Financial Review

…Halfway through 2018 – Down down, S&P modest gain, Nasdaq good. Nike hits record. Banks rally. Inflation hits Fed’s target. Kudlow wrong. Trade tensions heat up next week. Financial Review by Sinclair Noe for 06-29-2018 DOW + 55 = 24,271 SPX + 2 = 2718 NAS + 6 = 7510 RUT – 1 = 1643 10Y un = 2.85% OIL + .91 = 74.36 GOLD + 4.40 = 1253.40   Halftime. And a small rally to finish out the first half and the second quarter. Stocks started the session with solid gains, the Dow was up about 290 points in the morning, and managed to hang on to a modest gain. The Nasdaq dropped 2.4 percent for the week, its worst weekly performance in three months, while the Dow and S&P 500 fell at 1.3 percent each. The Russell 2000, meanwhile, dropped more than 2 percent. The S&P 500 is up 1.7 percent this year, while the Dow is down 1.8 percent, marking its worst first-half performance since 2010. Meanwhile, the Nasdaq and the small-caps Russell 2000 have outperformed with gains of 8.8 percent and 7.1 percent.   The Dow Jones Industr