ISM Manufacturing Index

There are further signs of a slowing economy in 2019. The Institute for Supply Management (ISM) Manufacturing Index, while still above 50%, has continued its downward trend, which began in late 2018.

U.S. & World Equity Indexes; 5/28/19; YTD Return
S&P 500; 2,826; 12.70%
Dow Jones Industrials; 25,585; 9.70%
Nasdaq Composite; 7,637; 15.10%
Shanghai Composite (China); 2,892; 16.00%
S&P BSE Sensex (India); 39,683; 10.00%
Nikkei Stock Avg (Japan); 21,1827; 5.80%
CAC 40 (France); 5,336; 12.80%
DAX (Germany); 12,071; 14.30%
FTSE 100 (U.K.); 7,277; 8.20%
Selected Interest Rates; 5/28/19; 4/28/19
15-Year Mortgage; 3.51%; 3.64%
30-Year Mortgage; 4.06%; 4.20%
5-Year Treasury Bond; 2.12%; 2.33%
10-Year Treasury Bond; 2.32%; 2.54%
30-Year Treasury Bond; 2.75%; 2.94%
Key Economic Statistics; Most Recent; Prior Month
National
Producer Price Index; 0.20%; 0.60%
Consumer Price Index; 0.30%; 0.40%
Unemployment Rate; 3.60%; 3.80%
ISM Manufacturing Index; 52.80; 55.30
ISM Services Index; 55.50; 56.10
Change in Non-Farm Payroll Emp.; 263,000; 196,000
New York State
Consumer Price Index - NY, NJ, CT; 0.30%; 0.30%
Unemployment Rate; 3.90%; 3.9%(Rev)
Empire State Manufacturing Survey; 17.80%; 10.10%

Nonfarm Payroll

Despite some signs of slowing, the U.S. economy continues to create jobs. Last month the U.S. Bureau of Labor Statistics announced 263,000 new jobs, confirming the strength in the labor market. The unemployment rate ticked down to 3.6 in April.

Equity Market Statistics; Most Recent; Prior Month
Dow Jones Industrials; 5/28/19; 4/28/19
Dividend Yield; 2.34%; 2.35%
Price/Earnings (12 Mth Trailing); 17.86; 17.51
Price/Earnings (Projected); 16.52; 15.77
S&P 500 Index; 5/28/19; 4/28/19
Dividend Yield; 1.95%; 2.00%
Price/Earnings (12 Mth Trailing); 18.94; 18.94
Price/Earnings (Projected); 17.27; 16.58

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.