Financial Review

…Wall Street tumbles for the week, faces key levels of support. Trade war worries. Budget bill signed. New home sales drop. Dropbox IPO jumps. Facebook Sued. Bank of America fined. Financial Review by Sinclair Noe for 03-23-2018 DOW – 424 = 23,533 SPX – 55 = 2588 NAS – 174 = 6992 RUT – 33 = 1510 10 Y un = 2.81% OIL + 1.44 = 65.74 GOLD + 18.20 = 1347.80 This was an ugly week on Wall Street. All the gains of 2018 have now evaporated. The Dow is now down almost 1,200 points year-to-date, or right at 4%. The S&P 500 is down 2.75% year-to-date; it is within 3 points of the 200-day moving average; and is now sitting at almost the same level as the low of Feb. 8 – we may find support at this level, but any breach could lead to a big drop – so, it will be very important to see if this level holds on Monday. The Dow was down 11.6 percent since its Jan. 26 high, and hit its lowest close since confirming a correction in February. And just to be clear, the market has been in correction territory since early February, to