…US-North Korea summit nixed; coins still on sale. Rolling back Dodd Frank. Existing home sales drop – tight inventory, higher rates. Europeans get digital privacy, and it spills over on you. Netflix quietly grows. Financial Review by Sinclair Noe for 05-24-2018 DOW – 75 = 24,811 SPX – 5 = 2727 NAS – 1 = 7424 RUT + 0.61 = 1628 10 Y – .02 = 2.98% OIL – 1.17 = 70.67 GOLD + 11.10 = 1305.10   The Dow Industrials dropped as much as 250 points before a partial recovery.   In a letter released by the White House, Trump wrote he’s canceling the proposed meeting with North Korean leader Kim Jong Un because of “tremendous anger and open hostility” in recent statements. The sudden decision dashed hopes for the end of nuclear saber-rattling between the United States and North Korea. The North Korea news could complicate Trump’s efforts to reach a trade agreement with China. Fears of a trade war with China had been abating in recent days. However, Trump suggested earlier this week that Chinese President Xi Jinping could be behind the more hostile rhetoric out of North Korea. The financial markets seemed to take it all in stride; probably because even if Trump had made it to Singapore, the talks were never going to go where he wanted. Historically, American threats tend to feed the paranoia about a US invasion that underpins the nuclear program itself. They lead the North not to abandon its nuclear program ...