Financial Review

A New Record for Record Highs

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Synopsis

….Dow and S&P hit record highs, again. Copper 4-year high. Oil up. North Korea caught red handed. South Korea clamps down on bitcoin. A shift in the Senate. A very bad weather year. Looking for loopholes in the tax plan…. Financial Review by Sinclair Noe for 12-28-2017 DOW + 63 = 24,837 SPX + 4 = 2687 NAS + 10 = 6950 RUT + 4 = 1548 10 Y + .02 = 2.43% OIL + .25 = 29.89 GOLD + 7.90 = 1295.70   Stocks closed higher; not a big move, but enough for another record high. The Dow Industrial Average posted its 71st record closing high of the year. That extends the Dow’s record-setting streak; prior to 2017, the most closing records it had ever posted in a year was 69. Also, another record high for the S&P 500.   Global stocks edged higher. Copper posted another gain, pushing prices to 4-year highs. Stronger demand for copper portends a strong year for the global economy in 2018. The metal, used in construction and machinery, and is seen as a proxy for global growth. Freeport-McMoRan shares gained 2.5%.   Oil prices hi