Financial Review

The Great Unwind


Listen Later

…..Dow record high close. Maria hits Puerto Rico. Earthquake in Mexico. The stock market is calm, too calm. The Fed holds rates steady for now but begins the Great Unwind. The mystery? Will it work? Financial Review by Sinclair Noe for 09-20-2017   DOW + 41 = 22,412 SPX + 1 = 2508 NAS – 5 = 6456 RUT + 5 = 1445 10 Y + .03 = 2.28% OIL + .81 = 50.29 GOLD – 10.20 = 1301.50   Dow and S&P hit record highs, again.   We start today with a couple of natural disasters. This morning Hurricane Maria hit Puerto Rico as a Category 4, but with wind gusts up to 190 MPH. There is serious damage, still being sorted out. Communications are down, power to the island is gone – the entire electric grid shredded – a total blackout. Buildings damaged and widespread flooding. People seeking help were told by authorities that they would have to sit tight until conditions improved. So far, there have been no reports of deaths in Puerto Rico, though there have been several reports in other parts of the Caribbean, including on the French island of Guadeloupe. Before striking Puerto Rico, Hurricane Maria’s eye clipped the edge of St. Croix in the U.S. Virgin Islands. Some 3,200 federal government staffers, National Guardsmen and other emergency personnel overseen by the Federal Emergency Management Agency were already in Puerto Rico, many of them dealing with the Irma response and recovery, when Maria approached.   Maria could worsen the ...
...more
View all episodesView all episodes
Download on the App Store

Financial ReviewBy Sinclair Noe