Financial Review

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…..Not a new record. Fed preps for hike. Bond market rattled. Snap snaps on IPO. Yahoo is just sad. Banks fined $321 billion (it’s hard to believe Clinton lost the election after Obama threw all those banksters in jail..oh, wait). DoL hits pause on advisers acting in clients’ best interests. Caterpillar raid. Earnings news. Creepy teddy bears. Financial Review by Sinclair Noe for 03-02-2017 DOW – 112 = 21,002 SPX – 14 = 2381 NAS – 42 = 5861 RUT – 17 = 1395 10 Y + .03 = 2.49% OIL – 1.21 = 52.62 GOLD – 15.00 = 1235.00   Yesterday, the Dow advanced about 300 points to close above 21,000 for the first time, just 24 trading sessions after it first hit 20,000. That matches the fastest-ever move between thousand-point milestones, which last happened in 1999 and took the index above 11,000.   The number of Americans filing for unemployment benefits fell to near a 44-year-low last week. Initial claims for state unemployment benefits dropped 19,000 to a seasonally adjusted 223,000 for the week ended Feb. 25, the lowest level since March 1973. It was the 104th straight week that claims remained below 300,000, a threshold associated with a healthy labor market. That is the longest stretch since 1970.   The Federal Reserve’s Beige Book, a collection of anecdotes about the economy gathered before the central bank makes interest-rate decisions, said “businesses were generally optimistic about the near term but to a somewhat lesser degree than in the prior report.” ...
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Financial ReviewBy Sinclair Noe