Forté Capital’s Selected Statistics

Non-Farm Payroll

The recent non-farm payroll data rose by 235,000 jobs in August, but this shows a break from the rising trend that began in April 2021. The unemployment edged down 0.2%, to 5.2%, the lowest level since the recession of February–April 2021. Concerns over rising infection rates from the COVID-19 delta variant appear to have slowed hiring in the near term.

U.S. & World Equity Indexes; 9/7/21; YTD Return
S&P 500; 4,520; 20.34%
Dow Jones Industrials; 35,096; 14.67%
Nasdaq Composite; 15,378; 19.34%
Shanghai Composite (China); 3,530; 1.65%
S&P BSE Sensex (India); 3,676; 6.92%
Nikkei Stock Avg (Japan); 29,916; 9.01%
CAC 40 (France); 6,725; 21.36%
DAX (Germany); 15,848; 15.95%
FTSE 100 (U.K.); 7,156; 10.87%
Selected Interest Rates; 9/7/21; Prior Period
15-Year Mortgage; 2.18%; 2.26%
30-Year Mortgage; 2.43%; 2.98%
5-Year Treasury Bond; 0.78%; 0.86%
10-Year Treasury Bond; 1.33%; 1.44%
30-Year Treasury Bond; 1.94%; 2.05%
Key Economic Statistics; Most Prior; Recent Month
National
Producer Price Index; 1.00%; 1.00%
Consumer Price Index; 0.50%; 0.90%
Unemployment Rate; 5.20%; 5.40%
ISM Manufacturing Index; 59.90; 59.50
ISM Services Index; 61.70; 64.10
Change in Non-farm Payroll Emp.; 235,000; 943,000
New York State
Consumer Price Index - NY, NJ, CT; -0.10%; 0.50%
Unemployment Rate; 7.60%; 7.70%
Empire State Manufacturing Survey; 18.30%; 43.30%

12-Month Change in CPI

Consumer prices have risen by over 5% in the last 12 months, led by energy prices, particularly gasoline, which has increased by 41.8% during the period. The other standout is used vehicle prices, which rose 41.7%–fueled, in part, by the scarcity of new vehicles due to a worldwide computer chip shortage and various other supply chain disruptions. It may take another year for the chip market to come back into equilibrium.

Equity Market Statistics; Most Recent; Prior Month
Dow Jones Industrials; 9/7/21; 7/6/21
Dividend Yield; 1.81%; 1.80%
Price/Earnings (12-Mth Trailing); 23.20; 28.52
Price/Earnings (Projected); 19.03; 20.22
S&P 500 Index; 9/7/21; 7/6/21
Dividend Yield; 1.33%; 1.40%
Price/Earnings (12-Mth Trailing); 30.99; 39.90
Price/Earnings (Projected); 22.12; 22.27

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.