wiar 01-14-20

MFwebsite2020researchWhat I Am Reading

January 14 (Tuesday)

S&P, Nasdaq Rise to Records as Risks Abate (W)
Wall Street hits record, boosted by trade and earnings optimism (R)
The five biggest stocks are dwarfing the rest of the stock market at an ‘unprecedented’ level (C)
Forget Hedging and Yields. The Yen Is Key to Japan Buying Abroad (B)
Emerging-Market Stocks Lagged — Here’s Why They’re a Buy

Central banks
Fed’s Rosengren warns of inflation risks to central bank’s ‘almost ideal’ economic outlook (R)
Fed’s Bostic Sees No Overheating and No Reason to Raise Rates (B)
Fed on hold, but will financial risks matter? (R)
Fed’s Mission to Control Benchmark Rate May Spur Another Tweak (B)
New York Fed Paper Warns a Cyberattack on Banks Could Cause Major Disruption (W)

Global debt shattering records: IIF (R)
US budget deficit topped $1 trillion in 2019 for the first time in seven years (C)

China’s Auto Market Stumbles After 30-Year Boom (W)
US removes China from currency manipulator list ahead of trade deal signing (C)
China’s yuan was already moving higher before the U.S. said it’s no longer a currency manipulator (C)

US politics
Nancy Pelosi poised to send Trump impeachment charges to Senate for trial (R)
The Left Doesn’t Want a Biden Nomination — But It’s Split on How to Stop Him (B)

Geopolitics & trade
Here’s what’s in the phase one China trade deal Trump is signing this week (C)
How the U.S. and China Settled on a Trade Deal Neither Wanted (W)
Forewarning saved U.S., Iraqi lives from Iran’s attack (R)

Industries & companies
Financials: U.S. Insurer AXA Equitable Leaves AXA Name Behind (W)
Media: Netflix leads Oscar nominations with 24 nods—a first for a streaming service (C)

Corporate finance
Visa to acquire Plaid, the fintech powering Venmo and other banking apps, for $5.3 billion (C)
TGI Fridays plans to revamp its bars as it prepares to go public again (C)

Daily Markets Overview