wiar 6-27-17

Mary FanslauWhat I Am Reading

Jun 27 (Tuesday)

Markets
U.S. Equities Are Risky Like a ‘2-Year-Old on Jungle Gym,’ TIAA’s Chief Investment Strategist Says (B)
JPMORGAN: Beware of overcrowding in markets where ‘everyone holds the same position’ (BI)
Biotech stocks bounce as regulation fears ease (FT)
Goldman Says ETF Sales in 2017 Will Beat 2015 and 2016 Combined (B)

Credit & currencies
Investor nervousness rises as yield curve flattens (FT)
Russia taps strong demand for EM debt (FT)
Mexican Peso Hits Highest in a Year (W)

Central banks
This illuminating chart shows the Fed’s $4.5 trillion balance sheet isn’t all that massive (BI)

US
U.S. Durable Goods Orders Fall 1.1% (W)
Why Americans Feel So Good About a Mediocre Economy (B)
Dallas Builders Can’t Keep Up With Demand for Apartments (B)

Europe
Why Italy’s Bank Rescue Looks a Backward Step (W)
How Italy’s Bank Plan Leaves Bondholders Confused: QuickTake Q&A (B)
European banks deemed safest since height of debt crisis (FT)
U.K.’s May Clinches Deal With Northern Irish Party on Government (W)

Emerging
Global banks should beware China’s deal spree (FT)
China’s All-Seeing Surveillance State Is Reading Its Citizens’ Faces (W)
Narendra Modi’s great tax gamble (FT)

US politics
GOP Leaders Issue Revised Health Care Bill (B)
GOP Senators Add Waiting-Period Penalty to Health Bill (W)
Anthem Says Senate Health Bill Will Bolster Individual Insurance Market (W)
Supreme Court to Review Trump Travel Ban, Says It Can Be Partially Enforced (W)
Trump Blasts Obama’s Handling of Alleged Russian Meddling (W)

Geopolitics & trade
Steel Yourself for Trump’s Anti-Trade Moves (W)
EU vows to retaliate over US steel tariffs threat (FT)
South Korea’s Moon under pressure to ditch protectionism (FT)
Syria accuses US of waging ‘war of attrition’ (FT)

Industries & companies
FAAMGs: Amazon’s Grocery Ambitions Spell Trouble for Food Brands (W)
FAAMGs: Amazon Robots Poised to Revamp How Whole Foods Runs Warehouses (B)
FAAMGs: Google Could Be a Day Away From At Least $1 Billion EU Antitrust Fine (W)
FAAMGs: Alphabet Inks Deal for Avis to Manage Self-Driving Car Fleet (B)
Financials: JPMorgan Turns Bullish on Future of Global Investment Banks (B)

Corporate finance
IPO Market Gears Up for Busiest Week in Two Years (W)
Alibaba-backed Best Inc bets on China logistics boom with U.S. listing (R)
Third Point’s Nestle Bet Follows Mixed Results for Hedge Fund (B)

Offbeat
When the Mailman Unwittingly Becomes a Drug Dealer (W)