Be in the know. 15 key reads for Tuesday…

  1. Magnificent Seven Stocks Are Taking A Break. Why That’s Bullish. (investors)
  2. Is the Fed About to Ease? Key Tests Lie Just Ahead. (barrons)
  3. U.S. Running Out of Money for Ukraine in War With Russia, White House Warns (wsj)
  4. The Bombshell Rumor Gripping Professional Golf (wsj)
  5. China Pro-Growth Stance Seen With 2024 Targets (bloomberg)
  6. China stepped up usage of fiscal stimulus to aid growth. Such move put downside risks to nation’s economy: Moody’s (bloomberg)
  7. Expect McDonald’s to talk about expansion, tech and China during its investor day (cnbc)
  8. China’s policy support is a ‘stop-gap’ measure — not stimulus: SocGen economist (cnbc)
  9. China’s Key Stock Gauge Reaches Oversold Zone on Weak Sentiment (bloomberg)
  10. The $7 Trillion ETF Boom Gets Blamed Again for Dumb Stock Moves (bloomberg)
  11. Why Americans’ ‘YOLO’ spending spree baffles economists (bbc)
  12. Hedge Funds were big sellers of Big Tech stocks last week – Morgan Stanley (streetinsider)
  13. Corporate buybacks climb to above-seasonal levels – BofA (streetinsider)
  14. On Sunday, the China Securities Regulatory Commission (CSRC) released a statement reaffirming its easing monetary and fiscal policy stance. The statement released included multiple recommendations and plans to shore up support for financial markets including encouraging companies to buy back stock and pay dividends. (chinalastnight)
  15. BlackRock’s Rick Rieder doesn’t believe the economy is falling off a cliff (cnbc)