The Market, Energy, And Political Page, Part 4, T+2 -- November 8, 2018

Dow (irrelevant): not only is the Dow holding today after the huge jump yesterday (500 points?) and is now up another 100 points. Which "house" holds the purse strings? Yup, the US Congress. Who holds the US House now? Yup. Something tells me the movers and shakers like Nancy Pelosi. Her #1 concern: health care. Remember: the state of California has at least 37 military installations and Trump has said over and over and over that he plans to have the strongest US military ever. Think:

• Bolton: hardest hard-line we've had in years
• Nikki Haley: earned her stripes in the UN; could join Bolton
• Trump: ready to take on China
• White House: huge number of staff with military backgrounds
• Pelosi: feels the wins that the Dems had in the midterms were all decided by folks voting "healthcare issues"
• I'm not sure if there are any sectors bigger than defense and health in the US; could be wrong

WTI: now below $61 -- according to CNBC -- I see $61.12 over at oilprice