So how is that idea of “sell in May and go away” working for you? On the last day of trading for May the S&P 500 is up 2.2% for the month and 3.88% for the year. Any up finish today will put us at a record close to end the month. (CNBC)
US personal income rose 0.3% in April and consumer spending fell 0.1%. (Associated Press)
Precision Castparts, Titanium Metals Corp, will pay a record $13.75 million fine for unlawful manufacturing and disposal of hazardous materials. This is the largest fine for a single facility in EPA history. (Portland Business Journal)
There may be a surge in winery sales as more owners are looking to cash in on skyrocketing vineyard prices according to a new bank study. Over 10% of Oregon’s 525 wineries say they will sell in the next five years. (Oregon Live)
Under the category of … … “why do medical costs keep rising” … … 2.1 billion people, one-third of the world population is obese or overweight. That is a threefold increase since 1980. The US has 13% of all obese people, followed by China and India with 15% combined. (Bloomberg)
Join us Saturday at 10 on Financial Radio when we will put you on our wealth building counseling couch and talk about money and your emotions.