Financial Review

…Trump confirms hush money payoff. Wall Street looks away. Fed minutes point to September rate hike. More tariffs against China tomorrow. Existing home sales stall. Target earnings on target. Lowes earnings good but not strong. Facebook plays whack-a-mole. Financial Review by Sinclair Noe for 08-22-2018 DOW – 88 = 25,733 SPX – 1 = 2861 NAS + 29 = 7889 RUT + 4 = 1722 10 Y – .02 = 2.82% OIL + .21 = 68.07 GOLD – .20 = 1196.30   So yesterday was an eventful news day. Trump suffered one of the worst days of his presidency as Michael Cohen, his former personal attorney, pleaded guilty to a number of charges and said he had acted at Trump’s direction to make hush payments to two women in violation of campaign finance laws. The same day a federal jury convicted former Trump campaign manager Paul Manafort on tax and bank fraud charges. But the legal turmoil caused barely a ripple on Wall Street. Stocks teetered between small gains and losses. Wall Street can’t seem to figure out the severity of the legal problems, and