Dr. Eric Wattenburg

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Dr. Eric Wattenburg

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Chinese gross domestic product came in at +6.9% year over year, above expectations, while industrial production and retail sales came in at +7.6% and 11.0%, respectively. (LPL Research)

It’s the Summer doldrums.  Trading volume has been very light lately. It was the second-lowest volume day of the year in the U.S. on Monday, as just 5 billion shares traded on the NYSE and Nasdaq. (LPL Research)

Housing starts jumped 8.3% to an annual rate of 1.22 million units, the highest level since February. Single-family homes, which accounts for the largest share of the residential housing market, surged 6.3%.  Starts for multi-family housing increased 13.3%.  Building permits surged 7.4%.  (Reuters).

Cascades Company from Canada has opened a $64 million factory in Scappoose. The facility employs 70 persons in the manufacturing of toilet paper and paper towels. (OregonLive)

Summit Bank with a branch in Bend and HQ in Eugene reported a 40% jump in Q2 profits of $960,000. The Summit loan portfolio grew by almost 24%. Deposits rose by $44.9 million, or 19% year-over-year. (Eug Reg Grd)

With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.
 

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