One-year without a 5% correction
Research Indicates Obamacare May Have Cost 250,000 Small-Business Jobs. Casey Mulligan, author of “Side Effects: Economic Consequences of Health-Care Reform,” wrote in the Wall Street Journal that according to research he commissioned from Hanover Research, the costs of Obamacare have cost roughly 250,000 small-business jobs, even though two-thirds of those businesses offered health coverage even before Obamacare was passed. (NFIB)
Springfield based Roseburg Forest Products will build a $200 million engineered wood products plant in South Carolina. The 450,000-square-foot plant will be constructed in 2018 on 200 acres near Chester, S.C. The facility is expected to create 148 full-time jobs. Roseburg has more than 3,000 employees, in plants in Oregon, California, Montana, Louisiana and Mississippi. (Eugene Register)
The S&P 500 has officially gone more than one-year without a 5% correction (using closing prices). This is only the sixth time since 1950 and the first time since 1995 this has occurred. The longest streak ever was a nearly 20-month streak ending in July 1996. (LPL Research)
The S&P 500 is up 2 and the NASDAQ is up 18. The MSCI international index is higher.
Oil is down 34 cents at $45.15 a barrel.
Gold is up $1 at $1220 a Troy ounce.
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.