wiar 10-12-18

Mary FanslauWhat I Am Reading

October 12 (Friday)

The sell-off by the numbers: Stocks post worst 2-day stretch in eight months (C)
S&P 500 drops below key level watched by traders, signifying the bull market could be broken (C)
The Stock-Market Meltdown That Everyone Saw Coming (B)

Markets II
US stock futures open higher, pointing to rebound on Friday from this week’s massive sell-off (C)
Secular trends haven’t changed overnight, so don’t fear tech stocks, portfolio manager says (C)
Market timers say it’s still too early to jump back into stocks (MW)
In addition to the Fed, Trump can blame his tariffs for the latest market slump (C)

Credit & commodities
Junk-Bond Buyers Head for Hills, Pulling $4.9 Billion From Funds (B)
U.S. Treasury Staff Finds China Isn’t Manipulating Yuan (C)
Oil prices shed more than 5% during two-day stock market sell-off (C)

Central banks
Fed Officials See Strong Economy Justifying Interest Rate Rises (W)
Fed’s ‘glacial’ normalization not enough to cope with inflation risks: Stephen Roach (C)
Call ’em crazy, but Fed likely to keep raising rates (R)

The ‘pain threshold’ approaches for the housing market, analyst warns (MW)
Social Security Benefits to Get 2.8% Boost, Largest Since 2012 (W)

US politics
Dina Powell leaning toward staying at Goldman Sachs instead of becoming Trump’s UN ambassador (C)
Gov. Scott Walker trails, Sen. Tammy Baldwin leads in Wisconsin midterm races: NBC News/Marist poll (C)

Geopolitics & trade
Trump and Xi Plan to Meet Amid Trade Tension (W)
Trade Tensions Take a Toll on Germany’s Economy (W)
Canada sees little chance of quick end to U.S. metals tariffs: sources (R)

Corporate finance
Tencent Music will reportedly postpone IPO due to global market sell-off (C)
Lenders Make Push to Liquidate Sears (W)

When Markets Tank, Do This (W)
SEC Says Quarterly Reporting Won’t Change ‘Anytime Soon’ (W)