Outstanding earnings season by many measures. Second quarter numbers were strong even without the boost from the new tax law, while guidance was generally positive despite tariffs and trade policy uncertainty. With just 15 index constituents left to report, S&P 500 Index earnings rose 25% year over year, nearly matching the 26% growth rate from the quarter before. Even without the boost from tax cuts (estimated 6-7%) earnings growth came in at a still-outstanding 18-19%. (LPL)

The S&P 500 just made its first new high in 7 months last Friday. Since 1950, the S&P 500 had gone more than 6 months without making a new high 18 other times. What happened after that first new high was made? It was higher a year later 17 times. (LPL)

Oregon has been a smoky place this summer and it comes with a cost. Wildfires have cost the Oregon Shakespeare Festival $2 million in lost revenue because of smoky conditions. (AP)

Oregon hazelnut farmers anticipate a bumper crop this fall and projects Oregon production will double over the next few years as newly planted planted acreage reaches maturity. (AP)

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