Non-Farm Payroll

Recent employment data indicates an improving labor market, with 531,000 new jobs filled in October. In addition, the unemployment rate dropped to 4.6%, reflecting an increase in the number of people who have dropped out of the labor force. Recent vaccine mandates may have contributed to this phenomenon.

U.S. & World Equity Indexes; 11/10/21; YTD Return S&P 500; 4,674; 24.45% Dow Jones Industrials; 35,252; 18.45% Nasdaq Composite; 17,288; 19.02% Shanghai Composite (China); 3,530; 0.56% S&P BSE Sensex (India); 60,352; 26.39% Nikkei Stock Avg (Japan); 29,106; 6.06% CAC 40 (France); 7,045; 26.91% DAX (Germany); 16,067; 17.12% FTSE 100 (U.K.); 7,340; 13.62%
Selected Interest Rates; 11/10/21; Prior Period 15-Year Mortgage; 2.27%; 2.18% 30-Year Mortgage; 2.98%; 2.43% 5-Year Treasury Bond; 1.08%; 0.78% 10-Year Treasury Bond; 1.46%; 1.33% 30-Year Treasury Bond; 1.83%; 1.94%
Key Economic Statistics; Most Recent; Prior Month National Producer Price Index; 0.60%; 0.50% Consumer Price Index; 0.90%; 0.40% Unemployment Rate; 4.60%; 4.80% ISM Manufacturing Index; 59.90; 59.90 ISM Services Index; 61.70; 61.70 Change in Non-farm Payroll Emp.; 531,000; 194,000 New York State Consumer Price Index - NY, NJ, CT; 0.30%; 0.60% Unemployment Rate; 7.60%; 7.70% Empire State Manufacturing Survey; 19.80%; 34.80%

Consumer Price Index

Emerging inflation has become a primary concern for markets and policy makers. The most recent Consumer Price Index showed a 0.9% monthly increase, bringing the 12-month inflation rate to 6.2%, the highest in 30 years. Should this trend persist, the Federal Reserve is expected to change its policy toward higher interest rates.

Equity Market Statistics; Most Recent; Prior Month Dow Jones Industrials; 11/10/21; 9/7/21 Dividend Yield; 1.81%; 1.81% Price/Earnings (12-Mth Trailing); 22.47; 23.20 Price/Earnings (Projected); 18.74; 19.30 S&P 500 Index; 11/10/21; 9/7/21 Dividend Yield; 1.33%; 1.33% Price/Earnings (12-Mth Trailing); 27.07; 30.99 Price/Earnings (Projected); 21.60; 22.12

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.