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May 2016  »  Forté Capital's Selected Statistics

Forté Capital's Selected Statistics

Crude Oil Inventories

The American Petroleum Institute reported a 2.1 million-barrel build for the week ending April 15. A jump in the pace of imports, to 247,000 million barrels per day, was the major driver in the build, while domestic production declined by 24,000 million barrels per day. Overall, crude oil inventories were 10.1% higher than they were a year ago. Refinery demand increased from 89.2% to 89.4%; however, utilization remains below historical averages for this time of year. With domestic production falling and prices rising, oil prices are expected to reach $48 a barrel by the end of 2016 and average $56 in 2017, according to Moody's Analytics.

Equity Indexes; 3/31/16; YTD Return S & P 500; 2,060; 0.80% Dow Jones Industrials; 17,685; 1.50% NASDAQ Composite; 4,870; 2.70% Shanghai Composite (China); 3,004; 15.10% S&P BSE Sensex (India); 25,342; 3.00% Nikkei Stock Avg (Japan); 16,759; 12.00% CAC 40 (France); 4,385; 5.40% DAX (Germany); 9,966; 7.20% FTSE 100 (U.K.); 6,175; 1.10%
Selected Interest Rates; 3/31/16; 2/29/16 15-Year Mortgage; 2.98%; 2.93% 30-Year Mortgage; 3.71%; 3.62% 5-Year Treasury Bond; 1.21%; 1.22% 10-Year Treasury Bond; 1.78%; 1.74% 30-Year Treasury Bond; 2.61%; 2.61%
Key Economic Statistics; Most Recent; Prior Month National Producer Price Index; 0.10%; 0.20% Consumer Price Index; 0.10%; 0.20% Unemployment Rate; 5.00%; 4.90% ISM Manufacturing Index; 51.80; 49.50 ISM Services Index; 54.50; 53.40 Change in Non-Farm Payroll Emp.; 215,000; 242,000 New York State Consumer Price Index - NY, NJ, CT; 0.20%; 0.20% Unemployment Rate; 4.80%; 4.90%

New York Empire State Manufacturing Survey

The New York Empire State Manufacturing Survey$which measures sentiment among manufacturers and in which a negative reading represents contraction and a positive reading represents expansion$rose from 0.6 to 9.6, its highest level since 2015. Over the past two months, the index has added more than 25 points, which is the largest two-month gain in nearly seven years and indicates that manufacturers are expanding more aggressively. The pickup in this month's index also reflects broader macroeconomic factors. The strong U.S. dollar has functioned as a major headwind for U.S. multinationals. The appreciation of the dollar has slowed, relieving some of the pressures facing U.S. manufacturers relative to foreign competitors.

Forté Capital's Proprietary Bullish Neutral Bearish Market Risk Barometer; 10; 9; 8; 7; 6; 5; 4; 3; 2; 1 Market Valuation Monetary Environment Investor Psychology Internal Market Technicals Overall Short-Term Outlook; 4.56 Overall Long-Term Outlook; 5.60 As of 3/31/16 4 6 4 5 Most Prior Key Economic
Equity Market Statistics; 3/31/16; 2/29/16 Dow Jones Industrials Dividend Yield 2.64%; 2.83%; Price-to-Earnings Ratio (12-Mth Trailing); 17.01; 16.04 Price-to-Book Value; 2.99; 2.82 S&P 500 Index Earnings Yield 4.88%; 5.20% Dividend Yield 2.15%; 2.19% Price/Earnings (12-Mth Trailing as Rpt); 20.51; 19.24 Price/Earnings (Estimated 2014 EPS); 17.53; 16.30

The information herein was obtained from various sources believed to be accurate; however, Forté Capital does not guarantee its accuracy or completeness. This report was prepared for general information purposes only. Neither the information nor any opinion expressed constitutes an offer to buy or sell any securities, options, or futures contracts. Forté Capital's Proprietary Market Risk Barometer is a summary of 30 indicators and is copyrighted by Forté Capital LLC. For further information, visit www.fortecaptial.com, send a message to info@forte-capital.com, or call 866-586-8100.

 
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