Financial Review

…Wall Street rallies. New home sales slide. Waiting on Powell’s Fed testimony. Buffett’s pearls of wisdom. Fitbit not fit. GE has fallen. Financial Review by Sinclair Noe for 02-26-2018 DOW + 399 = 25,709 SPX + 32 = 2779 NAS + 84 = 7421 RUT + 10 = 1559 10 Y – .01 = 2.86 OIL + .46 = 64.01 GOLD + 4.60 = 1333.80   Today was just a solid start to the week. Most major indices were in positive territory from the opening bell and then added to gains. The yield on the 10-year Treasury note drifted lower.   The Commerce Department reported that new home sales slowed to a seasonally adjusted annual rate of 593,000 in January. January’s selling pace was 7.8% lower than in December, although that month was revised upward. It was 1% lower than January 2017, as well. At the current sales pace, it would take 6.1 months to exhaust available supply, a sign of a well-stocked market. The median sales price in January was $323,000, about 2.4% higher than in January 2017, but almost precisely matching the full-year average in 201