Be in the know. 15 key reads for Saturday…

  1. Dow Jones Industrial Average Exceeds 50,000 for First Time (bloomberg)
  2. ‘Dow Theory’ Sends a Buy Signal as Transportation Stocks Rally (barrons)
  3. Revenge of the Real. Why Energy, Materials and Staples Stocks Are Beating the Market. (barrons)
  4. Tech Had an Awful Earnings Season. Other Stocks Are Saving the Day. (barrons)
  5. Wall Street Drama Punishes Speculation and Rewards Steady Bets (bloomberg)
  6. Tech AI spending may approach $700 billion this year, but the blow to cash raises red flags (cnbc)
  7. Chart of the Week: A diverging Magnificent Seven (ft)
  8. Big Tech’s AI Push Is Costing a Lot More Than the Moon Landing (wsj)
  9. Is Intel closing the AI packaging gap with TSMC – and who wins? (investing)
  10. Trump Says He’s Still Looking ‘Seriously’ At Sending $2,000 Tariff Rebate Payments (zerohedge)
  11. White House Explores Opening Antitrust Probe on Homebuilders (bloomberg)
  12. Hedge Funds Hike Bullish Oil Bets to 10-Month High on Iran Risks (bloomberg)
  13. Chinese AI progress has been ‘astounding’ over past year, Barclays says (streetinsider)
  14. Europe, Asia lead global equity fund inflows as investors cut US tech exposure (reuters)
  15. Citi upgrades Estée Lauder as post-earnings selloff creates entry point (investing)