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Compass Financial Advisors

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US Stock Markets Ended May 18, 2018

 Stocks fell for the week as investors grappled with higher bond yields, political risks around the globe, trade tensions and higher energy prices. The real estate and utilities sectors, which tend to be bond proxies due to their high dividend yields, lost over 2% for the week. By contrast, the materials and energy sectors posted the biggest gains as investors are starting to price in higher inflation expectations. In economic news, retail sales rose 0.3% in April, in-line with forecasts, as higher paychecks from tax-cuts offset rising fuel costs. In stock news, both Walmart Inc. and Cisco Systems Inc. fell after announcing quarterly results, despite both companies beating earnings expectations. Shares of Macy's Inc. gained 14.6% for the week on strong earnings results as comparable sales increased by 4.2% and management increased full-year fiscal guidance. Campbell Soup fell after the company announced another disappointing quarter and guided down for the full year. Despite missing estimates, Deere & Co. shares gained as the maker of heavy equipment announced price increases to offset higher freight and raw material prices. With earnings season nearly in the books, the S&P 500 is on pace to grow earnings by 24% in the 1st quarter and by 22% for 2018. While higher interest rates and inflation could provide some headwinds to the market moving forward, it is most likely not enough to derail the market if domestic economic growth and earnings growth remain robust. The earnings multiple for the S&P 500 has contracted year-to-date as markets are up marginally versus an over 20% rise in earnings, leaving room for equity gains in the near term.

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Latest Market News

 Stocks fell for the week as investors grappled with higher bond yields, political risks around the globe, trade tensions and higher energy prices. The real estate and utilities sectors, which tend to be bond proxies due to their high dividend yields, lost over 2% for the week. By contrast, the materials and energy sectors posted the biggest gains as investors are starting to price in higher inflation expectations. In economic news, retail sales rose 0.3% in April, in-line with forecasts, as higher paychecks from tax-cuts offset rising fuel costs. In stock news, both Walmart Inc.

 Treasury prices dropped moderately over the course of the week on strong economic data and speculation that both the Federal Reserve and European Central Bank may raise interest rates more quickly than previously expected. On Tuesday, April Advance Retail Sales were solid while March sales figures were revised to 0.8%, and May Empire Manufacturing was higher than expected, causing a risk-on environment which led to a significant drop in Treasury prices. It was also reported on Tuesday that the U.S.

 View from the Observation Deck  

Securities offered through Harbour Investments, Inc.,
member FINRA/SIPC. http://www.finra.org/
http://www.sipc.org/about-sipc

Investment Advisory Services offered through
Compass Financial Advisors, LLC,
a registered Advisor. 
Compass Financial Advisors, LLC &
Harbour Investments, Inc.
are separate entities.

Check the background of this firm
on FINRA's Broker Check