If there were no fireworks displays in your hometown on July 4^th maybe, we will get some from Capitol Hill this afternoon.  It will not be a cage match the U.S. Attorney General found himself in yesterday, but emotions will be high, as the stakes are huge.

• Competition
• Fairness
• Discrimination
• Privacy

I have read and heard from both sides of the political aisle the very existence of these big companies is a threat to the Republic.

Unless these companies are broken up, they are going to be stocks to own or to buy on rare dips.  We took profits on Facebook (FB) in the Hotline Model Portfolio because they seemed the most vulnerable considering the slowing growth.  But the fact remains, these are giants that abuse their size and increasingly reveal internal bias they long denied existed.

Moreover, some are more brazen than others when it comes to limiting competition and abusing size and power (read Amazon).

But all these stocks are higher even after President Trump tweeted potentially using executive power if Congress continues to slumber through the issues.

The Other Message of the Market

It is a solid session with investors kicking those value tires again.  Beyond the S&P 500, stocks are making even more robust gains.  All the S&P sectors are positive, or flat.  Energy and Financials are the leaders, while Utilities lag.