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April 24 , 2017
Statistic of the Week: 
The alarming number of Americans using smartphones behind the wheel is driving the cost of car insurance higher. 36% of drivers recently admitted to texting while driving, while 29% said that they access the internet. For 2016 insurance rates increased 6.5% on average, and are expected to climb 8% this year.
Global Perspective: 
Inflation seems to be on the rise. In the US, the annual inflation rate rose to 2.5% in January, while it increased to 1.8% in the United Kingdom. Higher oil, clothing, and car prices, coupled with currency fluctuations, are being blamed for the increases in consumer goods. This will likely help bolster central bank policy in the US.
Market Moving Events: 
Monday: US Markets Closed Tuesday: PMI Manufacturing Index Wednesday: Existing Home Sales, FOMC Meeting Minutes Thursday: Jobless Claims, Wholesale Trade Friday: New Home Sales, Consumer Sentiment
Commentary: 
Domestic markets moved higher last week, with the S&P 500 rising 1.6% and the DJIA rallying 1.88%.1 The DJIA finished Friday up seven days in a row, and if it closes higher today, it will be the longest winning streak since July of 2016.2 The S&P 500 has moved higher four weeks in a row.3 The NASDAQ matched the Dow’s performance, and international markets, while positive on the week, lagged.4 As equities have been steadily rising since the start of the year, there has been little top-line movement in the US Treasury markets. The 10-year closed last week with a yield of 2.42%, virtually unchanged on the week, and the year.5 While the domestic stock market has put in solid gains so far in 2017 (it’s prudent to remember that it is only the middle of February and much of the year still remains ahead of us), the lack of movement in fixed income securities is a notable story. Fed Chair Janet Yellen’s testimony last Wednesday pushed the yield on the 10-Year Treasury up to 2.51% (the highest level in about a month), before it declined by week’s end.6 Yellen’s commentary highlighted the Fed’s fear that holding off too long on an interest rate hike may increase risks to the economy,7 even if these actions were to slow the rate of increase in the stock market and cause losses in the fixed income markets. This is not a time for “set it and let it” investment strategies. - 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 Wall Street Journal

 

Global Perspective:

The Economist, John Hancock Asset Management

 

Market Moving Data:

Bloomberg.com

 

Chart of the Week:

Haver Analytics / The Conference Board

 

Commentary:

1.Bloomberg
2.CNBC
3.CNBC
4.Bloomberg
5.Bloomberg
6.Bloomberg
7.John Hancock Asset Management
 
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Fax: 609.671.9199

 

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