S p 500 by. 5 . Nasdaq down. 75 , well off the lows it is worth noting. They had been down more than 1 at session lows. All this following the headlines and Michael Flynn did plead guilty to lying to the fbi and is agreeing to cooperate in the russia probe. Abc reporting he may testify against President Trump. The idea President Trump had in fact been connected to the russia contact. If we take a look at the intraday chart of the dow, we see this roller coaster ride up until about 11 00. It had been slightly higher, on pace for a record close. As the headlines crossed we see an absolute nosedive. Session lows down 1. 44 . On pace since the worst day since may. Also true for the s p 500. The russell 2000 down significantly, its worst day since may. A little bit of a moderation as investors trying to figure out with this means and the implications. Right now perhaps the moderating of the selling action suggests there is not enough information to know whether or not it could affect the u.
Trump, the year, and a Republican Congress too. How do you size it up . Lets look at the high points. Oh, the high points . Well, we would start with the Tax Reform Act of 2017. That was a very high point. The highest point at the beginning was the confirmation of neil gorsuch to the supreme court. And i suppose we should also mention that there were all of the regulatory rollbacks of obamas regulations using the congressional review act. But once passed, through the end there werent a lot of high points because they spent most of middle of the year trying toc reform obamacare. That was a failure. But, you know, theyve gone off on a true high. The economy is strong, Tax Reform Act should probably propel that economy, so theyve got the winds at their back going into the 2018. Paul we do want to talk about the economy in more detail later, mary, but i think the deregulatory agenda is really both what congress did with the congressional review act. Itd only been used once before, i think
Trump, the year, and a Republican Congress too. How do you size it up . Lets look at the high points. Oh, the high points . Well, we would start with the Tax Reform Act of 2017. That was a very high point. The highest point at the beginning was the confirmation of neil gorsuch to the supreme court. And i suppose we should also mention that there were all of the regulatory rollbacks of obamas regulations using the congressional review act. But once passed, through the end there werent a lot of high points because they spent most of middle of the year trying toc reform obamacare. That was a failure. But, you know, theyve gone off on a true high. The economy is strong, Tax Reform Act should probably propel that economy, so theyve got the winds at their back going into the 2018. Paul we do want to talk about the economy in more detail later, mary, but i think the deregulatory agenda is really both what congress did with the congressional review act. Itd only been used once before, i think
Trump, the year, and a Republican Congress too. How do you size it up . Lets look at the high points. Oh, the high points . Well, we would start with the Tax Reform Act of 2017. That was a very high point. The highest point at the beginning was the confirmation of neil gorsuch to the supreme court. And i suppose we should also mention that there were all of the regulatory rollbacks of obamas regulations using the congressional review act. But once passed, through the end there werent a lot of high points because they spent most of middle of the year trying toc reform obamacare. That was a failure. But, you know, theyve gone off on a true high. The economy is strong, Tax Reform Act should probably propel that economy, so theyve got the winds at their back going into the 2018. Paul we do want to talk about the economy in more detail later, mary, but i think the deregulatory agenda is really both what congress did with the congressional review act. Itd only been used once before, i think
Trump, the year, and a Republican Congress too. How do you size it up . Lets look at the high points. Oh, the high points . Well, we would start with the Tax Reform Act of 2017. That was a very high point. The highest point at the beginning was the confirmation of neil gorsuch to the supreme court. And i suppose we should also mention that there were all of the regulatory rollbacks of obamas regulations using the congressional review act. But once passed, through the end there werent a lot of high points because they spent most of middle of the year trying toc reform obamacare. That was a failure. But, you know, theyve gone off on a true high. The economy is strong, Tax Reform Act should probably propel that economy, so theyve got the winds at their back going into the 2018. Paul we do want to talk about the economy in more detail later, mary, but i think the deregulatory agenda is really both what congress did with the congressional review act. Itd only been used once before, i think