February ended the record 15 month win streak (on a total return basis) for the S&P 500. The good news is March and April are historically two of the best months of the year for equities. In fact, over the past 10 and 20 years, March ranks as the second best month in terms of average return. (LPL Research)
The National Association of Realtors said pending home sales dropped 4.7% in January.
The Conference Board said U.S. consumer confidence jumped to 130.8, a 17-year high, as optimism about employment prospects grew and Americans began seeing additional money in their paychecks from recently enacted Trump tax cuts.
US thermal coal exports increased by 117% last year to 42 million tons. (Wall Street Journal)
McDonald's is partnering with Disney after more than a decade of severed ties. The two parted ways over childhood obesity rates and children's meals at fast food restaurants. In mid-February McDonald's said that it was revamping its Happy Meal menu to offer selections that were lower in calories, sodium, saturated fat and sugar. (CNBC)
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.