Fed jawbones. Low rates keep stocks inflated. Oil continues to slide. Construction spending falls. ISM manufacturing falls. Mortgages near all-time lows. Verizon-Fleetmatic. Tesla-SolarCity. Didi Chuching-Uber China. Glaxo-Alphabet Verily. Pfizer-Bamboo. Ready for Rio. Financial Review by Sinclair Noe for 08-01-2016 DOW – 27 = 18,404 SPX – 2 = 2170 NAS + 22 = 5184 10 Y + .04 = 1.50% OIL – 1.58 = 40.02 GOLD + 2.00 = 1353.40 Chances of a rate cut are being pushed out.  New York Fed President William Dudley declared, describing Friday’s GDP growth figure of 1.2% as “sluggish.” Although he said it was “premature” to rule out monetary policy tightening in 2016, he added that negative shocks were more likely than positive ones due to the unknown fallout from Brexit, a strong dollar and because it was safer to delay a move with rates so low. Federal Reserve Bank of Dallas President Robert Kaplan said a rate increase at the next policy meeting in September is still possible, but the markets just aren’t buying it. Following Friday’s disappointing GDP data, fed fund futures suggest there’s a 35% probability that the next Federal Reserve interest-rate hike will happen in December. That’s down from the 49% probability that markets were pricing in before last week’s Fed meeting.   You have to wonder what some of these Fed policymakers are looking at; the economy is not very strong; it isn’t falling apart – sluggish might be the way to describe it; corporate earnings have been declining ...