Be in the know. 10 key reads for Thursday…

  1. US Inflation Slows More Than Forecast, Gives Fed Downshift Room (bloomberg)
  2. COP27: China, US envoys hold informal talks, try to set stage for Biden-Xi talks (scmp)
  3. China’s New Leaders Back a More Targeted Covid Zero Approach (bloomberg)
  4. FTX Faces Bankruptcy, Regulatory Probe As Binance Walks On Offer (investors)
  5. Inflation Is Falling. It’s a Positive Surprise. (barrons)
  6. Sequoia writes down its FTX investment to zero: ‘Some surprise to the upside, and some surprise to the downside.’ (marketwatch)
  7. Opinion: A slew of catalysts for a stock market rally are converging at the same time (marketwatch)
  8. China’s Great ‘Zero-Covid’ Guessing Game (nytimes)
  9. Senate Is a Tossup as GOP Inches Toward House Majority (wsj)
  10. Treasury yields tumble after October CPI comes in weaker than expected (cnbc)

“The Long Run” Stock Market (and Sentiment Results)…

While it feels like it has been a year of persistent Murphy’s Law for the Stock Market, sometimes it makes sense to just take a step back and look at the facts.  What could go wrong, did go wrong (War, Geopolitics, Hurricanes, Supply Chains, Government/Policy actions, regional pandemic persistence, Fed Policy errors) but we may be coming to the tail end of that narrative:

Continue reading ““The Long Run” Stock Market (and Sentiment Results)…”

Be in the know. 15 key reads for Wednesday…

  1. Alibaba Group Will Announce September Quarter 2022 Results on November 17, 2022 (alibabagroup)
  2. Election Gridlock Is Looking More Likely. What It Could Mean for the Market. (barrons)
  3. Ukraine’s Zelensky Sets Conditions for ‘Genuine’ Peace Talks With Russia (wsj)
  4. Disney’s Earnings Hurt by Costs at Disney+ (wsj)
  5. Meta’s Mark Zuckerberg Says He Is Accountable as Company Preps for Mass Layoffs (wsj)
  6. Chip-Making Juggernaut TSMC Eyes Multibillion-Dollar Factory Expansion (wsj)
  7. China Producer Prices in Deflation for First Time Since 2020 (bloomberg)
  8. The Fed and other central banks could deliver a ‘Santa Pause’ rally for global stocks this year as they dial back the size of rate hikes, Schwab says (businessinsider)
  9. China’s Great ‘Zero-Covid’ Guessing Game (nytimes)
  10. China Stock Traders Are Clinging to Every Sign of Hope They See (bloomberg)
  11. COMAC, Boeing agree to step up research co-operation (reuters)
  12. Xi Jinping opens China’s internet conference, attended by US tech CEOs (scmp)
  13. China developers’ stocks and bonds buoyed by hope for direct central bank support (scmp)
  14. Top executives from Alibaba and JD pledge support for integration of digital and real economies at World Internet Conference (scmp)
  15. Real Estate Rebounds On Gov’t Backing As COVID Cases Increase (chinalastnight)