Wall Street’s fear of missing out

The S&P 500 is off to its best start since 1999 and the Dow just topped 25,000. Some measures of upward momentum in the market are at their highest in a half-century or more. Investor fear of missing out has risen above worries of nuclear war with North Korea or the European Union coming apart. Investing in the momentum may be tempting, but it’s not really about the economy—and that may give you pause.

House passes warrantless spying bill after confusion over Trump tweets. The measure extends the government’s authority to spy on the digital communications of suspected foreign terrorists. The vote came just hours after President Donald Trump took to Twitter to resurrect his prior claims that his campaign team had been spied upon, possibly through the use of the surveillance law. Opponents seek to limit the post 9-11 measure because of insufficient protections against the illegal surveillance of Americans.

Wal-Mart raises its hourly wage to $11. With the increase, as well as bonus payments to employees, America’s largest private employer seeks to even its pay gap with a resurgent Target while simultaneously sending a high-profile thank you to Republicans for slashing the corporate tax rate.

Oil reaches $70 a barrel for the first time in three years as production cuts by OPEC and rising demand whittle away at the global surplus. Brent crude futures, used in the pricing of more than half the world’s oil, rose as much as 1.2 percent to the highest since Dec. 4, 2014. The rising prices are putting U.S. production on track to rival both Saudi Arabia and Russia.

The most likely outcomes for Nafta. Markets shuddered at signs the U.S. may be preparing to withdraw from the trade deal. But even if Trump serves notice of a pullout—which isn’t as easy as one might think—Nafta could survive. Here are three possible scenarios if the U.S. exited the deal, and the assets that would be hit the hardest.

You don’t have to work on Wall Street or in Silicon Valley to get rich. Among bosses at public companies, those in consumer-staples businesses were awarded average pay packages of $47.8 million in the most recent fiscal year, more than any other sector, according to the Bloomberg Pay Index. A year ago, the index ranked health-care bosses as the best paid.

The casual-dining revolution of the last decade brought in flea market décor, foraged ingredients, and a phalanx of food trucks. But culinary hotspots like Le Coucou, the Office, the Grill, and Del Mar are heralding a return to formality that diners have hungered for.