Mrs. Reinhart did not get the memo

Stocks posted record highs yesterday. The S&P 500 gained 0.7% to finish at 2,599. The index broke above 2,600 for the first time ever during the session. The tech-laden Nasdaq rose 1.1% to 6,862. Markets are closed tomorrow and will hold an abbreviated session on Friday. According to the National Association of Home Builders home builder sentiment rose…

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Leading economic indicators rose

As we head into Thanksgiving week, investors have many things for which to be thankful; from a global bull market in equities, to very few signs of a recession starting over the next 12-18 months. In honor of everyone’s favorite Thanksgiving Day bird, did you know that the size of your average turkey has grown…

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Roseburg Forest Products has sold its California timberlands

Stocks’ eight-week winning streak–longest in four years–ended last Friday. Small caps lagged for the week, partly due to tax reform challenges, with Russell 2000 losing 1.3%; Dow -0.5%, S&P 500 -0.2%, Nasdaq -0.2%. (Yahoo Finance) After a year and a half of no sea going container service at the Port of Portland it will return…

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2.9 million nonfatal workplace injuries and illnesses

The University of Michigan’s index of consumer sentiment fell in November, but remains at its second-highest level of the year. The index stands at 97.8 which is off from October which was 101.1, the highest level since 2004. The report supports a forecast of personal consumption spending rising 2.7% in 2018. Nordstrom had a third…

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Open jobs in October was the second-highest on record

Google is adding 8,000 sf to the 18,000 sf they already occupy in downtown Portland. The tech giant opened the location in 2010. Google now employs 60 people at the location. (OregonLive) Summit Bank, with headquarters in Eugene and an office in Bend, reported profits of $955,000 in Q3. That is a 13.7% increase year…

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Affordable lab-grown meat

The Dow and S&P 500 are riding eight straight weekly gains. The Nasdaq has notched six positive weeks in a row. This year, the Dow closed at 57 all-time highs, the S&P at 52, and the Nasdaq at 64. That is an all-time record for the Nasdaq. (CNBC) The largest solar power plant in Oregon…

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