What I Am Reading
Friday, June 21, 2024
Markets
- Stocks are in their longest stretch without a 2% sell-off since the financial crisisCNBC
- Wall Street mixed in choppy trade as tech regains groundReuters
- S&P 500 Falls as ‘Triple Witching’ Jolts NvidiaBloomberg
- Nvidia Sheds $200 Billion in Value After Short Run as Top StockBloomberg
- Wall Street Makes a Risk-Off Pivot to Treasuries, AlphaSimplex's Kaminski SaysBloomberg
Currencies
Central banks
US I
- Far from credit crunched, US household wealth is soaringReuters
- Home prices hit record high in May as sales stallCNBC
- Housing affordability: More single-family rentals being built in U.S.CNBC
- US manufacturing output has flat-lined, dampening diesel useReuters
- US business activity inches up in June; price pressures abatingReuters
- US Services Activity Expands by Most in More Than Two YearsBloomberg
US II
Europe
- France’s Risk Premium Over Germany Closes at Highest Since 2012Bloomberg
- There's likely no such thing as 'Frexit'Reuters
- Euro zone business recovery slows sharply in June, PMI showsReuters
- Euro-Zone Activity Slows on French Vote Risk, Factory SlumpBloomberg
- Europe Has a New Economic Engine: American TouristsWall Street Journal
- U.K. Consumer Confidence Inches Up as Views of Economy ImproveWall Street Journal
Geopolitics & trade
Industries & companies
- Banks:Fed Faults Living Wills of BofA, Citi, Goldman and JPMorganBloomberg
- Tech:Apple Says Regulatory Concerns Might Prevent Rollout of AI Features in EuropeWall Street Journal