Monday's big rally, the biggest one day since last March, saw the S&P 500 and Nasdaq break nine-session losing streaks. (CNBC)
The National Federation of Independent Business small business optimism index for October rose 0.8 point to 94.9. The October reading remains well below the index’s 42-year average of 98. The job creation component remained flat, the job openings component rose four points, capital spending plans remained flat at 27% and inventory investment plans rose nine points. NFIB reports 25% of small business owners reported raising employees’ pay in the past three months and 28% of business owners have positions open that they are unable to fill. Business owners said their single most important problem is either taxes or government regulations and red tape.
Smith & Wesson is looking for a big change by asking shareholders to change in its corporate name to American Outdoor Brands, excising the names of its 19th-century founders. However, it plans to keep using the Smith & Wesson name for its handguns. (Seeking Alpha)
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.