Be in the know. 17 key reads for Thursday…

  1. Fitch Warns on U.S. Rating (barrons)
  2. McCarthy Says Issues Remain in Debt Talks, All Won’t Be Happy (bloomberg)
  3. It Has Been an Ugly Year for Estée Lauder Stock. Better Times Are Coming. (barrons)
  4. Ford Stock Is Upgraded. (barrons)
  5. Debt-Ceiling Fight Comes Down to Spending: Freeze or Cut? (wsj)
  6. Invesco QQQ ETF jumps toward 13-month high, as Nvidia shares soar toward best gain in 7 years (marketwatch)
  7. Microsoft’s Nadella: AI is taking the computer age from ‘the bicycle to the steam engine’ (marketwatch)
  8. ‘There is no other China, there is only one China’: Nvidia CEO warns of ‘enormous damage’ if China chip war escalates. (marketwatch)
  9. U.S. and China See Fragile Opportunity to Repair Ties (wsj)
  10. Fed Officials Were Divided Over June Rate Pause. Several policy makers thought further hikes ‘may not be necessary’ (wsj)
  11. Half-Empty a Year Ago, Cruises Are Now Packed Like Sardines (wsj)
  12. Share Buybacks Continue at Torrid Pace While Investors Sit on Sidelines (wsj)
  13. America’s Math Coach Is Teaching Fifth-Graders to Outsmart AI (wsj)
  14. Reid Hoffman Is on a Mission: To Show A.I. Can Improve Humanity (nytimes)
  15. “Selling The Rips”: Retail Investors Capitulate Just As Stocks Break Out To New 2023 Highs (zerohedge)
  16. China Equity Rout Deepens as Traders Rush to Sell Before Holiday (yahoo)
  17. Meituan & NetEase Beat, Debt Ceiling, US Dollar Weigh On Risk Assets (chinalastnight)

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

When I was thinking about writing this week, the song, “The Long Run” immediately came to mind.  The Eagles released it in 1979.  According to Henley, the title track was in part a response to press articles that said they were “passé” as disco was then dominant and punk emerging, which inspired lines such as “Who is gonna make it/ We’ll find out in the long run.” (wikipedia) Continue reading ““The Long Run” Stock Market (and Sentiment Results)…”

Be in the know. 22 key reads for Wednesday…

  1. What Sam Zell Taught Me About Markets and Life (barrons)
  2. Wall Street analysts are bullish on Chinese tech firms, even as recovery is uneven (cnbc)
  3. China’s tech sector may see ‘fewer surprises’ in regulation: S&P report (cnbc)
  4. Fed Tracks Market Sentiment With New Index Built from 4.4 Million Tweets (bloomberg)
  5. Mizuho lifts Amazon (AMZN) to Top Pick for 2H23 on accelerating AWS’ generative AI demand (streetinsider)
  6. U.S. and China See Fragile Opportunity to Repair Ties (wsj)
  7. Companies are talking about ‘recession’ less. Economic data helps explain why. (yahoo)
  8. Is a Fed Rate Pause Coming? Watch for Hints in Today’s Minutes. (barrons)
  9. New Weight-Loss Pills Are Coming. What to Know. (barrons)
  10. China’s Young Can’t Find Work. How That Hurts the Economy. (barrons)
  11. Intuit Stock Sinks on Fewer Tax Filings. Why It’s Time to Buy. (barrons)
  12. Apple Strikes Multibillion-Dollar Supply Deal With Broadcom (wsj)
  13. Share Buybacks Continue at Torrid Pace While Investors Sit on Sidelines (wsj)
  14. Why Tipping Prompts Are Suddenly Everywhere (wsj)
  15. Debt-Limit Talks Stall as Time Runs Short to Avert US Default (bloomberg)
  16. These 2 bullish indicators just flashed and point to a higher stock market going forward, research firm says (businessinsider)
  17. ‘Don’t kiss your dollars goodbye just yet’: IMF chief sees U.S. dollar remaining global reserve currency (marketwatch)
  18. Shanghai invites GM to expand investments and R&D in the city (streetinsider)
  19. VF Corporation Q4 results beat, driven by The North Face, ongoing China recovery (streetinsider)
  20. Chip wars with China risk ‘enormous damage’ to US tech, says Nvidia chief (ft)
  21. US regional banks swap $220bn in deposits to soothe insurance nerves (ft)
  22. Vipshop Reports Strong Q1 Results, China Officials Arrive in DC (chinalastnight)

Be in the know. 22 key reads for Tuesday…

  1. A Housing Bust Comes for Thousands of Small-Time Investors (wsj)
  2. How Did Hyundai Get So Cool? (wsj)
  3. The Public Golf Course Pro Who Shocked the PGA Championship (wsj)
  4. Will June Tax Payments Bump Debt Debate Into July? (zerohedge)
  5. Alibaba’s (BABA) cloud business to cut 7% staff as it prepares for a spinoff – report (streetinsider)
  6. 22 Stocks That Aren’t Nvidia to Play the AI Boom (barrons)
  7. JPMorgan Expects Bump in Interest Income After First Republic Takeover (barrons)
  8. The Exodus From Big Cities Is Slowing. 2 Key Reasons. (barrons)
  9. Disney Parks Chair Says Florida Controversy Hasn’t Hurt Business (barrons)
  10. Immigrants’ Share of the U.S. Labor Force Grows to a New High (wsj)
  11. China Has a Youth Unemployment Problem Because College Grads Are Waiting for Jobs That Don’t Exist (wsj)
  12. Biden, McCarthy Still Without Debt Deal But Sound Positive Tone (bloomberg)
  13. Saudi Energy Minister Tells Oil Speculators to ‘Watch Out’ (bloomberg)
  14. Fed Rate Path Hinges on Trade-Off Between Stable Banks or Prices (bloomberg)
  15. There is ‘zero chance’ of the US defaulting on its debt, Wharton professor Jeremy Siegel says (businessinsider)
  16. Alphabet’s stock powers higher as BofA says ChatGPT buzz hasn’t dinged Google (marketwatch)
  17. Home buyers will now be able to put down as little as 1% on their house purchase, Rocket Mortgage says (marketwatch)
  18. “In April, new searches for office space by businesses in major cities were 23% higher than in December” (wsj)
  19. Citi Says Buyers Plow $21 Billion Into US Stocks (yahoo)
  20. SoftBank’s long-term debt rating cut deeper into junk status by S&P Global (ft)
  21. US-China Relations To Improve “Very Shortly”, Examining the Micron “Ban”, Full Truck & Kuaishou Beat (chinalastnight)
  22. This Stock Market Indicator Is 14 for 14 Since 1985, and It Has a Very Clear Message for Where Stocks Are Headed (fool)