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  • 5 months ago
When It Rains It Pours

When It Rains It Pours

….Dow, S&P and Nasdaq hit records. Waiting on the Fed. Trump’s first UN speech. Obamacare on the block again. Tax reform would add $1.5 trillion to deficit. Did Wells Fargo beat the rap? Equifax sinks lower. Hurricane Maria to PR. Housing starts slip. And more Financial Review by Sinclair Noe for 09-19-2017   DOW + 39 = 22,370 SPX + 2 = 2506 NAS + 6 = 6461 RUT – 0.68 = 1440 10 Y + .01 = 2.24% OIL – .06 = 49.85 GOLD + 3.60 = 1311.70 The fun never stops. The Dow hit another record high close. The S&P 500 hit another record high close. The Nasdaq Composite hit a record high close. For the Dow Industrial average, this is the sixth record high. The S&P has a streak of 3 record highs.   The Fed will wrap up its two-day meeting tomorrow and release an announcement on monetary policy at 2:00 p.m. Eastern – 11:00 a.m. in Arizona. Although we don’t see any surprise rate increase this month, the betting at the Chicago Merc is for a 57% likelihood of a rate increase at the December mee