Be in the know. 20 key reads for Thursday…

  1. Now Is the Time to Invest Overseas (barrons)
  2. Next Leg Up In Chinese Stocks Hinges On Non-Asian Investors (zerohedge)
  3. These 10 Most Undervalued Stocks Are Unstoppable, Morningstar Says (investors)
  4. How to Invest in China Now (barrons)
  5. ‘It’s dead money’ – Some see systemic risks as money-market funds park trillions with Fed (marketwatch)
  6. El-Erian Says the Fed Should Take a Tip From ‘Hamilton’ (barrons)
  7. China clears path for foreign investors to $5tn swaps market (ft)
  8. China’s Services Activity Surges to More Than Two-Year High (bloomberg)
  9. J&J shares jump as it proposes $9B talc lawsuit settlement (nypost)
  10. Harold Varner blasts fellow LIV golfers ahead of Masters: ‘They’re full of s–t’ (nypost)
  11. US Jobless Claims Beat Estimates After Updated Seasonal Factors (bloomberg)
  12. China Restraint on Taiwan Shows Xi Has Bigger Concerns Right Now (bloomberg)
  13. The Gambler Who Beat Roulette (bloomberg)
  14. Nassim Taleb On What Bitcoiners, Anti-Vaxxers, VCs and Deadlifters Are Getting Wrong (bloomberg)
  15. Xi Jinping Launches a Charm Offensive to Repair China’s Tattered Image (bloomberg)
  16. Hedge Fund Billionaire Chase Coleman Says Buy Big Tech Stocks (bloomberg)
  17. Layoffs are up nearly fivefold so far this year (cnbc)
  18. Powell’s Fed may be remembered not for conquering inflation but for undermining its own credibility, Mohamed El-Erian says (businessinsider)
  19. Tech stocks’ big rally isn’t likely to fizzle out anytime soon, LPL Financial says (businessinsider)
  20. The US dollar could weaken another 15% over the next 18 months as cooling inflation prompts the Fed to cut rates, research firm says (businessinsider)

“Stuck in the Middle with You” Stock Market (and Sentiment Results)…

As you can see in the chart above, there have been no gains for the S&P 500 for 12 months, and there have been no gains in the S&P 500 for 24 months.  It is unchanged!  As the old saying goes, markets can correct in price or in time.  In this case it has been working off its excess post-covid run for two years, while earnings have continued to press forward: Continue reading ““Stuck in the Middle with You” Stock Market (and Sentiment Results)…”