Financial Review

….Big earnings announcements from Apple, Alphabet, Amazon, Alibaba, and others. ISM manufacturing stays strong. Automakers January sales results. Productivity slips. Cape Town runs out of water. Financial Review by Sinclair Noe for 02-01-2018 DOW + 37 = 26,186 SPX – 1 = 2821 NAS – 25 = 7385 RUT + 4 = 1579 10 Y + .05 = 2.77% OIL + 1.33 = 66.06 GOLD + 3.30 = 1349.30   January was the best month for the Dow since March 2016, while the Nasdaq composite had its biggest one-month gain since October 2015. The S&P 500 gained 5.6%, its best January performance since 1997. There is an old saying on Wall Street – as January goes, so goes the year. This refers to the January Barometer. Since 1980, the January Barometer has correctly predicted the S&P 500’s year-end direction 68 percent of the time. Past performance is not a guarantee of future results.   Today, the major indices started in negative territory, then started to rally, only to fade into the close. After the closing bell we saw several major tech firms post e