…..Dow and S&P 500 hit records again. Waiting on the Fed to reverse QE. Northrop Grumman buys Orbital. Hurricane Maria eyes Puerta Rico. Obamacare repeal zombies. Justice Dept. investigates insider trading at Equifax. Bad student loans. Toys R Us R BK. Dimon’s bitcoin con. Financial Review by Sinclair Noe for 09-18-2017 DOW + 63 = 22,331 (record) SPX + 3 = 2503 (record) NAS + 6 = 6454 RUT + 9 = 1441 10 Y + .03 = 2.23% OIL + .05 = 49.94 GOLD – 12.10 = 1308.10 The Dow and the S&P 500 hit record highs. The Dow has posted gains for 7 consecutive sessions and 5 consecutive record high closes. The was the 40th record high for the Dow this year. The S&P 500 topped 2500 Friday and held that milestone level today. At the start of the year, bullish analysts were anticipating S&P 2500 by the end of the year, so take the next 3 months off, go home and relax. Assuming nothing explodes, the big economic event this week will be the Fed FOMC meeting. The Fed is expected to begin Quantitative Tightening by beginning to sell off some of its $4.5 trillion dollar in Treasuries and mortgage backed securities. On Wednesday, the Fed will wrap up its 2-day meeting on monetary policy and likely announce that it will start selling in October – just a little bit, at first. You’ll hardly notice – they say – or at least they hope you ...