….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, it will be time for a vote-a-rama, a marathon of amendment votes. Eventually, the Senate would vote to pass the tax bill. But before then, the contents of that bill are expected to change. Republicans have been discussing significant revisions to their bill as party leaders try to secure the votes they need for passage. The congressional ...