Key data releases this week include: housing starts (Tue), existing home sales (Wed), FOMC rate decision (Wed), and leading economic indicators (Thu).
MarketWatch
September 17, 2017
Business Insider
Sunday, September 17, 2017
Federal Reserve Chair Janet Yellen is expected to outline reduction of the central bank's balance sheet and possibly announce the start date after a policy meeting this week. The Fed intends to unwind quantitative easing gradually, but economists are still concerned about the effect on markets, which have grown accustomed to accommodative monetary policy.
Haver
September 14, 2017
The Consumer Price index increased 0.4% (1.9% y/y) during August following a 0.1% July uptick. It was the strongest increase since January and compared to expectations for a 0.3% rise in the Action Economics Forecast Survey. The CPI excluding food & energy gained an expected 0.2% (1.7% y/y) following four consecutive months of 0.1% rise.
Reuters
September 9, 2017
Politico Pro
Sunday, September 10, 2017
The finance ministers of France, Germany, Italy and Spain want the EU to tax revenue, rather than profit, of online giants such as Amazon and Google. As the law stands, digital corporations can shift profit to low-tax nations, such as Ireland, even though revenue is generated elsewhere in the EU.
Nikkei Asian Review
September 15, 2017
The Bank of Japan's total share holdings have exceeded those of foreign traders, making the central bank the biggest investor in the stock market. Analysts say that such a large exposure is making it difficult to determine the true market value of Japan's public companies.
Barron’s
September 18, 2017
The number of U.S. stocks shrank to 3,671 in 2016 from 7,332 in 1996, due to the high costs of public market regulatory compliance, the short-term pressures managers face from public investors, merger-and-acquisition activity, and a growing pile of private equity capital.
Barron’s
September 18, 2017
If the S&P closes September with a gain, it will be the 17th time since 1945 that the market was up in both August and September – its two most treacherous months. When this occurs the S&P has gained an average 2% in the final three months of the year.
The Wall Street Journal
September 13, 2017
A rise in bond yields that began this week might be not a blip but a developing trend that could catch investors unaware. Bond prices, buoyed by geopolitical fears and expected devastation from Hurricane Irma, are falling as realities of stagnant inflation and monetary policy set in.
Bloomberg
September 13, 2017
Investors appear to expect President Donald Trump and Treasury Secretary Steven Mnuchin to maintain tax breaks on municipal bonds. "We're not pricing in any scenario for the tax exemption to go away or be limited," said Matt Fabian of Municipal Market Analytics.
Bloomberg
September 12, 2017
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said he would fire any employee trading bitcoin for being “stupid.” The cryptocurrency “won’t end well,” he told an investor conference in New York on Tuesday, predicting it will eventually blow up. “It’s a fraud” and “worse than tulip bulbs.”

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