For retail investors who are rattled by the upcoming midterm elections. Since 1946, a year after every single midterm election the S&P 500 has been higher. That is 18 for 18. (LPL)
Banks kicked off their third-quarter earnings season Friday with mostly well-received results. Loan demand outside of housing is healthy, while consumer credit trends (charge-offs and provisions for loan losses) were solid. (LPL)
The S&P 500 lost 5.3% over the two day selloff last week, extending its losing streak to six days. August 2015, Brexit, and early February 2018 had worse two-day stretches. Along the way, the S&P 500 closed beneath its 200-day moving average for the first time in six months.
Amazon will hire 2,000 people in Portland area this fall as it opens new warehouses and delivery centers.
Just 75 days till Christmas and USA Today says the “holiday hiring season is in full swing,” noting retailers expect “to hire between 585,000 and 650,000 temporary workers this holiday season, up from last year’s 582,500.” Amazon expects to hire more than 100,000 seasonal employees across the country during the holiday.
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.