…..Stocks bounce back. Banks pass test and start handing out money. Pending home sales dip on tight inventory and affordability. Everybody hates BCRA. Petya spreads. New airline security, sorta. Blue Apron cuts price. Philps buys Spectranetics. Pink slime settlement. Illinois junk. No Brazilian passports. Facebook 2 billion. Sycamore buys Staples. Financial Review by Sinclair Noe for 06-28-2017 DOW + 143 = 21,454 SPX + 21 = 2440 NAS + 87 = 6234 RUT  + 21 = 1425 10 Y + .02 = 2.22% OIL + .54 = 44.78 GOLD + 2.10 = 1249.80 Well, isn’t this familiar. The markets have a down day only to bounce back. The S&P 500 posted its largest one-day gain in two months while Nasdaq Composite recorded its best day in eight months. The S&P 500 has been somewhat fickle this month with three of this year’s biggest gains and two of its worst losses having occurred in June.   For the first time in seven years, the Federal Reserve did not object to any of the capital plans of 34 banks it reviewed in the second part of the annual stress tests implemented in the wake of the financial crisis.  Only Capital One Financial needed to submit a new capital plan by Dec. 28 in order to address “weaknesses in its capital planning process.” Last Thursday, all 34 banks passed the Dodd-Frank Act Stress Tests for the third time by topping the Fed’s requirements for being able to handle a severe recession. Wednesday’s results from the Comprehensive Capital Analysis ...