So much for sell in May and going away. The S&P 500 Index has now posted five consecutive monthly gains. This rare feat is actually quite bullish: the S&P 500 has been up a year later in 24 of the 25 times this has happened. The most recent occurrence was actually a year ago, and the S&P 500 gained 17.4% over the ensuing 12 months. (LPL)

Last week, emerging market (EM) stocks officially entered a bear market, posting a 20% decline from their late-January peak. (Yahoo Finance)

On September 14, 2008, the day before Lehman failed, if you had bought the S&P 500 index you be up 130%. You would have been underwater underwater even three years later. But in the last 10 years the S&P 500 is up 130 percent and has posted an annual total return of 11 percent. A 60/40 stock/bond portfolio has returned 8 percent over the same 10 years. This is a great example of it is time in the market, not timing the market that counts. (CNBC)

Starbucks’ Frappuccino is getting a makeover. The U.S. coffee giant is putting its drink on a diet, looking to reduce its high sugar levels, which have scared away health-conscious consumers and hurt sales. (WSJ)

S&P 500 is down 5 and the NASDAQ is down 14. The MSCI international index is lower.

Oil is up 8 cents at $67.62 a barrel.

Gold is down $2 at $1198 a Troy ounce.

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