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Forté Capital's Selected Statistics

Consumer Price Index

CPI rose 0.4% in April, the largest monthly gain since 2013, with energy rising 3.4% and food prices rising 0.2%. Excluding food and energy, the CPI rose 0.2%. This moves the rate closer to the target set by the Federal Reserve, which is watching inflation closely as it decides whether to raise interest rates.

Equity Indexes; 4/30/16; YTD Return
S&P
 500; 2,065; 1.00%
Dow
 Jones Industrials; 17,774; 2.00%
Nasdaq
 Composite; 4,775; 4.60%
Shanghai
 Composite (China); 2,738; 22.60%
S&P
 BSE Sensex (India); 24,871; 4.80%
Nikkei
 Stock Avg (Japan); 17,518; 8.00%
CAC
 40 (France); 4,417; 4.70%
DAX
 (Germany); 9,798; 80.00%
FTSE
 100 (U.K.); 6,084; 2.50%
Selected Interest Rates; 4/30/16; 3/31/16
15-Year
 Mortgage; 2.98%; 2.98%
30-Year
 Mortgage; 3.66%; 3.71%
5-Year
 Treasury Bond; 1.28%; 1.21%
10-Year
 Treasury Bond; 1.83%; 1.78%
30-Year
 Treasury Bond; 2.66%; 2.61%

Key
 Economic Statistics; Most Recent; Prior Month
National
Producer

 Price Index; 0.20%; 0.10%
Consumer
 Price Index; 0.40%; 0.10%
Unemployment
 Rate; 5.00%; 5.00%
ISM
 Manufacturing Index; 50.80; 51.80
ISM
 Services Index; 55.70; 54.50
Change
 in Non-Farm Payroll Emp.; 160,000; 215,000
New
 York State
Consumer
 Price Index - NY, NJ, CT; 0.40%; 0.20%
Unemployment
 Rate; 4.90%; 4.80%
NYS
 Index of Coincident indicators; 3.90%; 4.50%

Productivity & Costs

The economy's productivity slowdown continued in the first quarter of 2016, in line with expectations. Nonfarm business productivity fell 1% during the quarter. Employee hours worked increased 1.5%, and output increased 0.4%. Compensation per hour rose 3%, implying an increase in unit labor costs of 4.1%. Compensation growth, coupled with productivity decline, has increased unit labor costs significantly.


Forté
 Capital's Proprietary Bullish Neutral Bearish
Market
 Risk Barometer; 10; 9; 8; 7; 6; 5; 4; 3; 2; 1;
Market
 Valuation; 4
Monetary
 Environment; 6
Investor
 Psychology; 4
Internal
 Market Technicals; 5
Overall
 Short-Term Outlook; 4.22
Overall
 Long-Term Outlook; 5.49
As
 of 4/30/16
Most
 Prior
Key
 Economic
Equity Market Statistics; 4/30/16; 3/31/16
Dow
 Jones Industrials
Dividend
 Yield 2.64%; 2.64%;
Price-to-Earnings
 Ratio (12-Mth Trailing); 17.09; 17.01
Price-to-Book
 Value; 3.01; 2.99
S&P
 500 Index
Earnings
 Yield; 4.78%; 4.88%
Dividend
 Yield; 2.22%; 2.15%
Price/Earnings
 (12-Mth Trailing as Rpt); 20.91; 20.51
Price/Earnings
 (Estimated 2014 EPS); 17.99; 17.53

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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