Financial Review

….Stocks down to finish a bad month. 4Q GDP revised lower. Pending home sales drop in January. Earnings season still strong. Dick’s Sporting Goods ends AR-15 sales. Spotify’s IPO. Financial Review by Sinclair Noe for 02-28-2018   DOW – 380 = 25,029 SPX – 30 = 2713 NA – 57 = 7273 SRUT – 24 = 1512 10 Y – .04 = 2.87% OIL – 1.48 = 61.53 GOLD + .10 = 1318.80   Today, stocks started strong and then cratered into the close. Fed Chairman Jerome Powell once again raised speculation of a more aggressive Fed. He told Congress that he’s more optimistic about the economy, which led some investors to anticipate four rate increases for 2018, up from three last year.   February was not a good month for Wall Street. The Dow suffered its biggest-ever one-day point loss on Feb. 5 – down 1175 – with an intraday decline of 1597. The Dow plummeted more than 3,200 points, or 12%, in just two weeks. On a total-return basis, the S&P 500 dropped about 2.7% on the month. That monthly drop represents the benchmark index’s first such dec