Financial Review

…Gary Cohn resigns, markets pout. Mexico and Canada might get tariff carve-outs. Beige Book shows growth and (gulp) inflation. BOJ hold pat, sorta. Consumer borrowing slows. Trade deficit jumps. Crypto exchange must register. Financial Review by Sinclair Noe for 03-07-2018   DOW – 82 = 24,801 SPX – 1 = 2726 NAS + 24 = 7396 RUT + 12 = 1574 10 Y + .01 = 2.88% OIL – 1.25 = 61.35 GOLD – 9.30 = 1325.90   Late yesterday, Gary Cohn resigned as the White House Chief Economic Advisor. Stocks cratered this morning – and it was a global downturn. The Dow Industrials dropped more than 300 points earlier but pared losses. Seems like a bit of an over-reaction. Sometimes markets disconnect from fundamentals, or just throw a bit of a temper tantrum, but this goes to bigger problems. There seems to be a shrinking pool of mainstream economists in the administration. And there has been unusually high turnover of all sorts of jobs in the White House. And there is a threat of possible trade wars. Cohn, a former president of Goldm