Solid 23K

….Record highs for Dow, S&P and Nasdaq. Senate closer to reconciliation. Mnuchin Rule is shot. Bipartisan ACA fix is killed. Earnings season. Rio Tinto fraud. Beige Book remains moderate and modest. Financial Review by Sinclair Noe for 10-18-2017   DOW + 160 = 23,157 SPX + 1 = 2561 NAS + 0.56 = 6624 RUT + 7 = 1505 10 Y + .04 = 2.34% OIL + .03 = 52.07 GOLD – 4.30 = 1281.50   Yesterday the Dow Industrials topped 23,000 for the first time only to close just below the milestone. Today, the Dow sprinted past 23,000 without looking back. Yesterday we told you IBM posted better than expected earnings and revenue (even though it was the 22nd consecutive quarter where revenue declined) but they did report growth where it counts, with revenue increasing 11% in cloud computing and software-as-a-service offerings; good enough for a 9% pop – its biggest one-day gain in almost 9 years – which, in turn, lifted the Dow. Also record highs for the S&P 500 and Nasdaq. The Dow logged its fourth st