Financial Review

…Talk of trade talks. Copper – the canary in the coal mine. Consumer sentiment slips. Short-termitis in earnings reports. Corporate governance. Financial Review by Sinclair Noe for 08-17-2018 DOW + 110 = 25,669 SPX + 9 = 2850 NAS + 9 = 7816 RUT + 7 = 1692 10 Y un = 2.87% OIL + .46 = 65.92 GOLD + 10.90 = 1185.60   For the week, the Dow industrials gained about 1.3%. The S&P 500 is up 0.6 percent this week, but the Nasdaq showed a loss. Investors pulled money from both stock and bond funds in the past week, and shifted money within U.S. equities to health care and out of tech and financials. According to Bank of America Merrill Lynch, investors pulled $3.6 billion out of equity mutual funds and ETFs, with $2.6 billion out of U.S. stocks. But as investors took a defensive posture on stocks, they also dumped government debt, with net outflows of $1.5 billion from Treasuries and government bonds, the biggest since December 2016. Overall, bonds lost a total of $2.3 billion. BofA notes that the top five performing s