…..Fed minutes show disagreement on timing. Factory orders slip. Home prices rise. Oil down. Volvo goes electric. Tesla must produce. Not the life O’Reilly. A glitch in tech. Financial Review by Sinclair Noe for 07-05-2017   DOW – 1 = 21,478 SPX + 3 = 2432 NAS + 40 = 6150 RUT – 6 = 1420 10 Y – .01 = 2.33% OIL – 1.46 = 45.61 GOLD + 3.50 = 1227.70   Welcome back. A holiday shortened trading week kicked off today with FOMC minutes and will finish with a G20 meeting and the jobs report on Friday. Today, the Fed released minutes of its Federal Open Market Committee meeting from June 13-14. We know the Fed raised its fed funds target rate for a second time this year to a range of 1 percent to 1.25 percent, while describing monetary policy as “accommodative” in their statement. They reiterated their support for continued gradual rate increases. Beyond that, the Fed was divided on the timing of when to begin shrinking its massive balance sheet. Fed officials updated their balance-sheet policy in the gathering, laying out a path of gradual reductions with caps. The central bank wants to start winding down the $4.5 trillion bond portfolio without roiling longer-term interest rates, while gradually raising the policy rate. The minutes indicated that the committee wants to begin the balance-sheet process this year, maybe within a couple of months – without naming an exact date. The Fed said in June it would ...