Financial Review

….Bond prices fall. Fed may have 4 hikes in 2018. Existing home sales pick up in March. Job openings but no raises. Alphabet beats big. Financial Review by Sinclair Noe for 04-23-2018   DOW – 14 = 24,448 SPX + 0.15 = 2670 NAS – 17 = 7128 RUT – 2 = 1562 10 Y + .02 = 2.98% OIL + .53 = 68.93 GOLD – 11.00 = 1325.20   Bond prices fell, with the 10-year note yield hitting its highest in over four years – topping 2.98%. The reason for the selloff? Take your pick: the growing supply of government debt, accelerating inflation, higher oil and commodity prices, trade policy concerns. Also, the Fed is raising its short-term lending rate as the U.S. economy strengthens, after holding it near-zero in the wake of the financial crisis. The three rate hikes last year pushed up two- and five-year Treasury yields in particular, but they’ve also affected 10-year yields as central bankers expect more boosts this year. Higher yields make the burden of everything from mortgages to student loans and car payments even heavier – and t