Financial Review

Not Exactly


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….On again off again trade wars/disputes, whatever. Oil prices and everything else starting to pinch. Dodd Frank rollback because…, it works? Zuckerberg goes to the EU. SpaceX again. Financial Review by Sinclair Noe for 05-22-2018 DOW – 178 = 24,834 SPX – 8 = 2724 NAS – 15 = 7378 RUT – 12 = 1625 10 Y un = 3.07% OIL – .15 = 72.09 GOLD – 1.60 = 1291.60 Stocks gave back most of yesterday’s gains. Yesterday, the trade war with China was put “on hold”. Today, not exactly. Trump questioned a potential trade agreement with China that his administration announced days earlier, indicating he isn’t satisfied with the deal, whatever the deal might be. And by the way, he still wants a ban on Chinese telecom company ZTE, which is facing stiff penalties for violating sanctions against North Korea and Iran. Meanwhile the proposed June summit with North Korean dictator Kim Jong Un, may not happen according to Trump.   Tomorrow, we will look at the minutes from the Federal Reserve’s FOMC policy meeting in May. They did not hike rates, but the minutes might help to plot whether the Fed is hawkish or dovish – the difference being 2 or 3 more rate hikes for the remainder of the year.   Oil prices took a split path today, with the global benchmark, Brent crude, scoring a fresh 3½-year high while the U.S. benchmark, West Texas Intermediate, edged lower, with traders weighing the potential influence of developments tied ...
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Financial ReviewBy Sinclair Noe