Trump has Putin over a barrel.

Good jobs report. But Fed should restrain its restraint. More people working at longer hours not inflationary. Get able-bodied people off the couch. OB-Care lost 250K jobs per year; 2.5m over 10. 49ers & 29ers. War on biz & fossil fuels over. Regs rolled back. Waiting for 3 Easy Pieces tax cut.

McConnell says may not be able to repeal OB-Care. Cruz amendment?

Big 6 on tax reform? No Aug recess. Reconcile biz tax cuts w/ health package? 57 legislative calendar days thru year end.

Trump seems militant on trade protection. 232 all wrong. China 2.9% steel imports. Canada #1. Europe retaliate? China & N Korea? Why no currency deal? Better than trade protectionism.

Will US intercept N Korea missiles in flight? On ground before launch? More defense spending on triad? Reagan vision. Believe Putin on Syria? Believe China econ sanctions?

Good jobs report. But Fed should restrain its restraint. More people working not inflationary. No market based inflation signals. M2 & Base way down. Defense stocks a good play w/ N Korea & elsewhere? Stay long stocks?

Blue state budget breakdowns. Tax hikes make it worse. Illinois, CT, NJ. Tax cut states doing well. Florida magnet.

Bannon raising top tax-rate? Biz taxes more important. Across-the board. Lower rate & broader base.