Financial Review

End of Easy


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…..Rate hike coming and that right soon. Prepare for the end of easy. ISM services stay strong. Sessions recusal. Pence private email. EPA budget cut. After multiple sticks, Wilbur Ross offers Mexico a carrot. Visa for Eurozone. May chastises Scots. Spotify grows. Making money in a Snap. Mercedes made a pickup truck, and you can’t have it. Banks reap record profits. Amazon’s typo crashes the internets. Financial Review by Sinclair Noe for 03-03-2017 DOW + 2 = 21,005 SPX + 1 = 2383 NAS + 9 = 5870 RUT – 1 = 1394 10 Y + fraction = 2.49% OIL + .58 = 53.19 GOLD + .30 = 1234.30 The S&P 500 and Nasdaq posted their sixth consecutive week of gains this week. The S&P gained 0.7% for the week. The Nasdaq ended the week with a 0.4% gain. The Dow finished the week 0.9% higher, booking a fourth consecutive weekly gain.   Janet Yellen delivered a key speech in Chicago. This was the Fed chairwoman’s last chance to shift market expectations before a mid-March Fed meeting. There will be essentially a blackout period on policymakers public appearances. Under Yellen’s leadership, the Fed has always given the markets clear guidance when it was going to raise interest rates and has not moved unless there is at least a 70% chance of a move being priced in by futures markets. Yellen was straightforward, she expects to raise rates this month, barring any unpleasant economic surprises. Rates remain at a low level by historical standards, supporting ...
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Financial ReviewBy Sinclair Noe