…..Quad witch calm. G20 blah. Merkel-Trump blah. Tillerson’s diplomatic bomb. Apple in China. Google haters. Mule IPO. Manufacturing output rose. Consumer sentiment rose, but politically divided. LEI up. Tesla has an ATM. JCPenneystill selling Christmas sweaters. Wells Fargo and the spineless board. March Madness bets. Cheers. Financial Review by Sinclair Noe for 03-17-2017 DOW – 19 = 20,914 SPX – 3 = 2378 NAS + 0.24 = 5901 RUT + 5 = 1391 10 Y – .02 = 2.50% OIL + .03 = 48.78 GOLD + 3.00 = 1229.80 The Nasdaq Composite hit a record intraday high of 5,912. Today was a quadruple witching session on Wall Street. A quadruple witch occurs on the third Friday of the last month of every quarter, in March, June, September, and December, and refers to the simultaneous expiration of options and futures tied to individual stocks and stock-indexes. On these days, volume is unusually high as traders offset, close, and roll out of positions. In the opening minute of Friday’s session, one trader dumped 9.24 million shares of Apple stock in a single block trade. At $141 a share, that’s worth about $1.3 billion. No one has claimed the trade as of yet. A quad witch is often associated with added volatility, but the reality is that the sessions are usually fairly tame. And for the most part, the markets have been downright somnambulant. The markets are still near record highs, but they have been moving very slowly. For all the talk of animal spirits, ...