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February 12 , 2018
Statistic of the Week: 
It should come as no surprise that income levels and longevity are correlated. The top 1% of male income earners live 15 years longer than the lowest 1% on average. For women, the same wealth gap creates a 10 year longevity difference.
Global Perspective: 
The Panama Papers have exposed attempts by politicians from across the globe to shelter money from their home countries. The absence of a large number of Americans in the Papers has been noted, Many rich Americans utilize shell companies in states like Delaware, Nevada, Wyoming, and South Dakota, and don’t need to go abroad.
Market Moving Events: 
Monday: Housing Market Index Tuesday: Housing Starts Wednesday: Existing Home Sales, Petroleum Status Report Thursday: Jobless Claims, Philadelphia Fed Business Outlook Friday: PMI Manufacturing Flash Index
Commentary: 
The domestic equity markets picked up steam last week, with the DJIA adding 1.85% and the S&P 500 climbing 1.65%.1 The magnitude of last week’s move accounted for about half of both indices year-to-date performance. The fixed income markets, as represented by the 10-year Treasury, were virtually unchanged. The 10-year closed the week yielding 1.76%.2 Over the weekend, the Doha summit came to a standstill, without regional oil producers coming to a consensus regarding capping oil production.3 Iran had decided not to attend, and reports indicate that the Saudis would not decrease their output unless other major oil producers did the same.4 This caused the talks to stall and led to a decline in the price of crude. The oil minister from Qatar, Mohammed Saleh al Sada, indicated that those at the conference needed more time to come to an agreement, and that ”improved fundamentals” were affording them the time necessary put together a working plan.5 In reality, it appears as though the negotiations have completely gone by the wayside. Volatility in energy prices is likely to remain as speculation abounds about future agreements. Be wary of possible contagion in the equity markets. -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:

The New York Times

 

Global Perspective:

The Week

 

Market Moving Data:

Bloomberg.com

 

Chart of the Week:

Haver Analytics / FRB

 

Commentary:

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

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Fax: 609.671.9199

 

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