Effective Federal Funds Rate, 1954–2018
Much of the anxiety seen in the stock markets in the fourth quarter of 2018 was the result of aggressive comments emanating from the Federal Reserve regarding the disposition of the securities on its balance sheet. Suffice it to say that short-term interest rates are being “normalized”—that is, brought back into historical norms from the lows of 2008.
ISM Manufacturing PMI
According to ISM data compiled through November 2018, the manufacturing sector has rebounded from its two-month downward trend. As economies around the world slow in 2019 and full employment puts pressure on wages, the industrial sector will be under pressure to continue its growth in revenue and earnings.
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.fortecapital.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.