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October 16 , 2017
Statistic of the Week: 
Americans over 50 riding bikes is increasing - likely in an effort to combat diabetes and heart disease. The number of Americans over 50 riding bicycles increased 62% from 2001 to 2009, racking up an average of 20 miles per year. The increase in riders in the general population was only 22%.
Global Perspective: 
The Ukrainian economy may be seeing its worst days behind it, but by no means has it entered boom times. The economy shrank by 20% since 2013, and the hryvnia, the country’s currency, has lost about 70% of its value over the past two years. Some positives: hiring has picked up, and recent economic growth has moved into the black.
Market Moving Events: 
Monday: Dallas Fed Manufacturing Index Tuesday: Case-Shiller Home Price Index, Consumer Confidence Wednesday: Petroleum Status Report, Pending Home Sales Thursday: Jobless Claims, Chicago PMI Friday: Markets Closed
Commentary: 
The markets were hoping for, and received, a brief Santa Claus rally in last week’s shortened trading sessions. The S&P 500 rose just under 1% and the DJIA climbed just over 0.3%.1 Year-to-date figures for both indices remain lackluster. Indeed, this week’s movement will determine if we finish the year in the black or the red by a likely razor thin margin. Positive momentum in domestic equities had little impact on the fixed income markets. The 10-year Treasury was virtually unchanged on the week, ending with a yield of 2.25%.2 Looking across the globe, many will be happy to resign 2015 to the history books. While volatility has increased, few markets showed positive performance (notably, our domestic near-zero returns look good by comparison). Developed international stocks, as represented by the MSCI EAFE, are in the red so far,3 and the emerging markets, crippled by soft Chinese demand and a strengthening US dollar, are down over 13%.4 The US consumer, with a focus on select tech, travel, and retail, have aided very narrow slices of the domestic equity markets. Heading in 2016, there are a few positives we can build on. The consumer (and unemployment- chart right) is strong, Congress passed a budget that by all accounts should bolster GDP, and global growth, while not robust, is not rolling over either. Happy New Year?
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 Wall Street Journal

 

Global Perspective:

The Economist

 

Market Moving Data:

Bloomberg.com, Stratfor.com

 

Chart of the Week:

Haver Analytics / Department of Labor

 

Commentary:

1.Bloomberg
2.Bloomberg
3.Bloomberg
4.Bloomberg 
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Fax: 609.671.9199

 

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