Financial Review

…Turkey v. US. Turkey stumbles, raising contagion concerns. CPI inflation picks up, wages stagnate. US deficit balloons. Puerto Rico death toll much higher than reported. California wildfires worst ever. Catch a falling star. Financial Review by Sinclair Noe for 08-10-2018 DOW – 196 = 25,313 SPX – 20 = 2833 NAS – 52 = 7839 RUT – 4 = 1686 10 Y – .08 = 2.85% OIL + .96 = 67.77 GOLD – .70 = 1212.40   Equity markets were slapped hard today, and it was even worse for emerging markets. The Dow Industrials wiped out gains for August. The Nasdaq Comp snapped an 8-day winning streak. Investors dumped stocks in favor of safe-haven Treasuries, pushing bond yields much lower and pushing the dollar higher.   The United States and Turkey, both NATO members, are at odds on a range of issues – how to fight the Islamic State group, Ankara’s plans to buy Russian missile defense systems and how to punish the alleged plotters of a failed coup in Turkey in 2016. Most recently, Trump issued sanctions on top Turkish officials over t