…..Mega-techs stumble again. Brits sort through election results. Avoiding a government default. Another block on the travel ban. Session to testify publicly before Senate. Sessions subpoena for Arpaio trial. Puerto Rico wants to be the 51st star. SCOTUS cuts time for biologics, bails out Microsoft. Immelt out at GE. GE-Baker Hughes deal is a go. The Uber implosion. Gymboree BK. F-35 has an oxygen problem.   Financial Review by Sinclair Noe for 06-12-2017 DOW – 36 = 21,235 SPX  – 2 = 2429 NAS – 32 = 6175 RUT – 2 = 1419 10 Y + .01 = 2.21% OIL + .17 = 46.00 GOLD – .90 = 1266.50   The Dow Industrials fell from record highs, with an inside trading session that does not look like a reversal, not yet anyway. The Nasdaq Composite confirmed its sharp downturn on Friday. Really, it was just five mega-tech stocks that accounted for 75% of the Nasdaq’s drop.  Apple, Microsoft and Goggle parent Alphabet account for nearly 30 percent of the index’s weighting, and their outsize impact has driven the gauge lower even though the bulk of the stocks are doing fine. What has sparked the so-called tech wreck isn’t exactly clear, but Goldman Sachs issued a report last Friday entitled, “Is FANG Mispriced?” More important is whether this is a short-term correction or the sign of something more ominous. One or two days down does not make a trend, but a trend can start with a couple of down days. At this ...