Financial Review

…Stocks trade in range. Apple’s big yawn. Beige book slightly dovish, but hawks will rule the FOMC. PPI slips. Middle class claws back to 1999. Businesses fight tariffs. Dimon is not running (wink, wink). Flo in the wings. Financial Review by Sinclair Noe for 09-12-2018 DOW + 27 = 25,998 SPX + 1 = 2888 NAS – 18 = 7954 RUT – 2 = 1715 10 Y – .01 = 2.96% OIL + 1.05 = 70.30 GOLD + 8.00 = 1207.10   So far in September, the Dow is up a fraction, the S&P 500 is down a fraction, but the Nasdaq Composite is down about 2.25%. For a long time, the Nasdaq, or more specifically tech stocks, or more specifically, the FAANG stocks, provided market leadership. The recent pullback is not a catastrophe, but it raises the question about where the market is going and which stocks are leading the way, if any. Right now, it is difficult to see any sector that looks like it could challenge the recent performance of the FAANGs. Without leadership, the broader market is like to trade in a range, at least for a while.   Apple just wra