On Tuesday, I joined the MoneyShow “Virtual Accredited Investor Conference” to present “Turnaround Tom’s Top Picks and Outlook for 2024.” Thanks to Mike Larson, Debbie Osborne and Shelly Coyle for having me on: Continue reading “Citi Never Sleeps – Stock Market (and Sentiment Results)…”
Where is money flowing today?
Hedge Fund Trade Tip (PIN) – Position Idea Notification
Be in the know. 27 key reads for Wednesday…
- Hong Kong’s Callable Bull/Bear Contracts Create Forced Selling (chinalastnight)
- Peak China narrative is flawed, former Australian prime minister says (marketwatch)
- Retail sales rise 0.6% in December, topping expectations for holiday shopping (cnbc)
- Xi Wants Strong Yuan in Push to Make China a ‘Financial Power’ (bloomberg)
- China Reaches Its Economic Goal for 2023 (5.2% GDP) (bloomberg)
- US GDP estimated to finish 2023 at 2.4% (conference-board)
- 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)
- Will Chatbots Teach Your Children? (nytimes)
- Lagarde Says It’s Likely ECB Will Cut Rates in Summer (bloomberg)
- Davos Live: Blinken Signals More Biden-Xi Interaction This Year (bloomberg)
- China Brings Back Youth Jobless Rate, With Rosier Number (bloomberg)
- Li Hails China’s 2023 Rebound in Davos Debut (bloomberg)
- More Grid Trouble: Tennessee Valley Authority Asks Customers To Conserve Power Amid Cold Blast (zerohedge)
- China’s 2023 GDP shows patchy economic recovery, raises case for stimulus (reuters)
- Investors raise billions to buy discounted stakes in start-ups (ft)
- Hong Kong IPO pipeline grows as Chinese restaurant chain files application (scmp)
January 2024 Bank of America Global Fund Manager Survey Results (Summary)
The January survey covered 221 fund managers with $589 billion under management. Continue reading “January 2024 Bank of America Global Fund Manager Survey Results (Summary)”
Hedge Fund Trade Tip (PIN) – Position Idea Notification
Hedge Fund Trade Tip (PIN) – Position Idea Notification
Hedge Fund Trade Tip (PIN) – Position Idea Notification
Where is money flowing today?
Be in the know. 17 key reads for Tuesday…
- China Weighs More Stimulus With $139 Billion of Special Bonds (bloomberg)
- A new dawn NASA, Lockheed Martin debut quiet supersonic ‘son of Concorde’ plane — capable of flying NYC to London in 3.5 hours (nypost)
- Pfizer CEO Bourla Bets His Pension on Company Stock (barrons)
- Goldman Sachs Equity-Trading Surge Drives Jump in Profit (bloomberg)
- Goldman Client Survey Shows Geopolitics Is Biggest Risk in 2024 (bloomberg)
- Trump is a ‘transactional president’ but may not rock the boat on China, Standard Chartered CEO says (cnbc)
- Li Qiang says China’s economy grew an ‘estimated’ 5.2% in 2023 (ft)
- Beijing tells some investors not to sell as Chinese stock rout resumes (ft)
- G Sachs Adjusts TPs on BABA-SW (09988.HK)/ JD-SW (09618.HK)/ TENCENT (00700.HK)/ PDD (PDD.US); Ratings Buy (aastocks)
- Citi says Baidu (BIDU) stock selloff overdone (streetinsider)
- Investors are now ‘very optimistic’, BofA’s monthly fund manager survey shows (streetinsider)
- Another Wall Street bank has boosted its S&P 500 target. Here’s why. (marketwatch)
- CHART OF THE DAY: Technology stocks will grow to 50% of the S&P 500 amid a growing labor shortage, Fundstrat says (businessinsider)
- Chinese Premier Makes Surprise Economic Growth Reveal (wsj)
- Goldman Sachs lists 10 reasons it’s more confident than others about the U.S. economy (marketwatch)
- China Sees Record Nine Billion Trips Over This Lunar New Year (bloomberg)
- Chinese Splurging on ‘Revenge Travel’ Is Pressuring the Yuan (bloomberg)