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Melt away. All three major averages were at record highs early in the session. The russell 2000 late the declines. 5 . Caps down with the catalyst for this pullback today . What was the catalyst for gains earlier in the session . We did have earnings reports that came in stronger than estimated that there has been this continuing momentum trade where we just see more and more traders piling on including more participation from retail investors. Now it seems that is turning at least for the moment as we head towards the close of todays session. I noticed the 10 year yield. Earlier in the sessio...

In the business section, you lay out graphic. Megan we took a close look at the house plan. It is a serious attempts to implement major changes to the u. S. Tax structure. But also there is so much at stake politically. It is fascinating that a year after the election, we are now getting to what republicans universally say is the real thing that they have to get, tax reform. When anyone tries to get this done, there is a reason why it has failed in the past. The u. S. Tax code is so complex and there are so many vested industries and people and and special Interest Groups that relied on parts ...

Reform this week. In the business section, you lay out graphic. Megan we took a close look at the house plan. It is a serious attempt to implement major changes to the u. S. Tax structure. But also there is so much at stake politically. It is fascinating that a year after the election, we are now getting to what republicans universally say is the real thing that they have to get, tax reform. When anyone tries to get this done, there is a reason why it has failed in the past. The u. S. Tax code is so complex and there are so many vested industries and people and sectors and special Interest Gro...