Financial Review

…Stocks drop. Fed heads unconcerned. PR still dark. Goldman – tax cuts going to buybacks. Jobless claims down. Follow the gun money. Financial Review by Sinclair Noe for 02-22-2018 DOW + 164 = 24,962 SPX + 2 = 2703 NAS – 8 = 7210 RUT – 0.38 = 1531 10 Y – .03 = 2.92% OIL + .94 = 62.62 GOLD + 7.40 = 1332.40   Once again, we saw an early rally on Wall Street with some weakness into the close. Still, a solid gain for the Dow and the S&P 500 today, enough to snap a multiday skid. Both the Dow and the S&P are coming off two days of losses, and the Nasdaq has been down for 4 sessions.   Even though investors want to see an improving economy, they are demonstrating a heightened sensitivity to the prospect of accelerated inflation, rising interest rates, and higher bond yields. St. Louis Fed President James Bullard tried to tamp down the growing expectations of economists that the U.S. central bank will engineer four quarter-point rate increases this year, saying “The idea that we have to go 100 basis points in 2018,