Financial Review

….Dow, S&P, Russell hit record highs. Exuberance over tax cuts. Tax plan would rip a hole in the budget, but looks poised to pass. Consumer spending slowed in October. Tillerson is here today, but tomorrow? CVS-Aetna. Look at the moon. Financial Review by Sinclair Noe for 11-30-2017 DOW + 331 = 24,272 SPX + 21 = 2647 NAS + 49 = 6873 RUT + 1 = 1544 10 Y + .04 = 2.42% OIL + .08 = 57.38 GOLD – 8.80 = 1275.60 Record highs for the Dow, the S&P, and the Russell. The Nasdaq recovered nicely from a nearly 1.5% decline yesterday, but not enough for a record.   Well, it’s pretty easy to see that the promise of a tax cut has been a big boost to Wall Street. Some estimates claim a corporate tax cut could boost S&P 500 earnings by 6%. The Senate convened at 10:30 a.m. this morning to continue discussing the bill after it passed a procedural vote on Wednesday. Republicans are using special procedures that shield the measure from a Democratic filibuster. Debate on the legislation is limited to 20 hours. When the debate ends