Financial Review

…Steel and aluminum tariffs. Fed might gradually hike 4 times. Manufacturing jumps. Construction spending flat. Wells Fargo – they just can’t stop. Financial Review by Sinclair Noe for 03-01-2018 DOW – 420 = 24,608 SPX – 36 = 2677 NAS – 92 = 7180 RUT – 5 = 1507 10 Y – .06 = 2.80% OIL – .33 = 61.31 GOLD – .80 = 1318.00   February might have been the cruelest month, but March is off to a nasty start.   Trump said the US will slap tariffs of 25 percent on steel and 10 percent on aluminum and expects to sign a formal order next week. He has said tariffs are needed to ensure fair trade for the US, with the Commerce Department arguing they’re necessary to protect the nation’s security. The S&P 500 Index slumped to session lows, US stocks for companies that consume the metals like Ford Motor and General Motors fell, while shares of US steel and aluminum producers jumped. Treasuries climbed as investors reacted to the news, even though tariffs might be considered inflationary. Canada, the biggest foreign supplier of