Be in the know. 21 key reads for Wednesday…

  1. Stock Rally Stalls as Traders Rotate Into Small Caps Out of Tech (bloomberg)
  2. Small caps will have long-term outperformance, says BofA’s Jill Carey Hall (youtube)
  3. Fed rate cut bets rise after Powell doesn’t rule out July (reuters)
  4. Mortgage refinance demand surges, as interest rates drop further (cnbc)
  5. Trump Can Sell Public Land to Build a Million Homes (wsj)
  6. Truist Securities initiates QXO stock with Buy rating on consolidation strategy (investing)
  7. ‘Thrilled’ California Developers Cheer Rollback of State’s Environmental Law (wsj)
  8. Record July Fourth travel expected as Americans hit the road and the skies (reuters)
  9. Ford sales jump 14% in the second quarter, well above industry forecast (cnbc)
  10. Exclusive: Intel’s new CEO explores big shift in chip manufacturing business (reuters)
  11. Boeing Names Parker Permanent CEO of Defense, Space & Security (wsj)
  12. Wall Street weighs in on Boeing’s new CFO appointment (streetinsider)
  13. Consumption Wars: Streaming Overtakes Traditional TV In May (zerohedge)
  14. Gen Z acquires taste for drinking as cost of living pressures ease (ft)
  15. Alibaba Readies $7 Billion Boost for Commerce Unit, Plans New Data Centers (wsj)
  16. Alibaba Expands AI Cloud Services in Malaysia, Philippines (bloomberg)
  17. China Is Quickly Eroding America’s Lead in the Global AI Race (wsj)
  18. Chinese firms eye Hong Kong listings after mainland investors’ US$93 billion buying spree (scmp)
  19. Hong Kong Debuts Hit Highest Since 2022 on Share-Sale Rush (bloomberg)
  20. Wynn Resorts and MGM Stocks Rise Sharply. The ‘Las Vegas of Asia’ Is Booming. (barrons)
  21. Stablecoin Push Gains Ground in China in New Challenge to US (bloomberg)