Friday, December 1, 2017

THURSDAY 11/30/17; EOM (End-of-Month); BOK Rate Decision; China PMI’s; OPEC Meeting; Personal Income and Outlays (Inflation Gauge); KR; SHLD; EXPR; MIK; Chicago PMI; “McCain Rally”; SPX, INDU, RUT, NYA and TRAN Print All-Time Record Highs; Dow Above 24K; SPX and INDU Up for 8 Consecutive Months; ULTA; AMBA; FIVE; VMW; ZUMZ; Senate Fails to Vote on Tax Bill as Planned

Aussie and Asia markets are trading lower in the early going. Aussie regulators call for a probe into the financial sector. The banks sink like a stone. ANZ-1.1%. Commonwealth -1.9%. Tech stocks across Australia and Asia are trending lower following the tech and chip selloff in the States.

As expected, the Bank of Korea





[Purchase the 2017-11 chronology to read and study the market drama in November.]






 is delayed until 11 AM EST tomorrow morning. The Senate wanted to vote today but missed their goal. The promises made to receive Senator Bob Corker’s vote may be taken away. The cost of the tax bill package is far greater than the Senate expected. There will be drama on Capitol Hill tomorrow. US futures are soggy on the news.

S&P -7. Dow -33. Nasdaq -13.

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