Financial Review

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…..Black Friday sales dip, except guns. Cyber Monday should be big. OPEC meets Wednesday. Singapore for entrepreneurs. Samsung split? Time for sale? Wells Fargo fights because there is a clause calling for mediation on the bogus accounts they fraudulently opened. Hack the Muni. You did not win the Powerball, so we look at the good news and the bad news in the stock market. Financial Review by Sinclair Noe for 11-28-2016 DOW – 54 = 19,097 SPX – 11 = 2201 NAS – 30 = 5368 RUT – 17 = 1329 10 Y – .05 = 2.32% OIL + .84 = 46.90 GOLD + 9.90 = 1194.80 The Dow and the Nasdaq both rose 1.5% last week, while the S&P gained 1.4%. The Russell outpaced them all, jumping 2.3%. The Russell 2000 index of small cap stocks extended its winning streak to 15-straight sessions, something that hasn’t happened since February 1996 before ending the streak today.   Black Friday sales were down. Brick-and-mortar retail sales fell 5% year-over-year for Thanksgiving Day and Black Friday as online spending broke $3 billion for the first time.  Black Friday was a record-breaking day for gun background checks in America. The FBI processed 185,713 background checks for buyers through its National Instant Criminal Background CheckSystem (NICS.) That was nearly 400 more transactions than the bureau processed on Black Friday 2015. More than 122 million – that’s how many people are planning to flock online to score Cyber Monday deals, according to a survey from the National Retail Federation. A huge number and an all-time ...
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Financial ReviewBy Sinclair Noe