What we’re reading (6/17)
“Red-Hot U.S. Economy Drives Global Inflation, Forcing Foreign Banks To Act” (Wall Street Journal). “The world’s central banks are hanging on how the U.S. Federal Reserve will respond to a rise in inflation, wary of being caught in the crosscurrents of an extraordinary U.S. economic expansion. Global stock markets fell on Thursday after Fed officials signaled they expect to raise interest rates by late 2023, sooner than they anticipated in March, as the U.S. economy heats up.”
“Deep-Value ETF Report: 16 June 2021” (The Capital Spectator). “The value factor, after a long drought, is showing signs of life. Analysts continue to debate if the revival is more than short-term noise, but for the moment this corner of investing is confounding critics who claimed it was a dead strategy.”
“Jobless Claims Show Surprise Increase To Highest Level In A Month” (CNBC). “Initial jobless claims unexpectedly rose last week despite an ongoing recovery in the U.S. employment market, the Labor Department reported Thursday. First-time filings for unemployment insurance for the week ended June 12 totaled 412,000, compared with the previous week’s 375,000. That was the highest number since May 15.”
“To stop the ransomware pandemic, start with the basics” (The Economist). “A forthcoming study from London Business School (lbs) captures the trends by examining comments made to investors by 12,000 listed firms in 85 countries over two decades. Cyber-risk has more than quadrupled since 2002 and tripled since 2013. The pattern of activity has become more global and has affected a broader range of industries. Workers logging in from home during the pandemic have almost certainly added to the risks. The number of affected firms is at a record high.”
“The SEC Has Delayed Its Decision To Sign Off A Bitcoin ETF A Second Time, Citing Concerns Over Potential Market Manipulation” (Business Insider). “[T]he SEC said in a filing on Wednesday it would take more time to consult with the public. It said it would seek input from the public on the potential for market manipulation of bitcoin and, by extension, the ETF. It said it would also seek comment on whether regulation of the bitcoin market had changed in the past five years.”
