…..ECB Day – no change. Day One tomorrow – lots of change. Jobless claims at 40 year low. Arizona unemployment rate 5%. Dec. housing starts jump. South Korea’s JY Lee not arrested. Brazil Supreme Court Justice dies in plane crash. Credit Suisse pays $5.28 billion for complete garbage. The strange tale of EpiPen and bizarre drug pricing. McCartney sues for his music. Financial Review by Sinclair Noe for 01-19-2017 DOW – 72 = 19,732 SPX – 8 = 2263 NAS – 15 = 5540 RUT – 12 = 1345 10 Y + .07 = 2.46% OIL + .33 = 51.41 GOLD + .50 = 1204.50 The Dow Industrials erased its gains for 2017 as it fell for the fifth day in a row. The Russell 2000 also turned negative year to date. The European Central Bank left its quantitative-easing program unchanged at €60-billion-euro per month. Policy makers also kept the main refinancing rate at zero and the deposit rate at minus 0.4 percent. There is little sign that the Governing Council is ready to endorse more hawkish language just yet, even after a jump in inflation to 1.7 percent in Germany. The U.S. dollar rose against its major rivals, recovering off earlier weakness after ECB President Mario Draghi said he didn’t see any “convincing” pickup in Eurozone inflation. The ECB’s renewed commitment to stimulus comes a day after Federal Reserve chair Janet Yellen said the American economy is strong enough to warrant higher interest rates. Trump’s pick for ...