Need stuff to do this month in Los Angeles? We looked ahead on our calendar to focus in on some of the best events happening in September around Los Angeles that you should probably have on your radar. After all, better to get your tickets now than wait till the last minute and find out your favorite event is sold out.
September 2018 event highlights include the LA County Fair, Made in LA Fest, Tarfest, the Abbott Kinney Community Festival, Annenberg After Hours, a dOGUMENTA art show, the Frogtown Art Walk, Dino Fest at NHM, and LOTS more. Enjoy! 1. The LA County Fair Returns (through September 24)The LA County Fair returns to Pomona for a enormous assortment of activities, musical performances, food and beverage offerings, and more.. -> More information 2. Made in LA Fest at Golden Road Brewing (September 1-2)Golden Road Brewing is holding their two-day 2018 Made In LA Festival, focusing on Los Angeles art and culture with musical acts like Dorothy and Saint Motel. -> More information 3. Vegan Street Fair in North Hollywood (Sep 1-2)Vegan Street Fair LA Nights features some of the best vegan vendors and eats around the Los Angeles area, along with games, music, karaoke, and much more. -> More information 4. Fiesta Hermosa (September 2-4)Fiesta Hermosa returns to Hermosa Beach on Labor Day Weekend. The “largest arts and crafts fair in Southern California” offers food, drink, music, and more. -> More information 5. The 2018 Future is Female Concert (September 4)The annual Future is Female concert returns for a 2018 show featuring music from female composers such as Germaine Franco (TAG) and Tamar-kali (Mudbound). -> More information 6 Long Beach Original Lobster Festival (September 7-9)The Original Long Beach Lobster Festival returns for the 22nd year in a row with live entertainment, activities, and boat loads of fresh Maine lobster. -> More information 7. Annenberg After Hours (September 7)See Annenberg Space for Photography’s current exhibit, Not an Ostrich, after hours, along with live music, and a special documentary screening. -> More information 8. Long Beach Comic Con (September 8-9)Long Beach Comic Con returns for two-days of cosplay, panels, a space expo, screenings, and a behind the scenes look at the comic industry. -> More information 9. ‘Frankenstein 200’ — A New Group Art Show & Reception at Corey Helford Gallery (opens September 8)Celebrate the 200th anniversary of Mary Shelley’s Frankenstein at Corey Helford Gallery’s opening reception and month-long exhibition of Frankenstein 200. -> More information 10. FREE MindTravel Silent Piano Sunset Concert at UCLA’s Fowler Museum (September 12)Enjoy MindTravel’s sunset concert by composer and pianist Murray Hidary broadcast directly into your eyes through wireless headphones at the Fowler Museum. -> More information 11. Art Battle Los Angeles Returns (September 12)Watch 16 artists face off over three rounds, creating paintings from blank canvases in 20 minutes for you to vote on, and decide who wins at Art Battle LA at The Exchange. -> More information 12. Son of Monsterpalooza is Coming to Burbank (September 14-16)Get ready to scream, be amazed or simply turn away because Son of Monsterpalooza is coming just in time for Halloween with makeup demos, panels, and more. -> More information 13. dOGUMENTA: A Dog Art Show at FIGat7th (September 14-16 & 21-23)Man’s best friend finally has an art exhibit made just for them! dOGUMENTA LA is a free, dog-friendly art show hosted over two consecutive weekends at FIGat7th in Downtown L.A. -> More information 14. Westchester Arts & Music Block Party (September 15)The 3rd annual Westchester Arts & Music (WAM) Block Party will feature succulent planting, garden tours, face painting, and a petting zoo for FREE. -> More information 15. Water Lantern Festival (September 15-16)Experience something magical as you decorate your individual lantern and watch it light up over the Whittier Narrows Lake during the Water Lantern Festival. -> More information 16. ‘Cine Sin Fronteras’ in Monterey Park (September 15)Check out Cine Sin Frontera, a selection of highlights from the Morelia International Film Festival at the Vincent Price Art Museum with music and more. -> More information 17. BEST Ride: Sriracha Slow Roll in Duarte (September 15)Enjoy a bike ride in Duart to the world-famous Huy Fong Foods Factory for Sriracha-infused food and views atop the Santa Fe Dam. -> More information 18. Open Arts & Music Festival in Glendale (September 15)Enjoy the Open Arts and Music Festival in Glendale. This festival includes live performances, a marketplace, art, and much more! -> More information 19. Rosemead Moon Festival (September 15)Come enjoy the 2018 Rosemead Moon Festival, a celebration that sees Valley Blvd. close down for over 110 vendors, live performances, games and more! -> More information 20. KCRW’s ‘Left, Right & Center’ LIVE in Santa Monica (September 20)KCRW’s political show Left, Right & Center returns to The Eli and Edythe Broad Stage to talk policy, the midterm election and more with a range of guests. -> More information 21. Venice Afterburn 2018 (September 21-23)Shake off the dust of Burning Man at Venice Afterburn, a 3-day long event showcasing the cars, costumes and people that make the desert celebration special! -> More information 22. Nerdbot-Con 2018 at the Pasadena Convention Center (September 22)The 3rd annual Nerdbot-Con is returning to the Pasadena Convention Center for a day of cosplay, nerd, gamer and superhero appreciation. -> More information 23. 16th Annual Tarfest at the La Brea Tar Pits Park (September 22)The 16th annual Tarfest is back for 2018 with a FREE showcase of music, dance, live artwork, a biergarten and wine bar, all at the iconic La Brea Tar Pits. -> More information 24. The 11th Frogtown Artwalk (September 22)Happening along the Los Angeles River, the Frogtown Artwalk features pop-up galleries, artists’ studios, musical performances, and art installations. -> More information 25. Opera at the Beach: ‘Don Carlo’ at the Santa Monica Pier (September 22)Grab your chairs and blankets to enjoy a picnic with a live broadcast of opera Don Carlo from the Dorothy Chandler Pavilion directly to Santa Monica Pier! -> More information 26. Union Station’s Retrocade Experience (September 22-23)Enjoy classic arcade games from the 70’s-90’s at Union Station’s Retrocade Experience, with classic arcade food, a Pac Man competition, and more! -> More information 27. San Antonio Winery Harvest Festival (September 29)Celebrate over 100 years of wine-making in Los Angeles at the San Antonio Winery Harvest Festival, with wine and beer samplings, food, live music and more! -> More information 28. Tacos and Beer Festival at Pershing Square in DTLA (September 29)The Tacos and Beer Festival in Pershing Square in Downtown Los Angeles will feature various tacos, beer, micheladas, live bands, a piñata breaking party, fiesta costume contest and a mechanical bull. -> More information 29. Dino Fest at Natural History Museum (Sept. 29-30)The 3rd annual Dino Fest returns to NHMLA this September 29-30 for a weekend of celebrating the prehistoric giants that one ruled the earth. -> More information 30. Celebrate LA! — An Eight-Mile Street Party (September 30)Enjoy the Los Angeles streets with no cars during Celebrate LA, an eight-mile street party featuring live music, games, and a free Hollywood Bowl concert. -> More information 31. Abbot Kinney Festival 2018 (September 30)L.A. favorite Abbot Kinney Festival returns in 2018 for another day-long celebration featuring live music, food, rides, and over 300 vendors. -> More information Schedule provided by We Like LA.
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Los Angeles provides no limit of things to do, some awesome and some not so awesome. Since time is precious in this fast paced city we curate a list of things to do in Los Angeles for every weekend that’ll help you decide how you want to spend your limited supply of attention (not to mention dollars!).
This Labor Day weekend, from Friday, August 31 to Sunday, September 3, features The Taste, the L.A. County Fair, Made in LA Fest, Fiesta Hermosa, Broad Fest, a Vegan Street Fair, and MUCH more. Enjoy! Friday August 31st, 20181. L.A. Times The Taste returns to Paramount Studios (August 31 to September 2) with tastings from some of the best chefs in Los Angeles selected by The Time and demos, pop-ups and chef experiences. 2. Cinecon Classic Film Festival at Hollywood’s Egyptian Theatre (August 30 to September 3) is 5-days of classic film screenings, celebrity appearances, panels, a memorabilia show, and more. 3. The L.A. County Fair returns to Pomona for a enormous assortment of activities, musical performances, food and beverage offerings, and more. The fair runs through September 23. Check for discount tickets before making your purchase. DISCOUNTED (via Goldstar) 4. West Adams Avenues Jazz and Music Festival is three nights of music including jazz, blues, funk and more, as well as activities, arts and crafts, and food trucks. FREE 5. Friday Night Fireworks at Dodger Stadium will feature a dazzling fireworks show on the field after the game paired with music. This week the boys in blue will go up against the San Diego Padres. DISCOUNTED (via Goldstar) 6. The 626 Night Market is back for its seventh season at Santa Anita Park. Happening Aug. 31 through September 2, the event will feature over 250 vendors selling crafts, merchandise, art, music and a massive selection of food from local restaurants, food trucks and more. 7. The L.A. Zoo will offer free admission for veterans, active, and retired military personnel this Friday in honor of LA Fleet Week. Offer valid from 10 a.m. to 4 p.m. Up to six accompanying friends and family members can receive a discount of $3 off adult and $2 off child admission. Must present a valid military ID at the time of purchase. 8. The Roadium in Torrance presents Classic Drive-in Movies every Friday night in August and the first Friday of September. Each family-friendly event features classic films projected on the screen tower. Continuing the series is a screening of The Endless Summer. 9. L.A. Fleet Week is back from August 31-September 3. Hosted at Los Angeles Cruise Terminal in San Pedro the event will feature various military ships, guided tours, military demonstrations, live entertainment, aerial demonstrations and more. Plenty of venues will also be participating including Cabrillo Marine Aquarium, CRAFTED at the Port of Los Angeles, and 22nd Street Park. FREE 10. Barnsdall Fridays at Barnsdall Art Park comes to a close this Friday evening with tastings of boutique wines and music from KCRW DJs perched atop a hill with incredible city views. 11. The La Brea Tar Pits and Museum will host Late Night Fridays where guests can enjoy free general admission from 5 to 8 p.m. and gain access to special activities, 3D movies, behind-the-scenes tours, live excavations, and more. FREE 12. The Music Center’s annual Dance DTLA series is back for 2018 with a series of Friday-night events at Grand Park. This week features DJ Nights, an evening of entertainment curated by some of the city’s best and most influential DJs. FREE 13. The Queen Mary will celebrate Labor Day with free admission to all active and retired first responders (military, police and firemen) now through September 3. 14. Are you a Chase bank customer? Got a freebie you might want to know about. Coolhaus is teaming with the Forum and Chase to hand out free ice cream sandwiches to Chase customers on Fridays all summer long. Locations will change every Friday, and the offer is ice cream sandwich per cardholder. Get more info here. 15. Back for the 15th year in a row, The Independent Shakespeare Co. presents Shakespeare in the Parkat the Old Zoo in Griffith Park with free performances of A Mid Summer Nights Dream and Titus Andronicus Wednesday through Sunday. This is the last week to catch performances. FREE 16. Rooftop Cinema Club returns to the rooftops of LEVEL in DTLA and NeueHouse in Hollywood with multiple screenings this week that include A Quite Place, Isle of Dogs and more. Saturday September 1st, 201817. Golden Road Brewing’s Made in LA Festival, is two-days of music and arts celebrating Los Angeles with acts like Saint Motel, Dorothy, and Mondo Cozmo set to perform. 18. Head to downtown Hermosa Beach for Fiesta Hermosa Sep. 1-3 for one of the largest arts and crafts fairs in Southern California. Hosting over 300 artists, expect live music, a beer & wine garden and a kiddie carnival to entertain all day long. FREE 19. Vegan Street Fair Sep. 1-2 returns to Los Angeles for 2018 with a plethora of vegan-friendly eats and vendors, including Evolution Burger, Charlie’s Brownies, Donut Friend and much more. The fair will also include games, live entertainment and karaoke. 20. Eat|See|Hear returns for 2018 with a screening of Selena on Saturday at The Autry. Check for discounted tickets at select screenings. DISCOUNTED (via Goldstar) 21.. The Silverlake Flea-Night Market taking place every Saturday from 5-10 p.m. all summer long features a plethora of local, independent sellers that offer vintage clothing, art, rare vinyl, crafts, and much more. 22. 68th Annual Long Beach Greek Festival is back this Labor Day weekend (Sep 1-3) with authentic Greek food, music and lots of dancing. FREE 23. Cinespia is back for its 17th summer season, at the Hollywood Forever Cemetery for screenings of films modern, cult, and classic. This Saturday they’ll screen Beverly Hills Cop and Sunday they’ll screen Now and Then. 24. WP24 by Wolfgang Puck is hosting a sky-high Labor Day BBQ on the private poolside rooftop of The Ritz-Carlton in DTLA. Enjoy panoramic views while dining on Executive Chef John Lechleidner’s Prime Beef Brisket, Baby Back Ribs, BBQ glazed chicken and more. Reservations are encouraged. 25. Local Mexican-American band La Santa Cecilia will close out Pop Saturdays, a summer series of free concerts taking place at Marina del Rey’s Burton Chace Park. FREE 26. Outdoor theater Will Geer’s Theatricum Botanicum, located in Topanga Canyon summer 2018 season begins on June 2 with a performance of Shakespeare’s Coriolanus. Check for discounted tickets before making your purchase. DISCOUNTED (via Goldstar) 27. Street Food Cinema returns this weekend with a screenings of The Wizard of Oz at Park Center in Griffith Park and The Wedding Singer at Will Rogers State Historic Park in Pacific Palisades. Select screenings are discounted via Goldstar. DISCOUNTED 28. Wei Mountain Temple in Rosemead will host The 10,000 Buddha Relics Collection Exhibit from September 1-3. The exhibit will feature the sacred bones of Shakyamuni Buddha as well as tens of thousands of brightly colored crystals known as shariras. 29. JAM Sessions at Burton Chace Park is a free evening of dancing salsa to the music of La Santa Cecilia. FREE Sunday September 2nd, 201830. Head over to The Eli and Edythe Broad Stage in Santa Monica on Sunday for Broad Fest, a free live entertainment event for the whole family. Live music will be played on the stage throughout the day. Fun activities for both kids and adults will be provided, with sweets, snacks, and food available for purchase. FREE 31. The 2nd Annual Jamaican JerkFest and Dancehall Party comes to Union Nightclub in Arlington Heights this Sunday. Enjoy authentic Jamaican cuisine, drink rum punch, and dance to pulsating dancehall music and live Jamaican rhythms from genres like ska, reggae, and lovers rock. Free admission. 32. L.A. Dragon Studios located in the valley is a all you can play gaming center with VR, Escape Rooms, and an Arcade all for a flat fee of $10. Open seven days a week. 33. Mount Wilson Observatory is offering classical music concerts within the dome of the 100-inch telescope above the observatory. Located in the San Gabriel Mountains above Pasadena, the shows are ear candy with a view! 34. Delicious Vinyl will host a West Adams Block Party with performances by KRS-One, Masta Ace alongside DJ sets from a number of respected artists. The day will feature food trucks and vendors, including Delicious Pizza, LocoL, Alta Adams and Highly Likely. There will be a beer garden for the 21+ crowd and activities for kids as well. FREE 35. Missed last week’s bbq event at Smorgasburg LA? BBQ Day Repeat will see the return of this delicious day along with the last Ice Cream Alley of the summer. 36. Head over to the Regent in DTLA for The Rock and Roll Flea Market where you can checkout 50 vendors offering vintage and handmade crafts, including clothing, jewelry, memorabilia, instruments and more, as well as vinyl. Free admission. 37. The Highlight Room will host a Labor Day Backyard BBQ on Sunday from 2 – 7 p.m. Indulge in the BBQ and hang out by the pool sipping cocktails jamming to DJ tunes and taking in the 360 degree views of Los Angeles. 38. The historic Alex Theatre in Glendale will be celebrating its 93rd birthday with a free all ages community event that includes music, specialty cocktails, food, raffles, and tours of the theatre. FREE 39. Yoga at Angel City Brewery welcomes all levels of experience with a donation of $15-20 that includes a free drink at the end. 40. A Yeti Village has been constructed on Hollywood and Vine in anticipation for the movie SMALLFOOT. Designed to look like winter, visitors of all ages can dance in a blizzard, swing on a cloud, ride a 20-foot slide, play in a snowball pit, sing karaoke, do arts and crafts and more. The family-friendly experience is free to attend and runs through September 14, 2018. FREE 41. There’s a Silent Disco happening at The Federal Bar in North Hollywood this Sunday with Top 40 Dance Hits, EDM, Hip Hop, R&B along with 80’s, 90’s and 2K throwbacks. 42. There’s two new hyper-realistic VR experience at The VOID in Glendale a Ghostbusters themed experience and a scarier Nicodemus: Demon of Evanishment experience. Experiences run on different days, be sure to check their schedule. Monday September 3rd, 201843. Head over to Leimert Park on Monday for Refuge Block Party, a celebration of the endurance of people who live on the streets. Organized by The California African American Museum, the event will feature music, live performances, and food trucks. Care packets will also be given out to people in need. 44. Melody located in Virgil Village will celebrate Labor Day with an all-afternoon patio BBQ. Guests can enjoy burgers, sandwiches, oysters, and red, white & pink wines. Cornhole and an all-vinyl country western deejay will round out the patio shindig. 45. Join L.A. Conservancy on National Skyscraper Day as they host a special Modern Skyline walking tour. Get to know the skyscrapers that helped shape DTLA’s epic skyline and hear fascinating stories about Bunker Hill while exploring some of L.A.’s newest landmarks. 46. Prank Bar is having an All-American BBQ for Labor Day with Chef Ricardo grilling racks of ribs and half chickens paired with mac n’ cheese, coleslaw and fries. Drink specials include beer, boilermakers and something called “All-American Truffle Shuffle” a PBR Tall Boy and Dickel Rye Whisky shot. 47. Spend Labor Day with family during the inaugural family-friendly music, arts, and kids activity festival: Littlepalooza happening in Long Beach. 48. Esters hosts happy hour all-night on Mondays and that includes this Labor Day! From 3 p.m. to close, guests can take advantage of $9 glasses of house wine, burrata crostini for $7, half a dozen oysters for $18, and more. 49. E.P. & L.P. in West Hollywood continues their stylish cinema series Melrose Rooftop Theatre with a screening of Black Panter. 50. Shakespeare’s most magical play, A Midsummer Night’s Dream comes to a close at the Will Geer Theatricum Botanicum in Topanga Canyon this Monday. Schedule courtesy of We Like LA. Stocks end week at record highs – Longest Bull Market in history – Stocks ended the week at record highs, for the first time since January, after Fed Chairman Powell released remarks stating that inflation is tame and The Fed no longer fears the economy will overheat and spike inflation. These remarks led investigators to assume he was signing that The Fed was nearing the end of interest rate hikes. The market also surpassed the bull market of the 1990s as the longest bull market ever hitting 3,450 days this week. The Dow Jones Industrial Average closed the week at 25,790.35, up from 25,669.33 last week. It is up 4.3% year-to-date. The S&P 500 closed the week at 2,874.69, up from 2,850.13 last week. It’s up 7.1% year-to-date. The NASDAQ closed the week at 7,945.98, up from 7,816.33 last week. It’s up 15.1% year-to-date.
Treasury Bond Yields drop – The 10-year Treasury bond closed the week yielding 2.82%, down from 2.87% last week. The 30-year Treasury bond yield ended the week at 2.97%, down from 3.03% last week. Mortgage rates slightly lower again this week – The August 23, 2018 Freddie Mac Primary Mortgage Survey reported that the 30-year fixed mortgage rate average was 4.51%, down from 4.53% last week. The 15-year fixed was 3.98%, down from 4.01% last week. The 5-year ARM was 3.82%, down slightly from 3.86% last week.New home sales dip in July – The Commerce Department reported that sales of new homes dropped to the weakest pace in nine months in July. New home sales fell 1.7% in July from June’s levels to an annualized rate of 627,000 sales. Analysts expected the number to be closer to a rate of 645,000 sales. Prices increased just 1.8% from last July’s levels. Inventory of new homes for sale also increased to a 5.9 month supply in July. That was up from 5.7 months in June. July U.S. Total existing-home sales – The National Association of Realtors reported that the number of sales of previously-owned homes fell for a fourth straight month in July. Existing-home sales, which include single-family homes, town-homes, condominiums, and co-ops fell 0.7% in July from June. Year-over-year sales were 1.5% below last July’s sales pace. That marked the fifth straight month of year-over-year declines in sales and the slowest pace since 2016. It should be noted that the number of existing- home sales in 2017 was a record number. Home prices continued to increase. The median price paid for an existing-home in July was 4.5% higher than last July. That marked the 77th straight month of year-over-year price increases. Nationally, housing inventory decreased 0.5% in July. The unsold inventory index stood at a 4.3 month supply, unchanged from last July’s level. California existing home sales slow for third straight month in July – Prices higher – The California Association of Realtors reported that existing single family home sales totaled 406,920 in July on a seasonally adjusted annualized basis. That was down 0.9% from June and 3.4% below last July’s level when home sales totaled 421,460 on an annualized basis. The state-wide median price paid for a home was $591,460 in July, up 7.6% from last July. On a regional level, prices in Los Angeles County rose 5.5%, Orange County prices rose 5.6%, and Ventura County prices rose just 2.1% from July 2017. Inventory levels continued to increase. The unsold inventory index ticked up to a 3.3 month supply in July, up from 3.2% last July. A normal market has a 6 -7 month supply. Active listings increased for a fourth consecutive month after 33 months of declines, increasing 11.9% from last July. Author, Syd Leibovitch Los Angeles provides no limit of things to do, some awesome and some not so awesome. Since time is precious in this fast paced city we curate a list of things to do in Los Angeles for every weekend that’ll help you decide how you want to spend your limited supply of attention (not to mention dollars!).
This weekend, from Friday, August 24 to Sunday, August 26, features Los Angeles Food & Wine Festival, DTLA Proud Fest, Muse ’til Midnight at LACMA, Harry Potter Roller Skating Night, ScareLA, Matcha LA Fest, and MUCH more. Enjoy! Friday August 24th, 20181. The 8th annual Los Angeles Food & Wine Festival is a five-day epicurean event showcasing the finest in Los Angeles food and drink culture. Happening in Downtown L.A., Santa Monica and Beverly Hills between from August 22-26. Check for discounted tickets before making your purchase. DISCOUNTED (via Goldstar) 2. The DTLA Proud Festival returns to Pershing Square for a weekend of community and diversity celebration starting with a free all ages celebration this Friday featuring live music, food vendors, artists and more representing the culture, history, and diversity of the Los Angeles LGBTQ+ community. Keep in mind Friday evening will be alcohol free and Saturday and Sunday event days are 21+ and will be serving alcohol. 3. Eat|See|Hear returns for 2018 with a screening of Easy Rider on Friday and Back to the Future on Saturday at The Autry. Check for discounted tickets at select screenings. DISCOUNTED (via Goldstar) 4. The Roadium in Torrance presents Classic Drive-in Movies every Friday night in August and the first Friday of September. Each family-friendly event features classic films projected on the screen tower. Continuing the series is a screening of Five Summer Stories. 5. Halo Top celebrates their grand opening at The Grove with free ice cream for the first 100 guests and a life-sized ice-cream wonderland with life-sized ice cream pints, themed ball pits, golden swings, and other playful installments. 6.. Back for the 15th year in a row, The Independent Shakespeare Co. presents Shakespeare in the Parkat the Old Zoo in Griffith Park with free performances of A Mid Summer Nights Dream and Titus Andronicus Wednesday through Sunday. FREE 7. The Labyrinth Masquerade Ball happening August 24-25 at the Millennium Biltmore in DLTA is a unique experience featuring extravagant costumes, performances, multiple ballrooms with dancing, mythological acts, special effects and the popular Goblin Court. 8. The La Brea Tar Pits and Museum will host Late Night Fridays where guests can enjoy free general admission from 5 to 8 p.m. and gain access to special activities, 3D movies, behind-the-scenes tours, live excavations, and more. FREE 9. Barnsdall Fridays returns to Barnsdall Art Park for the tenth year in a row, with evening tastings of boutique wines and music from KCRW DJs perched atop a hill with incredible city views. 10. The Music Center’s annual Dance DTLA series is back for 2018 with a series of Friday-night events at Grand Park. This week features Dance DTLA, an evening dedicated to Bollywood. FREE 11. A Yeti Village has been constructed on Hollywood and Vine in anticipation for the movie SMALLFOOT. Designed to look like winter, visitors of all ages can dance in a blizzard, swing on a cloud, ride a 20-foot slide, play in a snowball pit, sing karaoke, do arts and crafts and more. The family-friendly experience is free to attend and runs through September 14, 2018. FREE 12. Rooftop Cinema Club returns to the rooftops of LEVEL in DTLA and NeueHouse in Hollywood with multiple screenings this week that include The Greatest Showman, Coco and more. 13. Check out Todd Schorr’s Neverlasting Miracles at KP Projects on La Brea Ave. Gallery hours are noon to 6 p.m., Tuesday to Saturday. The exhibition runs through September 1. 14. Are you a Chase bank customer? Got a freebie you might want to know about. Coolhaus is teaming with the Forum and Chase to hand out free ice cream sandwiches to Chase customers on Fridays all summer long. Locations will change every Friday, and the offer is ice cream sandwich per cardholder. Get more info here. 15. WP24 by Wolfgang Puck’s Summer Supper + Show returns every Friday and Saturday, July through August, with a Asian-inspired dinner at WP24 by Wolfgang Puck followed by a movie screening on the private 26th floor hotel rooftop. This weekend they’ll screen Noting Hill. 16. 260LA is hosting a sample sale with Jonathan Simkhai and Charlotte Olympia August 22-25. 17. Rodeo Drive’s BOLD Summer concludes this week with a block party featuring live entertainment, special restaurant offers, and more. BOLD will happen Thursday, Friday, and Saturday. FREE Saturday August 25th, 201818. Muse ’til Midnight at LACMA is the ultimate late-night party. 2018’s edition is a celebration of 3D art, inspired by LACMA’s new exhibit, 3D: Double Vision. Enjoy music curated by DUBLAB, access to five galleries and more. 19. Los Angeles’ first Matcha LA Fest celebrates all things matcha on August 25-26 with over 20 vendors, matcha in many different forms, a photo booth, giveaways, matcha merch, and more. 20. The seventh and final Harry Potter Roller Skating Night returns to Moonlight Rollerway for a truly special and enchanting evening 21. Summer Happenings at The Broad is a series of late-night events featuring music, performance and art. Now in its third year, the evening series is inspired by The Broad’s new exhibition, A Journey That Wasn’t which explores artists’ representations of time, memory and repetition. This month the series will highlight Chinese artists with performances by post-punk band Re-TROS, Xiu Xiu, MIIA, Asian Dope Boys and more. 22. Cinespia is back for its 17th summer season, at the Hollywood Forever Cemetery for screenings of films modern, cult, and classic. This Saturday they’ll screen Big and Sunday they’ll screen Barbarella as part of the Johnny Ramone tribute. 23. KCRW’s Summer Nights offers free all-ages outdoor music shows over the course of the summer throughout Los Angeles and this Saturday they’ll takes over Chinatown one last night with KCRW DJs Raul Campos and Jason Bentley. FREE 24. The Los Angeles Philharmonic and Gustavo Dudamel will perform some of Tchaikovsky’s greatest hits under the stars at the Hollywood Bowl with a spectacular fireworks show. DISCOUNTED (via Goldstar) 25. Summer Street Market Nights, a delicous evening at The Mixing Room in DTLA is a monthly event featuring an assortment of interactive food stations offering international cuisine and themed entertainment. This months theme is One Night in Bangkok! 26. The 13th Annual Venice Beach Music & Arts Festival is a free event featuring live music and dance performances, food trucks, mural painting and more in Windward Plaza Park and along the boardwalk in Venice. FREE 27. Brick Fest Live: Lego Fan Experience in Pasadena (August 25-26) is coming to the Pasadena Convention Center for two days of insane builds, hands-on activities, and sets to buy. 28. Celebrate Latinas when LATINAFest: Mind, Body & Soul, a free festival, comes to La Plaza de Cultura y Artes in Downtown Los Angeles. 29. Celebrate Halloween in the summer with ScareLA (August 25-26), the city’s only convention with interactive experiences, industry professionals, roaming monsters and more. Check for discounted tickets before making your purchase. DISCOUNTED (via Goldstar) 30. Head to Long Beach’s Shoreline Drive for Beach Streets Twilight, an event that sees one mile of the famed road shut down to cars in favor of bikes, scooters, roller blades, pets, and your own two legs! There will be food trucks, drinks, and two music stages, so get outside and enjoy the city of Long Beach! FREE 31.. The Silverlake Flea-Night Market taking place every Saturday from 5-10 p.m. all summer long features a plethora of local, independent sellers that offer vintage clothing, art, rare vinyl, crafts, and much more. 32. Grand Central Market’s downstairs area will transform into a magic club for one night featuring award-winning comedy magician Dana Daniels. Guests can also experience close-up magic by Kayla Drescher and Robert Ramirez as well as sleight of hand magic by Georges-Robert. Magic will also be performed throughout the historic food hall. FREE 33. Off the 405, free concerts at the Getty will host a performance by Combo Chimbita and a DJ set by Maieli in the museum courtyard. FREE 34. NFMLA’s Film Festival will show two shorts programs, along with a feature from a NFMLA award-winning alumni this Saturday. Check for discounted tickets before making your purchase. DISCOUNTED (via Goldstar) 35. Pasadena Rooftop Cinema is back for another series of free family friendly screenings on a South Lake Avenue rooftop. This Saturday the series will screen Star Wars. FREE 36. The Leimert Park Village Book Fair comes to Baldwin Hills Crenshaw for an all-day literary extravaganza with author meet-and-greets, celebrity author, literary and educational exhibitors, a Children’s Pavilion with book giveaways, panel discussions, writing workshops, musical entertainment and poetry recitals, food trucks and more. FREE 37. British artist Lucy Sparrow has transformed the second floor of the Standard in DTLA into Sparrow Mart a supermarket art wonderland fill with over 31,000 adorable felt-covered food replicas all for sale. Part art installation, store and loads of photo worthy moments, Sparrow Mart open Aug 1-31 (closed on Mondays) is free to attend on a first come first serve basis. FREE 38. Outdoor theater Will Geer’s Theatricum Botanicum, located in Topanga Canyon summer 2018 season begins on June 2 with a performance of Shakespeare’s Coriolanus. Check for discounted tickets before making your purchase. DISCOUNTED (via Goldstar) 39. The Actors’ Gang will once gain bring back Free Shakespeare in the Park for Families with a production of Much Ado About Avengers an original play inspired by William Shakespeare’s “Much Ado About Nothing” and the characters of Marvel’s Avengers. Taking place at Media Park in Culver City, the 45 minute, all‐ages production will run every Saturday and Sunday this month through August 26. FREE 40. Street Food Cinema returns this weekend with a screening of Bridesmaids at LA Arboretum in Arcadia and Xanadu at Pan Pacific Park in Beverly Hills. Select screenings are discounted via Goldstar. DISCOUNTED Sunday August 26th, 201841. There’s a free community tribute to the late Jonathan Gold on the steps of City Hall in DTLA this Sunday. The public commemoration of the Pulitzer Prize-winning writer is hosted by Carolina Miranda, Los Angeles Times arts and culture columnist and will include tributes from friends, family, and colleagues of Gold. There will also be a screenings of unseen clips from City of Gold, the 2015 documentary about Gold’s culinary adventures, along with food trucks selling food. FREE 42. Cal Jam 18 will host a pop-up at the Hollywood Palladium with free performances by Chevy Metal and The Holy Shits, plus food, merchandise and more. FREE 43. Get your stretch alongside some adorable dogs during Dog Yoga at The Dog Cafe. Yoga will be led by instructor Melissa Burton and will be followed by play time with pups and refreshments. 44. The 3rd Annual BBQ Day at Smorgasburg LA is coming this Sunday and fans of ice cream can head down to Ice Cream Alley, a special area dedicated to showcasing ice cream. 45. Los Angeles Magazine’s inaugural FIT LA is a morning wellness event featuring a Pure Barre class, healthy bites, beauty and nutrition samples, mini spa treatments and more at Calamigos Beach Club in Malibu. 46. To celebrate National Dog Day this Sunday The Citadel Outlets ll host their annual ‘Barks & Brews’event welcoming hundreds of local pets and their owners for a day of craft beer tasting, food truck bites and live entertainment. 47. Metro Art Presents “Changes: Works at Union Station,” an afternoon of 20 site-specific performances and interactive works in unique spaces inside the station. FREE 48. There’s a Vegan Block Party happening at Dry River Brewing this Sunday featuring vegan and cruelty free vendors like Jades Vegan Sushi, Veggie y Qué, Mini Drops Ice Cream and much more. Free to enter and food is for sale. 49. Escape the summer heat during Jazz on the Lawn, a series of free summer concerts at Santa Monica’s Gandara Park every Sunday in August. In addition to live music there will be free dance lessons, food trucks and picnic games. FREE 50. Free museum days: Museum of Latin American Art and Craft and Folk Art Museum (pay what you can) Schedule provided by We Like LA. California employers add 46,700 jobs in July – The Employment Development Department reported that 46,700 new jobs were added in July. The unemployment rate held at a record low of 4.2%. The number of job gains exceeded expectations, but average hourly wages rose just 2.2% from one year ago.
Stocks surge on renewed trade talks – Stocks had a turbulent week. They dropped early in the week as fears that a currency and economic collapse in Turkey could spread to other countries within the region, but surged Thursday and Friday as trade negotiations with China, Mexico, and Canada were reported. Investors are also very optimistic as the second quarter earnings season comes to a close. Most companies reported double digit percent increases in profits. The Dow Jones Industrial Average closed the week at 25,669.33, up from 25,313.14 last week. It is up 3.8% year-to-date. The S&P 500 closed the week at 2,850.13, up from 2,833.25 last week. It’s up 6.6% year-to-date. The NASDAQ closed the week at 7,816.33, downfrom 7,839.12 last week. It’s up 13.2% year-to-date. Treasury Bond Yields unchanged – The 10-year Treasury bond closed the week yielding 2.87%, unchanged from 2.87% last week. The 30-year treasury bond yield ended the week at 3.03%, unchanged from 3.03% last week. Mortgage rates slightly lower for the week – The August 16, 2018 Freddie Mac Primary Mortgage Survey reported that the 30-year fixed mortgage rate average was 4.53%, down from 4.59% last week. The 15-year fixed was 4.01% from 4.05% last week. The 5-year ARM was 3.86%, down slightly from 3.90% last week. California existing home sales slow for third straight month in July – The California Association of Realtors reported that existing single-family home sales totaled 406,920 in July on a seasonally adjusted annualized basis. That was down 0.9% from June and 3.4% below last July’s level when home sales totaled 421,460 on an annualized basis. The state-wide median price paid for a home was $591,460 in July, up 7.6% from last July. On a regional level, prices in Los Angeles County rose 5.5%, Orange County prices rose 5.6%, and Ventura County prices rose just 2.1% from July 2017. Inventory levels continued to increase. The unsold inventory index ticked up to a 3.3 month supply in July, up from 3.2% last July. A normal market has a 6 -7 month supply. Active listings increased for a fourth consecutive month after 33 months of declines, increasing 11.9% from last July. Author, Syd Leibovitch Los Angeles provides no limit of things to do, some awesome and some not so awesome. Since time is precious in this fast paced city we curate a list of things to do in Los Angeles for every weekend that’ll help you decide how you want to spend your limited supply of attention (not to mention dollars!).
This weekend, from Friday, August 17 to Sunday, August 19, features Echo Park Rising, a spandex-themed dance party at Skyspace, the L.A. Taco Festival, Pasadena Rooftop Cinema, a Tiki Swapmeet, All My Friends Music Festival, and MUCH more. Enjoy! Friday August 17th, 20181. Echo Park Rising celebrates the creativity, diversity, music and businesses of Echo Park with a four-day celebration (Aug 16-19) featuring food, drink, and amazing live music. FREE 2. STRETCH is a spandex-themed dance party that doubles as a cheeky homage to an 80’s workout video. The event features two indoor floors plus two outdoor decks, all taking place 1,000 above the ground at OUE Skyspace LA. 3. “Music. Moves. Change makers.” is a dance-party take over of the Theatre at the Ace Hotel celebrating music and movements from around the world, with a DJ set from KPFK’s DJ Francesca Harding and brief conversation between local New York Times visual journalist Walter Thompson Hernandez and his editor Joanna Nikas. We Like L.A. readers can use the promo code NYTheartsLA to receive $10 off their ticket purchase. 4. Friday Flights at The Getty invites artists to respond to the iconic architecture, gardens and exhibitions of the museum through multiple art forms that include music, performance and film. FREE 5. Long Beach BBQ Festival at Rainbow Lagoon Park (August 17-19) will feature world class pitmasters showcasing their skills for hungry que fans! Check for discounted tickets before making your purchase. DISCOUNTED (via Goldstar) 6. The Roadium in Torrance presents Classic Drive-in Movies every Friday night in August and the first Friday of September. Each family-friendly event features classic films projected on the screen tower. Continuing the series is a screening of Indiana Jones and the Raiders of the Lost Ark. 7. The Los Angeles Zoo’s annual after-hours music series, Roaring Nights, is back for summer 2018. Come experience DJs, indie bands, Silent Disco, the all-new Glamping Lounge, adult beverages, more than a dozen great food trucks each evening and more. The series continues with local country band Highway Starr and DJ Johnny Hawkes. Check for discounted tickets before making your purchase. DISCOUNTED (via Goldstar) 8. Rodeo Drive’s BOLD Summer is set to bring an energizing spin to Beverly Hills’ Golden Triangle this August. Come enjoy a block party with live entertainment, special restaurant offers, and more. BOLD happens every Thursday, Friday, and Saturday from August 2-25. FREE 9. de Plume has been transformed by Laurie Shapiro into a stunning forrest of intricately painted flowers made to represent the vagina. Titled “All Yoni Is Love,” the exhibit features stylized large paintings, reflective mylar, and hanging orbs of light is made to celebrate the beauty and power of all woman. On Friday a special sound bath will be held right in the middle of the exhibit. 10. Union Station in DTLA will host Filmmm, a series of food-centric films, this summer. The series concludes with a screening of I am Love FREE 11. Picture This! and LoopdeLoop are joining forces for a night celebrating dogs! This free live animated comedy show will feature standup comics perform as talented animators, cartoonists and loopers draw them live. FREE 12. Back for the 15th year in a row, The Independent Shakespeare Co. presents Shakespeare in the Parkat the Old Zoo in Griffith Park with free performances of A Mid Summer Nights Dream and Titus Andronicus Wednesday through Sunday. FREE 13. The Music Center’s annual Dance DTLA series is back for 2018 with a series of Friday-night events at Grand Park. This week features DJ Nights, an evening of music, dancing and more from 9 to midnight. FREE 14. The Burbank Comedy Festival taking place across five different venues will host 200 performers from around the globe for five days (August 12-18) of nonstop funny business. The festival kicks off with Jeff Garlin this Sunday! 15. The La Brea Tar Pits and Museum will host Late Night Fridays where guests can enjoy free general admission from 5 to 8 p.m. and gain access to special activities, 3D movies, behind-the-scenes tours, live excavations, and more. FREE 16. WP24 by Wolfgang Puck’s Summer Supper + Show returns every Friday and Saturday, July through August, with a Asian-inspired dinner at WP24 by Wolfgang Puck followed by a movie screening on the private 26th floor hotel rooftop. This weekend they’ll screen Grease. 17. Hauser & Wirth Los Angeles will host a rare screening of artist Paul McCarthy’s ‘cisuM fo dnuoS ehT/The Sound of Music.’ Projected upside down and in reverse, McCarthy transforms the classic film into something strange and unnerving. FREE 18. For over 30 years, Grand Performances has offered a variety of performance events at California Plaza, for free. Their 2018 summer series runs June 1 through August 18. This Friday La Marisoul Hernández of La Santa Cecilia presents The California Feetwarmers and The Hermanos. FREE 19. Shakespeare By The Sea will once again offer a ten-week program of admission-free performances. The series continues with performances of The Merry Wives of Windsor and The Winter’s Tale in different locations Friday and Saturday. FREE 20. Are you a Chase bank customer? Got a freebie you might want to know about. Coolhaus is teaming with the Forum and Chase to hand out free ice cream sandwiches to Chase customers on Fridays all summer long. Locations will change every Friday, and the offer is ice cream sandwich per cardholder. Get more info here. 21. Barnsdall Fridays at Barnsdall Art Park offers evening tastings of boutique wines and music from KCRW DJs perched atop a hill with incredible city views. 22. Rooftop Cinema Club returns to the rooftops of LEVEL in DTLA and NeueHouse in Hollywood with multiple screenings this week that include Dirty Dancing, Point Break and more. Saturday August 18th, 201823. The 2018 L.A. Taco Festival at Grand Park in DTLA features an eclectic array of traditional and trending tacos, all from local L.A. spots. Admission is free and all tacos are for sale. Vendors include Kogi BBQ, EpicTacos, Thai-Mex Cocina, Izzys Taco House, Monster Tacos and many more. 24. The All My Friends Music Festival heads to The Row DTLA for two days of live music and performances on three separate stages. Performers include RL Grime, Gucci Mane, Jhene Aiko, M.I.A., Jamie XX, Armand and Van Helden and more. 25. The Pasadena Rooftop Cinema is back for another series of free family friendly screenings on a South Lake Avenue rooftop. This Saturday the series will screen Jurassic Park. FREE 26. KCRW’s Summer Nights continues this Saturday at KCRW headquarters with a Backyard Party featuring KCRW DJ Henry Rollins, a selection of food trucks curated by KCRW’s Evan Kleiman and record collectors and dealers hand-selected by Beats Swap Meet. FREE 27. Taste of Brews Long Beach features dozens of microbrews and hard ciders, along with snack samples from food trucks and live entertainment. This year, the oceanfront event is selling a limited number of tickets, meaning shorter lines. 28. The Silverlake Flea-Night Market taking place every Saturday from 5-10 p.m. all summer long features a plethora of local, independent sellers that offer vintage clothing, art, rare vinyl, crafts, and much more. 29. Street Food Cinema returns this weekend with a screening of Black Panther at Veteran’s Memorial Park in Culver City, Casablanca in Victory Park Pasadena and The Lion King at Park Center in Griffith Park. Select screenings are discounted via Goldstar. DISCOUNTED 30. Once every month Griffith Observatory hosts a free public star party allowing the public to view through telescopes to see the stars and beyond as well as discuss with knowledgeable amateur astronomers about our solar system. FREE 31. HUSHfest takes over the Santa Monica Pier for a silent disco dance party focused on the “New York State of Mind” with Jay Z vs LCD Soundsystem vs Talking Heads tunes. 32. Check out LACMA’s latest exhibition, 3D: Double Vision an interactive exhibit that explores the art and illusion of 3D. 33. Eat|See|Hear returns for 2018 with a screening of The Sandlot (25th Anniversary) at La Cienega Park in Beverly Hills. Check for discounted tickets before making your purchase. DISCOUNTED (via Goldstar) 34. Head over the Simi Valley Town Center this Saturday for the International Taco Festival. General admission is free, with food and drink available for purchase. 35. Pop Saturdays, a free summer series taking place at Marina del Rey’s Burton Chace Park returns this week with a performance by Punk rock pioneers X with all four original members. FREE 36. City of Rancho Palos Verdes presents Free Movies in the Park this Saturday screening Peter Rabbit at Eastview Park. FREE 37. Nisei Week Japanese Festival returns to the streets of Little Tokyo, beaming with food, culture, entertainment, a grand parade and more. FREE 38. A Yeti Village has been constructed on Hollywood and Vine in anticipation for the movie SMALLFOOT. Designed to look like winter, visitors of all ages can dance in a blizzard, swing on a cloud, ride a 20-foot slide, play in a snowball pit, sing karaoke, do arts and crafts and more. The family-friendly experience is free to attend and runs through September 14, 2018. FREE 39. Cinespia is back for its 17th summer season, at the Hollywood Forever Cemetery for screenings of films modern, cult, and classic. This Saturday they’ll screen The Outsiders. 40. Perrier is hosting a yoga event featuring a fully-stocked Perrier & Juice drink bar, live DJs from Power106, Vinyasa yoga sessions, giveaways and much more. FREE 41. The Actors’ Gang will once gain bring back Free Shakespeare in the Park for Families with a production of Much Ado About Avengers an original play inspired by William Shakespeare’s “Much Ado About Nothing” and the characters of Marvel’s Avengers. Taking place at Media Park in Culver City, the 45 minute, all‐ages production will run every Saturday and Sunday this month through August 26. FREE 42. The Japanese American National Museum (JANM) will host their annual Natsumatsuri Family Festival this Saturday celebrating Japanese and Japanese American culture through performances, crafts, and other activities. FREE 43. Enjoy a summer movie night at Warner Ranch Park in Woodland Hills when Movies on the Greenwith a screening of Black Panther. FREE Sunday August 19th, 201844. Swingin’ Summer series returns to The Wiltern with a Roaring ’20s Night, featuring a ten-piece jazz band and swing dancing lessons. Check for discounted tickets before making your purchase. DISCOUNTED (via Goldstar) 45. Silents Under the Stars series continues at Paramount Ranch in Agoura Hills this Sunday with Flesh and the Devil staring Greta Garbo, one of the greatest stars of the 1920s. 46. Head down to Roxanne’s Cocktail Lounge in Long Beach for a Tiki Swapmeet and social featuring live tiki bands and DJs, games, and selected tiki vendors from across SoCal. 47. Movie Night at The Wiltern will host a Lady and the Tramp matinee screening with themed photo ops, face painting and coloring stations. Check for discounted tickets before making your purchase. DISCOUNTED (via Goldstar) 48. Fans of ice cream can head down Ice Cream Alley, a special area of Smorgasburg LA dedicated to showcasing the best of local ice cream and sweet treats, all in one place. 49. Head to Downtown L.A. for Sunday Sessions, at Grand Park and enjoy the city’s best House music artists, groove on the dance floor and enjoy eats from food trucks and cocktails from the bar. FREE 50. British artist Lucy Sparrow has transformed the second floor of the Standard in DTLA into Sparrow Mart a supermarket art wonderland fill with over 31,000 adorable felt-covered food replicas all for sale. Part art installation, store and loads of photo worthy moments, Sparrow Mart open Aug 1-31 (closed on Mondays) is free to attend on a first come first serve basis. FREE 51. Boomtown Brewery will host a Summer Family Festival this Sunday with plenty of fun activities like a bounce house, face painting, a petting zoo, games, prizes, and a photo booth. FREE 52. Escape the summer heat during Jazz on the Lawn, a series of free summer concerts at Santa Monica’s Gandara Park every Sunday in August. In addition to live music there will be free dance lessons, food trucks and picnic games. FREE 53. This Sunday is the 9 Year Anniversary of Cool Beans Comedy. To celebrate, they brought in NBC’s Tony Baker, Netflix’s Taylor Tomlinson and other friends for a night of free comedy at The Ice House Comedy Club in Pasadena. FREE 54. Free museum days: Museum of Latin American Art and Craft and Folk Art Museum (pay what you can) Schedule provided by We Like LA. Stocks lower for the week – Stock market indexes posted their first weekly loss since the last week of June. Markets, which were within 1/2% of all time highs last week after a stellar second quarter earnings season, reacted to a financial crisis in Turkey and an increase in back and forth tariff threats between The U.S. and China. The Dow Jones Industrial Average closed the week at 25,313.14, down from 25,462.08 last week. It is up 2.4% year-to-date. The S&P 500 closed the week at 2,833.28, down from 2,840.30 last week. It’s up 6.0% year-to-date. The NASDAQ closed the week at 7,839.12, up from 7,812.01 last week. It’s up 13.6% year-to-date.
Treasury Bond Yields lower this week – The 10-year treasury bond closed the week yielding 2.87%, down from 2.96% last week. The 30-year treasury bond yield ended the week at 3.03%, down from 3.09% last week. Mortgage rates follow bond yields. I’d expect next weeks mortgage rates to be slightly lower. Mortgage rates almost unchanged for the week – The August 9, 2018 Freddie Mac Primary Mortgage Survey reported that the 30-year fixed mortgage rate average was 4.59%, almost unchanged from 4.60% last week. The 15-year fixed was 4.05%, almost unchanged from 4.08% last week. The 5-year ARM was 3.90%, down slightly from 3.93% last week. Housing affordability drops to a 10-year low in the second quarter – The California Association of Realtors reported that only 26% of California households could afford to purchase a median priced home in California. That was down sharply from 31% in the first quarter of 2018. It was also down from 29% in the second quarter of 2017. Rising home prices, higher interest rates, and stagnant incomes have driven affordability down. For example, home prices in June rose over 8%, while wages grew just 2.7% from one year earlier. Interest rates were no higher in the second quarter of 2018 than in the first quarter, but were higher than in the second quarter of 2017. Author, Syd Leibovitch 157,000 new jobs added in July – The Bureau of Labor Statistics reported that 157,000 new jobs were added in July. This was below the 193,000 expected by analysts, but still a healthy number. In the last 12 months, job gains have averaged 203,000 a month. Wage growth, which is an indicator of inflation risk, showed average hourly wages growing by 2.7% over the past 12 months. The unemployment rate dropped to near historic lows of 3.9%, down from 4% in June. While more wage growth would be nice, 2.7% won’t put much pressure on The Fed to raise rates to combat inflation risks. Usually, with unemployment so low you would see wage growth at 3% or more. Wages have been stubborn to rise, which has kept inflation in check and interest rates historically low–especially with such robust growth.
Strong corporate earnings overshadowed trade fears this week – With over 30% of companies reporting second quarter earnings, this earnings season is turning out mostly positive. Most companies posted results that beat expectations. While Tech stocks sunk last week after Facebook reported disappointing earnings, they soared this week after Apple’s earnings were reported. Apple became the first company to have a valuation of over $1 trillion. China and the U.S. both stepped up tariffs on more products, while The U.S. and The European Union edged toward a trade deal. Trade fears probably are the reason stocks did not rally much higher on such strong earnings. The Dow Jones Industrial Average closed the week at 25,462.08, up slightly from 25,451.06 last week. It is up 3% year-to-date. The S&P 500 closed the week at 2,840.30, up from 2,818.82 last week. It’s up 6.2% year-to-date. The NASDAQ closed the week at 7,812.01, up from 7,737.43 last week. It’s up 13.2% year-to-date. Treasury Bond Yields unchanged this week – The 10-year Treasury bond closed the week yielding 2.95%, almost unchanged from 2.96% last week. The 30-year Treasury bond yield ended the week at 3.09%, unchanged from 3.09% last week. We watch bond rates because mortgage rates follow bond rates. Mortgage rates slightly higher for the week – The August 2, 2018 Freddie Mac Primary Mortgage Survey reported that the 30-year fixed mortgage rate average was 4.60%, up slightly from 4.54% last week. The 15-year fixed was 4.08%, up slightly from 4.02% last week. The 5-year ARM was 3.93%, up slightly from 3.87% last week. Author, Syd Leibovitch |
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