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Points. Nasdaq advanced 4. 6 . The big story is that the industrials are stalling out here. Thats right. Theyre stalling out while the techs are head rot. What does that mean . You can easily interpret this action on an hour by hour basis, suggesting that we need to be worried about an economic slowdown. But i think that would be a mistake. To me the teches are roaring while the industrials languish, because investors keep gravitating toward the companies that have the most up site in the second half. Now that it looks like the trump steam roller has run out of gas. Remember, is stock market is a forecasting machine, it looks ahead about six to nine months. We thought that the president would repatriate foreign assets, tax cuts and lots of deregulation. Wall street is enamored of him. Which means the stock market likes him very, very much. Now were getting deregulation in spades. Just last week, the president presented two men to the regulatory commission, trumps already put in regulat

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