…Dow has best day in months. China will talk about trade. Turkey continues meltdown. EM struggles. Walmart rules. Nordstrom racks a beat. JC Penney hardly worth a penny. Financial Review by Sinclair Noe for 08-16-2018 DOW + 396 = 25,558 SPX + 22 = 2840 NAS + 32 = 7806 RUT + 15 = 1685 10 Y + .02 = 2.87% OIL + .01 = 65.47 GOLD – 1.00 = 1174.70   The best day for the Dow Industrial average since April 10. The S&P and Nasdaq had nice gains, but nothing unusual. The Nasdaq was unable to recover its losses from yesterday. The big winners in the Dow were Boeing, Caterpillar, Apple, and Walmart – in that order. So the gains were more about tariffs than Walmart’s earnings.   A Chinese trade delegation will visit the US this month to kick off a new round of talks, the first since negotiations broke down two months ago. Washington has imposed tariffs on $50 billion worth of Chinese goods, prompting Beijing to retaliate. Trump’s administration is threatening further tariffs on $200 billion of Chinese goods, in a bid to pressure US companies to bring production back to the US. China’s commerce ministry reiterated that Beijing opposed trade protectionism and would not accept any unilateral trade restrictions. Both sides appeared to have reached a deal in May, but Trump backed away from the agreement and the two nations have been locked in a tit-for-tat trade war ever since. The last official round ...