Financial Review

…Banks kick off earnings season with beats, but fail to reflect a strong economy. TPP on the table again. Scooter Libby pardon. No pot crackdown. Amazon v. White House continued. Arizona to hike teacher pay. Financial Review by Sinclair Noe for 04-13-2018 DOW – 122 = 24,360 SPX – 7 = 2656 NAS – 33 = 7106 RUT – 7 = 1549 10Y – .01 = 2.83% OIL + .23 = 67.30 GOLD + 11.10 = 1346.40   Despite today’s decline, the major averages posted strong gains for the week. The Dow and S&P 500 rose 1.8 percent and 2 percent this week, respectively, while the Nasdaq advanced 2.8 percent.   JPMorgan Chase kicked off earnings season for the big banks, reporting earnings per share of $2.37 versus analysts’ estimates of $2.27 per share. The bank reported net revenue of $28.5 billion, compared to $25.8 billion the bank posted in the same period a year ago.   Citigroup reported a higher-than-expected quarterly profit, driven by strength in its consumer banking business and a surge in equities trading. Citi’s net income rose 13 percent