Record high close for Dow industrials and S&P 500. It’s raining yen. BOE plans rate cuts. Global stocks erase losses. IMF says Brexit impact is negligible on US. Inventories barely rose. Job openings lower. Small biz sentiment up again. EU-US Privacy Shield is big deal for big data. The Hague rules against China. Happy Prime Day. Financial Review by Sinclair Noe for 07-12-2016   DOW + 120 = 18,347 SPX + 14 = 2152 NAS + 34 = 5022 10 Y + .09 = 1.52% OIL + 2.04 = 46.80 GOLD – 21.90 = 1333.70 Japan’s Nikkei extended gains overnight,  rising 2.5% to almost recapture its pre-Brexit level, after Prime Minister Shinzo Abe ordered a new round of fiscal stimulus. The yen had its biggest two-day slide since 2014. Former Federal Reserve Chairman Ben Bernanke met with Prime Minister Shinzo Abe Tuesday. Bernanke noted during the face-to-face meeting that Japan’s central bank still has a range of monetary easing measures at its disposal. Brushing aside a view among Japanese economists that BOJ policy has reached its limit, Bernanke’s assessment added to speculation that Tokyo will unleash new rounds of fiscal and monetary stimulus to reboot Abenomics, Abe’s growth plan. It sounds like Bernanke is giving instructions on how to use the helicopter to make it rain yen.   The European Commission has slashed its U.K. and Eurozone growth forecasts following the Brexit vote, stating the cumulative negative impact for British GDP would be about 1%-2.5%, and the euro area between 0.2%-0.5%, by ...