Truth in Wealth Building

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Inching closer to new highs.

The S&P 500 Index posted its second highest close ever yesterday, less than 0.5% away from a new all-time high. The S&P 500 has now gone 133 trading days (over six months), without a new high. Since the bull market started in March 2009, this is now the second longest stretch without a new high…

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Excellent Q2 earnings

With 404 S&P 500 Index companies having reported second quarter 2018 earnings results, a solid 79% have exceeded earnings targets, delivering robust 23.5% year-over-year growth on a nearly 3% upside surprise. Revenue growth of 9.2% is a solid 1.1% above expectations. (LPL) S&P 500 on its hottest streak of the year. The S&P 500 capped…

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Bob’s Red Mill Natural Foods

The Labor Department says a record 155,965,000 people were employed in July, the 11th record-breaker since President Trump took office 19 months ago. The unemployment rates for adult men (3.4 percent) and Whites (3.4 percent) declined in July. The jobless rates for adult women (3.7 percent), teenagers (13.1 percent), and Blacks (6.6 percent) showed little…

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Global manufacturing activity is slowing

The US economy added 157,000 jobs in July according to the US Department of Labor. The unemployment rate stands at 3.9%. Global manufacturing activity is slowing. Markit’s global purchasing managers’ index slipped to a still expansionary 52.7. Eurozone activity held steady. China’s reading slowed for the second straight month, which reflects some impact from ongoing…

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Business spending

The Commerce Department said orders for non-defense capital goods excluding aircraft rose 0.6 percent last month. Business spending on equipment has risen since the fourth quarter of 2016. Business spending on equipment is being supported by the Trump administration’s $1.5 trillion income tax cut package, which came into effect in January. Mattel lost 56 cents…

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FACEplant

Manufacturing data shows solid growth, but evidence of tariff impacts have started to emerge. The U.S. purchasing managers’ index (PMI) data was 55.5. However, average prices charged grew at the fastest pace on record amid increases in input costs, as survey respondents noted higher raw material and fuel costs. Suppliers’ delivery times were also the…

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