Financial Review

A Little Disruption


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..1Q GDP trimmed. It averages out. Stress Test and a parade of dividends. Amazon disrupts: pharmacies, and deliveries. Foxconn breaks ground. Financial Review by Sinclair Noe for 06-28-2018 DOW + 98 = 24,216 SPX + 16 = 2716 NAS + 58 = 7503 RUT + 4 = 1645 10 Y + .02 = 2.85% OIL + .52 = 73.28 GOLD – 3.60 = 1249.00   The Dow Transports briefly fell into correction territory today, and the Dow Industrials are trading below their 200-day average. For the week, the Dow is off 1.5%, the S&P has lost 1.6%, and the Nasdaq has lost 2.7%. For the second quarter, the Dow is up 0.4%, the S&P has gained 2.7%, and the Nasdaq is up 5.9%. For 2018, the Dow has lost 2.1%, the S&P has gained 1.6%, and the Nasdaq has surged 8.4% on the back of steep gains in large-capitalization technology and internet companies. Stocks are exiting the weakest first half year performance for the S&P 500 in three years. And while the second half of the year, a mid-term election year at that, promises volatility, we might see a little rally to start the month of July. The first trading day of July is typically the best trading day of the year. That’s not a guarantee that Monday will post gains, just probability.   The growth in the U.S. economy in the first quarter was trimmed to 2% from 2.2%. While this largely reflects lower spending on health care, and ...
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Financial ReviewBy Sinclair Noe