Financial Review

…Stocks follow bonds lower. Powell seems overly optimistic. The big questions for Friday’s jobs report. China’s Super Micro hack. Autonomous cars update. Danske’s money laundering problem. Financial Review by Sinclair Noe for 10-04-2018 DOW – 200 = 26,627 SPX – 23 = 2901 NAS – 145 = 7879 RUT – 24 = 1646 10 Y + .04 = 3.20% OIL – 1.78 = 74.63 GOLD + 2.60 = 1200.70   If you were looking for market leadership, it was on display over the past 2 days – the bond market was leading the stock market lower. After a big drop in bond prices yesterday pushed the yield on the 10-year note to 3.16%. Today, the benchmark 10-year U.S. Treasury yield rose to near 3.2%, climbing to a seven-year high. The 30-year yield hovered above 3.3%. Equities competing for capital fell accordingly. Selling weighed heaviest on the tech-heavy Nasdaq, which saw losses in excess of 2.2% at session lows before ending down 1.8%. The Dow Jones industrial average and the S&P 500 were both lower by about 0.8%.   Bonds are falling as a result of “str