ON AIR NOW

First Light

2:00am - 3:00am

Contact
Business News


With the S&P 500 Index closing higher in October it is the longest monthly total return win streak ever going back to 1950. The S&P 500 has been higher an incredible 12 consecutive months on a total return basis, topping the streaks of 11 months in 1954 and 1959. The S&P 500 is up 23% over the past 12 months, which is a lot, but by no means extremely stretched. In fact, going back since 1950, this would rank in the top 76% for all 12-month returns. Again, this has been a solid 12 months, but when putting things in perspective, the past 12 months haven't been what we'd classify as an extreme blow off move; it has been more like slow and steady. It is important to remember that markets don't peak when things are calm, we tend to see more volatility near ultimate market peaks. (LPL Research)

The S&P CoreLogic Case-Shiller U.S. National Price Index was up 6.1% in August. The index posted a 5.9% year-over-year gain. Atlanta was the only major city to record a decline in prices. (Yahoo Finance)

According to the Conference Board Consumer confidence rose to 125.9 in October. That is the highest level in almost 17 years when in December 2000 the index stood at 128.6.

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

Hide Comments

Traffic

 

 

  • Click on the link for the latest conditions on the mountain passes.

 

  • Purcell Boulevard Northbound lane between Neff Road and Full Moon Drive (West side of the hospital) is closed until December 20th.

 

  • 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.