The Fed has to start cutting rates to avoid tipping the economy over, and 8 cuts are coming in the next 2 years, Bank of America chief Brian Moynihan says (businessinsider)
Here’s when Morgan Stanley thinks the Fed will likely start tapering QT (streetinsider)
Chinese buyers return to Hong Kong’s luxury property market as activity picks up (scmp)
Companies rush to bond market in record $150bn debt splurge (ft)
I Rented a Tesla for a 1,600-Mile Road Trip. I’ll Think Twice Next Time. (barrons)
S., Arab Allies Push Hostage-Release Plan Aimed at Ending Israel-Hamas War (wsj)
Two important events this week could determine the future of Fed rate policy (cnbc)
A bearish signal is flashing for the market’s hottest stocks – and it shows there’s a can’t-miss opportunity brewing for investors, RBA says (businessinsider)
These are the 30 best investments to make now as US stocks rally to record highs, according to bullish strategists at 3 large investment firms (businessinsider)
The structured products are one of the main reasons for the continuing losses on the onshore markets, according to investors. Many snowball products tracking the CSI Smallcap 500 Index and the CSI 1000 Index have breached preset levels, triggering forced sales of the futures contracts (scmp)
Swiss watchmaker Richemont’s Q4 financial results were higher due to China sales increasing 25% year-over-year versus Europe’s sales decreasing -3%, and sales in the Americas increasing +8%. CFO Burhart Grund stated: “Overall, I would say the Chinese business is rebuilding,” according to Reuters. (chinalastnight)
VF believes that the material impact or reasonably likely material impact on VF is limited to the material impacts on VF’s business operations disclosed in the Original Report which are no longer ongoing at this time. As of the date of this Amendment, VF also believes the impacts of the cyber incident are not material and are not reasonably likely to be material to its financial condition and results of operations. (sec)
A Hot Debt Market Is Slashing Borrowing Costs for Riskier Companies (wsj)
Davos 2024: Special address by Javier Milei, President of Argentina (weforum)
The risk reward is skewed to the upside as MSCI China is trading at extreme valuation and foreign investors’ positioning has dipped below an October 2022 trough, according to James Wang, head of China strategy at UBS Investment Bank. Historically, if investors bought into the MSCI China index at this valuation multiple, they would have generated an average return of 12 per cent in one week, he said. “With trough valuation multiples, light investor position and potential support from the ‘national team’, we believe risk reward is attractive at this level.” (scmp)
China courts global elite at Davos with largest presence in years (cnbc)
Meet the Hockey Diehards Building NHL-Worthy Rinks in Their Backyards (wsj)
Google CEO says more job cuts are needed in 2024 in order to reach ‘ambitious goals’ (cnbc)
An overlooked area of the stock market could soar 60% in 2024 with valuations signaling a big run ahead, Fundstrat says (businessinsider)
Banks hope for M&A revival despite the geopolitics (ft)
Trump and Biden Both Hate Pharma—Investors Shouldn’t (wsj)
Nelson Peltz Calls for Disney to Target ‘Netflix-Like’ Streaming Margins (wsj)
Citigroup lays off more bosses as CEO Fraser addresses managing directors -sources (reuters)
Private equity predicts deal rebound as sellers capitulate on prices (ft)
8 Companies That Could Cut Their Dividends (barrons)
Coca-Cola and Other Dividend Kings That Have Raised Their Payouts for 60 Years or More (barrons)
Goolsbee says it’s too soon to determine when Fed will cut interest rates (marketwatch)
Don’t Watch the CPI. Inflation Is Lower, Says Blackstone’s Steve Schwarzman. (barrons)
How Boeing’s Corporate Culture Started To Rot (bloomberg)
China’s Biggest Broker Curbs Short Sales After Stock Rout (bloomberg)
Ford cuts production of F-150 Lightning EV, adds jobs at Bronco and Ranger plant (cnbc)
The $8.8 Trillion Cash Pile That Has Stock-Market Bulls Salivating (wsj)
Americans Are Finally Feeling Better About the Economy (wsj)
China GDP for the last three months of 2023 rose by 5.2%, missing analysts’ estimates of 5.3% in a Reuters poll. GDP growth for the full year was also 5.2%. Retail sales grew by 7.4% in December from a year ago, also missing expectations for 8% growth. (cnbc)
Wall Street Banks See Dealmaking Comeback (bloomberg)
Walt Disney makes its case for rejecting activist shareholder Nelson Peltz (cnbc)
Biden administration unveils proposed changes to big banks’ overdraft fees (cnbc)
Mortgage demand surges more than 10% as lower interest rates lure homebuyers (cnbc)
The average prediction among five firms, including Goldman Sachs and Morgan Stanley, pointed to a 4.6% increase in China’s real GDP this year, down from 5.2% expected for 2023. (cnbc)
China: “The longer deflation stays, the bigger policy stimulus is required.” (bloomberg)
Pfizer CEO Bourla Bets His Pension on Company Stock (barrons)
10 Stocks That Show Why Healthcare Stocks Are Hot in 2024 (barrons)
Disney Rejects Nelson Peltz’s Push for Board Seat. There Was a More Surprising Omission. (barrons)
Trouble for the U.S. economy? Empire State gauge sinks to lowest level since pandemic. (marketwatch)
China Isn’t Going to Put the Squeeze on Taiwan’s New Leader for Now. He Doesn’t Have a Mandate. (barrons)
