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January/February 2023, Columns |
April 2023

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Forté Capital’s Selected Statistics

U.S. Existing Home Sales

Home sales, new and existing, have weakened due to the sharp increase in mortgage rates last year. The end of sub-3% 30-year financing has put pressure on home prices and has chilled most U.S. residential housing markets. In fact, the most recent measure of monthly sales has returned to the level of June 2020.

U.S. & World Equity Indexes; 2/22/23; YTD Return S&P 500; 4,001; 4.23% Dow Jones Industrials; 33,029; −0.36% Nasdaq Composite; 11,556; 10.42% Shanghai Composite (China); 3,275; 6.42% S&P BSE Sensex (India); 59,605; −2.03% Nikkei Stock Avg (Japan); 27,104; 3.87% CAC 40 (France); 7,317; 13.03% DAX (Germany); 15,475; 11.15% FTSE 100 (U.K.); 7,907; 6.12%
Selected Interest Rates; 2/22/23; Prior Period 15-Year Mortgage; 5.76%; 5.54% 30-Year Mortgage; 6.50%; 6.31% 5-Year Treasury Bond; 4.13%; 3.70% 10-Year Treasury Bond; 3.93%; 3.57% 30-Year Treasury Bond; 3.94%; 3.62%
Key Economic Statistics; Most Period; Recent Prior National Producer Price Index; 0.70%; -0.50% Consumer Price Index; 0.50%; 0.10% Unemployment Rate; 3.70%; 3.70% ISM Manufacturing Index; 49.00; 49.00 ISM Services Index; 56.50; 56.50 Change in Non-Farm Payroll Emp.; 517,000; 223,000 New York State Consumer Price Index - NY, NJ, CT; 0.80%; 0.20% Unemployment Rate; 4.30%; 4.30% Empire State Manufacturing Survey; − 5.80%; −32.80%

Annualized Quarterly Real U.S. GDP Growth

The U.S. economy is slowing due to the impact of inflation, the Federal Reserve’s actions on interest rates and liquidity, layoffs, and global headwinds. Recent export data from China indicates slowing industrial activity and trade. The Blue Chip average of economic forecasts points to a recession in 2023, albeit a shallow one.

Equity Market Statistics; Most Recent; Prior Period Dow Jones Industrials; 2/22/23; 12/22/22 Dividend Yield; 2.09%; 2.04% Price/Earnings (12-Mth Trailing); 22.32; 21.03 Price/Earnings (Projected); 18.35; 19.06 S&P 500 Index; 2/22/23; 12/22/22 Dividend Yield; 1.68%; 1.65% Price/Earnings (12-Mth Trailing); 19.17; 19.69 Price/Earnings (Projected); 18.40; 18.30

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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