Dr. Ed's Blog

Jun 19 (Monday)

Markets
Market Turns Upside-Down as Go-Go Tech Stocks Join Slow-Mo Funds (W)
Is Your ETF Portfolio Overstuffed With Tech? (BR)
The Case for Buying Inflation Protection Now (BR)
Bond Yields Are Going Up, Right? Not So Fast. (BR)

Europe
French President Macron Set for Convincing Victory in Parliamentary Elections (W)
Electoral victory will make France’s president a potent force (E)
Le Pen Wins Seat in French Assembly, Saving Her Political Career (B)
Greece Gets a Break in Its Seven-Year Drama (B)

China
China’s Answer to the World Bank Pledges to Do More by Itself (B)

Emerging
Prudential Details EM Megatrends for Next Decade (BR)

US politics
Trump Lawyer Denies President Is Under Investigation (W)
State Officials to Testify on Possible Russian Involvement in 2016 Election (W)
Nevada’s Governor Vetoes ‘Medicaid for All’ Insurance Plan (W)

Industries & companies
Airlines: Boeing Considers Spreading Wings With New Plane (W)
Airlines: Airbus Adds Cost-Saving Upgrades to A380 to Boost Sales (B)
Amazon: Amazon Said to Plan Cuts to Shed Whole Foods’ Pricey Image (B)
Amazon: Amazon and Whole Foods: Is This a Grocery Apocalypse? (BR)
Financials: The Outlook for Bank Stocks Brightens (BR)
Financials: Big banks poised to step up payouts to shareholders (FT)
Industrials: General Electric Shares Could Return 15% (BR)

Geopolitics & cybersecurity
Top North Korean Nuclear Negotiator Secretly Met With U.S. Diplomats (W)
Iran’s Revolutionary Guard Strikes Syria for Tehran Attacks (B)
Trade War Risks From ‘National Security’ Tariffs (W)
Why Some of the Worst Cyberattacks in Health Care Go Unreported (W)

Technology
Robots Rise in the Old World (BR)

Offbeat
Can Animals Predict Earthquakes? Italian Farm Acts as a Lab to Find Out (N)

Jun 17 (Saturday)

Markets
Retail Stocks Slide in Wake of Amazon’s Deal for Whole Foods (W)
Amazon Just Erased $32 Billion From Its Competitors’ Market Caps (B)
Investors pour $30bn into global ETFs (FT)
Fed sides with reflationists as bond battle resumes (FT)

Commodities & currencies
A Signal from the Options Market: Oil’s Rout Isn’t Over (W)
Crude oil glut frustrates Opec’s price control moves (FT)
Big Oil Firms Are Exploring a New Frontier in Shale: Profits (W)
Dollar Declines Amid Disappointing Housing, Sentiment Data (B)
Dollar struggles to hold Fed-driven advance (FT)

Central banks
Fed should be cautious on further rate hikes, Kaplan says (R)
Here’s how the Fed’s rate hike will impact fixed income (BI)

US
Don’t Underestimate This U.S. Expansion: It’s Headed to a Record (B)
U.S. housing starts hit eight-month low; building permits weak (R)
U.S. Housing Starts Fall for Third Consecutive Month in May (W)
U.S. Consumer Sentiment Declined in Early June (W)
The U.S. Is Where the Rich Are the Richest (B)

Europe
ONS data shows UK tourism booming since Brexit (BI)

China
Defining moment for investors looms as MSCI rules on China (FT)
China’s Monetary Policy Zigs Where U.S. Zags (W)
A deal too far for China’s Anbang (FT)

Japan
Bank of Japan Holds Fire as It Faces Calls for Exit Strategy (W)

US politics
Post-Election Bump in Americans’ Confidence Deflated by Politics (B)
Trump Announces Rollback of Obama’s Cuba Policy (W)
Trump effect weighs on Georgia’s congressional race (FT)
Trump likely to nominate former Senate aide Peirce for SEC (R)
Trump confirms he is being investigated over Comey dismissal (FT)

Industries & companies
Energy: The Energy Industry Is Near a Big Tipping Point (B)
Financials: CenturyLink Is Accused of Running a Wells Fargo-Like Scheme (B)
Industrials: The $31 Billion Hole in GE’s Balance Sheet That Keeps Growing (B)
Media: Facebook takes on TV and YouTube with long-form video push (FT)
Tech: Google Faces Record EU Antitrust Fine (W)

Geopolitics & trade
The New Cold War Pits a U.S. General Against His Longtime Russian Nemesis (W)
Russia says it may have killed Isis leader in Syrian air strike (FT)
North Korea outraged about new sanctions (BI)
U.K. Says North Korea Behind WannaCry Cybertattack (W)
U.S. Exports to Mexico Fall as Uncertainty Over Nafta Lingers (W)

Corporate finance
Amazon to Buy Whole Foods for $13.7 Billion (W)
Amazon Buys Whole Foods: What You Need to Know (W)
Amazon Targets Your Fridge With Whole Foods Purchase (B)
Wal-Mart in the Crosshairs of Amazon’s Takeover of Whole Foods (W)
Neuberger Berman Expects Bidding War for Whole Foods After Amazon Deal (W)

Offbeat
I get $1,000 a month in basic income — here are the biggest benefits (BI)
Hawaii the first US state that to officially evaluate basic income (BI)
Why More States Are Killing Estate Taxes (W)

Jun 16 (Friday)

Markets
Nasdaq Composite on Track for Fourth Decline in Five Sessions (W)
FANG stocks rule the stock market right now. (BI)
The U.S. Stock Market Belongs to Bots (B)
Bond Strategists Ponder Fed Policy Error as Market Gauges Tumble (B)
Dollar extends post-Fed meeting rally (FT)
Bitcoin Is Experiencing Its Biggest Plunge in More Than Two Years (B)

Central banks
The Fed lays out its plan to unwind its massive $4.5 trillion balance sheet (BI)
Janet Yellen banks on an aggressively passive strategy (FT)
Investors wary of Fed’s newfound assertiveness (FT)
Tumbling US inflation expectations challenge the Fed (FT)
What’s Good for Consumers Is Creating Noise for the Fed (B)
Fed Forecasts at Odds With Trump Administration’s Growth Target (W)

US
U.S. Industrial Production Unchanged in May (W)
Decline in U.S. Factory Output Shows Manufacturing Leveling Off (B)
Weaker U.S. Homebuilder Sentiment Signals Optimism Easing (B)
Temperature of U.S. Economy Running Cooler Than Forecast (B)
Paying young Americans to learn the right skills (FT)

Europe
Merkel’s Re-Election Race Tightens in German Forecasting Model (B)
Greece and Creditors Reach Deal (W)
Macron heads for EU clash on foreign takeovers (FT)

US politics
Mueller Probe Examining If Trump Obstructed Justice (W)
Trump Signs Order Seeking to Expand Apprenticeship Programs (W)
Trump Attacks ‘Bad and Conflicted People’ Leading ’Witch Hunt’ (W)

Geopolitics
Berlin anger at US move to tighten Russia sanctions (FT)

Industries & companies
Energy: Solar Power Will Kill Coal Faster Than You Think (B)
Financials: Bank of America’s Profits Caught Between Fed and 10-Year Treasury (W)
Financials: If Trump Unlocks $2 Trillion at Banks, Here’s Who May Get It (B)
Food: Nestlé Exploring Sale of U.S. Candy Business (W)
Food: Hain Celestial Faces Deadline: Report Earnings or Be Delisted (W)
Retail: Kroger Shares Slide as Grocer Is Battered by Price Fight (W)
Tech: Why Short Sellers Hunger for Apple (W)
Tech: Facebook Boosts A.I. to Block Terrorist Propaganda (W)
Tech: The Top 25 Tech Companies to Watch (W)

Corporate finance
Dow-DuPont Wins U.S. Antitrust Nod to Create Chemicals Giant (B)
Snap Shares Bounce Back After Sinking to IPO Price (B)

Technology
Amazon Alexa: The Promise vs. the Reality of a Voice-Controlled Home (W)
China Makes Leap Toward ‘Unhackable’ Quantum Network (W)
U.S. Invests $258 Million in Supercomputing Race With China (W)

Offbeat
Trump Orders Government to Stop Work on Y2K Bug, 17 Years Later (B)
Jack Ma’s Libertarian Talk Approaches Red Line (B)

Jun 15 (Thursday)

Markets
Blockbuster first-quarter earnings were ‘as good as it gets’ (BI)
Investors Love European Stocks—Now They Love the Euro Too (W)
Asia tech leads emerging market equities surge (FT)
Popular 401(k) Funds Are Packed With Tech Stocks (B)
Portfolio Managers Are Holding Record Levels of Corporate Debt (B)

Oil
Oil Tumbles to Lowest Since November as Gasoline Supplies Surge (B)
OPEC Stumbles in Face of Oil Glut (W)
Iraq Is New Oil King, Beats Saudis in Fastest Growing Market (B)
It’s Getting Snarky in the Oil Market (B)
US shale will power global oil supply, says IEA (FT)
Saudi Aramco IPO Plans Slowed Over Where to List (W)

Central banks I
Fed Lifts Rates, Sets Out Plan to Shrink Assets (W)
Parsing the Fed: How the June Statement Changed From May (W)
Addendum to the Policy Normalization Principles and Plans (FRB)
Statement Regarding Overnight Reverse Repurchase Agreements (FRB-NY)
Here’s the new Fed dot plot (BI) | SEP (FRB)

Central banks II
Shhh…The Bank of Japan Is Buying Fewer Bonds (W)
Yellen Deflects Question on Whether She Would Stay on at Fed (B)
Here’s why a Fed rate hike doesn’t matter for housing (BI)

US
US retail sales post biggest drop in 16 months (BI)
Consumer prices fell more than expected in May (BI)
GDPNow model forecast for real GDP growth (saar) in Q2’17 is 3.2%, up from 3.0% (FRB-ATL)
Small Business Optimism Continues Remarkable Surge (NFIB)

Europe
Eurozone employment finally passes pre-crisis peak (FT)

China
China’s Economic-Growth Revamp May Be Working (W)
China’s economy is chugging along nicely, but its property market may be cooling (BI)

US politics
Lawmakers’ Security Concerns Were Rising Even Before Scalise Shooting (B)
Trump Administration to Revise Rules on For-Profit Colleges (W)
Apprenticeships Aren’t Just for Welders Anymore (W)
Gundlach Says D.C. Establishment Wants to ‘Wait Trump Out’ (B)

Geopolitics & cybersecurity
Tillerson threatens sanctions for N Korea ties (FT)
Germany Builds an Election Firewall to Fight Russian Hackers (B)
Three US bank chiefs fall victim to email prankster (FT)

Industries & companies
Autos: IBM to Help BMW Ride on the Cloud (W)
Energy: Renewables Provided a Record 10% of U.S. Power in March (B)
Financials: Online lenders haven’t been verifying income and employment on their loans (BI)
Financials: Goldman Set Out to Automate IPOs and It Has Come Far, Really Fast (B)
Retail: How Zara Is Defying a Broad Retail Slump (W)
Tech: Analyst Says It’s Time for Tesla to Start Worrying About Apple’s Car Ambitions (B)

Offbeat
Visualizing the Jobs Lost to Automation

Jun 14 (Wednesday)

Markets
U.S. Stocks Boosted by Tech (W)
A Record Number of Investors Say Stocks Are Overvalued (B)
Major Technology ETF Sees Biggest Outflows Since 2007 (B)
Tempted to Buy the Dip in Tech Stocks? History Suggests Patience (B)
Hidden in Plain Sight: A Powerful Way to Beat the Market (W)

Oil
Saudi Arabia Cuts U.S. Oil Exports to Ease Supply Glut (W)
Electricity’s Latest Evangelist: One of the World’s Largest Oil Companies (W)
These Five Charts Show the Seismic Shifts Happening in Global Energy (B)

Central banks
Editorial: The Fed Needs to Explain Its New Normal (B)
Why China no longer fears the Fed (FT)
White House to Start Planning for Its Fed Chief; Could It Be Yellen? (W)
A Brief History of the Federal Reserve’s Independence (W)

US
Six-Figure Earners Are a Growing Share of U.S. ‘Gig’ Workforce (B)
One More Reason for the Productivity Slowdown? Credit Conditions (W)
Social Security Disability Rate Rose while Unemployment Declined (FRB-SL)

Emerging
The Global Economy Is Rebounding, But There’s One Big Problem (B)

US politics I
Don’t be fooled, Trump’s budget is still very much alive (Brookings)
GOP Lawmaker Floats 5-Year Phase-In of Border Adjustment Tax (W)
Senators Say Trump’s Planned State Department Cuts won’t Pass (W)
Mattis Takes Aim at Congress for Military-Spending Shortfalls (W)
Senate Republicans Push to Reach Health Deal (W)

US politics II
Sessions: Talk of Russia Collusion Is ‘Appalling’ (W)
Trump Can’t Fire Special Counsel Mueller, Rosenstein Says (B)
Trump demands apology from ‘Fake News’ media in raging morning tweetstorm (BI)

Geopolitics
Senate Draws Up Bill to Impose More Sanctions on Russia (W)

Industries & companies
FAANGs: Tim Cook Says Apple Is Focusing on an Autonomous Car System (B)
Financials: Where Banks Win Big Under the Mnuchin Plan (W)
Industrials: In GE Shakeup, the Return of GE Capital (W)
Media: Time Warner Cable Changes Its Name, and Suddenly People Love It (B)
Telecom: Verizon Launches New Ad and Content Unit as Yahoo Deal Closes (W)

Corporate finance
These 50 Companies Are Holding the Biggest Piles of Overseas Cash (B)

Offbeat
Bitcoin Is Helping the Pot Business Get Over Its Banking Problem (B)

Jun 13 (Tuesday)

Markets
Tech Selloff Doesn’t Mean Investors Have Given Up on the Bull Market (B)
Just Five Stocks Account for Nearly 75% of the Nasdaq’s Plunge (B)
U.S. Stocks Still Best for Vanguard Founder After 400% Gains (B)
Politics Split Prompts Investors to Buy Italy and France, Sell Britain (W)
The Snowballing Power of the VIX, Wall Street’s Fear Index (W)
SoftBank’s Son uses rare structure for $93bn fund (FT)

Central banks
Fed Finds Foe in Financial Markets (W)
Fed rate rise in June could be all for 2017 (FT)

US
GDPNow in Q2’17 is 3.0% on 6/9, down from 3.4% on 6/2 (FRB-ATL)
Subprime Auto Bonds From 2015 May End Up Worst Ever, Fitch Says (B)
Subprime Auto Has ‘Credit Issues,’ Top ABS Analyst at BofA Says (B)
U.S. Budget Deficit Widens (W)

Europe
U.K.’s May Faces Pressure to Soften Brexit Approach (W)
May apologises to colleagues for election disaster (FT)
Brussels insists on power over euro clearing (FT)
Le Pen’s National Front Loses Big in France (W)
Italian bonds rally to 6-month high after Five Star setbacks (FT)
Subordinated debt at small Spanish banks feels the heat (FT)

China
China Data Seen Showing Consumers Steady, Factories Downshifting (B)
Communist Party Pushes China’s Internet Censors to ‘Ensure Political Security’ (W)
Chinese government bonds stir up investor interest (FT)

Japan
Abe Has to Run to Keep Up as Demand for Childcare Grows in Japan (B)

Emerging
Millions of Indian Businesses Are Trying Something New: Paying Taxes (W)

US politics
Attorney General Jeff Sessions to Testify Publicly on Tuesday (W)
Secret Service Has No Records of Any Taping in Trump White House (W)
Ivanka Trump Says She Was Surprised by ‘Viciousness’ in Washington (W)

Geopolitics
U.S. Weighs Sanctioning Chinese Entities Over North Korea (W)
Asia and Europe to bear burden of US protectionism (FT)

Industries & companies
FAANGs: Facebook Feature to Allow Subscriptions to News Publications (W)
Financials: Trump Administration to Call for Modest Changes to Banking Rules (B)
Health Care: Iowa Asks U.S. for Obamacare Help Facing ‘Collapse’ of Market (B)
Industrials: Immelt Successor to Take Broad Review of GE’s Businesses (W)
Industrials: Meet the Next CEO of General Electric: John Flannery (W)
Industrials: GE’s Challenge: Bring Good Things Back to Life (W)
Media: Fox Tries to Gain Leverage Over Affiliates on Live Streaming (W)
Tech: Microsoft’s Xbox One X Will Cost $499 (W)

Corporate finance
Big US pharma dealmaking plunges to five-year low (FT)
J. Crew May Offer a Debt Swap to Buy More Time for Turnaround (B)

Technology
The Electric, Driverless Revolution Is About to Hit the High Seas (B)
Bitcoin Monday: At Record to Down 10% Before You Got Out of Bed (W)

Offbeat
Can a Single Injection Conquer PTSD? The Army Wants to Find Out (W)
Fight the Illegal Opioid Crisis, Too (B)

Jun 12 (Monday)

Markets
Cost of ‘Black Swan’ bet hits post-crisis low (FT)
Bonds, Stocks Diverge on Economic Forecasts (BR)
Vanguard’s Bogle Says Ignore the Crowd, Stick to U.S. Securities (B)
Prophets of Doom With Too Much Gloom (B)
Forget the FANGs: The ‘Sunrise’ Stocks Are Doing Better in Japan (B)
How to Make Sector Bets Abroad (BR)

Credit, currencies & commodities
Municipal Bonds Are Hot, but Credit Risks Loom (BR)
Hedge Fund Delivers 19% Return by Betting Only on Safest Bonds (B)
When Currencies Fall, Export Growth Is Supposed to Follow—Until Now (W)
Oil Market Abandons Hope of Re-Balancing This Year (B)
Palladium Rally Could Hit a Wall (BR)

Central banks
Fed’s Effort to Guide Markets Falls Short (W)
Poor inflation readings unlikely to deter Fed (FT)
Economists See a Strong Chance of Second Term for BOJ’s Kuroda (B)

Europe
Do not exaggerate the election effect on Brexit (FT)
May Faces Post-Election Disquiet (W)
Macron Set for Majority in Assembly After First-Round Vote (B)
A state bail-out of Monte dei Paschi draws near (E)

China
To rule China, Xi Jinping relies on a shadowy web of committees (E)

US politics
Trump Slams ‘Cowardly’ Comey as Sessions Offers to Testify (B)
Trump Slams Comey’s Memo Leak (W)
Trump Knows Exactly What He’s Doing: Tom Barrack on the President (B)
You’re Hired: Trump Plans to Build U.S. Workforce With Apprenticeships (W)
Before Repeal and Replace, Kentucky Is Dismantling Health Law (W)

Geopolitics & terrorism
US uneasy as South Korea tilts towards China (FT)

Industries & companies
Energy: Energy Shares Could Soon Heat Up (BR)
FAANGs: The Day Tech Stocks Tanked (BR)
FAANGs: Apple shares slam into reverse in tech sell-off (FT)
FAANGs: 3 Places to Find FANG Alternatives (BR)
FAANGs: Nvidia could shunt Netflix out of the Faangs (FT)
Financials: Three Banks Worth a Bet (BR)
Pharma: AstraZeneca CEO warns of ‘setback’ if new drug fails (FT)
Tech: Can Apple’s Siri Outsmart Amazon’s Alexa? (BR)

Corporate finance
Post-IPO Firms Return to Market Faster Than Ever (W)
Activist Investors Lose Their Way (BR)

Offbeat
‘Flash Boys’ Heroes Are Far From Reshaping U.S. Stock Market (W)
Opioid Crisis Muddles Health Push (W)

Jun 10 (Saturday)

Markets
We’re in a bull market plagued by ‘recurring anxiety attacks,’ strategist Ed Yardeni says (C)
Tech Selloff Wrecks Record Day for U.S. Stocks (B)
Global markets unfazed by UK election result (FT)

Credit, Commodities & Currencies
Flows Show That Bond Bears Just Capitulated, Says Bank of America (B)
Best Commodity of 2017 Is One of the Smallest Metals Markets (B)
For the Pound: Three Scenarios (W)

Central banks
Central Banks Poised to Start Rowing in One Direction Again (B)
The Role of Expectations in Monetary Policy (Kuroda, BOJ)

US
Survival of US profitability miracle depends on wages (FT)
The Amount of Your Compensation Going Toward Benefits Keeps Rising (W)

Europe
Eurozone bulls grow in confidence (FT)
How Theresa May’s Snap Election Delivered Britain a Hung Parliament (B)
U.K.’s Theresa May Seeks Allies to Stay in Power (W)
EU Urges U.K. to Start Brexit Talks as Soon as Possible (W)
Catalonia sets date for independence vote from Spain (FT)

US politics
Trump Announces Councils to Speed Up Infrastructure Projects (W)
Republicans Push Paul Ryan to Back Off Border-Tax Idea (W)
Ritholtz: Trump’s Economic Agenda Is Almost Dead (B)
Trump Says He’d Testify That Comey Lied About Demand for Loyalty (B)
GOP Lawmakers Stick With Trump (W)
Comey Hearing Highlights Capital Culture Gap (W)
This Case Shows How Comey Felt About Obstruction as a Prosecutor (B)

Geopolitics & terrorism
Trump Commits to NATO’s Common-Defense Provision (W)
Tillerson Calls on Arab States to Ease Qatar Blockade (W)
London Attacker Wasn’t Hiding in Plain Sight—He Wasn’t Even Hiding (W)
North Korea Dreams of Turning Out the Lights (W)

Industries & companies
Financials: Fiduciary Rule Is Now (Partially) in Effect (W)
Materials: Glencore counterbids for Rio’s Australia coal assets (FT)
Retail: Talks to Combine Neiman Marcus and Saks Have Stalled (W)
Tech: Yuri Milner: Online Spending Will Fuel World-Wide Growth (W)

Technology
Asian Tech Firms Look to Climb Out of Silicon Valley’s Shadow (W)
The U.S. Is Ahead of China in AI Innovation—for Now (W)
U.S. Tech Companies Are Now Copying Chinese Peers (W)
SoftBank to Buy Two Pioneers in Advanced Robots (W)

Offbeat
Drug Gangs Open an Online Chinese Connection for Opioids (W)
FDA Could Act to Pull More Opioid Pain Pills From the U.S. Market (B)
Overseas Medical Schools Offer Remedy for Shortage of U.S. Doctors (W)
Puerto Rico to Vote Sunday on Statehood (W)

Jun 09 (Friday)

Markets
Stocks Notch Slight Gains as Financial Shares Climb (W)
Why Stock Pickers Are Having a Good Year: Tech Giants (W)
Goldman Sachs Mulls the Death of Value Investing (B)
Death of Value? ETFs Show Strategy Favored Over Growth: Chart (B)
Junk bond investors win rare victory over covenants (FT)

Central banks
ECB Drops Reference to Future Interest-Rate Cut (W)
ECB rules out rate cut but confirms QE continues (FT)
Draghi Says ECB Needs Patience as Inflation Stays Subdued (B)
Kuroda Says Japan Still a ‘Long Way’ From Meeting Inflation Goal (B)
Phasing out QE challenges Fed and Treasury (FT)

US
U.S. Household Net Worth Climbs to $94.8 Trillion (W)
Jobless Claims in U.S. Resume Decline Amid Tight Labor Market (B)

Europe
Eurozone Economy Grows at Fastest Rate Since 2015 (W)
Spain’s Wounds Run Deep as Economy Retraces Crisis Losses (B)
Pound falls after UK exit poll shows hung parliament (FT)
How the UK election result affects Brexit (FT)
Elections in U.K. and France Reveal Diverging EU Paths (W)

China
What You Need to Know About China’s Booming Internet (W)
China’s Kingmakers Tangle Over the Internet of Everything (W)

US politics
Comey and Trump Accuse Each Other of Lying in Wake of Hearing (B)
Comey stages command performance in Trump’s drama (FT)
Comey: I Felt Directed to End Probe (W)
Comey Shared Memos Hoping to Prompt Naming of Special Counsel (W)
Trump Lawyer Disputes Claims (W)
How the Comey Relationship Turned Into a Problem for Trump (W)
House Set to Pass Bill That Rips Up Post-Crisis Bank Rules (B)

Geopolitics
Qatar Crisis Turns Into Proxy Battle of Mideast Rivals (W)
U.S. Pilot Shoots Down Armed Drone in Syria (W)

Industries & companies
Financials: Wells Fargo’s New Mission: Growth, Not Scandal (W)
Financials: JPMorgan Loses Another Possible Dimon Successor (B)
Retail: Nordstrom Family Weighs Taking Retailer Private (W)
Tech: Uber in Talks to Acquire Team of Car-Parking Startup Luxe (W)
Telecom: Verizon to Cut 2,100 Jobs at Yahoo, AOL After Merger (W)

Offbeat
Democracy Never Faced a Threat Like Facebook (B)
These Companies Stand to Gain the Most From the Cryptocurrency Rush (B)

Jun 08 (Thursday)

Markets
5 Big Tech Stocks Build Market Euphoria, and Jitters (N)
Spring Rally in Stocks, Bonds, Gold Unnerves Investors (W)
Slide in Energy Shares Caps Gains in U.S. Stocks (W)
Cash-rich companies are king in the stock market right now (BI)
Bill Gross Says Market Risk Is Highest Since Pre-2008 Crisis (B)

Oil
Oil Plunges on Inventory Data (B)
U.S. Oil Exports Double, Reshaping Vast Global Markets (W)
Iraqi Oil Floods Into U.S. After Saudi Arabia Cuts Back (B)

Credit & currencies
China’s Back at the US Treasury Counter (B)
Euro Is Nothing But a Flow Show and Analysts Are Getting Worried (B)
Bitcoin’s Valuation Is Confusing Currency Analysts (B)

Central banks
ECB Said to Cut Inflation Outlook After Energy Prices Slide (B)
OECD Calls for ECB Taper, Cuts U.S. Growth Forecasts (W)

US
Is it finally time for a raise for American workers? (FT)
Hospitality Job Openings Surge: Growth or Retreat From Undocumented Labor? (W)
Millions of Young People Shut Out of the Housing Market (W)

Europe
In U.K. Vote, Many Investors Want the Tax-Raising Socialist (W)
France’s Macron set for biggest majority since De Gaulle: poll (R)
Santander takes over ‘failing’ Banco Popular after EU acts (FT)

China
Not Just the FANGs: China’s Tech Rally Has More Bite (W)
China Market Squeeze Starts to Strangle Small Businesses (W)

Emerging
Storm clouds loom over emerging market growth (FT)

US politics
Hatch Optimistic on GOP Tax Agreement But No Answer Yet on Rates, Revenue (W)
Trump Told Comey, ‘I Expect Loyalty,’ Ex-FBI Head to Say (W)
Comey Says Trump Asked Him to End FBI Probe Into Flynn (B)
Intelligence Chiefs Won’t Say if Trump Asked About Russia (W)
Trump scandals worse than Watergate, former head of US Intelligence says (FT)

Geopolitics
China’s Military Ambitions Likely Extend Beyond Asia, Pentagon Says (W)
China Criticizes Pentagon Report, Laments U.S. ‘Cold War Mentality’ (W)
Mnuchin: China Bilateral Investment Treaty ‘On Our Agenda’ (W)
South Korea suspends US missile shield deployment (FT)
Turkey throws weight behind Qatar in Gulf showdown (FT)
Saudi Arabia Tells Banks Not to Increase Qatar Exposure (B)
Trump’s Qatar Curveball Makes Tillerson Improvise Policy Again (B)

Terrorism
ISIS Claims Deadly Assault on Iran Parliament (W)
U.S. May Expand Laptop Policy to Flights From 71 More Airports (B)

Industries & companies
Autos: Electric Car Sales Are Surging, IEA Reports (B)
Financials: Goldman Sachs boost rates for savers in bid to attract deposits (BI)
Health Care: Insurer Anthem’s Ohio Exit Ups Ante for GOP (W)
Tech: How Apple’s Siri Lost Its Edge (W)

Offbeat
LeBron James’s Media Empire Is Out Front (Even If His Team Isn’t) (W)
Think Your LIRR Commute is Getting Worse? You’re Right (W)