Financial Review

Harbingers


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…..London attacked. Markets quiet but volatility ahead. Budget cuts to environmental programs not so easy. Existing home sales dip. Mortgage apps dip. Millionaire households grow fast. Nike, Fed Ex earnings. Fiat Chrysler investigation. ING investigation. ECB on protectionism. T+3 is history. Google ads popping up in the darnedest places. Financial Review by Sinclair Noe for 03-22-2017 DOW – 6 = 20,661 SPX + 4 = 2348 NAS + 27 = 5821 RUT – 0.95 = 1345 10 Y – .04 = 2.39% OIL – .09 = 48.15 GOLD + 4.00 = 1249.20   London was shaken today by the first major terrorist attack since the 2005 subway bombings. Witnesses told of hearing multiple gunshots after a policeman was attacked outside Parliament. On Westminster Bridge, a car mowed down pedestrians. Two pedestrians and a police officer were killed, and at least 20 people injured, some very seriously. A vehicle ran over pedestrians before crashing into a fence outside Parliament. A man wielding a knife then ran into the grounds and stabbed a police officer before being shot. Police believe the man, who died from his injuries, was the only attacker and are treating the attack as terrorism.   Global stocks were in retreat mode, but losses were relatively minor. Investors were taking some money out of equities and they’re putting their cash into government bonds.  European markets declined with many indexes down by about 1%. Asian markets ended the day with losses. Japan’s Nikkei notched the biggest drop of 2.1%. The moves follow a ...
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Financial ReviewBy Sinclair Noe