Financial Review

….Stocks drop after FOMC minutes. 10-year note closes in on 3%. Home sales drop – no inventory. Small biz optimistic. No change in take home pay. ECB tomorrow. Apple hunting cobalt. Financial Review by Sinclair Noe for 02-21-2018 DOW – 166 = 24,797 SPX – 14 = 2701 NAS – 16 = 7218 RUT + 1 = 1531 10 Y + .05 = 2.94% OIL – .47 = 61.32 GOLD – 4.70 = 1325.00   Yesterday was a down day on Wall Street. This morning, stocks bounced back – the Dow climbed over 300 points, and then the Fed minutes were released. Poof. Gains evaporated but the major indices were clinging to positive territory, until the final 20 minutes of the session, when everything turned negative, fast. What terrible news was in the Fed minutes? Um, nothing. The minutes of the January 31st FOMC policy meeting simply confirmed previously stated Fed policy. The Fed is confident that the economy is gaining momentum, as a number of participants said they had marked up their growth forecasts since the previous month, encouraged by firm global growth and s