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  • 8 months ago
The Great Unwind

The Great Unwind

…..Dow record high close. Maria hits Puerto Rico. Earthquake in Mexico. The stock market is calm, too calm. The Fed holds rates steady for now but begins the Great Unwind. The mystery? Will it work? Financial Review by Sinclair Noe for 09-20-2017   DOW + 41 = 22,412 SPX + 1 = 2508 NAS – 5 = 6456 RUT + 5 = 1445 10 Y + .03 = 2.28% OIL + .81 = 50.29 GOLD – 10.20 = 1301.50   Dow and S&P hit record highs, again.   We start today with a couple of natural disasters. This morning Hurricane Maria hit Puerto Rico as a Category 4, but with wind gusts up to 190 MPH. There is serious damage, still being sorted out. Communications are down, power to the island is gone – the entire electric grid shredded – a total blackout. Buildings damaged and widespread flooding. People seeking help were told by authorities that they would have to sit tight until conditions improved. So far, there have been no reports of deaths in Puerto Rico, though there have been several reports in other parts of the Caribb