Financial Review

A Quiet Friday in August


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…..Here comes Horrible Harvey. Yellen’s last hurrah in Jackson Hole. Cohn hangs in. Mnuchin expects tax reform by end of year. Investors pull money out of US stocks. Samsung’s Lee sentenced. YouTube TV covers half the country. Financial Review by Sinclair Noe for 08-25-2017.   DOW + 30 = 21,813 SPX + 4 = 2443 NAS – 5 = 6265 RUT + 3 = 1377 10 Y – .02 = 2.17% OIL + .43 = 47.86 GOLD + 5.00 = 1291.80   For the week, the Dow rose 0.65 percent, the S&P 500 gained 0.72 percent and the Nasdaq climbed 0.79 percent. The weekly gains for equities snapped a two-week skid of declines for the Dow and S&P 500 and a four-week drop for the Nasdaq.   Hurricane Harvey projected to make landfall around Corpus Christi, Texas between 10 PM and midnight but it is now hitting the Texas coast with heavy wind and rain.  The storm is more accurately stretched along a wide swath of the coast, with heavy rains as far east as New Orleans and inland beyond San Antonio. Harvey is now a Category 3 storm, meaning the government now classifies it as a “major” hurricane with 120-mph winds and gusts over 150-mph. Harvey, the strongest storm to hit the U.S. since Wilma in 2005, is forecast to inundate Houston, Corpus Christi and Galveston, cities with more than 2.6 million people combined, with drenching rain and dangerous flooding. Texas Governor Greg Abbott declared a state of disaster for ...
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Financial ReviewBy Sinclair Noe