Love at first sight!

In the interest of full disclosure, I know a lot more about baseball than the stock market.  Nevertheless, you have to say Wall Street has a good case of "love at first sight" with the new GOP bill. This is a note from CNBC: U.S. stocks traded sharply higher on Monday as investor sentiment was boosted the Senate narrowly passing a major tax bill over the weekend. The Dow Jones industrial average rose 230 points, with Boeing and Walt Disney leading advancers on the 30-stock index. The Dow also hit a record high and briefly traded more than 300 points higher. The S&P 500 gained 0.4 percent, with financials and industrials as the best-performing sectors, rallying 1.9 percent and 1.6 percent, respectively. The index also reached an all-time high. The Nasdaq composite lagged, trading 0.6 percent lower as Facebook, Alphabet and Netflix all traded lower. "You're seeing tech lagging and financials leading. This is some rotation on the back...(Read Full Post)

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