Financial Review

No Reason Not To


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…..Stocks hit records. Irma not quite catastrophic. OJ, cotton tumble. Yes, talk about climate change. Reporters in floodwaters. Dollar bounces. $1,000 phones. Equifax – no excuse. China goes EV. Financial Review by Sinclair Noe for 09-11-2017   DOW + 259 = 22,057 SPX + 26 = 2488 NAS + 72 = 6432 RUT + 15 = 1414 10 Y + .06 = 2.13% OIL + .02 = 48.09 GOLD – 19.00 = 1328.00   The S&P 500 climbed to a record high close. North Korea did not test nuclear weapons over the weekend. Hurricane Irma did not destroy Florida. So, there is that.   Irma caused severe flooding in many Florida cities and left more than 6 million homes and businesses without power, but damage appeared to be less than expected. Shares of U.S. and European insurers jumped. Shares of Florida insurers Heritage Insurance Holdings, HCI Group and Universal Insurance Holdings all rose about 15 percent, while property and casualty insurer United Insurance Holdings gained 10 percent. Shares of larger insurers Travelers and Chubb rose about 3 percent. Shares of reinsurers Swiss Re and Scor rose more than 3 percent. Aspen Insurance Holdings shares rose 9.8 percent while Everest Re and XL Group were up more than 5 percent.  Preliminary industry losses were estimated at $15 billion to $50 billion in the United States, and $5 billion to $15 billion in the Caribbean. Irma was bad but not as bad as first feared.   Irma roiled the markets for orange ...
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Financial ReviewBy Sinclair Noe