wiar 06-29-19

MFwebsite2020researchWhat I Am Reading

June 29 (Saturday)

Markets
S&P 500 Posts Best First Half of Year Since 1997 (W)
By the numbers: Best June for the Dow since 1938, S&P 500′s best first half in two decades (C)
America’s Greatest Bull Market Rages on Against the Dying Light (B)
Halfway through 2019, tech leads on Wall Street (R)

Central banks
Moderate U.S. consumer spending, inflation support rate cut (R)
Opinion: Investors are nuts to think a July interest-rate cut is a slam dunk (MW)

US
U.S. Inflation Continues Recovery but Remains Below Fed Target (W)

US politics
Joe Biden loses support of top campaign fundraiser in Bay Area after comments on segregationists and Hyde amendment (C)
Trump Supreme Court pick Kavanaugh delivered the goods for conservatives (R)

Geopolitics & trade
Trump Changes His Tone on Trade at G-20 (W)
Trump, Xi set for high-stakes trade war talks in Japan (R)
After Trump threat, Vietnam says it wants free and fair trade with U.S. (R)
What you need to know about Saturday’s highly anticipated Trump-Xi meeting (C)
Here’s what every major Wall Street bank believes will happen at the Trump-Xi trade meeting (C)
Trump offers to meet Kim Jong Un at demilitarized zone that separates North and South Korea (C)

Industries & companies
Aerospace: Boeing 737 Max likely grounded until the end of the year after new problem emerges (C)
Autos: Your American Car Is Probably Not as American as You Think (Fortune)
FAANGs: Apple Shifts Mac Pro Production to China (W)
Financials: Deutsche Bank Considers Up to 20,000 Job Cuts (W)
Financials: Goldman Sachs, Ally Financial Beat the Fed to a Rate Cut (W)
Financials: U.S. banks play cat-and-mouse game with Fed on capital returns (R)

Cryptocurrency
Facebook’s Libra Cryptocurrency: How It Stacks Up to Bitcoin and PayPal (W)