Computer Says
…..Dow, S&P, and Russell hit record highs. Computers have taken over stocks. Wholesale inflation flat. Home prices pop. NFIB small biz optimism flat. CFO optimism wanes. Waiting on the Fed. Mr. Sessions in the briar patch. Russian cyberattack was bigger than thought. Financial Review by Sinclair Noe for 06-13-2017 DOW + 92 = 21,328 (record) SPX + 10 = 2440 (record) NAS + 44 = 6220 RUT + 6 = 1425 (record) 10 Y un = 2.21% OIL – .13 = 45.95 GOLD + .60 = 1267.10 The Dow Jones Industrial Average and the S&P 500 Index ended at all-time highs, while the Nasdaq 100 Index bounced back from its biggest two-day drop since September. European and emerging-market equities advanced. Sterling rose for the first time since the U.K. election. Ten-year Treasury yields held near 2.21 percent and the dollar slipped versus major peers before the Fed is projected to raise rates Wednesday. Tech stocks enjoyed a bit of a rebound but there are still concerns about valuations. A Bank of America Merril
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