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U.S. consumer spending, which accounts for more than two-thirds of U.S. economic activity, rose 0.2% in January. Consumer spending increased at a 3.0% annualized rate in the fourth quarter. (Commerce Department)

In January, the PCE, also known as the personal consumption expenditures price index, climbed 0.4%.  That is the largest gain since February 2013. Over the last 12 months, the PCE is up 1.9%. That was the biggest year-on-year gain since October 2012. (CNBC)

Paychecks were a little heavier in January as personal income increased 0.4%.  But income at the disposal of households after inflation and taxes, fell 0.2%. (Commerce Department)

Hershey, maker of Hershey's Kisses and Reese's Peanut Butter Cups is cutting 15% of workforce. At the end of 2016 the company had 16,300 full-time employees worldwide. (Reuters)

Make that 51 in a row. The S&P 500 has now gone 51 consecutive days without trading in a 1% or greater intraday range. That is far and away the most ever, with 34 consecutive days in 1995 the previous record. The S&P 500 hasn't closed down 1% for 96 straight days, the longest since 105 in 1995. Lastly, the S&P 500 has closed within 1.5% of the all-time high for 76 consecutive days, the longest such streak going back 45 years. (LPL Research)

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.