Financial Review

…Stocks stumble into holiday. Economic data dump: existing home sales, housing starts tick up, consumer sentiment falls, durable goods orders sink, LEI ticks up. Oil bounces. Wrapping up USMCA. Financial Review by Sinclair Noe for 11-21-2018 DOW – 0.95 = 24,464 SPX + 8 = 2649 NAS + 63 = 6972 RUT + 19 = 1488 10 Y + .01 = 3.06% OIL + 1.02 = 54.45 GOLD + 4.30 = 1226.40   Stocks bounced, a little, not enough. Stocks were in positive territory for most of the session but closed at lows for the session. The S&P 500’s plunge on Tuesday left the broad index staring at a 9.1% deficit on the quarter. That marks the S&P 500’s worst start to a fourth quarter through 37 trading days since 2008. Thankfully, the current slump is nowhere near as serious as the 35% meltdown from a decade ago. The bad news is that the S&P 500 has only started the fourth quarter this horribly five other times in history. And those years are all infamous. Besides 2008, these years include the Great Depression (1929, 1932 and 1937) as well as 198