wiar 3-01-17

Mary FanslauWhat I Am Reading

March 01  (Wednesday)

Markets
S&P 500 Could Top 4,000 in Eight Years and It’s Not Because of Trump (B)
The S&P 500 charts that make bulls skittish (FT)
Mom and Pop Investors Are Behind This Historic Market Rally (B)
Treasuries Plunge After Fed Speakers Jolt March Hike Odds Higher (B)
Retail Stocks Slide on Target’s Forecast (W)
One of the most senior women on Wall Street just issued a rallying cry for stock pickers (BI)

Central banks
Fed officials talk up rate rise prospects (FT)
Fed’s Williams Says March Hike to Get ‘Serious Consideration’ (B) | Speech
Bullard: “The Role of the Fed’s Balance Sheet for the U.S. Monetary Policy Outlook in 2017”
China’s Central Bank Faces a Delicate Balancing Act (B)

US
U.S. GDP Advanced 1.9% in Final Quarter of 2016 (W)
U.S. Housing Market Roars Into 2017, Case-Shiller Says (W)
Why Construction Has Seen Particularly Weak Productivity Growth (W)
A Stronger Dollar and the Profitability of U.S. Firms (FRB-SL)

Europe
Brussels to lay out plans for more ‘multi-speed’ EU-27 (FT)

China
Zombie companies still threaten China’s living (FT)

Japan
BoJ publishes bond-buy plans to keep yields at 0% (FT)

Emerging
Are emerging markets entering a new virtuous cycle? (FT)
India GDP Hurt by Cash Crunch (W)

US politics
Trump Faces a Conservative Revolt in Congress (W)
In Speech to Congress, Trump Looks to Jump-Start Momentum (W)
Trump wants to cut $54bn in spending from domestic agencies–enough to wipe several of them out (BI)
Trump Expects Growth to Pay for Defense Boost (W)
Lawmakers Expect Trump Will Get on Board With Medicare, Social Security Cuts (W)
Ryan and Bannon Forge Unexpected Alliance on Border Tax (B)
Trump to Repeal Obama-era Regulations on Firearms, Water (W)
Wilbur Ross is confirmed (BI)
Trump Slow to Submit Nominations for Top Posts (W)
Trump’s Travel Ban Likely to Exempt Those With Visas (W)

Geopolitics & trade
Trump Infrastructure Plan Seen as Key to Dodging China Trade War (B)
Russia Says Preparations Beginning for Trump-Putin Meeting (W)
Merkel tries ‘strategic patience’ with Trump (FT)

Industries & companies
Financials: Dimon Says U.S. Future ‘Very Bright’ If Trump Can Enact Reforms (B)
Financials: JPMorgan calls for easing of bank regulation (FT)
Financials: J.P. Morgan Executives: Let the Good Times Roll (W)
Pharma: Valeant shares drop 14% as drugmaker cuts guidance (FT)
Media: Time Inc. Asks Suitors to Submit Offers by Next Week (B)
Retail: Target Plunges Most in Eight Years (B)
Tech: Google’s YouTube to Launch $35-a-Month Web-TV Service (W)
Tech: Apple’s Next iPhone Will Have a Curved Screen (W)
Tech: Snap’s Investors Could Disappear After the IPO (B)

Technology
JPMorgan Software Does in Seconds What Took Lawyers 360,000 Hours (B)

Offbeat
Bill Gates says it’s too early for basic income, but over time “countries will be rich enough” (BI)
The Night They Locked Up All the Smartphones (W)
Keep Your Kids Away From Connected Toys (B)
What Press Freedom Means When You Can Just Press ‘Tweet’ (B)