Financial Review

To the Dogs

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Synopsis

…Stocks muddle into earnings. IMF goes risk off. Powell to speak. Retail sales bounce. Netflix disappoints. BofA goes mobile. Amazon crashes, with dogs. Trump-Putin summit also a pretty spectacular crash. Financial Review by Sinclair Noe for 07-18-2018 DOW + 44 = 25,064 SPX – 2 = 2798 NAS – 20 = 7805 RUT – 8 = 1678 10 Y + .03 = 2.86 OIL – 3.06 = 67.95 GOLD – 80 = 1241.20   For most of the session the Dow Industrials barely managed to stay in positive territory, while the S&P 500 and the Nasdaq couldn’t quite claw their way out of negative territory.   Of the 30 S&P companies that have reported earnings through Friday, 86.7 percent have topped earnings expectations, above the 75-percent average of the past four quarters. That sounds like a strong start to earnings season, yet stocks were flopping around like a fish out of water. You might wonder if earnings are enough to lift stocks out of their trading range. The market appears to increasingly focus on the sustainability of growth; and with future comparisons