wiar 7-07-17

Mary FanslauWhat I Am Reading

Jul 07 (Friday)

Markets
Wall Street is boldly ignoring stock market history (BI)
Everything Is Awesome! Now Is the Time to Sell (W)
Charts Getting Ominous in S&P 500 as Selloff Shakes Foundations (B)
How Do Investors Price in Nuclear Armageddon? (B)

Credit, currencies, & commodities
Surge in German Bond Yields Triggers Fresh Rout in Global Debt (B)
Gundlach Sees More Pain for Bond Bulls (B)
The Daily Prophet: Blame the French for the Latest Selloff (B)
Emerging Currencies Are in the Bull’s-Eye as More Central Banks Signal Hikes (B)
Food Prices Near 2-Year High Thanks to a Record Surge in Butter and Wheat (B)

Central banks
ECB Considered Dropping a QE Guarantee at June Meeting (W)
ECB minutes stir debate over retreat from QE (FT)
Japan Shows Europe How to Quietly Pare Stimulus (W)

US
ADP Report Shows Job Gains Slowed in June (W)
It’s Boom Times for Recruiters After U.S. Job Market Tightens (B)
U.S. Trade Deficit Narrowed 2.3% in May (W)
Goldman Economists See Drug Epidemic Taking Toll on U.S. Economy (B)

US politics
Ted Cruz’s Plan to Save Republican Health-Care Bill Gains Traction (W)

Geopolitics & trade I
Trump Says West Must Defend Its Civilization (W)
Mattis Says U.S., North Korea Not Near War After ICBM Test (B)
U.S. to Give Diplomacy More Time to Resolve North Korea Threat (W)
The Global Web That Keeps North Korea Running (W)
Trump Is Right: China Could Press North Korea on Trade (W)

Geopolitics & trade II
Trump Says Russia Interfered in Election, But May Not Have Acted Alone (W)
The Kremlin is already seizing on Trump’s comments casting doubt that Russia meddled in the 2016 election (BI)
Mexico No Longer No. 1 Buyer of U.S. Corn After Trade Tensions (B)

Industries & companies
Autos: Tesla’s Value Drops $12 Billion Ahead of Model 3 Rollout (B)
Consumer: So Long, Hamburger Helper: America’s Venerable Food Brands Are Struggling (W)
Energy: Renewables Top Nukes in U.S. Power Mix for First Time Since 1984 (B)
Energy: Buffett’s Berkshire Nears Deal to Buy Electric-Grid Giant Oncor (W)
FAAMGs: Amazon, not Google, is the most popular starting point for Americans looking to buy products online (BI)
FAAMGs: Amazon and Dish Network: A Match in the Making? (W)
Hotels: Hilton Sees Room for Growth With Low-Price Brand (W)
Tech: Qualcomm calls for iPhone ban in Apple patent case (FT)

Corporate finance
QVC to Acquire Rival HSN for More Than $2 Billion (W)

Technology
Quantum Computers Compete for “Supremacy” (Scientific American)

Offbeat
Ritholtz: The World Is About to Change Even Faster (B)