George Noorey


George Noorey

12:00am - 2:00am

Business News

The FTSE All-World index, which tracks thousands of stocks across a range of markets, plummeted 12% this year. It's the index's worst performance since the global financial crisis, and a sharp reversal from a gain of nearly 25% in 2017. The Dow was down 6.7% in 2018. The S&P 500 has dropped 7%. The Nasdaq shed 4.6%. (CNN)


Stocks, bears, and recessions. With the S&P 500 down 15.8% from the September peak, the question now becomes could we see a bear market decline in the S&P 500 of 20% or more? If we do see a bear market, how low could it go? The bottom line is the worst stock corrections take place during a recession, something we don't see happening in 2019. Looking at the 14 bear markets going back to World War II, we found the S&P 500 drops an average of 24% in a non-recessionary economy, while it has dropped 37% on average in a recession. In fact, three of the past four non-recessionary bear markets all ended right near 20% drops. This could be good news that current selloff will be fairly contained from current levels. (LPL)


Mondelez is selling its Kraft-branded cheese business in the Middle East and Africa to Denmark's Arla Foods for an undisclosed amount. (CNBC)


With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.

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  • Click on the link for the latest conditions on the mountain passes.
  • Roundabout at intersection of NW Shevlin Park Road and NW Mt. Washington Drive for roundabout reconstruction, road closure with detours, 5/13/19 - 6/27/19.
  • Empire at Purcell CLOSED for RAB contruction through August.
  • RDM:SW 15th St from SW Indian Ave to SW Kalama Ave – Closed for construction thru August 15, 2019
  • Brosterhous Road between American Lane and Jacklight Lane for sewer main installation, southbound lane closures with detours, until 7/15/19.