Financial Review

No Small Feat


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…..8 days down. Move on to taxes. Kushner swats at reinventing government, after he testifies. Crack down on sanctuary. States’ tax revenue falls. A week of Fedspeak. OPEC considering extending production cuts. Retail sector ugliness. D-Fanged. Bill Gross settles. UPS must pay for cigs. Uber self-driving car crash. Las Vegas Raiders. Financial Review by Sinclair Noe for 03-27-2017 DOW – 45 = 20,550 SPX – 2 = 2341 NAS + 11 = 5840 RUT + 2 = 1357 10 Y – .03 = 2.37% OIL – .12 = 47.85 GOLD + 10.90 = 1254.80   Stocks pared losses, and recovered from session lows; enough to push the Nasdaq into positive territory; enough to turn a 184-point loss on the Dow into just a 45-point loss at the close. The Dow Jones industrial average is now down for 8 straight sessions – the longest losing streak since August 2011; you may recall that the instigation for that loss was concern about the credit worthiness of some of the largest economies in Europe. Additionally, the only other times since 1990 that we have seen 8 down days for the Dow were in October 2008 and September 2001. Prior to 1990, it happened three times in the 1980s and much more frequently in the 1960s and 1970s. Still, the current losing streak only saw the Dow drop 400 points or 1.9%. The overall trend is still up and the recent weakness doesn’t look like anything more than the markets taking a pause after ...
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Financial ReviewBy Sinclair Noe