We start a new month of trading this morning. Since 1950, the S&P 500 has been higher in April, May, June, July, and August only 5 times. 2018 was the 6th time. The good news? In the past instances the final 4 months have never been lower and the usually tricky September is actually quite strong. (LPL)
Personal income rose 0.3% in the month, reducing year-over-year growth to 4.7%. (LPL)
Core personal consumption expenditures (excluding food and energy), the Federal Reserve's (Fed's) preferred inflation gauge, rose 2.0% year over year in July, matching the Fed's target for the first time since 2012.
A federal agency has ruled that Canadian paper imports don't hurt American producers. This eliminates tariffs that had raised prices and squeezed margins at struggling newspapers. (Bloomberg)
The Portland headquartered General Steel Drum company has acquired North Coast Container of Cleveland, Ohio. General Steel Drum is owned by the Stavig family. Terms of the deal were not disclosed. (PBJ)
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.