Financial Review

…Stocks slip again. Shutdown? Tariffs? Earnings? Fed? Real estate demand outstrips supply. Earnings season: CAT will raise prices because of tariffs but has plenty for buyback. Yemen turns into an oil problem for Saudis. Financial Review by Sinclair Noe for 07-30-2018 DOW – 144 = 25,306 SPX – 16 = 2802 NAS – 107 = 7630 RUT – 10 = 1653 10 Y + .01 = 2.97% OIL + 1.41 = 70.10 GOLD – 2.20 = 1222.00   The selloff seems to be gathering momentum. The Nasdaq Composite is down for 3 straight sessions; down 1% or more in each of those sessions. The Nasdaq has also seen a sharp uptick in the number of stocks striking 52-week lows. Today, 102 Nasdaq-listed stocks fell to their lowest price in a year or more, and only 30 stocks hit new highs. There’s an enormous amount of money in tech stocks and some of that money is rotating out or moving to the sidelines.  The S&P 500 index is sitting at the 2800 level, which had been an important level of resistance – now let’s see if it can provide support. Equities have done well of