Financial Review

Consistency

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Synopsis

…About face on Syria. About face on TPP. The Fed and inflation. Banks kick off earnings season. Delta, Blackrock deliver. Bed, Bath & Beyond Bad. Financial Review by Sinclair Noe for 04-12-2018   DOW + 293 = 24,438 SPX + 21 = 2663 NAS + 71 = 7140 RUT + 10 = 1557 10 Y + .04 = 2.83% OIL + .37 = 67.19 GOLD – 18.50 = 1335.30   Cry ‘Havoc,’ and let slip the dogs of war; or not. Yesterday, there was the threat of missiles flying in Syria, with the implication that we could see Russia and Iran drawn into a nasty confrontation. Trump tweeted what amounted to a threat, or maybe a warning, to Russia to get ready. Today, a complete reversal. Trump tweeted “Never said when an attack on Syria would take place. Could be very soon or not so soon at all!”   I’m not sure where that leaves us, but apparently no missiles flying today is a good thing for Wall Street. But Wall Street has many concerns – for example, a possible trade war with China. Trump, in another sharp reversal, told a gathering of farm state lawmakers and gov