…Stocks rebound. Italy, meh. China prepares retaliation. EU gets no tariff breaks, retaliation expected. Beige Book shows moderate growth, not much inflation. Fed eases up on Volcker Rule. Tax cuts are not providing much boost. Stay calm and reboot. Side effects of Ambien. Financial Review by Sinclair Noe for 05-29-2018 DOW + 306 = 24,667 SPX + 34 = 2724 NAS + 65 = 7462 RUT + 24 = 1647 10 Y + .07 = 2.84% OIL + 1.40 = 68.21 GOLD + 2.50 = 1301.90   The Dow Jones industrial average rose more than 300 points, with Boeing and Home Depot leading the blue-chip stocks higher. Also, the energy stocks came roaring back with Exxon Mobil and Chevron up over 3%. A Reuters report indicated that output cuts implemented by members of the Organization of the Petroleum Exporting Countries and nonmembers led by Russia will remain in place, sending oil prices sharply higher. The Russell 2000 hit a new high. The euro recovers much of its previous losses with a 1.1 percent climb against the greenback to $1.166. An uptick in rates push the big banks upward, with Goldman Sachs, J.P. Morgan, Citigroup, Morgan Stanley, Bank of America and Wells Fargo all finishing up more than 1 percent.   The comeback in equities came as European markets stabilized. The Stoxx Europe 600 closed up 0.2 percent, while Italy’s FTSE MIB — which fell 2.5 percent on Tuesday — rallied 2 percent. Italian two-year bond yields fell to 1.72 percent ...