…..The panic passes. Washington settles in for a long slog. Wall Street reassess risk. Brazil bribery probe. Walmart shows retailers still alive. Alibaba buy back. Happy B’day FB. Net neutrality dies.   Financial Review by Sinclair Noe for 05-18-2017 DOW + 56 = 20,663 SPX + 8 = 2365 NAS + 43 = 6055 RUT + 5 = 1361 10 Y + .02 = 2.23% OIL – .01 = 49.34 GOLD – 14.10 = 1247.80   Yesterday the stock market had a little panic attack. As is often the case, these things pass. This is why it is important to see confirmation of a major move. Today we did not see confirmation. Equities did not take kindly to news of Trump influencing or impeding an FBI investigation. The S&P 500 closed at the lows, down 1.8%, and the Nasdaq wiped out 18 days of gains in one session. So, yesterday was not insignificant, but looking back over the last half year, it is not enough, in and of itself to change the trend, which is still up. The news of the week is important, and it was a catalyst for the big sell-off yesterday, but while the term ‘impeachment’ may appear more frequently in the press today, the process is initiated by a vote in the House, where Republicans hold a 45-seat majority. A House impeachment of President Trump would look unlikely. But that doesn’t mean Trump’s problems have been resolved, just slow-tracked. Late yesterday, a special prosecutor was named ...