Will the Trump rally turn itself into a Santa Claus rally? The Dow, S&P 500, and Nasdaq all finished higher every day last week. That is the first time that's happened in 5-½ years. (CNBC)
The Federal Reserve starts its two-day meeting tomorrow, and are widely expected to increase interest rates a ¼ of a percent. They last hiked rates in December 2015. That was the first time they raised rates in more than nine years. (Reuters)
The number of car owners underwater or upside down has hit a record 32% according to Edmunds.com. The lowest the underwater percentage was 13.9% in 2009. The previous high was 29.2% in 2006. The average new car loan is 68 months, according to Experian Automotive. Subprime borrowers, generally those with FICO credit scores lower than 600 are borrowing over an average six years.
The University of Michigan Index of Consumer Sentiment hit 98 in December up from 93.8 in November. The highest level since January 2015. (AP)
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.