…..Nasdaq record high; 17 years to cross 6,000. Earnings drive the market: McDonald’s, Caterpillar, Coca-Cola, AT&T, 3M, Chipotle. Panera delivers. Wells and Citi face angry shareholders. Trade war with Canada over lumber. Mexican tuna is safe. Judge blocks sanctuary city order. Consumer confidence dips. New and existing home sales rise. Financial Review by Sinclair Noe for 04-25-2017 DOW + 232 = 20,996 SPX + 14 = 2388 NAS + 41 = 6,025 RUT + 13 = 1411 10 Y + .05 = 2.33% OIL + .13 = 49.36 GOLD – 12.00 = 1265.00 This has been a very strong start to the week. The Dow Industrial Average has added about 460 points in the past two sessions and traded above 21,000. The S&P 500 has gained about 40 points. Both the Dow and the S&P are now back above their 50-day moving averages. The Nasdaq Composite broke through 6,000 for a record high. To put this in perspective, the Nasdaq broke above the 5,000 milestone on March 9, 2000 – 17 years ago. Simple math tells you that the Nasdaq has returned just over 1% per year, on average, for the past 17 years. Of course, there was nothing average about the past 17 years.   The week started with somewhat positive news about the French elections, which translated to a risk-on trade for global markets; combined with easing geopolitical tensions; plus, the hope for some sort of tax cut measure to be announced tomorrow. The threat of a US ...