Financial Review

…Stock drop then flatten out. Fed tightening makes dollar king for now. China trade talks, meh. Trump, Cohen, Guiliani and a changing story. Elon Musk’s earnings call. AZ teacher strike ends. Financial Review by Sinclair Noe for 05-03-2018 DOW + 5 = 23,930 SPX – 5 = 2629 NAS – 12 = 7088 RUT – 8 = 1546 10 Y – .02 = 2.95% OIL + .57 = 68.50 GOLD + 7.00 = 1312.60   Stocks started the session with a sharp drop. There was a preponderance of negative news: the trade delegation with China entered negotiations without much optimism, Rudy Giuliani confirmed that Trump had made payments to a porn actress through his attorney Michael Cohen, Cohen’s phone was tapped by the FBI, several companies reported not so good earnings results, and Tesla’s conference call was different, in a weird sort of way.  Earlier, when the Dow was off almost 400 points it broke below its 200-day moving average, for the first time since early April, while also notching a six-week low. That seemed to be the trigger for computerized trading to bu