…..S&P and Nasdaq close at records. Repeal and replace is dead. Repeal only is dead. What next? NAR shows more foreign real estate buyers. Home builder confidence slips. Would you pay for Made in USA? California extends cap and trade. Bank of America and Goldman Sachs post earnings. Financial Review by Sinclair Noe for 07-18-2017 DOW – 54 = 21,574 SPX + 1 = 2460 (record) NAS + 29 = 6344 (record) RUT – 3 = 1427 10 Y – .05 = 2.26% OIL + .30 = 46.32 GOLD + 8.30 = 1243.00   The S&P 500 and the Nasdaq closed at records. And while both indexes are more representative of the broader market and the broader economy than the 30 stocks in the Dow Industrials, we do not have an officially sanctioned celebration; only when the Dow hits a record. Last night, two Republican senators, Mike Lee of Utah and Jerry Moran of Kansas, issued statements declaring that they would not vote for the revamped BCRA health care bill. The two senators timed the release of their statements and made clear that modest tinkering around the edges of the legislation drafted by Senate majority leader Mitch McConnell would not be enough to meet their demands. They joined a pair of GOP colleagues in calling for a complete redrawing of the legislation that would take many months, short-circuiting McConnell’s wish to end the debate this month. So, the plan to repeal and replace Obamacare is dead, at least for the foreseeable ...