Financial Review

…Dow has best day in months. China will talk about trade. Turkey continues meltdown. EM struggles. Walmart rules. Nordstrom racks a beat. JC Penney hardly worth a penny. Financial Review by Sinclair Noe for 08-16-2018 DOW + 396 = 25,558 SPX + 22 = 2840 NAS + 32 = 7806 RUT + 15 = 1685 10 Y + .02 = 2.87% OIL + .01 = 65.47 GOLD – 1.00 = 1174.70   The best day for the Dow Industrial average since April 10. The S&P and Nasdaq had nice gains, but nothing unusual. The Nasdaq was unable to recover its losses from yesterday. The big winners in the Dow were Boeing, Caterpillar, Apple, and Walmart – in that order. So the gains were more about tariffs than Walmart’s earnings.   A Chinese trade delegation will visit the US this month to kick off a new round of talks, the first since negotiations broke down two months ago. Washington has imposed tariffs on $50 billion worth of Chinese goods, prompting Beijing to retaliate. Trump’s administration is threatening further tariffs on $200 billion of Chinese goods, in a bid to p