* Fed’s Powell says central bank likely to raise rates further but more slowly
* US govt reviewing security concerns linked to China’s cloud computing firms
* TikTok offers an opportunities — and headaches — for companies
* Senate leader urges Congress to accelerate AI regulatory efforts
* Turkey set for steep interest-rate hike to battle inflation
* Short bets on US stocks rises to $1 Trillion, most in over a year
* Economic bellwether FedEx reports disappointing earnings
* Large value funds suffer record outflows in May:

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Technology is the strongest equity sector to date in 2023, but how you define tech matters for evaluating performance, risk and other factors. That’s tougher than it sounds because there are more than 90 ETFs in this space, according to ETFdb.com.

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* Moody’s chief economist lists 5 reasons why US may avoid recession
* Largest US newspaper publisher sues Google, alleging monopoly for online ads
* Another UK rate hike expected after inflation stays high in May
* New crypto exchange backed by Fidelity, Charles Schwab and others goes live
* India finalizes huge order for 470 planes from Airbus and Boeing
* Rivian is latest automaker to adopt Tesla’s charging plugs
* US housing starts surge in May — biggest monthly increase since 1990:

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The US economy is still on track to expand in the upcoming second-quarter GDP report, but today’s revised estimate marks a slowdown from recent nowcasts, based on the median estimate via several sources compiled by CapitalSpectator.com

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* China plans a new military training facility in Cuba–90 miles off US coast
* China cuts key lending rate for loans and mortgages to shore up slowing growth
* Bipartisan group of US lawmakers will urge US automakers to cut China ties
* China imports of Russian oil rise to highest level since Ukraine invasion
* Fed Chairman Powell will explain rate pause in Congress this week
* US homebuilder sentiment continues rebounding in June to 11-month high:

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A broad measure of commodities led returns for the major asset classes last week, based on a set of ETFs through Friday’s close (June 16). But even after a strong rally it’s still not clear that the trend for commodities is set to break out of a tight range that’s prevailed for the past year.

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* US Sec. of State Blinken meets China’s Xi Jinping in effort to reset relations
* Congress may be on a collision course with a gov’t shutdown later this year
* China economic recovery at risk due to property-sector woes
* Some economists expect China’s economy will be flat in second quarter
* Why rising interest rates may not push US economy into recession
* Ford chairman says US not ready to compete with China on electric vehicles
* Assumptions about global economy as a force for growth, prosperity are fraying
* US consumer sentiment remains low but rebounds to 4-month high in June:

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● Quantitative Asset Management: Factor Investing and Machine Learning for Institutional Investing
Michael Robbins
Summary via publisher (McGraw Hill Professional)
Whether you’re managing institutional portfolios or private wealth, Quantitative Asset Management will open your eyes to a new, more successful way of investing—one that harnesses the power of big data and artificial intelligence. This innovative guide walks you through everything you need to know to fully leverage these revolutionary tools. Written from the perspective of a seasoned financial investor making use of technology, it details proven investing methods, striking a rare balance between providing important technical information without burdening you with overly complex investing theory.

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There are many factors to consider for choosing how to weight stocks and bonds in an investment portfolio and relative yield is on the short list. By that standard, the recent surge in the 10-Year Treasury yield vs. the dividend payout rate for US equities (S&P 500) looks attractive, at least compared to recent history.

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* US Secretary of State Blinken flying to Beijing for high-stakes diplomacy
* Is it a bull market again? Maybe, but there are still risks to consider
* China economic recovery is stalling, recent indicators suggest
* Beijing planning major steps to revive the country’s sluggish economy
* BlackRock is applying to launch a spot bitcoin ETF
* US Industrial production fell in May, but manufacturing component edged higher
* US import prices fell in May, helping ease inflation pressure
* NY Fed and Philly Fed mfg indexes mixed for June with signs of optimism
* US retail sales beat expectations and rise for second month in May:

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