Headlines to be discussed at LNWM’s Monday briefing:
— S&P 500 companies are on track to increase earnings per share by 10.8% for 2nd quarter 2017.
— The US economy grew 2.6% in 2nd quarter 2017, driven mainly by consumer spending.
— The US Senate failed to pass repeal of the Affordable Care Act (aka Obamacare), in 51 to 49 vote.
— US consumer confidence fell to a nine-month low in July — 93.4 vs. 95.1 in June.
— By 2021, British regulators plan to replace Libor with benchmarks less likely to be manipulated.
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