….Dow hits another record. Senate unveils BCRA version 2.1 – it just keeps getting worse. Steel tariffs? Paris Accord? Yellen Day 2 on Capitol Hill and the Fed’s third mandate. Financial Review by Sinclair Noe for 07-13-2017   DOW + 20 = 21,553 SPX + 4 = 2447 NAS + 13 = 6274 RUT + 1 = 1425 10 Y + .02 = 2.35% OIL + .69 = 46.08 GOLD – 2.70 = 1218.30   Wall Street posted modest gains, but good enough for another record high on the Dow. The S&P 500 Index closed within five points of its record. Analysts estimate second-quarter earnings for S&P 500 companies rose 7.8 percent from a year ago, with financials projected to have had the third-best profit growth among sectors. Tomorrow, we will start seeing the major banks report earnings for the quarter.   Senate Republican leadership released the updated version of its healthcare bill today. Let’s cover the major changes.   The new version could preserve the 3.8% investment-income tax and an 0.9 percent surtax for the Medicare insurance program on people making over $200,000 a year, a huge source of revenue introduced by the Affordable Care Act and one of the biggest reasons Republicans wanted to repeal Obamacare. Other taxes including one on health-insurance executives and a Medicare health-insurance tax would no longer be repealed in this version. Numerous smaller taxes, like one on tanning salons, would still be repealed. The original bill had $2 billion in funding to combat the opioid crisis. ...