridadisaster.org/

New Orleans Convention and Visitors Bureau Update
http://www.neworleanscvb.com/static/index.cfm/action/group/
contentID/256/sectionID/1/subsectionID/0/

Read More

Category: Weblogs