A Year Into The Trump Rally -- And This Market Simply Won't Quit -- T+256 -- October 4, 2017

The Close

All three major indices closed higher today -- very small increases, but increases nonetheless. The naysayers on CNBC are starting to come around to the fact that the rally seems genuine. Despite the headwinds the market keeps making small gains every day, it seems.

WTI closed below $50, trading at $49.90.

Original Post

All three indices are in new record territory.

New highs a the NYSE, 158 194 208, including: BRK-B, CAT, Cummins, GM, Home Depot, Lennar,

• new lows: 5

US coal exports:

Cash 'n carry: Neel Kashkari (Federal Reserve Bank of Minneapolis) not being considered to be new Fed chief, according to "administration" and contrary to recent news report. Kevin Warsh is still on the short list. All from CNBC. Jay Powell in the mix. Janet Yellen might be a bit farther down the list.

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Just Curious

The Saudi prince who will be king, his education (link):

He received his primary education in Riyadh, the country's capital, where he was ranked among the kingdom's top 10 students.

He obtained a Law degree from King Saud University, where he graduated second in his class. Throughout his time as a university student, Mohammed bin Salman was enrolled in various training programmes.

John Neely Kennedy, the junior US Senator from Louisiana:

He graduated in 1969 from Zachary High School, Zachary, Louisiana.

He finished magna cum laude in 1973 from Vanderbilt University in Nashville, Tennessee, with a degree in Political Science, Philosophy, and Economics. At Vanderbilt, he was elected president of his senior class and named to Phi Beta Kappa.

After Vanderbilt, Kennedy received a J.D. degree in 1977 from the University of Virginia School of Law in Charlottesville, Virginia. At the University of Virginia School of Law, he was editor of the Virginia Law Review and was elected to the Order of the Coif.

In 1979, he earned a Bachelor of Civil Law degree with first class honours from Magdalen College, Oxford in England.

Prior to entering politics, Kennedy practiced law at the New Orleans and Baton Rouge firm of Chaffe McCall.