“Somethin’s Tellin’ Me This Ain’t Over Yet” Stock Market (and Sentiment Results)…

Morgan Wallen’s “Last Night” became the country star’s first No. 1 on the Billboard Hot 100 songs chart dated March 18, 2023.  The song chronicles an “on again, off again” relationship that reminds me of the stop and start nature of the “China Trade” recovery since the lows in October: Continue reading ““Somethin’s Tellin’ Me This Ain’t Over Yet” Stock Market (and Sentiment Results)…”

Be in the know. 19 key reads for Wednesday…

  1. China Stimulus Calls Mount From State Media, Top Advisers (bloomberg)
  2. Alibaba founders Jack Ma, Joe Tsai appear in Hangzhou in show of confidence amid corporate reshuffling
  3. Powell Heads to the Hill. Cue Tough Talk. (barrons)
  4. Jack Ma Ally Joe Tsai to Take Helm of Alibaba (wsj)
  5. 15 Biotech Stocks Wall Street Analysts Say Are Too Cheap (barrons)
  6. Amazon’s Stock Price Target Is Lifted on Expected AI-Driven Gains (barrons)
  7. 3M’s Dividend Dilemma (barrons)
  8. SoftBank’s Masayoshi Son Had His Cry. Now He’s in Love Again—With ChatGPT. (wsj)
  9. One-Percenters Keep Shopping at the Dollar Store (wsj)
  10. China Cuts Borrowing Rates Again in Bid to Juice Recovery (wsj)
  11. Fed’s Powell Says Interest-Rate Pause Is Expected to Be Temporary (wsj)
  12. KKR’s McVey Says Investors Too Cautious, Sees Stronger US Growth (bloomberg)
  13. BofA client data shows biggest equity inflows since October (streetinsider)
  14. China unveils $72 bln tax break for EVs, other green cars to spur demand (reuters)
  15. Intel to sell 20% stake in Austrian chip company (yahoo)
  16. Bill Gates’ venture firm, with backing from Jeff Bezos and Jack Ma, just minted a $1 billion A.I. unicorn that uses machine learning for mining rare earth metals crucial for EVs (yahoo)
  17. China furious after Biden calls Xi a ‘dictator’ (ft)
  18. The bull run in emerging market currencies can extend (ft)
  19. Taobao ‘618’ Livestream Viewers Scale Up 43% (aastocks)

Be in the know. 28 key reads for Tuesday…

  1. Jack Ma reportedly proposed a restructure at Alibaba, and it has echoes of what’s been happening at Meta (businessinsider)
  2. Alibaba founder Jack Ma’s close confidants have taken the top roles at the giant (cnbc)
  3. Jack Ma Ally to Take Helm of Alibaba (wsj)
  4. PayPal Expects Additional $1 Billion in Stock BuyBacks Following BNPL Deal (barrons)
  5. Alibaba Names Tsai Chairman, Wu CEO (bloomberg)
  6. Shocking Housing Starts Data: Economists Blown Away By 11-Sigma Beat After Biggest Monthly Surge On Record (zerohedge)
  7. China cuts benchmark lending rates as policy easing picks up (ft)
  8. Drugmakers aim to strike down Medicare drug-price negotiations at Supreme Court (cnbc)
  9. Saudi wealth fund launches new firm to attract pharma investors (pionline)
  10. China Rate Cut Disappoints (barrons)
  11. Eli Lilly to Buy Dice Therapeutics in $2.4 Billion Autoimmune Disease Push (barrons)
  12. The Schork Report founder and editor Stephen Schork and Great Hill Capital Chairman Thomas Hayes discuss how China is affecting oil inventories in North America on ‘The Claman Countdown.’ (foxbusiness)
  13. The consumer-led recession you’re worried about already ended months ago, the stock market says (marketwatch)
  14. Xi Jinping Meets Antony Blinken as U.S., China Resume High-Level Engagement (wsj)
  15. Stock-Market Rally Costs Bears $120 Billion (wsj)
  16. Daniel Wu Turned His ‘Cute Little Car’ Into a Showstopper (wsj)
  17. Jack Ma’s Lieutenants Return to Oversee Tough Alibaba Reboot (bloomberg)
  18. Alibaba’s Surprise Shakeup of Chairman, CEO Shows Drive to Revive Growth (bloomberg)
  19. Hedging Failure Exposes Private Equity to Interest-Rate Surge (bloomberg)
  20. Workers Resisting the Office Grind Are Suddenly Lonely at Home (bloomberg)
  21. Working From Home Becomes a Once-a-Week Perk for Some Office Goers (bloomberg)
  22. Work Shift: Why We Go to the Office Now (bloomberg)
  23. Zhang explained that the cloud business is “now full speed ahead on its spin-off plans and we are approaching a crucial stage of the process,” and that is why he is stepping down as group CEO. (cnbc)
  24. Futures fall as hawkish Fed, smaller China rate cut dent sentiment (streetinsider)
  25. KKR to buy nearly $44 bln of PayPal’s buy now, pay later loans in Europe (reuters)
  26. Intel to build $33-billion chip plant in Germany after government pledges to cover 1/3rd of cost (yahoo)
  27. Xi sees ‘progress’ in China-US ties at meeting with Blinken (ft)
  28. Jack Ma urges Alibaba to ‘go back to Taobao’ (scmp)

Be in the know. 10 key reads for Monday…

  1. u.S.-China pledge to stabilize deteriorating ties, resume high-level talks after Blinken visit (marketwatch)
  2. Xi, Blinken agree to stabilize US-China relations in Beijing talks (reuters)
  3. Alibaba and more: Morgan Stanley names 5 global stocks with at least 50% upside (cnbc)
  4. Intel Makes $25 Billion Israel Push As U.S.-China Chips War Intensifies (barrons)
  5. Down 15 per cent on Chinese stocks, William Blair fund manager calls a 20 per cent rally in post-stimulus re-rating (scmp)
  6. Jack Ma Reportedly Propounds Taotian Group to Return to Taobao in Future (aastocks)
  7. China Approves First Share Sale by Developer Since Ban Lifted (bloomberg)
  8. How Softbank’s Sale Increased Alibaba’s Market Cap (chinalastnight)
  9. Eli Lilly’s (LLY) migraine drug Emgality fails to meet primary endpoint in trial (streetinsider)
  10. US, China Upbeat on Ties After Blinken Visit But Few Specifics (bloomberg)
  11. Xi Tells Blinken ‘Very Good’ That Progress Made (bloomberg)
  12. Delayed Stimulus Feeds Worries Over China’s Economy (bloomberg)
  13. China and US Hit Pause on Tensions — For Now: Balance of Power (bloomberg)
  14. US Homebuilder Sentiment Increases to an Almost One-Year High (bloomberg)
  15. Josh Younger on the Surprising Origins of Eurodollars and Petrodollars (bloomberg)