wiar 7-01-17

Mary FanslauWhat I Am Reading

Jul 01 (Saturday)

Stocks Notch Strong First Half, but Some Fear What’s Ahead (W)
Volatility Might Be Awakening From a Coma, But It’s Still Groggy (B)
Latest Salvo in the Active-Passive War: Stock-Bond Correlations Are Gone (B)
Small Companies Are Gone, but Should They be Forgotten? (W)
Taper Tantrum II lacks summer blockbuster status (FT)

Commodities & currencies
Shale Boom Falters as Oil Lingers Near $45 on Stubborn Glut (B)
Iron ore is suddenly in a bull market (BI)
The dollar just had its worst quarter in years, and that’s exactly what Trump wants (BI)
The 45-Millisecond Ether Flash Crash Prompts Search for Remedies (B)

The Tech Selloff Couldn’t Come at a Worse Time for These Funds (B)

Central banks
How central bankers rattled global markets (FT)
Eurozone Inflation Falls Again in Setback for ECB (W)
ECB Official Urges Bank to Prepare to Return to ‘Normal’ Policy (W)
Atlanta Fed Taylor Rule Utility Updated (FRB-ATL)

GDPNow model forecast for real GDP growth Q2’17  is 2.7%, down from 2.9% (FRB-ATL)
Inflation Eases for Third Consecutive Month (W)
Tepid U.S. Consumer Spending Keeps Economic Rebound On Track (B)
Economy Is Losing a Big Booster (W)
Illinois Moves Toward Budget but Warns of Deadline Miss (W)
The Deficit Picture Darkens (B)

Europe’s Car-Leasing Boom Sets Off Alarm Bells (B)
EU’s Juncker Cautions That Far Right Sentiments Remain (W)

Don’t look now, but inflationary pressures are building in Japan (BI)

China’s economy continued to produce the goods in June (BI)
India Rolls Out Massive Tax Reform, Businesses Brace for Chaos (B)

US politics
Senate GOP Leaders Aim for New Health Plan in Two Weeks (B)
GOP Operative Sought Clinton Emails From Hackers, Implied a Connection to Flynn (W)
Trump’s Travel Ban Takes Effect, Setting Strict Entry Limits (W)

Geopolitics & terrorism
Trump’s considering a tariff that could put the economy on a path to ‘global recession’ (BI)
Trump and Moon Assert Unity on North Korea (W)
N Korea threat tests US faith in missile defences (FT)
China lashes out at US over Taiwan arms deal (FT)
U.S. to Sanction Chinese Bank Over North Korea Financing (W)
No Thaw Likely at Trump-Putin Meeting (W)
U.K. to Start U.S. Trade Talks on July 24 in Early Brexit Test (B)

Russia Threatens Retaliation If Pentagon Bans Kaspersky Software (B)
Cyberattack Launched for Pain, Not Profit, Experts Say (W)

Industries & companies
FAAMGs: Google’s Main Strategy Is Under Threat From EU (W)
FAAMGs: Brussels sets stage for more battles with Silicon Valley (FT)
FAAMGs: Microsoft Is Planning Sales Reorganization Focused on Cloud (B)
Financials: Buffett Is About to Make $12 Billion on His Bank of America Bet (B)
Pharma: Bayer shares slide as it warns on profits (FT)
Retail: Nike Confirms Partnership With Amazon (W)
Retail: ‘Spider-Man:’ A $175 Million Commercial for Disney Toys (W)

Corporate finance
The SEC is going to start letting any company file in secret for an IPO (BI)

Inside the Push to Reclaim a Texas School’s Gold Stash (W)