Financial Review

…Stocks slide into the end of earnings season. Turkey melts down. 2008 – lasting damage. Student loan defaults grow. Tesla not quite secure. Wells Fargo, again. Def Con’s Vegas weekend. Financial Review by Sinclair Noe for 08-13-2018 DOW – 125 = 25,187 SPX – 11 = 2821 NAS – 19 = 7819 RUT – 11 = 1675 10 Y + .02 = 2.88% OIL + .18 = 67.38 GOLD – 18.10 = 1194.10 The Dow and the S&P 500 index are now down for 4 consecutive trading sessions. Markets have almost worked through earnings reporting season, and prices made a good run at the previous highs from February but were unable to break out. The question is whether prices will make another run at the old highs. The S&P seems to have strong support right around 2800 – or 2803 to be more precise.   Blockbuster earnings growth has offset rising concern on Wall Street about Trump’s trade wars and crises in emerging markets, such as Turkey. Fat profits at S&P 500 companies are on track to spike by nearly 25% during the second quarter. That would tie the first quarter