Financial Review

Vintage

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Synopsis

…Stocks move to record highs. Trade fears calmed. 2Q GDP revised higher to 4.2%. Lettuce mystery explained. AZ election results. McCain’s final honors. Financial Review by Sinclair Noe for 08-29-2018 DOW + 60 = 26,124 SPX + 16 = 2914 NAS + 79 = 8109 RUT + 6 = 1734 10 y un 2.88% OIL + 1.17 = 69.70 GOLD + 5.80 = 1207.30   Wall Street extended its rally, with the S&P 500 and the Nasdaq Composite, hitting record highs for the fourth straight session. The Russell 2000 also hit a record high today. The Dow Industrial Average moved higher but is still about 500 points shy of the record close 26,616 set back on January 26. When the Dow hits a record high close, we celebrate with milk and cookies. When the S&P and Nasdaq hit record highs, you can celebrate however you want. Statistically, September is the worst month of the year for stocks. In years when there are midterm elections, the returns have been erratic, and the S&P has averaged a 1 percent decline in September, going back to 1946. But it’s often just tempora