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  • 2 years ago
Very, Very Quiet

Very, Very Quiet

S&P and Nasdaq hit intra-day highs but the markets are still too quiet. Eurozone and UK show strength. Online retail clicks. Home builders finally figure out what to build and it is selling. Uber’s world domination. Fast and electric. GE dredges up old dirt.
Financial Review by Sinclair Noe for 08-23-2016
DOW + 17 = 18,547
SPX + 4 = 2186
NAS + 15 = 5260
10 Y + .0 = 1.55%
OIL + .69 = 48.10
GOLD – 1.70 = 1337.90
The S&P 500 index hit an intra-day record high of 2193. The Nasdaq Composite hit an intra-day record high of 5275; those indices could not hold on for record closes. Approximately 96% of the companies in the S&P 500 have already reported second quarter results, approximately 79% of them beat earnings expectations and 56% exceeded revenue estimates. Still, earnings declined about 3.7% for the second quarter; that marks the fifth consecutive quarter of declining earnings.  Analysts are now anticipating third quarter earnings will decline .9%. If you believe the profit f