Weekly Market Recap This week saw soft US existing home sales for February. The oil price fell as US crude oil inventories stood at high levels. Despite this, oil remains close to $40 a barrel, and well above the lows approaching $30 a barrel we saw just last month. PMI survey data suggested expansion in the Eurozone for March, with the data making a 3 month high. The tragic terrorist attack in Belgium appeared to have little impact on the markets, however our thoughts are with those affected. On any given trading day, the chances of the US stock market rising or falling are similar to tossing a coin; a 53% chance of a rise and 47% chance of a decline to be exact, based on our historical analysis. As such, in the very short term, we view the stock market as essentially unpredictable. However, longer term stock market trends appear both more reliable and more encouraging. For example, over the course of a decade, the US market has risen 9 times out of 10 based on history. So, yes, the market can seem like a lottery on a day-to-day basis. Nonetheless, historical analysis suggests that your odds greatly improve with a long-term view and investment time horizon. We are using the US stock market for this analysis because the data stretches back the longest, but a look at global markets also reveals a similar pattern. Finally, a reminder that IRA deadlines are approaching in the next few weeks so if you haven't already done so, you should make a decision about funding your account(s) soon. Notes:
Petroleum Status Report:
https://www.eia.gov/petroleum/supply/weekly/
US Existing Home Sales:
http://www.realtor.org/news-releases/2016/03/existing-home-sales-fizzle-in-february
Eurozone PMI
https://www.markiteconomics.com/Survey/PressRelease.mvc/0770f9a74b08470d94eb4303a8291cce Disclaimer:
The views expressed are for informational purposes only and are not intended to serve as a forecast, a guarantee of future results, investment recommendations or an offer to buy or sell securities by FutureAdvisor. All expressions of opinion are subject to change without notice in reaction to shifting market, economic political conditions, and as subsequent conditions vary. The investment strategies mentioned are not personalized to your financial circumstances or investment objectives, and differences in account size, the timing of transactions and market conditions prevailing at the time of investment may lead to different results. This material may contain "forward-looking: information that is not purely historical in nature. Clients may lose money. Past performance is not indicative of future results. Investments in securities involve the risk of loss. Any tax strategies discussed should not be interpreted as tax advice and do not represent in any manner that the tax consequences detailed will be obtained. Clients should consult with their personal tax advisors regarding the tax consequences of investing. Your Portfolio Summary | $9,214.90 Your Total Assets | Ways To Improve Your Portfolio | 0 Accounts with Actions | Your portfolio has no recommended actions right now. We'll watch over your investments and alert you with an email when there are actions for you to complete. Sign in to see detailed steps  | | Sign in to see your full dashboard | | 
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