Click here to download a pdf of The Profit Margin

To download this weeks The Profit Margin.

October 16 , 2017
Statistic of the Week: 
It’s “back to school” time across much of the country. In 2017, there will be approximately 50.7 million students in public elementary and secondary schools. There are an additional 5.2 million students in private schools supporting those grade levels. These figures are slightly higher than 2016.
Global Perspective: 
Surprising those following the matter, the Brazilian government decided to divest itself and privatize the giant utility company, Electrobras. Electrobras is the country’s largest utility firm. While the government did not say how much of their stake they would sell, it is expected to be the most profitable privatization for the country since the mid 90’s.
Market Moving Events: 
Tuesday: JOLTS Wednesday: Treasury Budget, Producer Price Index, Petroleum Status Report Thursday: Jobless Claims, Consumer Price Index Friday: Retail Sales, Empire State Manufacturing Index, Consumer Sentiment
Commentary: 
Reeling from the devastation caused by Hurricane Harvey, and preparing for the impact of Hurricane Irma … throw in North Korea testing ICBM technology and a Republican President making a deal with the Democrats in Congress (leaving Republicans on the sidelines), and you get a pretty interesting week in market movements. The DJIA, S&P 500 and NASDAQ all finished the week lower. The DJIA fell -0.86%,1 while the S&P 500 faired a little better, retracting -0.61%.2 The concerns over the weather, nuclear politics, and the President’s end-run around his own party caused movement in the Treasury markets as well as other safe-haven investments. The 10-year Treasury closed the week with a yield of 2.06%,3 down about ten basis points from the week prior. As Hurricane Irma is currently menacing Florida, the historic impact of hurricanes on financial markets should be noted (by no means belittling the human toll). Analysts from JP Morgan highlight that the S&P 500 typically drops about 2% when hurricanes make landfall,4 but over time, these loses are recovered as there is a surge in sectors that help in the rebuilding efforts. The President’s surprise deal with Democrats secured $15 billion in relief for victims of Harvey and Irma, and also functioned as a way to raise the debt ceiling and keep the government functioning until mid-December.5 While the markets don’t particularly care for this type of uncertainty, seeing some cross-aisle cooperation in a time of national crisis is refreshing. - 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:

National Center for Education Statistics

Global Perspective:

 The Economist

Market Moving Data:

Bloomberg.com

Chart of the Week:

Haver Analytics / Census Bureau

Commentary:

1.Bloomberg
2.Bloomberg
3.Bloomberg
4. Barron’s
5. Barron’s
 
Contact Information: 

Phone: 609.671.9100

Toll Free: 866.899.0068

Fax: 609.671.9199

 

www.VenturaWealth.com

 

Visit Our Blog:
www.VenturaWealth.com/Our-Blog

 

200 Princeton South Corporate Center

Suite 150

Ewing, NJ 08628

Pages

Securities offered through American Portfolios Financial Services, Inc. (APFS) Member FINRA/SIPC. Investment Advisory Services offered through Ventura Wealth Management is not affiliated with APFS and APAI.Any opinions expressed in this forum are not the opinion or view of American Portfolios Financial Services, Inc. (APFS) or American Portfolios Advisors, Inc. (APA) and have not been reviewed by the firm for completeness or accuracy. These opinions are subject to change at any time without notice. Any comments or postings are provided for informational purposes only and do not constitute an offer or a recommendation to buy or sell securities or other financial instruments. Readers should conduct their own review and exercise judgment prior to investing. Investments are not guaranteed, involve risk and may result in a loss of principal. Past performance does not guarantee future results. Investments are not suitable for all types of investors.