De-fanged market does just fine

Tech stocks got crushed in the buying stampede in New York this morning, with Paypal down as much as 5.4%, Microsoft down 5%, Facebook down 2%, and Amazon down 1.6%.  Department stores were up 6%, food retail was up 5%, financials up 1.8%, and industrials up 1.6%. The Trump trade favors retail sales (more after-tax […]