wiar 12-27-18

Mary FanslauWhat I Am Reading

December 27 (Thursday)

Video: Market bull Ed Yardeni predicts a 2019 to remember (C)
Daily Markets Overview

Markets I
Dow soars more than 1,050 points, its biggest point gain in history, recovering from days of losses (WP)
FAANG kicks its losing streak in post-Christmas rally (C)
Behind the Market Swoon: The Herdlike Behavior of Computerized Trading (W)
Stocks rebound after a brutal sell-off: Four experts weigh in on what’s next (C)
Pretty much everybody on Wall Street thinks the market will rally in 2019 (C)

Markets II
Dollar strengthens as U.S. stocks rebound off lows (R)
Oil surges 10% after the settle, rebounding with stocks from Christmas Eve sell-off (C)
Asian Debt Defaults Are Expected to Rise (B)
ETFs, Mutual Funds See Sudden Drop in Money Flowing In (W)
Fund Investors Pull $56 Billion in Biggest Exit Since 2008 (B)
A Hedge Fund Makes Billions Off Americans’ Underwater Mortgages (W)

Central banks
Trump’s Self-Inflicted Economic Damage Could Cause Fed to Pause (B)
Trump Has Likely Done Lasting Damage to the Fed (B)
Former Wells Fargo CEO argues markets would be down more if Fed didn’t hike this month (C)

Home-Price Growth Kept Pace in October (W)
Workers in 2018 quit their jobs at the highest rate since 2001—and probably will next year, too (C)
Holiday Retail Sales Are Strongest in Years (W)

India tightens e-commerce rules, likely to hit Amazon, Flipkart (R)

US politics
Trump says he will wait however long it takes to get border wall money as shutdown drags on (C)
Government shutdown threatens access to key economic data (NN)
Trump advisor says Fed Chair Jerome Powell’s and Treasury Secretary Steven Mnuchin’s jobs are safe (C)
Don’t Be Shocked: Trump Is Being Trump (W)

Geopolitics & trade
Trump surprises US troops in Iraq, talks shutdown and defends Syria military withdrawal (C)
U.S. trade delegation to travel to China week of January 7 for talks -Bloomberg (R)
Trump Didn’t Kill the Global Trade System. He Split It in Two. (W)
If forced to take sides, most countries would pick the US over China, says author (C)
How China Built a Steel Behemoth and Convulsed World Trade (W)

Industries & companies
Media: ‘Black Panther,’ ‘Avengers’ Top Record 2018 Box Office (W)
Retail: Retail is having its best holiday season in 6 years (C)
Retail: Retail Stocks Jump Most in 9 Years on Strong Spending Signs (B)
Retail: Department Store of the Future Gets a Radical Makeover (W)

Corporate finance
China’s JD.com Plans $1 Billion Share Buyback (W)

Selling Real Estate in Russia? Are You Crazy? (NYT)