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Year of the Rooster
…..TPP axed. Baseline 25 million jobs and 4% GDP. Emoluments matter. Foxconn TVs in USA. Kroger to add jobs. IBM to add jobs – after firing workers. Yahoo under SEC investigation. McDonald’s post-breakfast come down. Halliburton reports mixed earnings. OPEC cuts as expected. Everett Washington sues Purdue Pharma for OxyContin epidemic. United grounded. Hong Kong most expensive. South Korea most innovative. Happy Year of the Rooster. Tax season starts. Have a cookie. Financial Review by Sinclair Noe for 01-23-2017 DOW – 27 = 19,799 SPX – 6 = 2265 NAS – 2 = 5552 RUT – 4 = 1347 10 Y – .06 = 2.40% OIL – .35 = 52.87 GOLD + 7.40 = 1217.40 President Trump is expected to sign an executive order as early as today – intended to renegotiate NAFTA, the free trade agreement between the United States, Canada and Mexico. Trump also signed an executive order pulling out of the Trans-Pacific Partnership (TPP). In one of first Trump administration orders, the Department of Housing & Urban Development suspended reduction of FHA annual mortgage insurance premium rates. That was a quarter of a percent cut in the mortgage insurance premium for FHA loan holders, announced last week by the U.S. Department of Housing and Urban Development and set to go into effect next Friday, January 27. The reduction was estimated to save the average FHA borrower $500 this year. The new White House rolled out several policy promises on its new website. The position page on jobs ...
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By Sinclair Noe…..TPP axed. Baseline 25 million jobs and 4% GDP. Emoluments matter. Foxconn TVs in USA. Kroger to add jobs. IBM to add jobs – after firing workers. Yahoo under SEC investigation. McDonald’s post-breakfast come down. Halliburton reports mixed earnings. OPEC cuts as expected. Everett Washington sues Purdue Pharma for OxyContin epidemic. United grounded. Hong Kong most expensive. South Korea most innovative. Happy Year of the Rooster. Tax season starts. Have a cookie. Financial Review by Sinclair Noe for 01-23-2017 DOW – 27 = 19,799 SPX – 6 = 2265 NAS – 2 = 5552 RUT – 4 = 1347 10 Y – .06 = 2.40% OIL – .35 = 52.87 GOLD + 7.40 = 1217.40 President Trump is expected to sign an executive order as early as today – intended to renegotiate NAFTA, the free trade agreement between the United States, Canada and Mexico. Trump also signed an executive order pulling out of the Trans-Pacific Partnership (TPP). In one of first Trump administration orders, the Department of Housing & Urban Development suspended reduction of FHA annual mortgage insurance premium rates. That was a quarter of a percent cut in the mortgage insurance premium for FHA loan holders, announced last week by the U.S. Department of Housing and Urban Development and set to go into effect next Friday, January 27. The reduction was estimated to save the average FHA borrower $500 this year. The new White House rolled out several policy promises on its new website. The position page on jobs ...