As the stock market rallies since Donald Trump was elected President, some are trying to lead you to making a silly move and sell your well diversified portfolio in a quest to enter the market timers hall of fame – that empty room in Padauka, KY -- don’t fall for it. No one can time the market the facts prove it. But that is not stopping Morgan Stanley from saying it's time to start thinking about getting out, possibly timed for Trump's inauguration on Jan. 20,. (CNBC)
The ISM's manufacturing index had a very strong December hitting 54.7, up a sharp 1.5 points from November for the best score in 2 years. New orders hit 60.2 for another 2 year high and up 7.2 points. Production up 4.3 points to 60.3, employment up 8 tenths to 53.1, and export orders at 56.0 which is a 2-1/2 year high. (Econoday)
Oil prices continue to move higher as demand increases and supply sees some constraints. This year is anticipated to bring the highest gasoline prices since 2012. US drivers could be collectively pay $52 billion more at the pump than they did in 2016. (USA Today)
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.