Truth in Wealth Building

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Oil at 4 year highs

Earnings season has been a success by virtually any measure, with an impressive upside surprise, very strong growth, and positive guidance overall. With 409 S&P 500 companies having reported, S&P 500 earnings for the first quarter are tracking to a nearly 26% year-over-year increase. The revenue picture is similarly positive producing an 8.4% annual increase….

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Starbucks Deal

The U.S. economy created 164,000 jobs in March. The overall employment level ticked higher as the labor force participation rate fell to 62.8%, pushing the unemployment rate to an 18-year low of 3.9%. Wages grew 0.1% month over month in April, slightly below expectations of 0.2% growth, to put year-over-year wage growth at 2.6%. (LPL)…

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Let’s Go to the Opera

Proving it isn’t over till the fat lady sings, the Dow Jones industrial average erased a nearly 400-point loss yesterday snapping a four-day losing streak. The S&P 500 closed down 0.23% after dropping as much as 1.6%. The Nasdaq fell 0.18% after dropping more than 1%. (CNBC) The Department of Labor says the US economy…

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All about jobs

Wednesday’s sell-off left the Dow Jones in correction territory with losses in 9 of the past 11 sessions. The Nasdaq has declined 7 of the past 10 days, with the S&P 500 down in two of the past three days. (CNBC) Fired Nike executive David Reichert has pleaded guilty to two counts of wire fraud….

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Cannabis has affected beer sales

Sell in May and go away? Since 1950, S&P 500 performance May through October, the worst 6 months, is up 1.5% on average and higher 63.2% of time. (LPL) Deschutes Brewery CEO Michael LaLonde recently told the Bend Bulletin, “I believe cannabis has affected (beer) sales ….. (as cannabis users) don’t consume as much alcohol.”…

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Sell in May?

Google has invested $10.5 billion building data centers across the country since 2006. Google opened its third data center in The Dalles, Oregon in February and now employs 200 there. The Dalles received about $937,000 in electricity franchise fees in 2017. (OregonLive) The Fed begins a two-day policy meeting this morning, with an interest rate…

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