Oregon’s largest employer
Oregon’s largest employer, Intel, has named Gregory Bryant to lead its PC division. He currently leads the company’s connected home and commercial business. (PBJ)
Chinese industrial production growth came in at 6.5% weaker than expected. On an absolute basis, the economy is still on track to meet its growth goals, though it looks like growth may have peaked for the year. The government continues to crack down on excess leverage in the financial system; these numbers are unlikely to move them off that path. (LPL Research)
The S&P 500 snapped its 3-week win streak last week, with a modest 0.3% drop. Continuing was the incredibly small daily ranges and lack of overall volatility. On the week, the S&P 500 traded in less than a one-percent range (from high to low) for the second consecutive week (only the third time since 1995). Additionally, the intraday range on Friday was 0.22% – the smallest daily range on a full day of trading in nearly three years. (LPL Research)
Ford, the only domestic automaker not too be bailed out with your tax dollars, is cutting 10% of its global workforce or 20,000 jobs. Most of the jobs will be salaried workers who do not have union protection. (CNN)
The S&P 500 is up 2 and the NASDAQ is up 6. The MSCI international index is up.
Oil is up 34 cents at $49.19 a barrel.
Gold is up $5 at $1235 a Troy ounce.
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart