Be in the know. 25 key reads for Sunday…

  1. On Li Qiang’s appointment (after becoming the party’s second-highest ranking official), “Putting aside events in the past year, he’s basically had a good reputation in Shanghai among the business community. So he’s simultaneously a Xi protégé and someone who doesn’t look ‘anti-business’ to investors” (ft)
  2. Halloween Indicator, Sell in May, Call It What You Will, It Works (AlmanacTrader)
  3. Jonah Hill To Play Legendary Golfer John Daly In Biopic (maxim)
  4. The Squeeze That Has the US Treasury Thinking About Buying Back Bonds (bloomberg)
  5. A Fed shift from quantitative tightening to ‘tinkering’ will emerge as a new bull factor for the stock market in 2023, Bank of America says (businessinsider)
  6. Xi Says China Economy Is ‘Resilient,’ Will Deepen Global Links (bloomberg)
  7. Stock Manager Paranoia Is Only Thing the Market Has Going for It (bloomberg)
  8. Fed Officials Expect Debate on Rate Peak and When to Slow Hikes (bloomberg)
  9. Chinese Bonds Bounce Back in Favor as UK Fund Giants Look to Buy (bloomberg)
  10. Xi Will Need All His Men to Realize His China Dream. Xi vowed to grow China into a “medium-level developed country” by 2035, which, according to economists, requires an average 4.7% annual growth rate going forward. (bloomberg)
  11. Fed Officials Need to Stop Speaking Out of Turn (bloomberg)
  12. Xi Allies Fill China’s Top Jobs in Move Toward One-Man Rule (bloomberg)
  13. The Seven Men Who Will Lead China Into Xi’s Third Term (bloomberg)
  14. Key Takeaways as Xi Promotes Allies to China Leadership as Rivals, Women Lose Out (bloomberg)
  15. GOLDMAN SACHS: Buy these 22 profitable growth stocks that are set to turbocharge their sales and are trading at a bargain after a sharp sell-off (businessinsider)
  16. China shuffles leadership committee and retains many Xi allies (cnbc)
  17. “People who exit the stock market to avoid a decline are odds-on favorites to miss the next rally.” (oakmark)
  18. Fisher Investments’ Founder, Ken Fisher, Explains the Midterm Miracle (youtube)
  19. BofA’s Moynihan: Consumer Spending Slowing, Still Strong (bloomberg)
  20. Why Value Investing is Making a Comeback (Columbia)
  21. Japan made intervention of at least $30bn to prop up yen (ft)
  22. The Definitive Ranking of The Wealthiest Americans In 2022 (forbes)
  23. Billionaire investor Barry Sternlicht says Jerome Powell and ‘his merry band of lunatics’ are destroying faith in capitalism and leading us toward ‘social unrest’ (fortune)
  24. The high cost of a strong dollar (npr)
  25. Toto Wolff, the Compulsive Perfectionist Behind Mercedes’s Formula 1 Team (newyorker)

Be in the know. 10 key reads for Saturday…

  1. 2-year Treasury yield has biggest weekly drop since July after Fed is seen as debating size of December rate hike (marketwatch
  2. Brace for Big Tech Earnings. 5 Key Things to Watch. (barrons)
  3. Time to Wade In—Just Don’t Expect Instant Gains (barrons)
  4. How Countries Should Respond to the Strong Dollar (imf)
  5. Dow Surged 749 Points on Hopes the Fed Will Shift Gears (barrons)
  6. Zoom Rode the Pandemic. Now the Stock Is Back to January 2020. (barrons)
  7. Stock-market investors brace for busiest week of earnings season. Here’s how it stacks up so far. (marketwatch)
  8. Salesforce Stock Boosted by Starboard Stake (barrons)
  9. 2 Chip Equipment Stocks to Buy on the Dip, According to an Analyst (barrons)
  10. Colgate Stock Pops as Activist Third Point Announces ‘Significant Position’ (barrons)
  11. Novartis CEO to Wall Street: Don’t Underplay What’s Ahead for This Company (barrons)
  12. Tesla Stock Could Rebound in 3 Months. Here’s What it Would Take. (barrons)
  13. The Stock Market Had a Great Week. It Still Hasn’t Gone Anywhere in a Month. (barrons)
  14. Enviva Stock Tumbled. Jeff Ubben and Insiders Bought Up Shares. (barrons)
  15. The Stock Market Is Rallying. What Needs to Happen for the Bear Market to End. (barrons)
  16. This Isn’t a Chip Winter. It’s a Chip War. (barrons)
  17. ‘Fragile’ Treasury market is at risk of ‘large scale forced selling’ or surprise that leads to breakdown, BofA says (marketwatch)
  18. Fed Set to Raise Rates by 0.75 Point and Debate Size of Future Hikes (wsj)
  19. Janet Yellen’s Learning Curve (wsj)
  20. China’s Xi Jinping Moves to Extend Rule as Top Communist Party Rivals Retire (wsj)

Be in the know. 17 key reads for Friday…

  1. Why We Believe China Matters For Markets (nb)
  2. What’s needed for stocks to rally is capitulation, but that could come from unexpected sources, strategist says (marketwatch)
  3. Chinese Stock Traders Told Not to Disrupt Market Around Communist Party Meeting (wsj)
  4. 5 Things to Watch in Big Tech’s Results Next Week. (barrons)
  5. Good Company: Glice’s Eco-Friendly Skating Rinks (barrons)
  6. Pfizer Targets Covid Vaccine Price of at Least $110 a Dose (wsj)
  7. Buying on the Bad Chip News (wsj)
  8. Xi Must Finally Show Hand on What Third Term Will Look Like (bloomberg)
  9. How China Became a Threat to the US’s Tech Leadership (bloomberg)
  10. Fed Set to Raise Rates by 0.75 Point and Debate Size of Future Hikes (wsj)
  11. Ex-Treasury chief Larry Summers sees interest rates peaking above 5% – and says markets have priced in most of this hiking cycle (businessinsider)
  12. Fundstrat’s Tom Lee says the Fed could pause its rate hikes next year – and suggests stocks may rebound in the months ahead (businessinsider)
  13. Elon Musk has a new arch-enemy: the Fed (businessinsider)
  14. The housing market is in free fall with ‘no floor in sight,’ and prices could crash 20% in the next year, analyst says (businessinsider)
  15. Currency/China ADR Weakness as Hong Kong Sees Massive Buying from Mainland Investors (chinalastnight)
  16. Amazon (AMZN) Reiterated as Top Pick at Morgan Stanley, Credit Suisse (streetinsider)
  17. Nike (NKE): UBS Reiterates Buy on Strong Survey Results, HSBC More Cautious (streetinsider)