Financial Review

…Stocks continue to fall; multiple issues affecting markets. 3Q GDP decelerates to 3.5%. Tax cut sugar high passes. Financial Review by Sinclair Noe for 10-26-2018   DOW – 296 = 24,688 SPX – 46 = 2658 NAS – 151 = 7167 RUT – 16 = 1483 10 Y – .06 = 3.08% OIL + .29 = 67.62 GOLD + 1.20 = 1233.80   On Wednesday, the Dow Industrial Average’s high for the day was 25,306. Today the session low was 24, 445 – this represents an 850-point spread between Wednesday and today. Volatility has returned to the markets. With the S&P 500 only five weeks removed from its all-time high, we’ve not been definitive about labeling this move a new cyclical bear market. But it’s very likely we are experiencing one. Today’s decline sent the S&P 500 into a correction, as the index is now down about 10.5% from its September 21 year-to-date intraday high of 2,940. The Nasdaq entered a correction on October 11. The Dow is down about 9% from its record high of 26,951.  The Dow on Thursday climbed 400 points, trying to regain losses from prev