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December 4 , 2017
Statistic of the Week: 
As there may be some debate around the Thanksgiving table about whether white or dark meat is preferred, it’s clearly not a good day to be a turkey. On Thanksgiving, over 51.5 million turkeys will be consumed in the US, with the average family spending $64.03 on the meal. Over 39 million US families will travel for the holiday.
Global Perspective: 
Before Black Friday, Cyber Monday, and Giving Tuesday, comes China’s Singles Day. On the consumer-driven holiday, Alibaba brought in $25 billion in sales, up from $18 billion last year. At one point, the company was seeing consumers buy 325,000 items per second. Retailers hope that the holiday will take root in other countries as well.
Market Moving Events: 
Monday: Leading Economic Indicators Tuesday: Existing Home Sales Wednesday: Durable Goods Order, Jobless Claims, Consumer Sentiment Thursday: Markets Closed Friday: Markets Close at 1PM EST
We expect that “tax reform fatigue” may be setting in with consumers, households, and investors alike. After a year of tax reform speculation, the House finally passed its version of the tax reform bill. And as a result the markets … barely moved on the week. The S&P 500 finished the week down -0.06% while the DJIA sank -0.19%.1 The NASDAQ finished in the black, up 0.54%.2 International equity markets were mixed; developed markets retreated -0.59% as emerging markets rallied 0.72%.3 10-year Treasuries were virtually unchanged. They finished the week trading at a yield of 2.35%.4 Economic data releases that underscore the health of the US economy continue to point to positive trends. Inflation remains tame at 2.05%,5 manufacturing looks stable with both the Philly Fed and Industrial Production (chart right) figures more or less in line with analyst estimates,6 and housing starts picked up 13.7% month-over-month.7 This week’s trading will be shortened in the US because of the Thanksgiving holiday. However, we will receive several key indicators that analysts expect to reaffirm the solid growth the economy is demonstrating. The geopolitical scene should not be ignored. Coalition government talks appear to be failing in Germany. The eurozone depends on political and economic stability from the Germans (and their checkbook!). Stay tuned. - Dan McElwee, CFP®
Chart of the Week: 
About Ventura Wealth Management: 
Ventura Wealth Management is an independent Registered Investment Advisor (RIA). Unparalleled service, objective advice, and comprehensive planning act as the central pillars of our client experience. We are dedicated to building long-term client relationships through diligent management, custom portfolios, client education, and ongoing financial review

Statistic of the Week:

Global Perspective:

 The Economist

Market Moving Data:

Chart of the Week:

Haver Analytics / The Federal Reserve Board


5.Bureau of Labor Statistics
6.Federal Reserve Board
7.Census Bureau
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