Financial Review

…Mueller subpoenas Trump Organization. Treasury sanctions Russian trolls. iHeart BK. Winn-Dixie BK. Congress wants to make life easier for bankers. Wells Fargo, again… Financial Review by Sinclair Noe for 03-15-2018   DOW + 115 = 24,873 SPX – 2 = 2747 NAS – 15 = 7481 RUT – 7 = 1576 10 Y + .01 = 2.83% OIL – .02 = 61.17 GOLD – 8.50 = 1316.70 It was just a strange day on Wall Street. The Dow Industrial Average snapped a 3-day losing streak but closing well off the session highs – the Dow had been up almost 300 points. McDonald’s gained 2.1% to lead the Dow stocks. Meanwhile, the S&P 500 and the Nasdaq dropped. The S&P 500 Index notched its longest losing streak of 2018 — four days. Two of four FANG stocks lost ground. Chip stocks moved lower. Pipeline stocks plunged after the Federal Energy Regulatory Commission ruled that master-limited partnerships can no longer recover a key income-tax allowance. New White House Economic Advisor-appointee Larry Kudlow signaled support for a strong dollar and took a tough line