Q4 is historically a strong time for equities
Here comes the fourth quarter. Q4, is historically a strong time for equities. Going back to 1950, this quarter has been up 3.9% on average and higher nearly 80% of the time–both are far and away the best out of the four quarters. (LPL Research)
United Parcel Service (UPS) and FedEx stock prices are sharply lower in early trading as Bloomberg reports say Amazon is experimenting with a new delivery service, which will directly compete with the two delivery service companies.
A new study by the firm David Gardiner and Associates shows U.S. manufacturers want more renewable energy and are willing to push for policies that support it. Among the major companies surveyed, General Motors, Dow Chemical, Anheuser-Busch InBev, Owens Corning, P&G and Mars are among the companies that over the past decade have bought more renewable energy than before.
This is an interesting protest — a person dressed as the Monopoly guy, complete with a top hat, bushy white mustache, monocle and dabbing his forehead sweat with giant paper money, sat in the audience of the Senate Banking Committee hearing on the Equifax data breach yesterday. (CNBC)
The S&P 500 is up 3 and the NASDAQ is up 21. The MSCI international index is higher.
Oil is up 1 cents at $49.99 a barrel.
Gold is up $3 at $1280 a Troy ounce.
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.