Financial Review

…More on tariffs. Individual stocks resist tweet attacks. Amazon’s R&D. Dimon’s letter. Lula’s sentence. Financial Review by Sinclair Noe for 04-05-2018 DOW + 240 = 24,505 SPX + 18 = 2662 NAS + 34 = 7076 RUT + 11 = 1542 10 Y + .04 = 2.83% OIL + .36 = 63.73 GOLD – 6.60 = 1326.20   Yesterday’s bounce continued today. On Tuesday evening, the Trump administration announced 25% tariffs on more than 1,000 industrial technology, transport, and medical products amounting to about $50 billion in 2018 imports. China swiftly countered with proportional tariffs of up to 25% on more than 100 U.S. goods. The latest move followed a previous round of reciprocal tariffs worth about $3 billion. These might be considered the early skirmishes of a potential trade war, but it is a war the US should avoid because China has a couple of advantages. First, China is still an authoritarian government with a long-term economic outlook. President Xi Jinping no longer has term limits. He’s going to be there long after Trump is gone. Trump