….Stocks slip. Risks are high. Jay Powell confirmed. ISM slips. Trade deficit jumps. Deutsche Bank subpoenaed, maybe. Public hates the tax plan. Russia banned from Olympics. More fire in Cal. Financial Review by Sinclair Noe for 12-05-2017   DOW – 109 = 24,180 SPX – 9 = 2629 NAS – 13 = 6762 RUT – 20 = 1516 10 Y – .02 = 2.36% OIL – .88 = 57.48 GOLD – 9.70 = 1266.90   The Dow slipped after posting its 64th record high close yesterday. Not a surprise given the weak finish in the markets yesterday. Today was another example of stocks closing near the lows for the day. And for the broader market, the S&P and Nasdaq have now posted three consecutive losing sessions – we haven’t seen that since August. A Tuesday pause aside, it’s been a rough week or so for technology shares, which have been the victim of a violent rotation that’s seen investors flee what’s been by far the hottest sector of 2017 for companies expected to get a bigger boost from tax legislation working its way through Congress. Meanwhile, telecom shares, which have been the worst-performing sector of the year, were world beaters last week. And financials, which were also laggards, have also enjoyed a shot in the arm. In case you were wondering – yes, it is very rare for the tech sector to fall at least 2% while the S&P or Dow posts gains.   Risks “are high and rising” from ...