Financial Review

….Stocks fall as Powell is personally bullish. Consumer confidence up. Durable goods down. Case-Shiller home sales up. Infrastructure? Nahh. Comcast wants Sky. Financial Review by Sinclair Noe for 02-27-2018   DOW – 299 = 25,410 SPX – 35 = 2744 NAS – 91 = 7330 RUT – 22 = 1536 10 Y + .05 = 2.91% OIL – 1.07 = 62.84 GOLD – 15.20 = 1318.70 Jerome Powell deliver his first congressional testimony today as chair of the Federal Reserve. Yesterday we suggested that if Powell was really boring, it would be a big success. Turns out Powell had some interesting ideas on the economy and he is much more optimistic than most investors had imagined. Fed projections released in December pointed to policymakers’ forecasts of about three rate hikes for this year, after three rises in 2016 brought the official policy rate to a range of 1.25% to 1.5%. But Powell appears to have become substantially more upbeat about the nation’s economic prospects since December, following the new tax law and signs of strong overseas growth. Powel