Financial Review

Falling Leaves


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….Blame it on North Korea, or not. FAANG slippage. Fed and autumn leaves. Germany slips to the right. Abe snaps. Kurds seek independence. Oil pops. Deloitte hacked. Target raises minimum wage. Brown Univ. goes debt free. Financial Review by Sinclair Noe for 09-25-2017   DOW – 53 = 22,296 SPX – 5 = 2496 NAS – 56 = 6370 RUT + 1 = 1451 10 Y – .04 = 2.22% OIL + 1.43 = 52.09 GOLD + 13.20 = 1311.30   North Korea’s foreign minister said Trump has “declared war” on his country and threatened to shoot down US jets in international airspace. Ri Yong Ho said the “declaration of war” meant North Korea could target US bombers. He said: “The question of who won’t be around much longer will be answered then.” That was a reference to Trump’s recent tweet that the North Korean foreign minister, and leader Kim Jong-un “won’t be around much longer”. Maybe the North Koreans are good market timers and they timed their rhetoric for maximum market impact.  So far, no weapons have been fired but it offers a good excuse for selling stocks, if you were looking for an excuse.  A better justification is that stocks have been on a record-setting run and we are now heading into the end of the month and the end of the quarter, so it’s a good time to make the ledger look pretty.   Yet another justification is that the bull market is getting long in the tooth. ...
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Financial ReviewBy Sinclair Noe