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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.

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Help Puerto Rico

Most organizations are asking for cash, rather than supplies, so they can route help to where it’s needed most more quickly. Here are some of the largest groups with campaigns underway:

 

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  • Click on the link for the latest conditions on the mountain passes.

 

  • Intersection of NW Broadway Street and NW Delaware for waterline replacement project, road closures with detours clearly marked for thru traffic, 7 a.m. – 4 p.m. daily with roads opened nightly. Motorists are encouraged to avoid this area and use Bond Street and Wall Street.

 

  • Nels Anderson Road between Nels Anderson Place and Brandis Court, single northbound shoulder closure will be in effect, two-way traffic to be maintained. Project completion expected December 2017.