Your Monday Market Blip 6/4/18

Your Monday Market Blip 6/4/18

Stocks followed thru on Friday’s strong jobs report as tech leaders Amazon and Apple hit new highs. At the close the Dow gained 179 on lighter trade to close at 24,813. The latest jobs report is directing investor attention back to the strong economy and away from the “sweet and sour” geopolitical headlines.

Crain’s Seattle business news reported the latest MetLife - US Chamber of Commerce Small Business Index survey results. The survey showed small business optimism continues to trend higher. The overall reading rose to 68.7 which was up 2.4 points from the Q1 time frame. Some juicy details within the report show that 62% of small businesses expect higher earnings and 18% reported that they had increased their workforce. Small business optimism was highest in the Midwest (70.4) followed by the South (68.9) Northeast (68.1) and finally the west coast (67.3).

Micropoopie is buying San Francisco based GitHub for $7.5 billion smackers. GitHub is a 10 year old company that allows software developers an open platform to write and share code. There are an estimated 27 million users on this platform and the deal is Microsoft’s attempt to benefit from a vibrant arena where software developers collaborate. It’s kind of like an alligator hanging out at a watering hole on the Serengeti.

The Boy Scouts went on a trip to Ape Caves this past weekend. The weather was great but that does not matter since the lunkheads were hiking underground in dark, damp hollowed out lava tubs. We also had a flag retiring ceremony with the Mercer Island DAR (Daughters of the American Revolution). Our troop is really excited however about a new camping opportunity at any one of Starbucks 26,000 locations. With their new “free bathroom” policy in place we can just pull up, set up our tents and spend the weekend without having to pack in the toilet paper. See a clip here on our Facebook page which outlines the new Starbucks restroom policy.