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US household net worth grew to a record $92.8 trillion in the last quarter of 2016, due in large part to gains in the stock market, according to the Federal Reserve’s quarterly financial accounts report.

Producer price inflation slowed in February, but the trend pointed to a steady building up of inflation pressures. The producer price index climbed 0.3% last month. In the last 12 months, the PPI is up 2.2%. (Labor Department)

The spread between high-yield corporate bonds, also known as junk bonds, and U.S. Treasury yields widened from 3.40% to 3.80% this week. Much of this move can be attributed to increased supply as junk bond issuers try to get ahead of the Fed rate hike. (LPL Research)

Does a lack of volatility mean complacency? The S&P 500 traded in a range of only 0.25% on Monday, the smallest range this year and one of the tightest ranges ever going back 50 years. Small ranges are nothing new, as the S&P 500 hasn't traded in a daily range of more than one-percent for 60 consecutive days, an all-time record. Additionally, the S&P 500 hasn't closed down by 1% or more for 105 consecutive trading days, tying the longest streak since late 1995. (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.