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May 15 , 2017
Statistic of the Week: 
A recent survey showed that women do not feel as confident about retirement as their male counterparts. Only 10% of women surveyed said they are “very confident” in their ability to retire with a comfortable lifestyle. 40% plan to retire after age 65, and 13% plan on never retiring.
Global Perspective: 
As Prime Minister Theresa May called for a snap election in the UK, the pound moved to its highest level in close to seven months at $1.28. The FTSE 100 dropped 2.5% on fears that a stronger pound will make it harder for British multinationals to hit revenue targets.
Market Moving Events: 
Monday: Dallas Fed Manufacturing Survey Tuesday: New Homes Sales, Consumer Confidence Wednesday: Petroleum Status Report Thursday: Jobless Claims, Durable Goods, International Trade, Pending Home Sales Friday: GDP, Consumer Sentiment, Employment Cost Index
Commentary: 
Markets were bumpy last week, with the DJIA up over 100 points Monday and Thursday, and down over 100 points Tuesday and Wednesday.1 Yet, the DJIA and S&P 500 ended the week in the black, with the S&P 500 advancing 0.87% and the Dow up 0.51%.2 International markets were mostly sideways on the week. Political uncertainty, at home and abroad, has been largely responsible for the uptick in volatility – the CBOE Volatility Index is up around 18% so far in the month of April.3 Fixed income investors have been the beneficiaries of this trend. The yield on the 10-year Treasury has fallen to 2.24%.4 Recently, this column has felt more like a geopolitical commentary than one of market evaluation and economics. However, political upheaval has been mirrored in market conditions. Over the weekend, in the French presidential elections, both Le Pen and Marcron advanced to the second round of voting as expected.5 Neither of the candidates hails from one of the mainstream French political parties – the first time this has happened in the history of the Fifth Republic.6 The second election will be held on May 7th. In the US, we are expecting to receive the Trump administration's much anticipated tax proposal.7 It is reported that the administration is still working on the details. But this is for certain: markets are expecting meaningful reform. Anything short could cause more volatility. Add in a potential US government shutdown, more earnings reports, and a first look at Q1 GDP, and things could be interesting. - 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
Sources: 

Statistic of the Week

 Employee Benefit Advisor

 

Global Perspective:

 The Economist

 

Market Moving Data:

Bloomberg.com

 

Chart of the Week:

Haver Analytics / National Association of Realtors

 

Commentary:

1.Bloomberg
2.Bloomberg
3.John Hancock Asset Management
4.Bloomberg
5. The Economist
6. The Economist
7.CNBC
 
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Fax: 609.671.9199

 

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