…..Tax plan mark ups followed by possible vote this week. Philly Fed forecast 2.2% GDP growth for 2017. October deficit grows. NY Fed inflation expectations up. CAPE too high. GE’s train wreck. Financial Review by Sinclair Noe for 11-13-2017 DOW + 17 = 23,439 SPX + 2 = 2584 NAS + 6 = 6757 RUT – 0.21 = 1475 10 Y un = 2.40% OIL – .04 = 56.70 GOLD + 2.70 = 1278.60 The Senate tax-writing committee is hammering out the details of its tax cut proposal. The House may vote on its own bill as soon as Thursday. The House bill would end existing federal deductions for state and local income taxes and sales taxes. It would preserve a property tax deduction, capped at $10,000. Meanwhile, a Senate plan that’s being debated this week by the Senate Finance Committee, would fully repeal each of the deductions. House Ways and Means Chairman Kevin Brady of Texas has said the House of Representatives wouldn’t accept a bill that fully eliminates deductions for all state and local taxes as the Senate’s does. Some representatives from New York, New Jersey and California have expressed concerns. Another complicating factor is that the tax plans are each proceeding on parallel tracks. House GOP members may not want to take a politically painful vote when the bill is on the House floor if Senate tax writers have taken some provisions off the table. Trump repeated his call for Congress to repeal the ...