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Want a simple example of what we mean by the current lack of market volatility?  Last year at this point the S&P 500 index had closed down 1% or more 17 times.  Only once so far, this year. (S&P)

Construction of new homes fell by 2.6% in April to an annual rate of 1.17 million units.  That is a second straight month of declines and pushes activity to the lowest level in five months. The weakness was led by a big drop in construction of apartments. (Commerce Department)

Home Depot reported earnings per share of $1.67 on revenue of $23.89 billion. Same-store sales grew by 5.5%.  Home Depot stock has climbed more than 18% over the past 12 months. (CNBC)

Industrial production in April grew 1%, the fastest pace in more than three years as manufacturers and mines/oil recovered from a March downturn. Factory production rose 1%. Mine/oil production increased 1.2%. Utility output rose 0.7%. Factory production has risen three of four months this year. Manufacturing has recovered from a rough patch in late 2015 and early 2016 caused by cutbacks in the energy industry and a strong dollar, which makes U.S. goods costlier in foreign markets. (Federal Reserve)

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.