Financial Review

M&A Media Mayhem


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…..Dow, S&P down for week. Nas up. Wrapping up a good earnings season. Oct. housing starts jump. FCC rolls back media ownership rules; M&A media mayhem ensues. A knife in net neutrality. Tesla’s Semi. Banks behaving badly. Financial Review by Sinclair Noe for 11-17-2017 Tax cuts, earnings season, housing starts, FCC, medio ownership, net neutrality, Tesla Semi, JPMorgan money laundering, DOW – 100 = 23,358 SPX – 6 = 2578 NAS – 10 – 6782 RUT + 5 = 1492 10 Y – .01 = 2.35% OIL + 1.54 = 56.68 GOLD + 15.10 = 1294.40   It has been a wild week on Wall Street, with the biggest gain and the largest drop in two months after touching records a week earlier. Investors are trying to gauge whether benchmarks will continue a march to all-time highs on strong earnings and faster growth spurred by corporate tax cuts or if they will be pulled down amid lofty valuations, the flattest yield curve in a decade and a selloff in junk bonds. For the week, the Dow lost 0.3%. The S&P lost 0.1%. The Nasdaq gained 0.5% for the week. Yesterday, the House passed its version of a tax cut plan. The Senate is still debating its own plan, trying to reduce the 10-year debt impact below $1.5 trillion. A Reuters poll showed that nearly two-thirds of more than 60 economists said they were not confident the Trump administration would get the legislation passed this year. The biggest problem for the tax plan ...
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Financial ReviewBy Sinclair Noe