Financial Review

…Stocks crash. FAANGs lose a fortune. Banks slammed. China-US trade deal not a real deal, yet. Inversion is here. Quitar (sounds like something Tariff Man would say). Financial Review by Sinclair Noe for 12-04-2018 DOW – 799 = 25,027 SPX – 90 = 2700 NAS – 283 = 7158 RUT – 68 = 1480 10 Y – .07 = 2.92% OIL – .34 = 52.61 GOLD + 7.70 = 1239.00 The Dow’s loss of 3.1% sent the industrials back below the 50-day moving average, just one day after the index climbed back above that key line. The Nasdaq composite was punished by a 3.8% plunge, while the S&P 500 tumbled 3.2%. Both fell back below their 200-day moving averages, and the Nasdaq now appears to have hit resistance at its 50-day line. For its part, the S&P 500 also turned back below its 50-day average, after all of one day above it. The Dow managed to hold support at 25,000, and the S&P found a floor at 2700. Tech stocks are back in correction territory after a painful day for public exchanges. In total, the FAANG stocks — Facebook, Amazon, Apple, Netflix and