Financial Review

…Twitter and Facebook go to Washington. Google not so much. NYT Op-Ed cites inside resistance. Trade deficit jumps. NAFTA talk, talk. Kyl steps in for McCain. Theranos bleeds out. Financial Review by Sinclair Noe for 09-05-2018 DOW + 22 = 25,974 SPX – 8 = 2888 NAS – 96 = 7995 RUT – 5 = 1727 10 Y un 2.90% OIL – .98 =  68.89 GOLD + 5.20 = 1197.30 The Dow is only 600 points away from setting its first record since late January. The S&P 500 is trading just 1% below its all-time high. The VIX volatility index, a measure of market turbulence, remains at a subdued level of 14. Compare that to the turmoil in emerging markets. The iShares MSCI Emerging Markets ETF (EEM) has slumped 11% this year. It’s trading near a 14-month low. China’s Shanghai Composite has tumbled 18%. The Turkish lira has crashed by nearly half against the US dollar. And last week Argentina jacked up its interest rate to 60%. Industrial metals are also showing weakness. Copper, a closely-watched barometer of economic strength, has lost one-fifth