Financial Review

Keep Calm, Carry On

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Synopsis

….Dow breaks 26k and fades. Gov shutdown? Inflation in your future? Earnings news: BP, Citi, UnitedHealth. Wells Fargo redline. States sue for net neutrality. Bitcoin breakdown. Detroit Auto. Alibaba AI can read better than you. Financial Review by Sinclair Noe for 01-16-2018   DOW – 10 = 25,792 SPX – 9 = 2776 NAS – 37 = 7223 RUT – 19 = 1572 10 Y – .01 = 2.54% OIL – .56 = 63.74 GOLD – 1.60 = 1339.00 The Dow first closed above 25,000 on January 4. Today, 7 trading days later, the Dow Industrial Average broke through 26,000 this morning, then faded, then it turned negative.  And next thing you know, the Dow lost more than 380 points from the intraday high to the intraday low; a 294 point swing from intraday high to close. If you look at year-to-date performance, you have the broad popular indices up roughly 3 to almost 5 percent in two weeks’ trading. That’s fairly aggressive, and so today there was a pause – a fairly volatile pause. We are still very early in the earnings reporting season, but so far, more tha