…Nasdaq hits a record high. ECB dovish with plans to end bond buying. Why it matters. Looming risk – trade wars. Retail sales jump. Kentucky sues Walgreens. NY sues Trump Foundation. DOJ IG blames Comey. AT&T-Time Warner cleared. Financial Review by Sinclair Noe for 06-14-2018 DOW – 25 = 25,175 SPX + 6 = 2782 NAS + 65 = 7761 RUT + 8 = 1684 10 Y – .03 = 2.95 OIL + .38 = 67.02 GOLD + 3.10 = 1302.90   A subdued trading session led to mixed results with the Dow industrials lower but the broader market higher; good enough for the Nasdaq to set a record high close.   The European Central Bank did exactly what the markets expected – they left rates unchanged and announced a timetable for moving away from quantitative easing or ending its bond buying program by the end of the year. In a balanced announcement reflecting the uncertainties hanging over the economy, it signaled that any interest rate hike is still distant, maybe next year, maybe late next year. The cautious move to roll back stimulus contrasted with the Federal Reserve’s rate hike a day earlier, which signaled a break from policies used to battle the 2007-2009 financial crisis and a return to normalized central banking. While yesterday’s rate hike by the Fed was considered hawkish, today’s ECB announcement was much more dovish. The new rates guidance sent the euro down over one percent against the dollar.   The ECB action, or ...