Be in the know. 22 key reads for Wednesday…

  1. Markets are hankering to find out the Fed’s plan to shrink its $9 trillion balance sheet. They should get their wish Wednesday (marketwatch)
  2. Fed to begin ‘rapid’ balance sheet reduction as soon as May, says top official (ft)
  3. Sea Ltd, Southeast Asia’s largest internet firm, has pulled out of India’s e-commerce market as it seeks to prioritize profits over growth (wsj)
  4. Prospect of Fed firing on all cylinders spooks bonds (reuters)
  5. Koch Industries’ Bet on Batteries (nytimes)
  6. Banks Weigh Plan to Expand Zelle (wsj)
  7. Citi Strategists Say U.S. Stocks Can Rise After Curve Inversion (bloomberg)
  8. Russia Says Foreign Banks Rejected $649.2 Million Bond Payment (bloomberg)
  9. China Services PMI Crashes In March As COVID Crisis Worsens (zerohedge)
  10. Shanghai Residents Rebel As Cases Surge, Lockdown Extended ‘Indefinitely’ (zerohedge)
  11. One Bank Spots A Big Red Flag For Stocks: Buybacks Are Inexplicably Tumbling (zerohedge)
  12. S. buybacks seen at record highs ahead of earnings reports (reuters)
  13. Consider Buying These Growth Stocks as Real Rates Remain Negative – Citi (streetinsider)
  14. Apple (AAPL): App Store Revenue Growth in March ‘Encouraging’ – Analyst (streetinsider)
  15. Elon Musk’s Twitter board seat raises questions about his plans for the company (cnbc)
  16. Musk Refiles Twitter Disclosure to Show He’s an Active Investor (yahoo)
  17. Meta Platforms (FB) Price Target Raised at UBS Ahead of Earnings (streetinsider)
  18. Here is Ray Dalio’s inflation outlook, on a scale of 1 to 10 (yahoo)
  19. The Big Read. Weaponisation of finance: how the west unleashed ‘shock and awe’ on Russia (ft)
  20. Hang Seng slides as Shanghai lockdown, PMI report cloud China growth outlook (scmp)
  21. Don’t count him out You’d be a fool to think Tiger Woods can’t win the Masters (nypost)
  22. April could be a magic month for stocks — if you want it to be (marketwatch)