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Forté Capital's Selected Statistics

Producer Price Index

The producer price index (PPI) for final demand fell 0.1% in March, and it is up 3.3% annualized. The weakness in March can be attributed to energy, which dropped 2.9%; specifically, gasoline was down 8.3%. Excluding food and energy, the final demand goods PPI was up 0.4%. Inflation is moving toward the Federal Reserve's target, but the PPI decline in March is a reminder that there will be some bumps along the way. The reduced slack in the economy is putting upward pressure on inflation and some Federal Reserve officials have expressed desire to raise rates again in order to stay ahead of any inflation.


U.S.
 & World Equity Indexes; 3/31/17; YTD Return
S&P
 500; 2,363; 5.50%
Dow
 Jones Industrials; 20,663; 4.60%
NASDAQ
 Composite; 5,912; 9.80%
Shanghai
 Composite (China); 3,223; 3.80%
S&P
 BSE Sensex (India); 29,621; 11.20%
Nikkei
 Stock Avg (Japan); 18,909; -1.10%
CAC
 40 (France); 5,123; 5.40%
DAX
 (Germany); 12,313; 7.20%
FTSE
 100 (U.K.); 7,323; 2.50%

Selected
 Interest Rates; 3/31/17; 2/28/17
15-Year
 Mortgage; 3.39%; 3.37%
30-Year
 Mortgage; 4.41%; 4.16%
5-Year
 Treasury Bond; 1.93%; 1.89%
10-Year
 Treasury Bond; 2.40%; 2.36%
30-Year
 Treasury Bond; 3.02%; 2.97%

Key
 Economic Statistics; Most Recent; Prior Month
National
Producer

 Price Index; -0.10%; 0.30%
Consumer
 Price Index; -0.30%; 0.10%
Unemployment
 Rate; 4.50%; 4.70%
ISM
 Manufacturing Index; 57.20; 57.70
ISM
 Services Index; 55.20; 57.60
Change
 in Non-Farm Payroll Emp.; 98,000; 235,000
New
 York State
Consumer
 Price Index - NY, NJ, CT; 0.00%; 0.30%
Unemployment
 Rate; 4.30%; 4.60%
NYS
 Index of Coincident Indicators; 5.20%; 0.50%

Consumer Price Index

The consumer price index (CPI) fell 0.3% in March, following a 0.1% gain in February, and it is up 3.1% annualized. The energy component dropped 3.2% in March; gasoline prices were down 6.1%. Excluding food and energy, the CPI fell 0.1%. Since 1995, year over year growth in the core CPI has averaged 2.1%, just below the Federal Reserve's inflation target of 2.5%.


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 4.30
Overall
 Long-Term Outlook 4.30
As
 of 3/31/17
3
3
5
5
Most




 Prior
Key Economic

Equity
 Market Statistics; 3/31/17; 2/28/17
Dow
 Jones Industrials
Dividend
 Yield; 2.45%; 2.42%
Price/Earnings
 (12 Mth Trailing); 20.32; 20.55
Price/Earnings
 (Projected); 17.27; 17.39
S&P
 500 Index
Dividend
 Yield; 2.02%; 2.02%
Price/Earnings
 (12 Mth Trailing); 23.68; 24.34
Price/Earnings
 (Projected); 17.57; 18.11

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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