Financial Review

….Record highs on Wall Street. CPI up. Hints of inflation. Fed on course. Retail was strong. JPM and WFC report strong earnings. NYC sues big oil. Facebook changes algorithms. Another new low for Trump. Financial Review by Sinclair Noe for 01-12-2018   DOW + 228 = 25,803 SPX + 18 = 2786 NAS + 49 = 7261 RUT + 5 = 1591 10 Y + 2 = 2.55% OIL + .60 = 64.40 GOLD + 16.40 = 1339.30   Record highs for the Dow, S&P, Nasdaq and Russell 2000. Go figure. Markets will be closed on Monday in observance of Martin Luther King, Jr. Day.   The consumer price index rose 0.1% in December. If gas and food are stripped out, the so-called core rate of inflation rose a much sharper 0.3%, the highest reading in almost a year. The 12-month rate of inflation as measured by the CPI slipped to 2.1% from 2.2%. The more closely followed core rate edged up 1.8% from 1.7%, but it’s been stuck in that range for eight months in a row. The increase in the cost of living last month was tied largely to increasing rents and home prices. Also contri