Econ Advisory February 21, 2017

Portfolio Performance Symbol Price Price Change $ Price Change % Market Value Day Change $ Gain/Loss $ Gain/Loss % MMM $183.37 $0.42 0.23% $31,539.64 $72.24 $13,470.69 74.55% ALK $96.61 $0.01 0.01% $12,945.74 $1.34 $5,438.57 72.45% GOOGL $849.27 $2.72 0.32% $14,437.59 $46.24 $9,713.25 205.60% GOOG $831.66 $3.59 0.43% $14,138.22 $61.03 $9,441.86 201.05% ARRS $29.95 ($0.25) -0.83% $13,477.50 ($112.50) $1,524.21 12.75% BIDU $185.62 $0.45 0.24% $12,807.78 $31.05 ($2,149.33) -14.37% CVX $111.72 $1.39 1.26% $19,774.44 $246.03 ($241.00) -1.20% CMI $154.51 $1.60 1.05% $12,360.80 $128.00 $4,919.39 66.11% XRAY $62.50 ($0.18) -0.29% $0.00 N/A DPZ $188.92 $0.99 0.53% $17,002.80 $89.10 $4,567.50 36.73% MSFT $64.49 ($0.13) -0.20% $32,245.00 ($65.00) $13,533.13 72.32% CRM $82.18 $0.71 0.87% $29,256.08 $252.76 $6,445.33 28.26% SPLK $64.95 $0.58 0.90% $28,448.10 $254.04 $3,480.38 13.94% TSL $10.31 $0.10 0.98% $13,403.00 $130.00 ($2,218.95) -14.20% URBN $27.65 $0.17 0.62% $11,060.00 $68.00 ($1,938.05) -14.91% XLF $24.59 $0.12 0.49% $98,360.00 $480.00 $6,301.23 6.84% VNQ $84.84 $1.07 1.28% $65,072.28 $820.69 $1,940.16 3.07% VTI $122.03 $0.72 0.59% $132,524.58 $781.92 $4,694.43 3.67% Cash & Money Market -- $9,079.06 Account Total $567,932.61 $3,284.94 $78,922.80 16.44%

Portfolio Highlights Dentsply Sirona (XRAY) 3.19% because quarterly cash dividend rose 12.9%

Econ / Market Summary 1. Consumer Price Index (CPI) jumped 0.6% in January, the largest since February 2013 Beat analysts’ YTD and January expectations Core CPI rose 0.3% in January, beating expectations Increase in gas prices accounts for almost half of the rise in CPI 2. Kraft Heinz withdraws $143 billion offer to merge with Unilever Unilever thought price was too low Concerns with the new British government 3. Snap, Inc. IPO Lost top ad product manager on Sunday Struggles with new glasses

Upcoming Events SPLK Q4 results SIC Events… - Meeting next week Tuesday - Industry group meetings