Be in the know. 33 key reads for Wednesday…

  1. Chinese Stocks Listed in US Add $177 Billion in Historic Month (bloomberg)
  2. China enlists Alibaba and Tencent in fight against US chip sanctions (ft)
  3. Fed Chair Powell Speaks Today. Here’s What to Watch—and Why It Matters. (barrons)
  4. Stocks Could Have a Jolly December. What Drives the ‘Santa’ Rally. (barrons)
  5. Teva Is ‘on the Way’ to Leaving Opioid Litigation Behind, CEO Says (barrons)
  6. Europe’s Russian Oil Cap and Ban May Have Unexpected Effect (barrons)
  7. Former Chinese leader Jiang Zemin dies at age 96 (marketwatch)
  8. Alzheimer’s Breakthrough Is Boost for Biogen, Eli Lilly Despite Side-Effect Concerns (barrons)
  9. XPeng’s Results Miss Forecasts but Guidance Offers Hope. The Stock Is Soaring. (barrons)
  10. Congressional Leaders Commit to Quickly Pass Legislation to Avert Rail Strike (wsj)
  11. Most deeply inverted Treasury curve in more than 4 decades has one upbeat takeaway for investors (marketwatch)
  12. Proud, Scared and Conflicted. What the China Protesters Told Me. (nytimes)
  13. Unusual relationship between Treasury yields reflects investors’ bets on easing inflation and future rate cuts (wsj)
  14. Reality Check. The Energy Report 11/30/2022 (Phil Flynn)
  15. Zero-Covid and Xi Jinping’s Deal With the Devil (wsj)
  16. China’s Failed Covid Vaccine Nationalism (wsj)
  17. Jiang Zemin’s Death Could Haunt Xi (bloomberg)
  18. China Will Fully Reopen by Mid-2023, Bloomberg Economics Says (bloomberg)
  19. Banks Stuck With $42 Billion Debt Seize Chance to Offload It (bloomberg)
  20. The Fed won’t cut interest rates until late 2023 as the US economy continues to look resilient, Barclays says (businessinsider)
  21. Jeremy Siegel says a recession is ‘virtually 100%’ assured if the Fed keeps hiking rates next year (businessinsider)
  22. The Fed is making a ‘complete mistake’ by cutting down its balance sheet, Mizuho’s chief economist says (businessinsider)
  23. Chicago PMI Collapses To COVID-Lockdown Lows (zerohedge)
  24. ADP Signals “Turning Point”: Weakest Labor Gains Since Jan 2021, Manufacturing Job Losses Soar (zerohedge)
  25. China’s Guangzhou city relaxes COVID rules in several districts (streetinsider)
  26. Dollar heads for biggest monthly loss since 2010 ahead of Powell speech (streetinsider)
  27. Analysts impressed by Biogen (BIIB) after full data on Alzheimer’s drug Lecanemab (streetinsider)
  28. BofA Says the US Yield Curve Will Return to Normal on Fed Pivot (yahoo)
  29. PayPal, Netflix Top the List of Hedge Fund Favorites (institutionalinvestor)
  30. Eurozone inflation falls more than expected to 10% (ft)
  31. ‘We were too gloomy’: Europe’s business leaders turn more upbeat (ft)
  32. Elon Musk Says Fed Needs To Cut Interest Rates ‘Immediately,’ Flashes ‘Severe Recession’ Warning (benzinga)
  33. Buffett and Swensen’s Advice on Identifying Companies With Good Management (gurufocus)