Financial Review

Don’t Blink

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Synopsis

…Stocks stage a last hour rally. Why have stocks been dropping in a strong economy? What was behind today’s rally into the close. Consumer confidence slips. Techs mixed. Financial Review by Sinclair Noe for 12-27-2018 DOW + 260 = 23,138 SPX + 21 = 2488 NAS + 25 = 6579 RUT + 2 = 1331 10 Y – .05 = 2.74% OIL – .93 = 45.29 GOLD + 8.90 = 1276.20   I have been out of studio for the past couple of weeks on holiday. And while I was gone, it looks like you kids just made a mess of the markets. I look around and everything has been trashed. I know you tried to clean up yesterday, but it was too little, too late.   Last Friday, the Dow closed at 22,445. This holiday shortened week saw stocks plunge on Monday in a Christmas Eve nightmare, followed by a 1,000 point Boxing Day bounce, and then down again today, the Dow industrial were down about 600 points  – at least until the final hour or so of trade. Stocks had fallen for four consecutive days through Monday, and the drop had pushed the S&P 500 to within just a few poi