Truth in Wealth Building

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Longest such stretch since 1970

This weeks gains pushed the Nasdaq over its inflation-adjusted March 2000 highs for the first time in 17 years. Meanwhile, the Dow completed another 1000-point advance in a record nine trading days–the previous record was 23 trading days from 24,000-25,000. (LPL) Of the 36 S&P 500 companies that have reported results through January 17, 78%…

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This could potentially upset the apple cart

This could potentially upset the apple cart. Concerns over a potential government shutdown have some investors on edge. By midnight Friday, Congress must pass a spending bill, in order to prevent a government shutdown. Department of Energy reported U.S. oil production climbed to a 43-year high of 9.566 million barrels per day this last week….

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Save Oregon taxpayers nearly $1.5 billion a year

The National Retail Federation says “retail sales during November and December increased 5.5% percent, to about $692 billion. That represents the largest increase in holiday sales since the recession of 2008. Stock funds pulled in $24.4 billion last week. It was the sixth-biggest equity inflow total ever and the most in at least six months….

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S&P 500 earnings for the quarter in the 14-16% range

Earnings season is off and running. About 5% of the S&P 500’s market cap reports this week. The focus for investors will be on company guidance on the impact of the new tax law. We look for upside in S&P 500 earnings for the quarter in the 14-16% range, while revenue growth may top 7%….

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A holiday Report

Stock and bond markets are closed today in observance of Martin Luther King’s Birthday. We will be back to trading tomorrow. As earnings season kicks off we begin 2018, looking at one of the key drivers of long-term stock performance: profits. 2017 was the first year since 2010 to see positive earnings growth in the…

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Earnings growth

Earnings growth is poised for double-digit increases in 2018, in both the U.S. as well as developed international and emerging markets. The credit for the increase in the U.S. is not surprisingly given to the new tax law. The U.S. earnings season begins today with reports from several big banks. Consensus is calling for a…

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