…..New record highs. Dow tops 21k. Short squeeze? Trump spake. Fed Beige Book is modest to moderate. PCE closes in on 2%. ISM manufacturing jumps. YouTube TV will destroy cable – resistance is futile. Fidelity goes low. Best Buy bested. Wells Fargo soft pedaled bogus accounts. JPMorgan can’t lose. Financial Review by Sinclair Noe for 03-01-2017 DOW + 303 = 21,115 SPX + 32 = 2395 NAS + 78 = 5904 RUT + 26 = 1413 10 Y + .11 = 2.46% OIL – .34 = 53.67 GOLD + 1.20 = 1249.00   The Dow industrials hit 21,000 this morning, and just kept running. The Dow closed at 20,000 just about 35 trading days ago, marking a then-second-fastest push (42 days) to a 1,000-point milestone. So, for all those people who ponied up for a Dow 20K cap or T-shirt, it is now obsolete. There is no question that the market has been in rally mode, but the consensus was that the market was overvalued and would likely sell off following President Trumps speech last night. Trump delivered his first address before a joint session of Congress. Most of the policies were old favorites from the campaign. He still wants to repeal Obamacare. He still wants a border wall, although conspicuously absent was his call for Mexico to pay for it. He still wants to slash corporate tax rates. He still doesn’t think allies are shouldering enough of the cost of security alliances.  The speech was short on specifics but it was delivered ...