Perspective

MarketWatch – Utah and Georgia residents enjoy biggest income gains in U.S. How did your state do? – Jeffrey Bartash 5/17

Worthy Insights / Opinion Pieces / Advice

MarketWatch – Millennials haven’t saved two years’ salary – they’ve saved one week’s worth – Rex Nutting 5/18

WSJ – Is Tesla Abandoning the Mass Market? – Charley Grant 5/21

WSJ – In Trade War With U.S., China Gets the Upper Hand – Greg Ip 5/22

Markets / Economy

WSJ – Daily Shot: Consumer Staples SPDR ETF – S&P 500: Relative Performance 5/22

• “The consumer staples underperformance over the past two years has been unprecedented. Is the selloff overdone?”

Energy

WSJ – Oil Is Above $70, but Frackers Still Struggle to Make Money – Christopher M. Matthews and Bradley Olson 5/17

• “American shale drillers are still spending more money than they are making, even as oil prices rise.”
• “Of the top 20 U.S. oil companies that focus mostly on fracking, only five managed to generate more cash than they spent in the first quarter, according to a Wall Street Journal analysis of FactSet data.”
• “Shale companies have helped propel U.S. oil output to all-time highs, surpassing 10 million barrels a day and rivaling Russia and Saudi Arabia. But the top 20 companies by market capitalization collectively spent almost $2 billion more in the quarter than they took in from operations, largely due to bad bets hedging crude prices, as well as transportation bottlenecks, labor and material shortages that raised costs.”
• 

Cryptocurrency / ICOs

FT – Tax havens take the ICO lead – Don Weinland 5/21