TOP NEWS: Week 06/12 – 06/18

Weekend 06/17 & 06/18

Macron Wins Majority in French Parliament, Pollsters Project – Βloomberg
The Car Was Repossessed, but the Debt Remains – nyt
“Major Deflationary Disruption” Looms After Amazon Purchase Of Whole Foods – Zerohedge
Here’s what the blowoff stage of a stock market bubble looks like – businessinsider
The Pin To Pop This Mother Of All Bubbles? – Zerohedge
Amazon just spent $13.7 billion to prove once again that it’s the most dangerous company in tech – businessinsider
Trump Reports Income Of $594 Million, Net Worth Of At Least $1.1 Billion – Zerohedge
Machines now dominate stock trading and it’s having unexpected consequences – businessinsider
BANK OF AMERICA: There’s one big difference between now and the 1999 tech bubble – businessinsider

 

Friday 06/16

Relief for investors as Greece averts fresh crisis – business live – guardian

S&P Warns It May Downgrade Amazon – Zerohedge
Why Amazon is buying Whole Foods – businessinsider
NY Fed Crashes Trump’s Party, Slashes Q2 GDP Forecast – Zerohedge

Italy Approves Emergency Decree to Delay Veneto Banca Bond Payment – nyt
Grocermageddon Goes Global – Zerohedge
Is This The Chart Jeff Bezos Was Looking At When Buying Whole Foods – Zerohedge
Amazon to Buy Whole Foods for $42/Share – Bloomberg
Republicans Crack – UMich Confidence Slumps To Lowest Since Trump Elected – Zerohedge
The Fed’s 4th rate hike could challenge a popular assumption investors make about stocks – businessinsider
The Blow-Off Top Is Here: Second Largest Weekly Inflows To Wall Street In History – Zerohedge

This CAPE-beating indicator is flashing a bear-market warning – Marketwatch
Housing Starts Suffer Worst Streak Since Jan 2009, Permits Plunge – Zerohedge

BOJ upgrades view on consumption, rules out early exit from stimulus – Reuters
BANK OF AMERICA: We’ve reached ‘peak car’ – businessinsider
A predictor with a perfect track record on the American economy is moving closer to signalling a US recession – businessinsider
Big banks may have an extra $100 billion spare thanks to Trump, but it’s probably not going to go where he wants it to – businessinsider
ANZ says QE could be coming to Australia – businessinsider
Yen Falls Second Day as BOJ Caps Week of Central Bank Meetings – Bloomberg

 

 

Thursday 06/15

Markets await Bank of England rate decision and Greek debt talks – business live – guardian

China’s Holdings of U.S. Treasuries Rise to Six-Month High – Bloomberg
Snap’s stock price sinks to IPO price – Reuters
Kyle Bass still doesn’t understand why he’s getting smoked in China – businessinsider
Confused By What’s Going On In China? Goldman Answers All Your Questions – ZeroHedge

Eurogroup statement on Greece – europa
Euro zone finance ministers agree on 8.5 billion euro loan to Greece – cnbc
Nike Cutting 2% Of Global Workforce – ZeroHedge
Takata Plans to File for Bankruptcy as Soon as Next Week, Source Says – Bloomberg
Bitcoin Tumbles Most in More Than Two Years After Record Run – Bloomberg
New York Fed Soars To Highest Since Sept 2014, Philly Fed Also Beats – ZeroHedge
China foreign direct investment down for 2nd month – Marketwatch

EUR/USD a dip below 1.10 stays on the cards – Danske Bank – fxstreet

SNB Keeps Key Rate on Hold as Inflation Forecasts Trimmed – Bloomberg
FOMC: Expectations met – Westpac – fxstreet
Qatar agrees $12bn deal to buy fighter jets from US – ft
Australian Unemployment Drops to Four-Year Low, Currency Surges – Bloomberg

New Zealand’s economy makes tepid rebound – Marketwatch

 

 


Wednesday 06/14

Business Live – guardian

Economists say Fed balance sheet reduction could come as early as July – Marketwatch
Fed Reveals Balance Sheet “Normalization” Schedule: Will Reduce Reinvestments By $10BN/Month – Zerohedge

FOMC Delivers “Dovish Hike”, Lays Out Plans For Balance-Sheet Unwind – Zerohedge
Multiple People Shot, Including House Majority Whip, At Congressional Baseball Practice; Shooter Dead – Zerohedge
WTI Plunges To $44 Handle After Inventory & Demand Disappointment – Zerohedge
Q2 GDP In Trouble As Business Inventories Tumble In April – Zerohedge
Retail Sales Tumble Most Since January 2016 As Gasoline, Electronics Sales Slump – Zerohedge
Goldman Revises FOMC Forecast After Third Consecutive CPI Miss – Zerohedge
Consumer Price Growth Plunges To 27-Month Lows As Shelter Inflation Rolls Over – Zerohedge
European employment rises 1.4% to hit record levels – bbc
ECB Frets Over Bond Purchases With Year-End Deadline in Mind – Bloomberg
Jeff Gundlach sees trouble, says traders should raise cash ‘literally today’ – cnbc

 

 

Tuesday 06/13

Business Live – guardian

Kocherlakota says Fed shouldn’t hike rates in June — and it should grow, not cut, the balance sheet – Marketwatch
Dow closes at record high as tech shakes off 2-day slide – cnbc

The Hottest Industry Right Now Is Storing All Your Stuff – Bloomberg
Oil Prices Suffer First ‘Death Cross’ Since 2014 Collapse – Zerohedge

Barclays Upgrades and Downgrades Same Company — On Same Day – Bloomberg
Felix Zulauf: “Today Feels Like Late 1999; I Expect FANG Stocks To Fall 30% Or 40%” – Zerohedge
The Global Economy Is Rebounding, But There’s One Big Problem – Bloomberg
Citigroup Stumbles As CFO Warns Of Second Quarter Slump In Trading Revenues – Zerohedge
‘Vampire’ ETFs Are Causing Bank Stocks to Move in Lockstep – Bloomberg
A Record Number Of Market Participants Says The Market Is Overvalued, Surpassing 1999 Bubble Highs – Zerohedge
Bill Gross: “All Markets Are Increasingly At Risk” – Zerohedge
Major Technology ETF Sees Biggest Outflows Since 2007 – Bloomberg
Core Producer Prices Rise At Fastest Pace In 3 Years, Above Fed Mandate – Zerohedge
German Investor Confidence in Economy Unexpectedly Declines – Bloomberg
ECB Said to Be Unlikely to Include Greece in QE in Coming Months – Bloomberg
What’s next for technology stocks — bloodbath or bliss? – Marketwatch
Loonie Extends Rally as Funds Cover Shorts on BOC Comments – Bloomberg

 

 

Monday 06/12

Business Live – guardian

Apple downgraded by Mizuho, the second ratings cut in a week – Marketwatch
Debt limit would need to be hiked by October or November, analysis says – Marketwatch

U.S. Bears Return to China With Shorts Circling $6 Billion ETFs – Bloomberg
Italian Bond Yields Plunge To 5-Month Lows After Anti-EU 5-Star Party Flops In Local Elections – Zerohedge

Turkey Growth Beats Estimates on Government Spending Boost – Bloomberg
Just Five Stocks Account for Nearly 75% of the Nasdaq’s Plunge – Marketwatch
Traders Are Buying The Most Nasdaq Downside Protection Since Lehman – Zerohedge

Viking Returns $8 Billion To Investors As CIO Departs – Zerohedge
Bitcoin Triples the Since Start of Year to Flirt With $3,000 – Bloomberg

Pound Extends Drop as U.K. Political Chaos Adds to Brexit Stress – Bloomberg
Key Events In The Coming Busy Week: Fed, BOJ, BOE, SNB, US Inflation And Retail Sales – Zerohedge

Pakistan Stocks Fall Most Globally as Sharif to Appear for Probe – Bloomberg
These Asian Markets Are Exposed After FANG Selloff – Bloomberg

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