The S&P 500 closed down yesterday, its fifth straight day of losses. It's now in the red for the month of November.
Does market volatility seem more elevated than you are used to? Through the first half of 2018, the market saw 39 days in which it experienced a 1%+ move—more than double the number of days for all of 2017. (Capital 360)
With 90% of S&P 500 companies having reported, S&P 500 Index profit growth is tracking to an impressive 27.9% year-over-year increase, the highest growth rate since the fourth quarter of 2010. Sales growth is tracking to an 8.5% year-over-year increase. The strong top line performance, clearly boosted by a strong U.S. economy, is particularly impressive given there is no direct benefit from the lower corporate tax rate. (FactSet).
Hazelnut growers in Oregon were anticipating harvesting 52,000 tons of hazelnuts but instead processors say they are looking at between 46,000 to 48,000 tons, which is higher than last year's 32,000 tons and still a record. Hazelnut acreage has doubled in Oregon over the past decade, up to 72,353 acres. (Oregon Live)
Chick-fil-A will begin delivering from more than 1,100 of its restaurants around the United States. (USA Today)
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.