wiar 6-07-17

Mary FanslauWhat I Am Reading

Jun 07 (Wednesday)

Markets
Momentum Stocks Just Had Their Best Winning Streak in Nearly 25 Years (B)
Hedge funds are loading up on bets against small-cap stocks (BI)
U.S. 10-Year Yield Falls to New 2017 Low (W)
Bank shares hit as Treasury yield curve flattens (FT)

Currencies
The Dollar’s ‘Stupidly Strong’ Link With Bonds Means Deeper Losses (B)
Investor doubts about Trump agenda weigh on dollar (FT)
China Ready to Buy More Treasuries as Yuan Stabilizes (B)
Pound’s Message to Investors: Wake Up and Smell the Election (W)
Mexico’s Peso Returns to Pre-Election Levels (B)

Central banks
Is the World Overdoing Low Interest Rates? (B)
Inconvenient Facts for the Fed (W)
Steven Mnuchin faces a big decision on quantitative tightening (FT)
ECB and tapering: challenge that will not go away (FT)

Global
The World’s $100 Trillion Question: Why Is Inflation So Low? (B)
World Bank: Global Economic Prospects: A Fragile Recovery, June 2017

US
U.S. Job Openings Hit Record High in April, Topping 6 Million (B)
U.S. CEO Sentiment at Three-Year High Is Good Omen for Economy (B)
Americans Are Pouring Money Into Their Homes Like It’s the 1990s (B)
‘Psychologically scarred’ millennials are killing dozens of industries — and it’s their parents’ fault (BI)
6 reasons why more millennials aren’t buying homes (BI)

China
How China’s Biggest Bank Became Wall Street’s Go-To Shadow Lender (B)

Japan
Japan Embodies a Global Mystery: Where Are the Pay Raises? (W)

Emerging
Brazilian President’s Fate Rests With Top Electoral Court (W)
South Africa plunges into unexpected recession (FT)

US politics
Private Funding Is Key Challenge of Trump Infrastructure Plan (W)
Corporate CEOs Say Urgent Tax Overhaul Would Boost Hiring and Investment (W)
Apple CEO Says Repatriation Tax Should Be Mandatory Levy (B)
Senate Health-Bill Talks to Center on Medicaid Fight (W)
Comey Will Share Details of Trump Conversations in Testimony (B)
Why `Obstruction of Justice’ Is Echoing in D.C.: QuickTake Q&A (B)

Geopolitics, terrorism & trade
Trump Sides With Saudis, Gulf States in Dispute With Qatar (W)
World’s Biggest Container Line Says It Can’t Send Cargo to Qatar (B)
Mexico to Maintain Sugar Exports to U.S. (W)
Assault on ISIS’s Syria Stronghold Begins (W)

Industries & companies
Autos: GM shareholders reject activist’s stock-split campaign (FT)
Energy: Long Promised, the Global Market for Natural Gas Has Finally Arrived (W)
Financials: A primer on Dodd-Frank’s Orderly Liquidation Authority (Brookings)
Health Care: Anthem to Exit Ohio Exchange, Leave 18 Counties With No ACA Plan (W)
Retail: Amazon Fights Wal-Mart for Low-Income Shoppers (W)
Retail: J. Crew May Never Be the Same Again (B)

Offbeat
HomePod First Look: Hey Siri, What Took You So Long? (W)