On the whole, the most recent economic data portends a slight lessening of domestic growth. While employment trends are positive, the ISM manufacturing data suggests a marginally lower growth rate. Lower inflation readings also suggest less demand pressure on prices in the near term. This will no doubt be well received at the Federal Reserve, which is in the process of shedding hundreds of billions of assets on its outsized balance sheet.
Net Change in U.S. Non-Farm Payrolls
Non-farm payrolls rebounded last month as the dampening effect of September’s natural disasters receded. In a related development, the U.S. unemployment rate dropped to 4.1%, reflecting a continued strengthening in the workforce.
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 [email protected], or call 866-586-8100 and ask for David W. Henion, CPA, or Larry H. Rabinowitz, CPA/PFS.