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June 19 , 2017
Statistic of the Week: 
70% of people over the age of 65 will require long-term care services at some point – the average annual cost for a private room in a US nursing home is $87,600. 40% of the 13 million people receiving LTC are between the ages of 18 and 64.
Global Perspective: 
The Japanese economy contracted in the second quarter 1.6%. The fall in GDP marked the first negative growth rate since the middle of 2014, when a tax increase stalled spending. Private consumption is weak, and business investment fell.
Market Moving Events: 
Tuesday: S&P Case-Shiller HPI, New Home Sales, Consumer Confidence Wednesday: Durable Goods Orders, Petroleum Status Report Thursday: Jobless Claims, GDP Friday: Personal Income and Outlays, Consumer Sentiment
Commentary: 
Equity markets could not find a bid last week, as global indices were under severe pressure. The DJIA worked its way into correction territory1 (10% off peak valuations) while the S&P 500 and NASDAQ still remained above the correction level. Trading action saw the S&P decline 5.71%,2 pushing the index into negative territory on the year; the NASDAQ is barely positive year to date.3 As investors went looking for “safety” assets, gold was pushed higher and the 10-year Treasury rallied, with its yield falling to 2.05%.4 Weakness in China and the energy sector continue to weigh heavily on the markets and investor sentiment. Economists and investors alike have been eyeing Chinese economic data with suspicion for some time. West Texas Oil fell below $40/barrel for the first time since 2009, and copper fell below $5,000/metric ton for the first time in six years.5 These are not insignificant events, and the ripple effect is being felt across the globe. In periods like the one we are currently experiencing, it is critical to remember the fundamentals and make decisions based on sound judgement. Volatile fluctuations over a day, week, or even month shake out some investors, and create opportunities for others. With Monday already off to a turbulent start, we are likely to experience more volatility before markets begin behaving in a rational fashion. Diligence, and patience, are warranted. - 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.Bloomberg
5.Goldman Sachs Asset Management

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