Financial Review

…Stocks drift, rates push higher. Mortgage tops 5%. IMF cuts growth forecasts because of trade wars. Ford to cut workers. Bribing farmers with E15. Google got gadgets. Ackman buys coffee. Michael goes to Florida. Financial Review by Sinclair Noe for 10-09-2018 DOW – 56 = 26,430 SPX – 4 = 2880 NAS + 2 = 7738 RUT – 7 = 1621 10 Y – .03 = 3.21% OIL + .56 = 74.85 GOLD + 1.60 = 1190.10 The S&P 500 notched its fourth consecutive day of losses. The Nasdaq Composite snapped a 3-day losing streak. This was a sloppy trading session, with lots of ups and downs and no clear direction.   The yield on the benchmark 10-year Treasury note briefly rose above 3.25 percent today, the year-end target for a number of bond strategists, who say it could continue to go higher. The rising yield has hit stocks, but analysts disagree on what level on the 10-year would really hurt stocks. Bond sales this week will show whether investors are willing to buy at these higher levels. The Treasury is auctioning about $230 billion in 3- and 10-