Of course, a higher S&P 500 index doesn’t necessarily mean skimpier risk premia. It’s perfectly possible that the market could be discounting an ever-rosier future, and doing so with ever-great risk ...

Also in today’s newsletter, White House pushes back on allegations that workforce cuts hampered Texas flood alert ...

Retired judge says Fujitsu staff aware of bugs before rollout, leading to ‘disastrous’ impact on those wrongly accused ...