Markets continue to rally on positive trade news coupled with a smattering of earnings reports. The Dow closed Monday up 114 at 27,462. Trading volume was modestly higher on the day. Energy stocks were leaders along with technology shares. Banks have also broken out to the upside while bonds and other safe havens like utilities are starting to see some selling pressure.
McDonald’s stock fell after CEO Steve Easterbrook was let go when it was revealed that he had a relationship with another employee. Steve has done a good job while head of Mickey Dee’s and the stock has more than doubled under his leadership. Company policy however states that what he did was a “no no” so he and the board agreed to part ways.
Other than a blinking red light on the bus (which turned out to be nothing) and a washed out bridge the scout hike to Thunder Creek was a hit. 14 scouts were on the hike along with 6 adults. The adult count was high since a couple of moms decided to go which is great. The weather was perfect. No issues reported and a nice campfire was built to keep everyone warm. All is well on the lunkhead front! Check out the Greystone Facebook page for photos.