…..ADP jobs up big. ISM services down but growing. FOMC Minutes point to unwinding balance sheet and overvalued markets. Tax reform uncertainty. Xi-Trump-North Korea-Syria. JAB buys Panera and rules a coffee empire. Mortgages bigger than ever. AZ forfeiture law. Financial Review by Sinclair Noe for 04-05-2017 DOW – 41 = 20,648 SPX – 7 = 2352 NAS – 34 = 5864 RUT – 16 = 1352 10 Y + .01 = 2.36% OIL – .21 = 50.82 GOLD – .30 = 1256.40 Stocks started the session strong. The Dow was up triple digits early on the strength of the ADP jobs report, but sellers stepped in following the release of the minutes from the last Federal Reserve policy meeting. The Nasdaq composite slipped 0.6 percent after hitting a new all-time high earlier in the session. The Dow and S&P also posted their biggest one-day reversal since February 2016.   The first two months of 2017 saw strong job gains – 238,000 new jobs in January, followed by 235,000 new jobs in February; part of a 7-year string of steady job growth that has seen the unemployment rate drop to 4.7%. The feeling is that the economy will not continue with the gains we saw in January and February. Most analysts say the March jobs report, due on Friday, will only show about 175,000 new jobs – good, not great.  We might need to adjust those estimates. Private payroll processor ADP reports their survey shows 263,000 new private sector jobs were ...