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April 24 , 2017
Statistic of the Week: 
President Obama is scheduled to unveil the revised Clean Power Plan on Monday. The initiative proposes cutting greenhouse emissions from power stations in the US by 32%. The energy industry is preparing to fight the plan.
Global Perspective: 
After closing five weeks ago at the height of its debt crisis, the Greek stock market opened for trading Monday. At the open, the market collapsed approximately 23%. The banking sector, comprising about 20% of the index, fared exceptionally poorly.
Market Moving Events: 
Monday: Vehicle Sales, Personal Income, ISM Manufacturing, Construction Spending Tuesday: Factory Orders Wednesday: International Trade, ISM Non-Manufacturing Thursday: Jobless Claims Friday: Employment Situation
Commentary: 
Domestic equity indices advanced last week, as investors in the US took positive notes from the Federal Reserve’s confidence in the US economy. The S&P 500 rose 1.19% and the DJIA trailed, climbing 0.80%.1 The international markets were mixed with the MSCI EAFA increasing 1.02%, while Chinese equities continued their decline.2 The 10-year Treasury, which causes many prognosticators to shout “ it must go higher,” saw its yield fall again last week – finishing the week at 2.20%.3 The two most significant domestic news items from last week were the Federal Reserve and GDP announcements. The Fed maintained interest rates near zero, but was keen to mention the tight labor market and concerns over low inflation.4 Investor angst over central bank maneuvers remains high. Second quarter GDP saw growth of a seasonally adjusted 2.3% rate,5 below analyst expectations. First quarter growth, however, was revised higher to a rate of 0.6%.6 While the labor markets are improving and the consumer appears confident, these factors are not translating into improved domestic growth. Humdrum news and earnings since the start of the year have caused domestic markets to remain largely range-bound so far in 2015 (chart right). Without a catalyst, it’s hard to imagine significant market movement in either direction. - 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: 
1.Bloomberg
2.Bloomberg
3.Bloomberg
4.Goldman Sachs Asset Management
5.Commerce Department
6.Commerce Department

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