U.S. stocks closed lower yesterday, with the S&P 500 down for a fourth straight session as the ongoing turmoil in Turkey dampened investors’ appetite for riskier assets.
Don’t look now, but on August 22, 2018, this current bull market in stocks will top the 1990s bull market as the longest ever. However, be aware that the 1990s bull market saw the S&P 500 Index gain 417%, while the current bull market is up approximately 320%—so you can’t call this the greatest bull market…yet.
2nd Quarter earnings season is entering the final stretch. With more than 90% of S&P 500 Index companies having reported second quarter results, year-over-year earnings growth for the index is tracking to an impressive +24.4%, nearly 4% above expectations as of June
Shares of the food distribution giant Sysco were sharply higher yesterday after the food distribution giant reported a fiscal fourth-quarter profit and revenue that topped expectations. Sysco’s stock has rallied 33% over the last 12 months.
With Northwest Quadrant Wealth Management I’m Tyler Simones