Financial Review

Milk and Cookies

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Synopsis

…Dow and S&P hit record highs. Stocks look strong compared to the rest of the world. Household net worth grows. Gov shutdown still possible, maybe. Stocks soar even in the face of trade wars. Florence roundup; chicken and hog problems, and coal ash. One year after Maria in Puerto Rico and don’t forget USVI. Financial Review by Sinclair Noe for 09-20-2018 DOW + 251 = 26,656 SPX + 22 = 2930 NAS + 78 = 8028 RUT + 17 = 1720 10 Y un 3.08% OIL – .35 = 70.77 GOLD + 3.20 = 1207.90 The Dow and the S&P 500 closed at record highs today. The Nasdaq is about 1% shy of a record high. It has been a while since we’ve celebrated with milk and cookies. The bull market in stocks is the longest on record – as you know. Today’s price action just confirms the bull market. The move in the Dow looks particularly strong, coming about 8 months after the last record high in January. The last S&P 500 record was in August.   Recent market gains have come on signs of steadily improving fundamentals. In the latest economic data, first-time