Financial Review

…Stocks down on the week, except small caps. Economy rolling into May. China give and take. Farm bill flops. NAFTA deadline passes. Another school shooting. Financial Review by Sinclair Noe for 05-18-2018 DOW + 1 = 24,715 SPX – 7 = 2712 NAS – 28 = 7354 RUT + 1 = 1626 10 Y – .04 = 3.07% OIL – .15 = 71.34 GOLD + 1.90 = 1293.10   The Dow, and S&P 500 lost 0.5% for the week, and Nasdaq dropped 0.7% for the week. The small cap Russell 2000 index knocked out 3 consecutive record highs to finish the week up 1.3%. Bonds tried to rally today but for the week, the yield on the 10-year Treasury note added 10 basis points. And oil prices topped $70 a barrel last week and continued marching higher this week, for the third straight week of price increases. You’ve probably seen the signs with $3 a gallon prices for regular gas, and we’re not even into the summer driving season yet. Meanwhile, Brent crude pushed near $80 a barrel. Gold moved higher today but is down four of the last five weeks.   Interest rates are rising, g