Be in the know. 25 key reads for Sunday…

  1. On Li Qiang’s appointment (after becoming the party’s second-highest ranking official), “Putting aside events in the past year, he’s basically had a good reputation in Shanghai among the business community. So he’s simultaneously a Xi protégé and someone who doesn’t look ‘anti-business’ to investors” (ft)
  2. Halloween Indicator, Sell in May, Call It What You Will, It Works (AlmanacTrader)
  3. Jonah Hill To Play Legendary Golfer John Daly In Biopic (maxim)
  4. The Squeeze That Has the US Treasury Thinking About Buying Back Bonds (bloomberg)
  5. A Fed shift from quantitative tightening to ‘tinkering’ will emerge as a new bull factor for the stock market in 2023, Bank of America says (businessinsider)
  6. Xi Says China Economy Is ‘Resilient,’ Will Deepen Global Links (bloomberg)
  7. Stock Manager Paranoia Is Only Thing the Market Has Going for It (bloomberg)
  8. Fed Officials Expect Debate on Rate Peak and When to Slow Hikes (bloomberg)
  9. Chinese Bonds Bounce Back in Favor as UK Fund Giants Look to Buy (bloomberg)
  10. Xi Will Need All His Men to Realize His China Dream. Xi vowed to grow China into a “medium-level developed country” by 2035, which, according to economists, requires an average 4.7% annual growth rate going forward. (bloomberg)
  11. Fed Officials Need to Stop Speaking Out of Turn (bloomberg)
  12. Xi Allies Fill China’s Top Jobs in Move Toward One-Man Rule (bloomberg)
  13. The Seven Men Who Will Lead China Into Xi’s Third Term (bloomberg)
  14. Key Takeaways as Xi Promotes Allies to China Leadership as Rivals, Women Lose Out (bloomberg)
  15. GOLDMAN SACHS: Buy these 22 profitable growth stocks that are set to turbocharge their sales and are trading at a bargain after a sharp sell-off (businessinsider)
  16. China shuffles leadership committee and retains many Xi allies (cnbc)
  17. “People who exit the stock market to avoid a decline are odds-on favorites to miss the next rally.” (oakmark)
  18. Fisher Investments’ Founder, Ken Fisher, Explains the Midterm Miracle (youtube)
  19. BofA’s Moynihan: Consumer Spending Slowing, Still Strong (bloomberg)
  20. Why Value Investing is Making a Comeback (Columbia)
  21. Japan made intervention of at least $30bn to prop up yen (ft)
  22. The Definitive Ranking of The Wealthiest Americans In 2022 (forbes)
  23. Billionaire investor Barry Sternlicht says Jerome Powell and ‘his merry band of lunatics’ are destroying faith in capitalism and leading us toward ‘social unrest’ (fortune)
  24. The high cost of a strong dollar (npr)
  25. Toto Wolff, the Compulsive Perfectionist Behind Mercedes’s Formula 1 Team (newyorker)