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Forté Capital's Selected Statistics

Personal Income

Personal income was unchanged for November, a decline from October's 0.5% gain. Labor income was unchanged, as average hourly earnings declined 0.1% and hours worked rose 0.1%. Wage growth has been meager, caused by a variety of factors including low inflation and companies' cost pressures. As the economy nears full employment and inflation pressures rise, wage growth will also rise.


U.S.
 & World Equity Indexes; 10/30/16; YTD Return;
S&P
 500; 2,199; 7.60%;
Dow
 Jones Industrials; 19,124; 9.70%;
Nasdaq
 Composite; 5,324; 6.30%;
Shanghai
 Composite (China); 3,250; −8.20%;
S&P
 BSE Sensex (India); 26,653; 2.00%;
Nikkei
 Stock Avg (Japan); 18,308; −3.80%;
CAC
 40 (France); 4,578; −1.30%;
DAX
 (Germany); 10,640; −1.00%;
FTSE
 100 (U.K.); 6,784; 8.70%;

Selected
 Interest Rates; 11/30/16; 10/31/16;
15-Year
 Mortgage; 3.25%; 2.78%;
30-Year
 Mortgage; 4.03%; 3.47%;
5-Year
 Treasury Bond; 1.83%; 1.31%;
10-Year
 Treasury Bond; 2.37%; 1.84%;
30-Year
 Treasury Bond; 3.02%; 2.58%;

Key
 Economic Statistics; Most Recent; Prior Month
National
Producer

 Price Index; 0.40%; 0.00%;
Consumer
 Price Index; 0.20%; 0.40%;
Unemployment
 Rate; 4.60%; 4.90%;
ISM
 Manufacturing Index; 53.20; 51.90;
ISM
 Services Index; 57.20; 54.80;
Change
 in Non-Farm Payroll Emp.; 178,000; 161,000;
New
 York State
Consumer
 Price Index - NY, NJ, CT; 0.20%; 0.10%;
Unemployment
 Rate; 5.10%; 5.20%;
NYS
 Index of Coincident Indicators; −1.90%; −0.90%

Consumer Price Index

The Consumer Price Index (CPI) rose 0.2% for November, down from October's 0.4% gain. Food was unchanged; energy prices rose 1.2%, a decline from September's 2.9% and October's 3.5% rises. Core CPI was up 0.2% after being up 0.1% in both September and October. The fiscal stimulus anticipated from the incoming President and Congress should lead to increased inflation.


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 3.10
Overall
 Long-Term Outlook 3.72
As
 of 11/30/16
4
3
4
4
Most




 Prior
Key Economic

Equity
 Market Statistics; 10/30/16; 10/31/16;
Dow
 Jones Industrials
Dividend
 Yield; 2.54%; 2.67%;
Price-to-Earnings
 Ratio (12 Mth Trailing); 20.01; 18.89;
Price-to-Book
 Value; 3.24; 3.07;
S&P
 500 Index
Earnings
 Yield; 4.79%; 4.79%;
Dividend
 Yield; 2.14%; 2.14%;
Price/Earnings
 (12 Mth Trailing); 20.90; 20.90;
Price/Earnings
 (2016 EPS Est); 19.45; 19.45;

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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