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November/December 2022, Columns |
February 2022

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Forté Capital’s Selected Statistics

12-Month Change in Inflation

The perception of inflation has evolved from “transitory” in 2021 to “stubborn” in 2022, due in part to wage pressure and the persistence of a tight labor market. The Federal Reserve will continue to monitor employment data for signs of weakness. It may take a recession and more rate hikes to bring inflation back into the Federal Reserve’s comfort zone in the new year.

U.S. & World Equity Indexes; 12/20/22; YTD Return S&P 500; 3,829; -19.66% Dow Jones Industrials; 32,900; -9.46% Nasdaq Composite; 10,563; -32.48% Shanghai Composite (China); 3,073; -15.55% S&P BSE Sensex (India); 61,702; 5.92% Nikkei Stock Avg (Japan); 26,568; -7.72% CAC 40 (France); 6,450; -9.82% DAX (Germany); 13,884; -12.59% FTSE 100 (U.K.); 7,370; -0.19%
Selected Interest Rates; 12/20/22; Prior Period 15-Year Mortgage; 5.54%; 6.09% 30-Year Mortgage; 6.31%; 6.92% 5-Year Treasury Bond; 3.70%; 4.21% 10-Year Treasury Bond; 3.57%; 4.01% 30-Year Treasury Bond; 3.62%; 4.04%
Key Economic Statistics; Most Recent; Prior Period National Producer Price Index; 0.30%; 0.20% Consumer Price Index; 0.10%; 0.40% Unemployment Rate; 3.70%; 3.50% ISM Manufacturing Index; 49.00; 50.20 ISM Services Index; 56.50; 54.40 Change in Non-Farm Payroll Emp.; 263,000; 261,000 New York State Consumer Price Index - NY, NJ, CT; 0.20%; 0.20% Unemployment Rate; 4.30%; 4.70% Empire State Manufacturing Survey; -11.10%; -9.10%

U.S. Treasury Yield Curve

The Treasury yield curve is inverted from the 1-year rate to the 30-year, indicating the potential for a recession in the next 12 months. Recent commentary from the Federal Reserve indicated that there will be additional interest rate increases in 2023, which could increase the potential for recession.

Equity Market Statistics; Most Recent; Prior Period Dow Jones Industrials; 12/20/22; 10/15/22 Dividend Yield; 2.04%; 2.43% Price/Earnings (12-Mth Trailing); 21.03; 16.51 Price/Earnings (Projected); 19.06; 15.34 S&P 500 Index; 12/20/22; 10/15/22 Dividend Yield; 1.65%; 1.88% Price/Earnings (12-Mth Trailing); 19.69; 19.69 Price/Earnings (Projected); 18.30; 15.39

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 info@forte-capital.com, or call 866-586-8100 and ask for David W. Henion, CPA, or Larry H. Rabinowitz, CPA/PFS.

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