Business News

Record Short Position

The Conference Board's consumer confidence index rose to 133.4 in August, its highest level since October 2000.
Consumers expecting business conditions will get better over the next six months increased to 24.3 percent.

In June, home prices nationally rose 6.2 percent year-over-year, according to the S&P CoreLogic Case-Shiller Indices. That is down from the 6.4 percent annual gain in May.

Campbell Soup will announce this week that it does not plan to sell the entire company, according to sources quoted by the New York Post.

Data for July showed the U.S. merchandise trade deficit widened to $72.2B, its biggest m-o-m increase since March 2015. Last month's growth in the trade deficit was driven by a sharp decline in exports, reflecting the impact of imposed tariffs over the past few months. (LPL)

Record short position, those speculating on the direction of rates in 10-year Treasury futures, has increased to its biggest size on record.

Oreo's parent company Mondelez announced that its two newest iterations of the cookie, hot chicken wing and wasabi-flavored, are now available in China. (Fortune)

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

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