Financial Review

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…Stocks bounce back (somewhat). Thus spake Clarida. Amazon looks at a weak holiday season. Alphabet stumbles. Intel beats. Twitter loses users that did not exist. AK Steel hurt by tariffs. Saudis get away with murder. Simultaneous former presidential assassination attempts. Financial Review by Sinclair Noe for 10-25-2018 DOW + 401 = 24,984 SPX + 49 = 2705 NAS + 209 = 7318 RUT + 31 = 1500 10 Y + .01 = 3.14% OIL + .16 = 66.98 GOLD – 1.60 = 1232.80   New Federal Reserve vice chair Richard Clarida on Thursday said he’d support “some further” increase in interest rates as the best way to nurse the current U.S. recovery along while guarding against any jump in inflation. In his debut speech as the Fed’s second in command and the most recent appointee by President Donald Trump, Clarida said the economy showed signs of continuing to motor along, making it appropriate to continue to gradually raise interest rates that remain “accommodative,” or encouraging of spending and investment.   Clarida’s speech puts him squarely in the mainstream of Fed thinking, though he did hint that he may favor an earlier stopping point to the current cycle of rate hikes than some of his colleagues who see rates rising to a “restrictive” level of around 3.4 percent sometime in 2020. While growth is strong and may well have shifted into a higher permanent gear, particularly after data showing higher than previously estimated household savings available to support future spending, Clarida ...
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Financial ReviewBy Sinclair Noe