1. Econ Advisory
February 21, 2017

2. 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%

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

4. 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

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