Be in the know. 20 key reads for Thursday…

  1. Medicare Drug Pricing Reform Fails in Committee: Congress Update (Bloomberg)
  2. Macau’s Review of Casino Operations Sparks a Selloff, and a Buying Opportunity (Barron’s)
  3. Retail sales post surprise gain as consumers show strength despite delta fears (CNBC)
  4. No Chinese Stock Left Among Global Top 10 as Tencent Slides (Bloomberg)
  5. Southeast Asia has added 70 million online shoppers since Covid, report finds (CNBC)
  6. The stock market is undergoing a slow motion deterioration with pockets of shares down 20% or more (CNBC)
  7. FTC Turns Up Heat on Big Tech, Promising More Antitrust Scrutiny (Barron’s)
  8. Jerry Seinfeld Was Right: New York’s Not Dead (Bloomberg)
  9. Democratic Tax Proposal Takes Aim at ETFs (Wall Street Journal)
  10. Demand for Natural Gas Will Keep Prices High. What to Know. (Barron’s)
  11. Oil Just Broke $70. Why It Can Go to $100. (Barron’s)
  12. How the U.S. Nailed the Economic Response to Covid-19 (Wall Street Journal)
  13. China’s Economic Recovery Is Looking Gloomier (Wall Street Journal)
  14. China Has Fully Vaccinated More Than 1 Billion People (Bloomberg)
  15. Jim Cramer lists 12 ways for stocks to shake off their September struggles (CNBC)
  16. There was insider trading on NFT platform OpenSea, the $1.5 billion start-up admits (CNBC)
  17. Emotional AI and other ‘moonshot’ technologies could grow to $6 trillion market by 2030, says Bank of America (marketwatch)
  18. US builds bulwark against China with UK-Australia security pact (Financial Times)
  19. Lachlan Murdoch becomes serial dealmaker at helm of media empire (Financial Times)
  20. Stay bullish and remember September is markets’ weakest month of year: Belski (Fox Business)

Credit Spreads and the Stock Market (plus Sentiment Results)…

Last week we said, “while everyone debates whether we are going to have a ‘September Swoon’ or not, take a step back and look for sectors/stocks that have already had a ‘Summer Swoon’ and buy the quality stocks that are on sale.”  In that context we talked about BA, CI, and EOG. Continue reading “Credit Spreads and the Stock Market (plus Sentiment Results)…”

Be in the know. 25 key reads for Wednesday…

  1. Wells Fargo Should Be Broken Up, Warren Says. The Stock Is Rising. (Barron’s)
  2. Fanfare erupts in NYC Broadway’s biggest hits reopen to massive standing ovations, jubilation (New York Post)
  3. Ray Dalio says if bitcoin is really successful, regulators will ‘kill it’ (CNBC)
  4. Mortgage applications tick higher, average loan size nears $400K (Fox Business)
  5. Our Most Reliable Pandemic Number Is Losing Meaning (theatlantic)
  6. Wynn, Las Vegas Sands Slide as Macau to Boost Casino Supervision. What to Watch (Barron’s)
  7. Over 30 of James Bond’s Cars, Boats and Planes Will Star in a New Petersen Museum Exhibition (Robb Report)
  8. ‘Once Upon a Time in Queens’ Review: Meet the Mets (Wall Street Journal)
  9. Broadway reopens with big shows including ‘Hamilton’ and ‘Wicked’ (New York Post)
  10. September Bank of America Global Fund Manager Survey Results (Summary) (Hedge Fund Tips)
  11. Facebook Knows Instagram Is Toxic for Teen Girls, Company Documents Show (Wall Street Journal)
  12. Dan Wang Explains What China’s Tech Crackdown Is Really All About (Bloomberg)
  13. The Rich Catch a Break—Sort of—With House Tax Plan. What to Know. (Barron’s)
  14. Macau Casinos’ Uncommon Prosperity Is at Risk (Wall Street Journal)
  15. Boeing (BA) Delivered 22 Jets in August, Including 14 737 MAX (streetinsider)
  16. SoFi Technologies (SOFI) Gets Another ‘Buy’ Rating as Mizuho Analyst Sees Nearly 100% Upside (streetinsider)
  17. Boeing (BA) Lifts Long-term Demand Forecast Amid Signs of Industry Recovery (streetinsider)
  18. 0% Rates May Last Until 2023 or Longer: 5 Surprising Stocks to Buy Now With Income and Safety (24/7 Wall Street)
  19. Energy commodities have been the best-performing asset against inflation, research finds. Here’s what else works. (MarketWatch)
  20. Good News for Stocks: Companies Have Barely Begun to Return Money to Shareholders (Barron’s)
  21. Alibaba Invests in Chinese Self-Driving Unicorn in Latest Electric Vehicle Move (Barron’s)
  22. A China Survey Finds Investors Lack Basic Financial Knowledge. How That Can Jolt Chinese Stocks. (Barron’s)
  23. China’s economic activity cools further in August, as retail sales slow (MarketWatch)
  24. Since 1983, here’s the tipping point where bonds spell trouble for stocks (MarketWatch)
  25. Europe fears a gas crunch even before winter demand begins (Financial Times)