Financial Review

…FOMC leaves rates unchanged. Crazy dog threatens 25% tariffs of $200 B of Chinese goods. Populism for billionaires. Apple to a trillion. Tesla produces. Wells Fargo caught again. Financial Review by Sinclair Noe for 08-01-2018 DOW – 81 = 25,333 SPX – 2 = 2813 NAS + 35 = 7707 RUT – 1 = 1669 10 Y + .04 = 3.00 OIL + .17 = 67.83 GOLD – 7.90 = 1216.50   The Federal Reserve’s Federal Open Market Committee wrapped up a 2-day policy meeting and published a statement that they had voted unanimously to keep the target range for its benchmark rate at 1.75 percent to 2 percent. No surprise. However, the committee is widely expected to approve an increase at the September meeting and minor changes to language in the statement seem to point to another rate hike in December. Traders in the fed funds futures market are indicating a 91.4 percent chance of a September increase and a 68.2 percent probability for another move in December, according to the CME’s tracker. They would come on top of previous hikes in March and June