Waiting on the Fed. Existing home sales drop. Oil, too. A phabulous phablet. Apple’s tax dodge finds a peculiar bedfellow. The really cool part about Tesla’s announcement. Blimps, really big blimps. Government intervention in cheese. The startling truth about “iced” beverages. Financial Review by Sinclair Noe for 08-24-2016 DOW – 65 = 18,481 SPX – 11 = 2175 NAS – 42 = 5217 10 Y + .02 = 1.56% OIL – 1.30 = 46.80 GOLD – 13.10 = 1324.80 Today’s marks the first anniversary of a chaotic day in the markets. The S&P 500 lost 77.7 points, or 3.9%, and China’s Shanghai Composite crashed more than 8%, less than a week after the People’s Bank of China announced it was devaluing its currency. Investors are turning their attention to Fed chair Janet Yellen to see whether she will endorse recent comments from other central-bank officials that indicated rates could rise as early as next month. Yellen is scheduled to speak at the Jackson Hole Wyoming economic symposium on Friday. Recent economic news in the US has been pretty good. Several Fed policymakers have made some hawkish comments in the past few days suggesting the Fed will hike rates in September. Predictably the idea that the Fed is contemplating a rate rise while all the other major central banks are looking to provide more stimulus led to a stronger US dollar and weaker commodity prices. Odds of an increase in September have climbed to 28 percent, from 10 percent a ...