Financial Review

Tariffs

Informações:

Synopsis

…Tariffs signed – 25% steel, 10% aluminum – Canada & Mexico get a reprieve. TPP signed – minus US. Cigna buying Express Scripts. Tomorrow is 9-year anniversary of market bottom – tech has been the leader in the bull market. Financial Review by Sinclair Noe for 03-08-2018 DOW + 93 = 24,895 SPX + 12 = 2738 NAS + 31 = 7427 RUT – 2 = 1571 10 Y – .02 = 2.87% OIL – .82 = 60.33 GOLD – 3.10 = 1322.80   Trump has signed a proclamation ordering tariffs of 25% on imported steel and 10% on aluminum. Canada and Mexico will be excluded for now, as the U.S. discusses its national security relationships and the North American Free Trade Agreement with both countries. Tariffs could be modified for other countries, such as Australia, which Trump called a “long-term partner” at a cabinet meeting. The tariffs will go into effect 15 days. The tariffs are being implemented by proclamation, under a law that allows action to defend national security; both materials are considered critical to the U.S.’s defense industrial base. The t