wiar 5-01-17

Mary FanslauWhat I Am Reading

May 01 (Monday)

Markets
Pros Are Near-Term Bulls But See Recession in ’18 (BR)
All Those Bubble Sightings Turned Out to Be Mirages (B)
Most VIX Analysis Is Outright Nonsense (BR)
Some Cautionary Notes on Smart Beta (BR)
Byron Wien: The Scary Signal of the Bond Market (BR)

European markets
Europe Investors Bid Adieu to Political Jitters, Begin Buying (W)
European Stocks Rise as Fear of Frexit Falls (BR)
Grudging Public Support for Euro Could Hold It Together (W)

Central banks
Fed Expected to Keep Rates Steady (W)

US
Homeownership Ready to Rise After Hitting an All-Time Low (B)
The Rich Are Living Longer and Taking More From Taxpayers (B)

Europe
With the French Run-Off Looming, Macron Still Has a Lot to Learn (B)
Facing election defeat, France’s Le Pen flip-flops on euro (R)
EU calls May’s Brexit stance ‘completely unreal’ (FT)
Germany’s Schaeuble says Greece has made good reforms progress (R)

Emerging
Iran’s leader dismisses Rouhani’s detente policy ahead of vote (R)

US politics
Trump celebrates first 100 days, blasts media (R)
How Trump Has Reshaped the Presidency, and How It’s Changed Him, Too (N)
The Trump Tax Plan: The Good, Bad, and Dumb (BR)
Trump’s corner-store tax cut set to aid Wall St (FT)
Banks, Restaurants, MLPs Could Win Under Tax Plan (BR)
Trump could target ‘carried interest’ tax loophole: official (R)
Trump splits from the GOP and says Trumpcare 2.0 will guarantee pre-existing protections nationwide (BI)

Geopolitics & cybersecurity
Trump hints that the US may be sabotaging North Korea’s nuclear program (BI)
Trump Leaves Open Possibility of Military Action Against North Korea (W)
Mexico calls on Trump to reuse TPP deals for Nafta (FT)
Hackers Ran Through Holes in Swift’s Network (W)
Trump just made his most appalling claim about China yet (BI)
U.S.-backed militias claim big advance against IS in Syria’s Tabqa (R)

Industries & companies
Autos: Detroit Auto Makers Are Upbeat as Sales Volumes Stall (W)
Financials: US credit card stocks sink to fresh lows (FT)
Industrials: Caterpillar Stock Revs Up (BR)
Technology: Apple’s Cash Hoard Set to Top $250 Billion (W)

Technology
Flying Taxis Will Be More Like Taking the Bus (B)
Tesla just delayed the roll-out of its solar roof — here’s everything we know about the project so far (BI)
Here’s a visualization of Elon Musk’s tunneling project that could change transportation forever (BI)

Offbeat
The 100 Days of 1933: Dangerous and Unwise (BR)
The founder of LinkedIn says too many of us are using the site all wrong (BI)
Stanford top in MBA ranking for jobs in finance (FT)
Avocado Prices Are Skyrocketing (B)