….Dow record but off intraday highs. Broader market slides. Tax plan moves to reconciliation. Shutdown pushed back. CVS Aetna deal biggest of the year. Financial Review by Sinclair Noe for 12-04-2017   DOW + 58 = 24,290 SPX – 2 = 2639 NAS – 72 = 6775 RUT – 11 = 1532 10 Y + .02 = 2.38% OIL – .91 = 57.45 GOLD – 4.00 = 1276.70   This morning, the markets surged – largely, a happy-time vibe from the tax cut plan – but as the day wore on, the euphoria faded. The Nasdaq turned south after about one hour of trading. The entire tech sector came under serious pressure. Microsoft dropped 4%, its biggest single-day decline since June 2016.  Facebook lost 3.6%. Amazon down almost 2.5%. Alphabet down 1%. Apple slipped about 0.7%. The S&P 500 managed to hang on until the final minutes of trading before the numbers turned red. The Dow Industrials managed to hold on to a positive session and a record high close, but that close was 245 points down from the intraday high. Treasuries continued to slip. Even though yields rose today, they remain relatively subdued, with 10-year Treasury yields struggling to push much above 2.40 percent. If the economic outlook is so strong, then how does one explain long-term bond yields? Bond traders are naturally more cautious, and appear to be taking their cue from forecasts that fiscal stimulus, including Republican-backed tax cuts, will deliver only a modest boost to the economy ...