Financial Review

….Record highs for Dow, S&P 500, Nasdaq, Russell. Producer prices fall in Dec. DACA deal dead. Walmart breaks the bank to $11 an hour plus bonus, closes 63 Sam’s Clubs. South Korea cracks down on cryptocurrency. Financial Review by Sinclair Noe for 01-11-2018   DOW + 205 = 25,574 SPX + 19 = 2767 NAS + 58 = 7211 RUT + 26 = 1586 10 Y – .02 = 2.53% OIL + .01 = 63.58 GOLD + 5.60 = 1322.90   Dow, S&P, Nasdaq, Russell close at record highs.   The S&P 500 hasn’t retreated 3%, either in a single day or over several days, since early November 2016 – the longest streak of calm in market history. There are reasons for the good times on Wall Street. The US and global economies are doing great. Even Europe is on the upswing. Corporate profits have never been stronger – and the tax law should give earnings a boost. The Federal Reserve hasn’t abandoned its plan to raise interest rates just gradually. Investors have also brushed aside a rapid increase in bond yields. China’s foreign-exchange regulator dismissed reports sugge