Financial Review

….Stock indices hit records. Dow 26k. Beige Book hints at inflation. Goldman trading slips. BofA better than expected. A mysterious “single client”. Apple brings cash home. Bitcoin breaks $10,000. Financial Review by Sinclair Noe for 01-17-2018   DOW + 322 = 26,115 SPX + 26 = 2802 NAS + 74 = 7298 RUT + 13 = 1586 10 Y + .03 = 2.58% OIL + .33 = 64.06 GOLD – 11.40 = 1327.60 The Dow Industrials closed above 25,000 on January 4th. It took 7 trading sessions to cross the 26,000 milestone, and 8 trading sessions to close above – the fastest-ever traverse of 1,000 points on the Dow. Boeing shares were up 3.5%, or around $12, and contributed about 80 points to that burst higher. A $1 move in any one of the price-weighted Dow’s 30 components equates to a 6.8-point swing. We still have 2 days until a possible government shutdown and Wall Street seems completely unconcerned.   The Federal Reserve published its Beige Book today; this is an observational report from the various Fed districts, published 2 weeks before a FOM