Financial Review by Sinclair Noe for 05-23-2016 Markets are waiting on the Fed to act. Bayer goes after Monsanto. Libor antitrust case goes back to a lower court and possible trebled damages. DOW – 8 = 17,492 SPX – 4 = 2048 NAS – 3 = 4765 10 Y – .01 = 1.84% OIL – .33 = 48.08 GOLD – 3.70 = 1249.20 If you were actively trading the markets today – well, you were probably falling asleep. It was like watching paint dry. The S&P 500 index traded in an 8 point range for the session, drifting from positive to negative without conviction. Including today, we’ve had 98 trading days this year. On 20 of these days, the S&P moved 0.1% or less. That’s just over 20% of the time. In the prior 10 years, there was a total of 2517 trading days. And the S&P had a total of 288 moves of 0.1% or less. That’s just over 11% of the time. There has been plenty of volatility but it has been interspersed with indecision. John Williams, president of the Federal Reserve Bank of San Francisco, said Sunday the presidential election wouldn’t prevent the central bank from raising interest rates later this year. Mr. Williams has said that he favors raising rates two or three times this year. St. Louis Fed President James Bullard said today that the strength of the U.S. labor market, inflation levels that are closer to the Federal Reserve’s target of ...