Financial Review

Pottery Barn Rules


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….Nasdaq record high. Trump tries to undermine ACA by stopping cost-sharing reductions. Trump decertifies Iran deal. CPI up. COLA will be 2%. Retail sales up. Consumer confidence up. BAC beats. WFC misses. The last Flight 666 to HEL. Financial Review by Sinclair Noe for 10-13-2017   DOW + 30 = 22,871 SPX + 2 = 2553 NAS + 14 = 6605 RUT – 2 = 1502 10 Y – .04 = 2.28% OIL + .80 = 51.40 GOLD + 10.20 = 1304.30   The Dow Industrials hit an intraday high but then faded to close just below Wednesday record closing high. The Nasdaq closed at a record high.   For the week, the Dow was up 0.4 percent and the S&P 500 was up 0.2 percent, pushing the Dow and the S&P 500 to a fifth straight week of gains. The Nasdaq rose 0.2 percent for the week, registering a third week of gains.   Yesterday we told you that Trump had signed an executive order that makes it easier for individuals and small businesses to buy alternative types of health insurance with lower prices, fewer benefits and weaker government protections. Yes, the policies would cost less, but they are basically don’t get sick plans. Still, these junk plans sold through associations could siphon young and healthy patients out of the ACA’s exchanges and create an individual-market death spiral. But the order is vague and subject to likely legal challenges.   The administration announced late last night that Trump will ...
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Financial ReviewBy Sinclair Noe