U.S. stocks rebounded nicely last week amid the recovery in global equities. The S&P 500 posted its fifth straight gain Friday, its longest winning streak since before the February sell-off. Positive developments in emerging-market countries and U.S. trade officials' efforts to arrange a new round of trade talks with China have boosted the MSCI All-Country World Index to five straight days of gains. (LPL)
After a mixed set of Chinese data on credit and lending conditions last week, the overall picture remains stable. Retail sales rose a solid 9% year over year. Industrial production expanded by 6.1%. (LPL)
Retail sales climb for a seventh month, their longest streak of gains since 2014. Retail sales in the U.S. rose 0.1% last month. Consistent growth in retail sales reflects the health of the U.S. consumer, emboldened by fiscal stimulus implemented earlier this year. Consumer spending accounts for about 70% of GDP, so it is an important barometer for overall economic health. (LPL)
Amazon is investigating suspected data leaks and bribes of its employees. The actions were designed to give an edge to independent merchants who sell their products on Amazon. (WSJ)
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.