Financial Review

Choke

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Synopsis

…Stocks rally then choke. Justice Kennedy will retire. SCOTUS rules against fair share for unions. Apple and Samsung settle. Disney cleared for Fox. Conagra-Pinnacle seek to control your freezer. Financial Review by Sinclair Noe for 06-27-2018 DOW – 165 = 24,117 SPX – 23 = 2699 NAS – 116 = 7445 RUT – 28 = 2640 10 Y – .05 = 2.83% OIL + 1.77 = 72.30 GOLD – 7.00 = 1252.60   This was a very discouraging trading session. The Dow Industrials started with a rally, up about 285 points in the first hour of trade this morning. And then it rolled over. That’s a 450-point swing from high to close. That retreat represents the largest turnaround lower for the Dow since Feb. 21, when the gauge rose 303.24 points to end down 166.97 points. The 200-day moving average is at 24,303. The Dow broke this critical level of support on Monday, managed a minor rally yesterday, followed by a confirming selloff today. The Dow has been sliding for the better part of the past 2 weeks; down about 1,300 from the high on June 11.   The S&P 5