Be in the know. 15 key reads for Thursday…

  1. China’s Economy Is Perking Up. Cheap Money Helped. (barrons)
  2. China’s Factory Activity Sparks Hope Slump Is Bottoming Out (bloomberg)
  3. 3M Stock Catches Another Upgrade. Why Sentiment Is Shifting. (barrons)
  4. Fed’s Bostic says U.S. interest rates are high enough (cnbc)
  5. Manufactured Home Stocks Are Jumping. Hurricane Idalia Could Spur Demand. (barrons)
  6. “Though macro concerns remain and we could see periods of volatility, we continue to see the restructuring as a potential long-term value driver,” Patil said. “Alibaba remains, in our belief, the main China e-commerce player and continues to see a large secular growth opportunity.” (barrons)
  7. PCE Measure of Shelter Slows to 7.8% YoY in July (calculatedrisk)
  8. China Eases Down Payments, Mortgage Rates in Fresh Stimulus Move (bloomberg)
  9. UBS Gets Everything It Wants From Credit Suisse (wsj)
  10. Sea Brings Back One of Its Top Game Titles in India After Ban (bloomberg)
  11. After Four Years, the $205,000 Maserati GranTurismo Is Back: Review (bloomberg)
  12. The Chinese property market may look like it’s imploding. But one expert doesn’t think it’ll cause a financial crisis — and there may even be a bright spot. (businessinsider)
  13. Rent growth nosedived again in August as tenants gain leverage over landlords — and apartments in these 42 cities are actually cheaper now than they were last year (businessinsider)
  14. The S&P 500 is about to take off in a month-long rally that will retest its 2023 high, Fundstrat says (finance.yahoo)
  15. China allows the public to use generative AI chatbots for the first time (scmp)

“So Far, So Good” Stock Market (and Sentiment Results)…

In our July 27, 2023 weekly note and podcast|videocast we talked about a 3-5% pullback in the month of August.  We also said we expected these dips would be BOUGHT due to the fact that most managers under-performed in 1H and were still overweight cash/t-bills and underweight equities (relative to their 20 year history): Continue reading ““So Far, So Good” Stock Market (and Sentiment Results)…”

Be in the know. 23 key reads for Wednesday…

  1. Kenvue Is a New Dividend Aristocrat. Its Payout Will Grow. (barrons)
  2. Hedge funds have made a huge push into risky assets. Here’s what that means. (marketwatch)
  3. Amazon CEO reportedly tells remote workers that ‘it’s probably not going to work out for you’ (marketwatch)
  4. JPMorgan’s Badrichani: Can’t Ignore Investing in China (bloomberg)
  5. Fidelity Says Chinese Equities Remain a ‘Top Call’ (bloomberg)
  6. Apple’s iPhone 15 Looks Like a Bargain. Here’s the Math. (barrons)
  7. China approves 31 more foreign video games, pushing 2023 total past last year (scmp)
  8. BoCom, Chinese lenders seen cutting mortgage rates to help end housing slump (scmp)
  9. Hong Kong stocks hold at 2-week high amid bets on more support measures (scmp)
  11. Demand for Workers Cools, but Remains Elevated (wsj)
  12. U.S. Does Not Want to ‘Decouple’ From China, Commerce Chief Says (nytimes)
  13. China Moves to Shore Up Finances of Troubled Bank (bloomberg)
  14. Everything China Is Doing to Juice Its Flagging Economy (bloomberg)
  15. China Mortgage Rate Cuts Fall Short of ‘Game Changer’ Policy (bloomberg)
  16. Raimondo calls on China to provide more predictability for business (cnbc)
  17. Warren Buffett turns 93 today. Here are 6 of the investing icon’s best birthday stories. (businessinsider)
  18. Warren Buffett’s 93rd birthday is today. Here’s why the investing icon dreads his big day each year, and compares life to a snowball rolling down a hill. (businessinsider)
  19. US Commerce chief leaves China on upbeat note after ‘uninvestible’ remark (reuters)
  20. China chip stocks rally after Huawei’s low-key launch of new Mate 60 Pro phone (reuters)
  21. PVH jumps after beating expectations on top and bottom line (streetinsider)
  22. Market Momentum Rides Further, Pinduoduo’s Q2 Beats (chinalastnight)
  23. Generac CEO Aaron Jagdfeld talks demand for generators amid natural disasters and power outages (cnbc)