Ritholtz's Reads: U.S. Corporate Profits Are Surprisingly Strong

Barry Ritholtz is a Bloomberg View columnist. He founded Ritholtz Wealth Management and was chief executive and director of equity research at FusionIQ, a quantitative research firm. He blogs at the Big Picture and is the author of “Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy.”
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My Tuesday morning train reads:

• The Surprise About Weak U.S. Profits Is How Strong They Are (Bloombergbut see Warren Buffett and Jeremy Grantham have been warning us about this moment for years (Business Insider)

• China’s Middle-Class Dreams in Peril: Smaller cities on the cusp of China’s transformation toward consumer-driven growth struggle to overcome ill effects of previous economic model (WSJ)

• 60/40 Return Expectations (A Wealth of Common Sensesee also Goldman’s O’Neill Comes Up Short on active investing (ETF.com)

• Charley Ellis Foresees a 401(k) Crisis (Morningstar)

• Longest S&P 500 Rally of Year Puts Ceiling in Reach as VIX Drops (Bloombergbut see New bear market threat forces the issue: How much can you stand to lose? (LA Times)

• Who Owns Stocks? It’s Not Just the Rich (Real Time Economics)

• Pithy, Mean and Powerful: How Donald Trump Mastered Twitter for 2016 (NYTsee also I’m Trying to Run for President, but the Democrats Won’t Let Me (Politico)

• After a 1996 Mass Shooting, Australia Enacted Strict Gun Laws. It Hasn’t Had a Similar Massacre Since. (Slate)

• 12 Surprising Facts about Nobel Prizes (Scientific Americansee also  ‘Wiring diagrams’ link lifestyle to brain function (Nature)

• Apple Executives Mark Anniversary of Steve Jobs’s Death With Personal Tributes (Re/Code)

What are you reading?

Corporate Earnings Had Biggest Jump Since ’12

Source: Bloomberg

This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.

To contact the author of this story:
Barry L Ritholtz at britholtz3@bloomberg.net

To contact the editor responsible for this story:
James Greiff at jgreiff@bloomberg.net