Financial Review

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…..ADP shows 298,000 new jobs last month. Productivity up 1.3% but flat for year. ECB tomorrow. Japan GDP spark. China trade deficit. Oil glut continues, inventories at records. Mexican sugar, trade wars begin. Caterpillar’s taxing problem. CIA’s Vault 7 Wikileaks, biggest ever. AHCA could lose 10 million insured. Kauai, Hawaii goes solar with Tesla batteries. West Virginia showered with prescription painkillers. Wall Street bull faced down by little girl. Financial Review by Sinclair Noe for 03-08-2017 DOW – 69 = 20,855 SPX – 5 = 2362 NAS + 3 = 5837 RUT – 8 = 1366 10Y + .04 = 2.55% OIL – 2.95 = 50.19 GOLD – 7.70 = 1208.90 The S&P and Dow are down for 3 straight sessions. Oil closed at a 3 month low.  Eight years ago, the Dow Industrial average was barely holding on at the 6,500 level. The S&P 500 index had dropped to 666. Since those dark days in the Spring of 2009, the Dow has climbed over 320%. The S&P is up 354%. If you had purchased Apple 8 years ago, you would have a 1,000% gain. Home Depot delivered a 608% gain. Not very likely you were buying stocks 10 years ago this week; a lottery ticket would have been an easier play.   Payrolls processor ADP reports the US economy added 298,000 private-sector jobs in February, the most since April 2014. ADP’s report wasn’t just strong at the headline—it also suggested growth in well-paying fields, as construction and professional & ...
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Financial ReviewBy Sinclair Noe