“Don’t Stop Believin'” Stock Market (and Sentiment Results)…

“Don’t Stop Believin’” is the second single from Journey’s seventh studio album ‘Escape’ released in 1981. Although the song only reached #9 on Billboard Hot 100 and #62 in the UK Singles chart, the track became a timeless classic.  Today, “Don’t Stop Believin’” can be heard at just about every wedding, high school dance, and Saturday night college bar you can think of. The popularity of “Don’t Stop Believin’” in modern times started in 2007, when the song was used in the iconic final scene of The Sopranos.
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Be in the know. 12 key reads for Wednesday…

  1. Micron reports largest loss on record, but stock gains as execs say inventory issues have peaked (marketwatch)
  2. Alibaba Stock Soars. An Unprecedented Shakeup Could Unlock Major Value. (barrons)
  3. Alibaba split ‘going to be a monster’ (yahoo)
  4. Hockey’s bare-knuckles legacy and why fighting will likely always be a part of the NHL (theathletic)
  5. Alibaba to split into six units (reuters)
  6. Why Tim Draper Is Betting on Sri Lanka’s Unlikely Startup Scene (bloomberg)
  7. Betsy Cohen On Tech Investing and How SVB Failed Banking 101 (bloomberg)
  8. Yen Is Wall Street’s Favorite Trade (bloomberg)
  9. Asia’s 50 Best Restaurants List Has a New Winner for 2023 (bloomberg)
  10. Alibaba Is Laying the Ground for a Breakup. Amazon and Alphabet Should Consider Doing the Same. (barrons)
  11. Americans haven’t been this gloomy on home prices since at least 2014 (businessinsider)
  12. Biden says White House response to banking stress is ‘not over yet’ (reuters)