Be in the know. 18 key reads for Wednesday…

  1. AI Rally Triggers Best Run In Global Momentum Stocks On Record (zerohedge)
  2. How AI compares to 11 other capital-spending explosions: When they bust – and boom again (marketwatch)
  3. Don’t Count Out the Consumer —or Consumer Stocks—Yet (barrons)
  4. Conference Board Consumer Expectations Hit YTD Highs, Inflation Fears Dip In May (zerohedge)
  5. Can GLP-1 drugs save the mall? (ft)
  6. U.S. Home Price Growth Slowed in March (wsj)
  7. Over Half Of America’s Largest Cities Are Seeing Home Price Declines (zerohedge)
  8. Alibaba’s new AI model scores higher than OpenAI, Google rivals in coding ranking (scmp)
  9. US Says Process to Form China Board of Trade to Start Shortly (bloomberg)
  10. China industrial profits jump 24.7% in April, fastest gain in over two years despite headwinds (cnbc)
  11. Yardeni sees global stocks outperforming U.S. on hopes conflict is nearing end (streetinsider)
  12. Tencent links PayPal to WeChat Pay network, enabling US users to spend across China (investing)
  13. Temu-Owner PDD’s Revenue Misses as China Competition Persists (bloomberg)
  14. Dentsply Sirona expands distribution partnership with Nashville Dental (investing)
  15. Papa Johns partners with Disney and Pixar for Toy Story 5 promotion (investing)
  16. Europe Car Sales Rise for Third Straight Month on EV Demand (bloomberg)
  17. Barclays upgrades GXO Logistics stock rating on margin outlook (investing)
  18. Target and 6 Other Dividend Stocks to Beat Inflation (barrons)