Be in the know. 20 key reads for Wednesday…

  1. Chinese Internet Stocks Hit Three-Month High (wsj)
  2. Alibaba Stock Tears Higher With Chinese Tech. This Time, Thank Videogames. (barrons)
  3. Carmakers Feel Chip Crisis Easing (bloomberg)
  4. TSMC Expects 30% Sales Rise Despite Global Economic Ructions (bloomberg)
  5. Market Optimists Make the Case That 2022 Will End on High Note (bloomberg)
  6. China issues 60 new video game licenses (reuters)
  7. Even if oil hits $150 a barrel, J.P. Morgan’s Marko Kolanovic predicts stocks will reclaim 2022 highs (cnbc)
  8. Yellen, World Bank Expect Elevated Inflation to Persist (wsj)
  9. Gas prices may be leveling off: Phil Flynn (foxbusiness)
  10. Commentary: The Chances of a Downturn Are Lower Than People Think (barrons)
  11. Target’s Mess Created Opportunities. Here’s What to Consider Buying Now. (barrons)
  12. Short sellers raise bets against GameStop and AMC to highest level in a year as Wall Street sees more pain ahead (marketwatch)
  13. Western Digital Stock Is Popping. It May Spin Off Its Flash Memory Business — Just Like Elliott Wants It To (barrons)
  14. Target Warns Profit to Drop Due to High Inventory Levels (wsj)
  15. Parabolic Frolic. The Energy Report 06/08/2022 (Phil Flynn)
  16. Billionaire investor Ray Dalio said that stagflation will force the Fed to slash interest rates by 2024 (businessinsider)
  17. The U.S. Dollar Is Looking a Bit Stretched (wsj)
  18. Tesla’s Shanghai plant to exit ‘closed loop’ as Covid-19 fears ease (scmp)
  19. exclusive | ByteDance’s private valuation down to US$300 billion amid IPO speculation (scmp)
  20. China welcomes ‘important’ capital inflows with economy still reeling from coronavirus outbreaks (scmp)