Financial Review

…Fed minutes show no preset course. Michael Cohen flips. Mueller closes in. G20 – Putin meets MbS. Trump meets Xi. Nothing gets resolved. Financial Review by Sinclair Noe for 11-29-2018 DOW – 27 = 25,338 SPX – 6 = 2737 NAS – 18 = 7273 RUT – 5 = 1525 10 Y – .01 = 3.04% OIL + 1.12 = 51.41 GOLD + 3.40 = 1225.10     Stocks were mostly lower today. The Dow and the S&P 500 moved into positive territory with about an hour of trading, but then rolled over in the final 10 minutes.   On Tuesday, Federal Reserve Vice Chair Richard Clarida delivered a speech and he sounded dovish. Yesterday, Fed Chair Jay Powell delivered his own dovish panegyric of Fed propriety. Today, the Fed published the minutes from the most recent FOMC policy meeting. The main headline from the minutes is that almost all Fed officials saw another rate-hike “warranted fairly soon.” The Fed discussed modifying language on “Further Gradual” hikes while expressing its greater reliance on incoming data. Specifically, the minutes state: “Many participan