After last week’s big rally stocks are at their highs of the year. The Dow is up 8.2% for 2016, the S&P 500 is up 5.9%, and Nasdaq is higher by 4.6%. (CNBC)
Foreclosures have been falling steadily for nine years, but spiked in October. The number of foreclosure filings jumped 27% in October compared with September, according to Attom Data Solutions. Foreclosure volume is down 8% from a year ago. It was the biggest monthly jump since August 2007.
Consumer Sentiment hit 91.6 in November, per University of Michigan. That is its highest level since June. Both near and long-term inflation expectations jumped to 2.7%(CNBC)
Siemens, a German industrial equipment maker, is buying Wilsonville, Oregon based Mentor Graphics for $4.5 billion in cash. Siemens will pay $37.25 a share, a 21% premium to Mentor's Friday closing price. Mentor specializes in software used to design computer chips. It has 5,700 employees in 32 countries. (AP)
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.