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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
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: 
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Statistic of the Week:

National Center for Education Statistics

Global Perspective:

 The Economist

Market Moving Data:

Chart of the Week:

Haver Analytics / Census Bureau


4. Barron’s
5. Barron’s
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