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March 20 , 2017
Statistic of the Week: 
Thinking of retiring? A recent study said that your “projected salary replacement ratio” should be about 85% of your current income. For those making $30,000 / year, the most Social Security will replace is 65.4%. Our experience tells us that most families should plan on spending 100% of their pre-retirement income.
Global Perspective: 
2016 came to a timely end for Swiss watchmakers… The industry that may very well define the Swiss economy had their worst year since 1984. Manufacturers were blaming the strong Swiss franc (think falling euro) and “increasingly frugal Asian tourists.”
Market Moving Events: 
Monday: Consumer Credit Tuesday: Wholesale Trade Wednesday: Petroleum Status Report Thursday: Jobless Claims, Import Export Prices Friday: Producer Price Index, Retail Sales, Business Inventories, Consumer Sentiment, Rig Count
Commentary: 
Global equity markets started the year off on solid ground, with the S&P 500 and the DJIA both rising by over 1% last week,1 while the MSCI EAFE rose 1.78% and MSCI Emerging Markets rose 2.20%.2 Fixed income yields showed some stability, with the yield on the 10-year Treasury falling to 2.42%.3 Most of the news was centered on the DJIA, with investors clamoring about “Dow 20,000.” The index hit 19,999.63,4 but never touched the 20,000 mark – horseshoes and hand grenades. There are two macro news cycle items that will likely influence investor sentiment over the coming weeks. First, earnings season kicks off tonight with Alcoa’s release. Many of the companies that have risen as part of the “Trump Rally” look and feel a lot like Alcoa. We expect to hear them voice concerns about things like the “strong dollar.” Remember, stocks like Alcoa have risen on the speculation surrounding the President-elect’s policies. While there has been some uptick in global growth, this earnings’ season may not be everything investors hoped. Second, the confirmation hearings of some of the cabinet officials begin on Wednesday. This process looks as though it will have some fireworks. Domestic equities have risen with the anticipation that the President-elect will get the policies he desires relatively quickly. If his cabinet posts go unfilled, this becomes a larger uphill battle. This week is relatively light on economic news, so we expect earnings and the hearings to take center stage. - 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:

Benefits Pro Magazine

 

Global Perspective:

Bloomberg Businessweek

 

Market Moving Data:

Bloomberg.com

 

Chart of the Week:

Haver Analytics / Bureau of Labor Statistics

 

Commentary:

1.Bloomberg
2.Bloomberg
3.Bloomberg
4.CNBC
 
Contact Information: 

Phone: 609.671.9100

Toll Free: 866.899.0068

Fax: 609.671.9199

 

www.VenturaWealth.com

 

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