…..Fed minutes point to a hike “relatively soon”. Wells Fargo CEO John Stumpf is out immediately. Yemen rebels fire on a US ship. Qatar buys Boeing jetliners and fighters (maybe war does pay). OPEC oil output hits a high. Chromebooks are the back-to-school winner. Wal-mart hikes salaries to avoid overtime pay. Facebook gets out the vote. Financial Review by Sinclair Noe for 10-12-2016 DOW + 15 = 18,144 SPX + 2 = 2139 NAS – 7 = 5239 10 Y + .02 = 1.79% OIL – .24 = 49.94 GOLD + 2.50 = 1255.90 September’s Federal Open Market Committee meeting featured something not often seen since Janet Yellen took over as chair: honest-to-goodness dissent. Three of the FOMC’s 10 voting members opposed the final statement, even as the majority of central bank officials voted to keep its interest rate target anchored at 0.25 percent to 0.5 percent. The Fed said in a statement after its September meeting that the case for a rate increase had “strengthened.” Today we saw the minutes of the FOMC meeting and it looks like a rate hike could come “relatively soon” if the economy continues to advance at a reasonable pace. The account, released after a standard three-week delay, said some of the officials who voted to wait viewed the decision as a “close call.” Here’s a key quote from the minutes: “It was noted that a reasonable argument could be made either for an increase at this meeting or for waiting for some additional information on the labor market and inflation. A ...