…..Dow hits another record. 2Q GDP at 2.6%, meh. Skinny repeal is dead. Reince Priebus gone. Royal Dutch Shell – buy an electric car. Shrinking airline seats. Wells Fargo behaving badly again. Financial Review by Sinclair Noe for 07-28-2017   DOW + 33 = 21,830 SPX – 3 = 2472 NAS – 7 = 6374 RUT – 4 = 1429 10 Y – .02 – 2.29% OIL + .63 = 49.67 GOLD + 10.50 = 1270.10   The Dow Industrial average closed at another record high.   Real gross domestic product increased at an annual rate of 2.6 percent in the second quarter of 2017; that’s up from a revised 1.2 percent rate in the first quarter, but short of expectations. In recent years, the U.S. economy has often started off slowly, improved in the middle of the year, only to sag again toward the end. The economy grew 3.5 percent in the third quarter of 2016 before slowing down. It grew at 5 percent in the third quarter of 2014 before sputtering out. The result each year has been a return to what some economists call the “new normal” of plodding annual growth of about 2 percent. Today was the first estimate of second quarter GDP growth – other estimates will follow and it is typical to see downward revision. You should never read too much into any one quarter’s GDP data, especially the first estimate. The GDP report showed fairly balanced economic growth with increases in personal consumption, ...