…Trump confirms hush money payoff. Wall Street looks away. Fed minutes point to September rate hike. More tariffs against China tomorrow. Existing home sales stall. Target earnings on target. Lowes earnings good but not strong. Facebook plays whack-a-mole. Financial Review by Sinclair Noe for 08-22-2018 DOW – 88 = 25,733 SPX – 1 = 2861 NAS + 29 = 7889 RUT + 4 = 1722 10 Y – .02 = 2.82% OIL + .21 = 68.07 GOLD – .20 = 1196.30   So yesterday was an eventful news day. Trump suffered one of the worst days of his presidency as Michael Cohen, his former personal attorney, pleaded guilty to a number of charges and said he had acted at Trump’s direction to make hush payments to two women in violation of campaign finance laws. The same day a federal jury convicted former Trump campaign manager Paul Manafort on tax and bank fraud charges. But the legal turmoil caused barely a ripple on Wall Street. Stocks teetered between small gains and losses. Wall Street can’t seem to figure out the severity of the legal problems, and what happens next. Give it some time.   Today, during an interview on Fox News, Trump repeatedly emphasized that the hush money payments at the center of Michael Cohen’s guilty plea were not made with campaign funds. There’s just one problem: That doesn’t exonerate him at all. In context, Trump appeared to be trying to say that this exonerates him, but the opposite is the ...