Financial Review

Back-to-Back Hat Trick


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…..Dow, S&P 500 and Nasdaq hit record highs again. Third strongest and second longest bull market. Looking for a tax reform plan. Healthcare for none vs. Medicare for all. PPI jumps due to oil. Irma strikes a nursing home. Equifax apology falls flat. Financial Review by Sinclair Noe for 09-13-2017 DOW + 39 = 22,158 SPX + 1 = 2498 NAS + 5 = 6460 RUT + 2 = 1426 10 Y + .02 = 2.19% OIL + 1.16 = 49.39 GOLD – 8.90 = 1323.50   Stocks closed near session highs. Most of the day the S&P and Nasdaq traded in negative territory, while the Dow Industrials flipped from positive to negative in a fairly tight range. And the S&P 500 is now pushing 2500. That seems pretty high; some might say overvalued. Although the dollar index is up for the past 3 days, since the start of the year, the Dollar Index is down about 11%, so from an international investors view, investing in the S&P 500 has been a losing proposition. In real numbers, stocks are rising, which is what matters most. Going back to the lows of 2009, the S&P 500 is now up 269%, surpassing the 266% advance notched during the 1949 to 1956 bull market, and that means the current bull market is the third strongest in US history. At 8 1/2 years, the bull market is already the second longest ever, trailing only the 1990-2000 run during the dot-com era. If you look ...
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Financial ReviewBy Sinclair Noe