Financial Review

The Pause Before the Shutdown

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Synopsis

….Stocks slip. Shutdown looms. Amazon HQ2 – and then there were 20. Jobless claims fall. Morgan Stanley beats. AmEx loss. IBM has revenue. Why all the tax charges? Construction slips. Remodeling booms. Financial Review by Sinclair Noe for 01-18-2018   DOW – 97 = 26,017 SPX – 4 = 2798 NAS – 2 = 7296 RUT – 9 = 1576 10 Y + .03 = 2.61% OIL – .19 = 63.78 GOLD – .20 = 1327.40   Wall Street paused to catch a breath. Yields on the 10-year Treasury hit a 10-month high.   The threat of a government shutdown is looming this week even as lawmakers prepare to vote on a stopgap bill to keep operations going for roughly another month. Funding is due to expire early Saturday morning. House lawmakers plan to vote later this evening on a bill keeping the government open through Feb. 16. Although at this moment it looks like conservatives in the House Freedom Caucus are withholding their support from the House GOP bill.  That continuing resolution doesn’t address the Deferred Action for Childhood Arrivals program, something tha