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The American petroleum institute (API) released data showing a decline in U.S. crude oil and refined refining inventories, while gasoline inventories rose. The other part of the republican strategy (known as "starve the beast") tax cut higher deficits will be used to fight for the so-called entitlement spending cuts, such as medicare, medicaid, food stamps and social security. Again, this is a risky proposition because the elderly, the middle class and the low-income americans depend heavily on these programs. Yes, the working and non-working poor, who get welfare or food stamps, include minorities who tend to vote for the Democratic Party. But the millions of blue-collar, socially conservative whites who voted for Mr Trump relied on these and similar schemes. The difference between financial capital preservation and physical capital preservation "Manufacturing companies with complex and lengthy international supply chains, such as the automotive industry, could also face significant challenges. These developments could also have a significant impact on productivity growth. " Reuters quoted societe generale (601166, shares) head of U.S. rates strategy Subadra Rajappa, said over the past few sessions, is the tax factors driving bond yields and higher risk assets. And strong economic data usually drag down the bond market.