The Dow, S&P 500, and Nasdaq closed higher on Thursday for the first time in three days. The Dow is up 25% this year, the S&P is up 20% and the Nasdaq is up 29%. (CNBC)
Today kicks off the well-known Santa Claus Rally, which refers to a rise in stock prices during the last five trading days of the year and the first two trading days of the following year. Sure enough, these seven days are up +1.35% on average and higher 77.6% of the time--making it hands down one of the most bullish times of the year. (LPL)
According to Recode Walmart is rolling out new services aimed at high-end consumers. The report says the worlds largest retailer is working on stores without checkout lines or cashiers, like Amazon's Amazon Go stores.
The Minneapolis Star Tribune reported demand for grass-fed beef has risen due to “rising scrutiny from environmentalists, animal rights activists and consumers,” who are “looking for healthier, more environmentally friendly options.” “Sales of fresh grass-fed beef soared from $17 million in 2012 to $272 million just four years later,”.
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.