…..JPM, WFC, and C all report. Producer prices flat, but up for the year. Consumer sentiment to 17 year high. Oil inventories increased. Iron Ore free fall. Electricity use is in long-term downtrend. Canada goes to pot. Financial Review by Sinclair Noe for 04-13-2017 DOW – 138 = 20,453 SPX – 15 = 2328 NAS – 31 = 5805 RUT – 13 = 1345 10 Y – .06 = 2.23% OIL – .07 = 53.04 GOLD + 1.20 = 1288.80   JPMorgan Chase kicked off a day of earnings reports for three of the nation’s biggest banks with first-quarter earnings that were stronger than expected. The bank reported a nearly 17 percent increase in net profit thanks to rising loans and a bump from its trading business. The bank earned $6.4 billion, or $1.65 a share — more than $1.52 a share that analysts had expected. JPMorgan closed down 1.1%   Wells Fargo has been trying to rebuild its reputation after revelations that the bankers, under pressure to meet sales targets, opened thousands of fake accounts in customers’ names. The scandal continued to weigh on the bank’s consumer businesses in the first quarter of 2017. Wells Fargo said revenue and profit were essentially flat in the quarter compared with the same period a year earlier. Mortgage banking revenue fell 23 percent from a year ago. Wells Fargo shares fell 1.7 percent. Late yesterday Berkshire Hathaway also disclosed it had cut its stake in the bank to avoid regulations on shareholders ...