Truth in Wealth Building

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Gold and oil big winners

Construction spending rose to an 8-1/2-year high in March. Construction spending increased 0.3%. Construction spending is up 8.0% on a 12-month basis. (Commerce Department) The Institute for Supply Management index of national factory activity fell to 50.8 in April. A reading above 50 indicates expansion. The employment index rose, new orders dropped and the prices…

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Gold at 15 months high

We start a new trading month today. In April the Dow and S&P 500 were able to eke out fractional gains. The Nasdaq was down almost 2% mostly due to Apple weakness on the back of disappointing earnings. (CNBC) Puerto Rico will miss a $389 million bond payment due today. Knowing what bonds you own…

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Hour 2 of Financial Focus Radio Show

April 30th hour 2 of wealth building knowledge from Northwest Quadrant Wealth Management.

Oil and Amazon rule

Today is the last trading session of the month. The Dow and S&P 500 are up about 1% in April. The Nasdaq is down 1.3% for the month. (CNBC) Exxon Mobil posted first-quarter profits of $1.81 billion. Results exceeded Wall Street expectations. The company posted sales of $48.71 billion. Exxon shares are up 13% in…

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Oil hits new highs for 2016

Orders for long-lasting U.S. manufactured goods, like microwave ovens, cars and dishwashers rose 0.8% in March. Manufacturing accounts for 12% of the U.S. economy. Deep spending cuts on capital outlays by the oil patch have hurt this sector of the economy. (Reuters) As we know low oil does have a cost. Standard and Poor’s downgraded…

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This bull is no record

Since March 9, 2009, the S&P 500 has gone more than 1,790 trading day without, a bear market, a decline of 20% percent or more, making it the second-longest bull market in history. It trails on the 3,100 trading day streak from Dec. 4, 1987, to March 24, 2000 (CNBC) New single-family home sales fell…

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