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President Trump said he is ready to go with tariffs on $500 billion in Chinese imports in an effort to drive an agreement. Tariffs on just $34 billion in Chinese goods have been implemented thus far, with $16 billion coming soon and an additional $200 billion previously threatened. With China only buying about $130 billion in U.S. goods, Chinese retaliation would have to come in other forms, such as regulatory actions, boycotts, currency devaluation, U.S. Treasury sales, or other non-tariff actions. These latest developments may bring the tit-for-tat closer to its end, though resolution may take the bulk of the summer. (LPL)

The Conference Board's Leading Economic Index (LEI), one of our favorite economic indicators, painted a continued strong backdrop for future economic growth, as it rose 0.5% month over month and 5.8% year over year. While the yield curve has been getting all the attention recently, the LEI has a solid track record of predicting recessions. (LPL)

Cal-Maine Foods, the nation’s largest egg producer posted a quarterly profit of $1.48 per share. Cal-Maine said the market may see additional pricing pressure to due to an expected increase in the U.S. laying hen flock and potential excess egg supply. (CNBC)

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

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