10 months without a 3% correction

The Labor Department says worker productivity rose at a 1.5% annualized rate in the second quarter. Compared to the second quarter of 2016, productivity increased at a 1.3% rate. That is the strongest performance in two years.
Wage growth has remained sluggish even as the labor market nears full employment as unit labor costs fell at a 0.2% rate.

CNBC is reporting Toys R Us has hired a law firm to help restructure its roughly $400 million in debt due in 2018, a move that could include the marquee toy store filing for bankruptcy protection.

Yesterday officially marked 10 consecutive months without so much as a 3% correction for the S&P 500. Dating back to 1928, this is now the second longest streak ever without a 3% correction, bested only by 11 months in the mid-1990s. (LPL Research)

American Outdoor Brands, the former Smith and Wesson saw a sharp drop in quarterly earnings and sales, and lowered its fiscal 2018 guidance, as the firearms business slows. (CNBC)

Join us this weekend for Financial Focus Radio when we will give you the truth in wealth building.

The S&P 500 is down 4 and the NASDAQ is down 6. The MSCI international index is lower.

Oil is down 16 cents at $49.00 a barrel.

Gold is up $7 at $1358 a Troy ounce.

With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.

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Financial Focus • September 8, 2017


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