{"id":2171,"date":"2017-10-08T17:04:10","date_gmt":"2017-10-08T21:04:10","guid":{"rendered":"https:\/\/envisionco.net\/?p=2171"},"modified":"2017-10-08T17:07:40","modified_gmt":"2017-10-08T21:07:40","slug":"week-ending-1062017","status":"publish","type":"post","link":"https:\/\/envisionco.net\/?p=2171","title":{"rendered":"Week Ending 10\/6\/2017"},"content":{"rendered":"<p><strong>HIGHLIGHTS<\/strong><\/p>\n<ul>\n<li>US equities up by 1.29%, fourth straight week of gains.<\/li>\n<li>The market is closing in on the all-time record without a 5% correction.<\/li>\n<li>The US and the global economy is strong.<\/li>\n<\/ul>\n<p><strong>PERFORMANCE<\/strong><\/p>\n<p>US equities advanced for the fourth week in a row, up 1.29% and continued their recent outperformance over international equities, which advanced by 0.40% for the week. Bonds fell slightly, down 0.08%, as interest rates were up about 5% across the curve.<\/p>\n<p>The general consensus\u00a0over the last few weeks has shifted. In August, the mood was that we would have some kind of pullback, but now, the &#8220;experts&#8221; seem to think it is smooth sailing ahead, at least for the near-term. That in itself may be some kind of warning.<\/p>\n<p>This Monday will mark 333 business days without a 5% pullback. The last time that happened was the period beginning on November 23, 1994. Assuming nothing crazy happens on Monday or Tuesday, this will be the longest such period ever.<\/p>\n<p><strong>ECONOMY<\/strong><\/p>\n<p>The Global Purchasing Managers Index (PMI) came in a 53.2 in September, its highest level since May of 2011, indicating continued worldwide growth. The international economy is now back to pre-crisis growth levels. Almost every country is now in growth mode. Developed markets showed a slight edge over emerging markets, and Europe was the strongest region.<\/p>\n<p>Here in the United States, the Institute for Supply Management&#8217;s (ISM) September Manufacturing Report came in at a very strong 60.8. That is up from 58.8 in August and it is the highest reading since May of 2004. It was the 13th consecutive month of growth in manufacturing.<\/p>\n<p>Initial claims for unemployment fell by 12,000 to 260,000. Claims are still being negatively impacted by the hurricanes but are at levels that are considered historically low indicating a continued tight job market.<\/p>\n<p>The Atlanta Fed&#8217;s GDPNow shows Q3 growth at 2.50% and the NY Fed&#8217;s Nowcast has growth at 1.53%. The Nowcast, which also is currently forecasting Q4, has growth improving to 2.45%.<\/p>\n<p><strong>SCOREBOARD<\/strong><\/p>\n<p><a href=\"https:\/\/envisionco.net\/wp-content\/uploads\/2017\/10\/Performance-10-6-2017.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-2176\" src=\"https:\/\/envisionco.net\/wp-content\/uploads\/2017\/10\/Performance-10-6-2017-198x300.png\" alt=\"\" width=\"198\" height=\"300\" srcset=\"https:\/\/envisionco.net\/wp-content\/uploads\/2017\/10\/Performance-10-6-2017-198x300.png 198w, https:\/\/envisionco.net\/wp-content\/uploads\/2017\/10\/Performance-10-6-2017.png 580w\" sizes=\"auto, (max-width: 198px) 100vw, 198px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HIGHLIGHTS US equities up by 1.29%, fourth straight week of gains. The market is closing in on the all-time record without a 5% correction. The US and the global economy is strong. PERFORMANCE US equities advanced for the fourth week &hellip; <a href=\"https:\/\/envisionco.net\/?p=2171\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1893,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2171","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/posts\/2171","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/users\/1893"}],"replies":[{"embeddable":true,"href":"https:\/\/envisionco.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2171"}],"version-history":[{"count":6,"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/posts\/2171\/revisions"}],"predecessor-version":[{"id":2179,"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/posts\/2171\/revisions\/2179"}],"wp:attachment":[{"href":"https:\/\/envisionco.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/envisionco.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/envisionco.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}