wiar 8-02-17

Mary FanslauWhat I Am Reading

Aug 02 (Wednesday)

Markets
Dow Industrials Make Run at 22000 (W)
Lessons for devotees of this epic bull run in stocks (FT)
Wall Street Is Mapping Stock Trades for a Post-Bond Bubble World (B)
August May Be When Stocks’ Low-Volatility Streak Finally Ends (B)

Funds
What Impact Is Passive Investing Having on the Market? Try None (B)
[Passive investing] makes hitting earnings more crucial than ever (BI)
Pimco Has a Manager Who Tops Dan Ivascyn. His Name? Dan Ivascyn (B)

Currencies & credit
Weak dollar sharpens appeal of US corporate debt (FT)
How Risky Loans Are Kept Afloat in Alphabet Soup (W)

Central banks
Fed Neutral Rate Estimate Drops, Lowest in Over Two Years (B)
Atlanta Fed Taylor Rule Utility Updated (FRB-ATL)

US
Inflation Tame in June, Complicating Fed’s Rate Decision (W)
U.S. Factory Activity Continued to Expand in July (W)
Americans’ Spending Barely Grew in June as Incomes Stagnated (B)
There are 2 big reasons your pay isn’t going up (BI)

Europe
Eurozone Economy Speeds Up, Boosting Case for ECB Taper (W)
Brexit projected to push up UK banks’ costs by 4% (FT)
In a Twist, Investors Find Safety in Spain’s Property Market (W)

China
China’s Manufacturing Gauges Offer Mixed Messages (W)

US politics
Senate Republicans Want to Move Past GOP-Only Health-Care Debate (B)
Senate Democrats Lay Out Conditions for Working With GOP on Tax Policy (W)
Kelly faces outsized family presence in White House (FT)
Kelly seeks White House order as Scaramucci ousted (FT)

Geopolitics & cybersecurity
U.S. would like dialogue with North Korea at some point: Tillerson (R)
Medical device makers wake up to cyber security threat (FT)

Industries & companies
Airlines: North America’s Best Airline Stock Is Also the Cheapest (B)
Autos: Car Makers Report Steep Sales Fall (W)
FAANGs: Investors Look to Apple Earnings for Clues on Next Phone (W)
Financials: Banking Regulator to Take First Step Toward Changing Volcker Rule (W)
Pharma: Pfizer hits pause on deals amid US tax uncertainty (FT)
Retail: Under Armour Loses Its Footing (B)
Retail: Etsy’s Painful Lesson: It’s a Retailer, Not a Tech Startup (W)
Technology: Sony Profit Surges, Boosted by Strong Sales (W)

Corporate finance
Sprint Says a Merger Decision Is Near (W)

Offbeat
VW’s CEO Knows the Future Is Electric—His Company Isn’t So Sure (W)