Countdown

Financial Review

…Waiting for the election. Iran sanctions in effect. Talk about talking with China. Net neutrality. Lowe’s closing stores. Amazon might have 2 new HQs. FedEx to hike rates. Financial Review by Sinclair Noe for 11-05-2018 DOW + 190 = 25,461 SPX + 15 = 2738 NAS – 28 = 7328 RUT – 0.46 = 1547 10 Y – .01 = 3.20% OIL – .36 = 62.78 GOLD – 1.60 = 1231.60 Stocks were mixed. On Thursday, the Fed concludes a two-day policy meeting, which isn’t expected to deliver a change in rates, but may offer fresh insights to investors about the pace of coming rate increases and the effects of trade clashes between the U.S. and China on the domestic economy. Shares of Apple dropped 3.1% today following a 6.6% stock decline on Friday, after saying it would no longer disclose unit sales of its products for investors, as it has for more than a decade. Tomorrow it will all be over. If we are lucky. Some elections may require a re-count or a runoff, but mostly the election concludes tomorrow. What will it tell us about where we are headed as a nation? Who knows. It will tell us who is in power, but not necessarily how Americans are thinking. The dangers of extrapolation can be simply defined: The president’s party almost always loses the midterm election, but presidents usually win their reelection campaigns. Tuesday’s election will be, in part, an expression of the electorate’s views on ...

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