Today is the 11th trading day of 2019, with the S&P 500 Index up over 3% for the year after 10 trading days.
Historically we've seen good starts to a year produce solid returns. In fact, starting in 1950, when the S&P 500 was up 2.5% or more on the 5th day of the year (like 2019) the full year had been higher the previous 12 out of 13 times, with 2018 being the only down year. (LPL)
Credit stress among banks has remained relatively calm recently, signaling an economic recession may not be as imminent as some investors fear. (LPL)
The US Department of Labor says inflation at the manufacturing level declined 1/10 of 1% in November. That brought inflation for the year in at 2.5%.
Effective immediately Netflix is increasing prices by 13% to 18% depending on the plan you use. Existing customers will not see the price increase for another three months. (CNBC)
With millennial’s increasingly choosing a vegetarian/vegan lifestyle Taco Bell will test out a vegetarian menu board at some restaurants in the first quarter. They feel putting all the meat free items on one menu should make it easier for vegetarians and vegans to see their options. (CNN)
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.