…..Four consecutive sessions with record highs. Yellen delivers Humphrey-Hawkins testimony. Labor market good, inflation warming; rate hikes are live; Dodd-Frank did not destroy lending. PPI jumps in January and 1.6% past 12 months. Flynn resigns. Mnuchin confirmed. Damn Oroville Dam. Aetna-Humana and Cigna-Anthem prove breaking up is hard to do, and costly. Hologic buys Cynosure.Burger King-Tim Hortons-Popeyes. PSA-Opel. Samsung’s Jay Y. Lee arrest warrant. Apple is really big and a 10th anniversary iPhone 8 is right around the corner. Financial Review by Sinclair Noe for 02-14-2017   DOW + 92 = 20,504 SPX + 9 = 2337 NAS + 18 = 5782 RUT + 4 = 1396 10 Y + .04 = 2.47% OIL + .28 = 53.71 GOLD + 3.30 = 1229.00 Four consecutive trading sessions with record highs.   Federal Reserve Chair Janet Yellen testified before the Senate Banking Committee this morning, part of her semi-annual two-day testimony to Congress. Yellen said the labor market is basically where the Fed wants it to be, and inflation is just a little lower than their target. She said, “Waiting too long to remove accommodation would be unwise, potentially requiring [the Fed] to eventually raise rates rapidly, which could risk disrupting financial markets and pushing the economy into recession.   “At our upcoming meetings [we] will evaluate whether employment and inflation are continuing to evolve in line with [the Fed’s] expectations, in which case a further adjustment of the federal funds rate would likely be appropriate.”   She said the Fed expected ...