Be in the know. 40 key reads for Wednesday…

  1. Biden Weighs Ending Some China Tariffs Soon in Response to Inflation (wsj)
  2. Stores Have Too Much Stuff. Here’s Where They’re Slashing Prices. Expect ‘discounts like you’ve never seen before.’ (wsj)
  3. China’s hottest live-streaming star emerges from off-campus tutoring crackdown (scmp)
  4. China “Showed a Momentum of Recovery in May” (gov.cn)
  5. Tesla Shanghai Back At Full Capacity While China Mulls Additional EV Tax Breaks (zerohedge)
  6. June 2022 Bank of America Global Fund Manager Survey Results (Summary) (hedgefundtips)
  7. Natural Gas Could Start to Melt United Front Against Russia (wsj)
  8. China Economic Data Beats Across The Board In Apparent ZeroCOVID Policy ‘Victory Lap’ (zerohedge)
  9. ECB Holds Emergency Meeting To Discuss Market Turmoil (zerohedge)
  10. Biden Sends Threat-Letters To Big Oil: Help Ease “Putin Price Hike” Or Face Our Tools (zerohedge)
  11. China’s New Oriental education giant finds new life in English live streaming (reuters)
  12. Here’s everything the Fed is expected to announce, including the biggest rate hike in 28 years (cnbc)
  13. Hong Kong Sells More U.S. Dollars to Defend Currency Peg (wsj)
  14. Cliff Asness said value stocks would outperform before the year started. He’s still optimistic. (marketwatch)
  15. Japanese Bond Futures Suffer Biggest Rout Since 2013, Trigger Circuit-Breakers After ‘Soros’-Style Bets Build (zerohedge)
  16. China’s chip output rebounds but still lower than a year earlier (scmp)
  17. Bond Traders Challenge BOJ With Biggest Futures Rout Since 2013 (bloomberg)
  18. Bill Gates says crypto and NFTs are ’100% based on greater fool theory’ (cnbc)
  19. ECB ‘Very Open’ to Stepping In If Markets Overreact, Wunsch Says (bloomberg)
  20. May retail sales unexpectedly decline as consumers confront sizzling hot inflation (foxbusiness)
  21. Inflation Is Poised to Ease According to These Three Key Indicators (bloomberg)
  22. Fed will remain ‘behind the curve’ as long as gas prices climb: Expert (foxbusiness)
  23. Giant Hedge Fund Goes “Soros” On Bank Of Japan: Bets Billions That Japan, And MMT, Will Break (zerohedge)
  24. Hedge Funds Just Sold Stocks At The Fastest Pace On Record, Surpassing Even Lehman Liquidation Spree (zerohedge)
  25. Why Investors Are Toning Down Climate Demands (barrons)
  26. Behind the Fed’s Shift to Consider Bigger Rate Hikes (barrons)
  27. Apple Stock Has Dropped 25% This Year. Why This Analyst Says It’s Still the Best Bet in Tech. (barrons)
  28. Italian bond yields dive and euro climbs as ECB announces emergency meeting on market conditions (marketwatch)
  29. S. Home Equity Hits Highest Level on Record—$27.8 Trillion (wsj)
  30. ECB Looks to Tackle Rising Borrowing Costs in Weaker Economies (wsj)
  31. China’s Economy Shows Signs of Recovery, but Lockdown Threat Remains (wsj)
  32. The Awful Season That Made the Colorado Avalanche Stanley Cup Contenders (wsj)
  33. Private Investors Buy Up Retail Real Estate as Bigger Players Remain Cautious (wsj)
  34. YouTube Reaches 1.5 Billion Users of Shorts, Its TikTok Rival (bloomberg)
  35. European Central Bank to create new tool to address fragmentation risk and temper bond rout (cnbc)
  36. ECB has ‘no limits’ in defence of euro from debt turmoil, says executive (ft)
  37. Hedge Fund Selling Was Never More Furious Than in Last Two Days (yahoo)
  38. Carl Icahn reduces stake in Cheniere Energy after booking realized and unrealized gains of $1.3 bln (marketwatch)
  39. Oil Fight for Your Life. The Energy Report 06/15/2022 (Phil Flynn)
  40. Homebuilder sentiment drops to lowest level in two years as housing demand slows (cnbc)

 

Be in the know. 30 key reads for Tuesday…

  1. Most factories in Shanghai resume work as Covid controls ease, ministry says (cnbc)
  2. Fed Likely to Consider 0.75-Percentage-Point Rate Rise This Week (wsj)
  3. The Fed’s Biggest Interest Rate Hike in 28 Years Could Be Coming (barrons)
  4. Qualcomm Has Upside Thanks to Apple and Samsung, Analyst Says (barrons)
  5. FedEx Raises Dividend, Stock Jumps 9% (barrons)
  6. A Break in Inflation Is on the Way, but It’s the Wrong Break (barrons)
  7. There Might Be a Recession, but It Won’t Be Long, Wall Street Says (barrons)
  8. Fund managers are the most fearful of stagflation in 14 years. Here’s what they’re doing about it. (marketwatch)
  9. Edward O. Thorp — Beating Blackjack and Roulette, Beating the Stock Market, and More (Tim Ferriss)
  10. As the World Tightens, China Prepares to Ease (chinalastnight)
  11. Wall Street braced for sharp Fed rate rise to fight soaring inflation (ft)
  12. The Big Read. BioNTech’s second act: can it transform the fight against cancer? (ft)
  13. Yen hits 24-year low against dollar as Japan sticks to loose monetary policy (ft)
  14. Wharton professor Jeremy Siegel is one of the best stock watchers alive. He says the S&P 500 is already pricing in a recession and bear market (yahoo)
  15. P. Morgan’s Kolanovic Believes Near-Term Recession Will Ultimately be Avoided (streetinsider)
  16. Gilead’s String of Busts Presents Opportunity (wsj)
  17. OPEC Sees Halving in Oil Demand Growth Next Year (bloomberg)
  18. Leon Cooperman Tells CNBC That a Recession Will Hit in 2023 (bloomberg)
  19. Tech Giants Start Getting Real on Augmented Reality (wsj)
  20. Russian oil production has jumped 5% so far in June as China and India continue snapping up discounted barrels (businessinsider)
  21. Oil prices rise even as report says President Biden will visit Saudi Arabia and meet with other top crude producers (businessinsider)
  22. The stock market is tanking but UBS says companies targeting high income spenders could surge as much as 50%. Here are 38 stocks that fit the bill. (businessinsider)
  23. Over 80% of investors expect stagflation to shock markets within a year, according to Bank of America (businessinsider)
  24. Amazon and Spotify Boost Podcast Offerings, and Audiences Soar (bloomberg)
  25. China City Accused of Using Covid Health Codes to Stop Protests (bloomberg)
  26. Nasdaq Bulls See Glimmer of Hope in Aggressive Fed (bloomberg)
  27. The Fed May Discuss the Biggest Interest Rate Increase Since 1994 (nytimes)
  28. What Happens When Stock Markets Become Bears (nytimes)
  29. Higher Unemployment Rate Looms as the Fed Fights Inflation (wsj)
  30. FedEx stock soars toward biggest gain in 29 years (marketwatch)