Market Update - August 8, 2014
Despite the United States military air strike in Iraq against ISIS (Islamic State of Iraq & Syria), the markets remain upbeat today. After seeing some market correction over the last few weeks, many investors feel that many of these geo-political risks have already been priced into the market, and are starting to focus more on the current earnings season. Overall, despite a few hiccups, earnings have been fairly positive.
Today the Labor Department also released the latest US non-farm Productivity Report, which showed an increase of worker productivity by 2.5% in the second quarter, as opposed to the 4.5% drop which we saw in the first quarter. The Productivity Report is a measure of hourly output per worker.
If you are a music fan, then Billings is the place to be this weekend! Along with the Magic City Blues Festival, we also have the Montana Fair opening this weekend. The Blues Festival is a 3 day event which opens tonight and will include acts such as Huey Lewis & the News, Ben Harper with Charlie Musselwhite, Johnny Lang, and even Trombone Shorty! The Montana Fair runs Aug. 8 – 16th, and highlights Train performing on the main stage this Saturday. Between these two events and a great weather forecast, it is time to get outside and enjoy summer in Montana while you still can.