Financial Review

…Another record close for the Dow. Quad witch and rebalancing. Waiting on the Fed. China trade war kicks into gear on Monday; retailers write letters. NAFTA? Bid for Sky. Financial Review by Sinclair Noe for 09-21-2018 DOW + 86 = 26,743 SPX – 1 = 2929 NAS – 41 = 7986 RUT – 8 = 1711 10 Y – .01 = 3.07% OIL + .51 = 70.83 GOLD  – 8.20 = 1198.70   The Dow Industrial Average hit another record high close. The Dow and S&P 500 each ended the week with their 10th weekly gain in the past 12 weeks. The Nasdaq lost ground on the week. Quadruple witching, when stock options and futures expire, and the rebalancing of the S&P 500 and the Russell 2000 indexes also contributed to heavier traffic. Volume on U.S. exchanges was 10.7 billion shares, nearly 64 percent higher than the 20 day average.   Tech has grown to be roughly 26 percent of the S&P 500. Facebook, Amazon, Apple, Microsoft and Alphabet represent an S&P 500 market weighting (15.6 percent) that is greater than either the health-care or financials sector. Monday, th