…..Markets on cruise control along the cliff’s edge. Tax bill tries to cut individual mandate. PayGo may be a NoGo. Billionaires for higher taxes. IEA says oil will flow. Home Depot’s hurricane quarter. Financial Review by Sinclair Noe for 11-14-2017 DOW – 30 = 23,409 SPX – 5 = 2578 NAS – 19 = 6737 RUT – 3 = 1471 10 Y – .02 = 2.38% OIL – 1.42 = 55.34 GOLD + 1.90 = 1280.80 With the quarterly earnings season winding down, the market has taken a breather after its rally to record highs last week. General Electric dropped more than 5% today, marking its worst 2-day decline in 8 years, and acting as a drag on the Dow Industrials. In the past 2 days, GE is down 13%, and has given up all the gains from the past 6 years. Oil prices fell more than 2.5% and dragged oil stocks lower. Metal prices pulled back after a weaker-than-expected economic data from China sparked concerns about demand. Copper miner Freeport-McMoRan slipped 5.5%, and was the biggest loser on the materials index. Still, it’s not like stocks are going over the cliff. Nobody is calling this the start of a correction. Investors are nervous that the divide in Washington is too wide for tax cuts to happen this year. Plus, some unexpected softness in China has led to questions about the global synchronized economic recovery thesis. And now that earnings season is over, it’s not clear what the ...