Today the current bull market tops 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. (LPL)
The S&P 500 Index made a new all-time high yesterday its first since January 26, 2018 (LPL)
Treasury yield curve flattens back to decade lows. The spread between 10- and 2-year Treasury yields is now back below 25 basis points. This bout of flattening is mainly being driven by a modest decline in longer-term yields over the past two weeks (as opposed to a rise in short-term yields). With market expectations pricing in a 90% chance of a September rate hike and a 55% chance of a subsequent December hike, upward pressure on the front end of the curve has not waned, despite risk-off sentiment leading to long-end bidding. (LPL)
Nabisco-parent Mondelez has redesigned the packaging of its animal crackers, showing the animals roaming free instead of in cages, after pressure from PETA. (AP)
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.