Financial Review

…Fed minutes dovish. Stocks erase early losses. Trade disputes still muddled. Uber nixes autonomous cars in AZ. GE’s long arc of losses. Retail mixed. Financial Review by Sinclair Noe for 05-23-2018 DOW + 52 = 24,886 SPX  + 8 = 2733 NAS + 47 = 7425 RUT + 2 = 1627 10 Y – .06 = 3.00% OIL – .38 = 71.82 GOLD + 2.40 = 1294.00   Stocks ended with small gains after minutes from the Federal Reserve’s latest policy meeting suggested higher inflation may not result in faster interest rate hikes. Most Fed policymakers thought it likely another rate increase would be warranted “soon” if the U.S. economic outlook remains intact, and many participants saw little evidence of general overheating of the labor market. Inflation, even a bit above 2 percent, may not necessarily mean a faster rate of increases. The Fed has hiked borrowing costs once so far this year, in March, and policymakers are currently about evenly split between those who expect two more rate rises this year and those who anticipate three. Investors overwhel