News You Can Use From Phil’s Stock World

Financial Markets and Economy

Why Brexit Really Is a Big Deal for the U.S. Economy (Time)

Politicians and technocrats of all stripes are trying to reassure Americans that Britain’s vote last week to leave the EU won’t affect them economically. They are wrong.

Brexit has already caused a number of dominos to fall. 

World leaders and economic experts react: Brexit is 'as significant as post-9/11' (Business Insider)

Global leaders, CEOs, and other influential figures have gathered in China for the World Economic Forum’s Annual Meeting of the New Champions, and Britain's recent decision to leave the EU was all anyone could talk about.

U.K. 10-Year Yield Drops Below 1% as Brexit Woes Mount (Bloomberg)

U.K. government bonds surged for a second day, sending yields below 1 percent for the first time on record, as the aftershocks of Britain’s vote to leave the European Union reverberated across financial markets. The securities are being supported by wagers that a worsening U.K. outlook will prompt the Bank of England to cut interest rates to help protect the economy.

Bears Are Back as Valeant Shorts Surge Most Since April (Bloomberg)

Valeant Pharmaceuticals International Inc. bears are betting the stock has further to fall. Last week, short interest as a percentage of shares outstanding spiked almost a full percentage point in one day.

Brexit has wiped $2 trillion (and counting) off global stock markets (Quartz)

At the start of the week, most global stock markets are down, but they don’t look as bad as they did on Friday, the day after Britain voted to leave the European Union.

Oil prices rise as dollar strengthens in Brexit aftermath (Market Watch)

Oil prices edged higher on Monday as global trading reopened for the week following the U.K.’s unexpected decision to leave the European Union on Friday.

China central bank says debt, financial risks under control (Reuters)

China's debt and financial risks were under control, the central bank said on Monday, adding that it would continue to implement prudent monetary policy and proactive fiscal policy.

Lagarde Says Brexit Impact Hangs on Policy Makers’ Next Move (Bloomberg)

International Monetary Fund Managing Director Christine Lagarde said that the fallout from Britain’s vote to leave the European Union hinges on what policy makers do in coming days.

Stocks are getting pounded as Brexit fears continue (Business Insider)

Stocks across the world are falling on Monday, extending the steep sell-off that was triggered after Britain voted to leave the European Union on Thursday.

Nikkei rebounds post-Brexit, leads Asian stocks higher (Market Watch)

Japanese shares rebound after getting slammed, recovering alongside most of Asia, though markets are likely to remain volatile on Brexit fallout fears.

The $100 Trillion Bond Market’s Got Bigger Concerns Than Brexit (Bloomberg)

In some ways, it really didn’t matter to Steven Major whether the U.K. voted to stay or to leave.

Brexit will bring recession … and contagion (Business Insider)

We have never seen a set of analysts notes as negative and scary as these. Prior to Brexit, economists at the major banks expected the UK to continue growing, albeit at a slower pace, into the foreseeable future. 

Creativity and Innovation: The Achilles Heel of Trading and Trading Psychology (Trader Feed)

I've spent a chunk of time this morning reading what's out there in social media regarding trading, trading psychology, and trading methods.  A lot of sites, a lot of tweets.  A lot of what I read boils down to, "Once you've found your edge, stay consistent in your mental/emotional state and in your trading practices."

Politics

Why Trump Can't Easily Replicate the Brexit's Success (The Atlantic)

American commentators have spent the weekend pondering the similarities between Britain’s vote to leave the European Union and America’s impending vote on whether to take leave it of its senses by electing Donald Trump. The similarities have been well-rehearsed: The supporters of Brexit—like the supporters of Trump–are older, non-college educated, non-urban, distrustful of elites, xenophobic, and nostalgic. 

‘Brexit’ Sparks Political Turmoil Across U.K. (Wall Street Journal)

The U.K.’s vote to quit the European Union threw the country’s political establishment into a tailspin, ensnaring its two main parties in leadership battles and fostering greater uncertainty over how Britain would disentangle itself from the bloc.

Sanders press secretary leaves campaign (The Hill)

Symone Sanders said she had finished her work with the campaign as of Sunday, Fusion reported. She said leaving the campaign was her decision.

"I just believe my time with the campaign has come to an end," she told CNN. "I'm very proud of the work we have done and am now looking forward to helping elect down-ballot Democrats and do all I can to ensure a Democrat is the 45th president of the United States."

Technology

Artificial intelligence plus common sense (Phys)

In the future, a new generation of autonomous robots is set to complete tasks autonomously, even if something unforeseeable happens. With the support of the Austrian Science Fund FWF, information technology experts in Graz are working to advance the development of artificial intelligence and equip robots with common sense.

Today’s musicians really want to be friends with you (Quartz)

Rejoice, music consumers: A golden age is upon us. The rise of streaming services allows people to play an unprecedented amount of music, immediately, for flat monthly fees that cost less than a single CD did 15 years ago. Hard not to call that an excellent deal.

Health and Life Sciences

Shampoo bottles get nano-makeover to squeeze out every drop (New Scientist)

Clean as a whistle. A plastic embedded with nanoparticles repels sludgy shampoo, so that every last drop slides easily out of the bottle. The nanoparticles are made out of cheap silica – a component of sand – so the new material could be mass produced.

How to Regrow Your Own Bones (Scientific American)

Could lab-grown bones replace tissue grafts and multiple painful surgeries? Nina Tandon is the CEO and co-founder of EpiBone, a Brooklyn-based biotech company that was chosen as one of the World Economic Forum's 2015 Technology Pioneers. Tandon is also a World Economic Forum Young Scientist who will be speaking at the Annual Meeting of the New Champions in Tianjin, China, from June 26 to 28.

Life on the Home Planet

These People UFO So Much Harder Than You (Wired)

A recent survey found that more than half of all Americans believe in aliens, an idea mainstream enough that even Hillary Clinton’s brought it up. Still, it’s hard to take seriously anyone who says he was abducted by ET.

Such stories usually bring to mind little green men with an affinity for putting probes where no one wants a probe.