wiar 5-23-17

Mary FanslauWhat I Am Reading

May 23 (Tuesday)

Markets
Wall Street gains as defense, tech stocks rise (R)
Stockpickers, It’s Time to Bring Back the Pre-Trump Playbook (W)
Bond Bulls Get the Most Hedge-Fund Support Since 2007 (B)

Funds
The Quants Run Wall Street Now (W)
Low Volatility Raises Paranoia Over Leverage in the Quant Fund World (B)
Only Robots Can Tally What the Largest U.S. Pension Fund Pays in Fees (W)
SoftBank fund now world’s biggest private equity fund with $93 billion (BI)

Central banks
Here’s Why the Fed Will Stay Central to Markets [Balance Sheet] (W)
Economic Research | Reserve Requirements as a Chinese Macro Policy Tool (FRB-SF)

Global
Economic Growth in Developed Countries Slows, Says OECD (W) | Report
The global economy is looking OK, based on Japan’s latest trade report (BI)

US
Investment, Hiring Plans Show Rising U.S. Business Optimism (B)
Hard Data, Soft Data and Forecasting (FRB-SL)
Why Millennials Are (Partly) to Blame for the Housing Shortage (W)
Baby boomers are making it harder for millennials to buy homes (BI)
America’s Cities Are Running Out of Room (B)
The Future Of Work For People 50+ Will Surprise You (F)
Another reason workers are so stressed? The slow death of Summer Fridays (MW)

Europe
Hope for Italy with Monte dei Paschi rescue deal now close (FT)

Emerging
Brazilian President Temer: ‘I won’t resign. Oust me if you want’ (R)
China’s Bond-Yield Curve Gets Bent Out of Shape (W)

US politics
Trump signs massive $110 billion deal with Saudi Arabia that focuses on defense (BI)
White House to Roll Out Trump’s First Budget Proposal With Little Fanfare (W)
Mike Flynn Won’t Comply With Senate Subpoena in Russia Probe (W)
Trump Hints at Israel Role in Spy Data He Shared With Russians (B)
Sen. McCain Softens ‘Watergate’ Statement on Trump Administration Turmoil (W)

Industries & companies
Autos: Ford Replaces CEO Mark Fields With Jim Hackett Amid Pressure on Profit (W)
Chemicals: Huntsman and Clariant are joining forces to create a $14 billion chemical behemoth (BI)
Financials: Morgan Stanley on paradigm shift in financial technology (BI)
Health Care: Delay on Obamacare Subsidy Decision Leaves Insurers in Limbo (B)
Media: Remember ‘Avatar’? Disney Hopes So With Big Bet on Theme Park (W)
Telecom: S&P may disconnect the telecom services sector index (R)

Geopolitics
Trump Meets With Israeli Leader in Bid to Revive Peace Process (W)
New Russia claims cloud Trump’s first foreign trip (FT)

Offbeat
The most important finance books (BI)
5 Good Summer Reads (Gates notes)
Fox News Faces Three New Employee Discrimination Lawsuits (B)