It's hard to believe, but we are officially in the month of September. Although this means football and cooler weather, it also means a historically poor month for stocks. Since 1950, September has been the worst month of the year for the S&P 500. The good news is when the S&P 500 starts September above its 200-day moving average (like 2018), the returns have been much better. (LPL)
The overall trend in CEO optimism has remained largely unchanged, maintaining favorable levels over the past year. In Q2 2018, the Vistage CEO Confidence Index was 104.1.
American Outdoor Brands reported an adjusted quarterly profit of 21 cents per share. The parent company of Smith & Wesson was helped by new products and reduced discounts. The company said it would have stronger than expected growth for the current quarter. (CNBC)
Uber will start operations in Eugene and Springfield next Thursday. (ERG)
Kah-nee-ta Resort & Spa will close for good on today eliminating 146 jobs. Kah-nee-ta opened in 1964. (Oregonian)
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.