Financial Review

Bull Run


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….Stocks hit record highs again, House passes a budget. Trade gap declines. NRA does the very least. Russia hacked NSA. Catalan split on hold. California is a sanctuary state. Stranger Things will cost more. Amazon delivers. Shine on. Financial Review by Sinclair Noe for 10-05-2017   DOW + 113 = 22,775 SPX + 14 = 2552 NAS + 50 = 6585 RUT + 4 = 1512 10 Y + .02 = 2.35% OIL + .78 = 50.76 GOLD – 6.80 = 1268.80   This is the second-longest bull market ever, trailing only the 1990-2000 run during the dot-com era. Today was the eighth straight gain in the S&P 500, its longest winning streak since 2013. The S&P 500 also had its sixth straight record close, the longest such streak since 1997. The S&P 500 is on track for its ninth consecutive winning year, tying the record from 1991 through 1999. It’s been more than a year since the S&P 500 fell as much as 5 percent from a previous high, the fifth-longest period without such a correction. The Nasdaq is also on an 8-day winning streak. The Russell 2000 was just a fraction off the record high from Tuesday. The VIX, has closed below 10 for the seventh straight day, already making this the least volatile October in the history of the so-called fear gauge.   Now you might say that this just means the market is overextended and overdue for a pullback. You might say that.   The House narrowly ...
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Financial ReviewBy Sinclair Noe