Be in the know. 20 key reads for Thursday…

  1. “In the Midst of Chaos, There is Also Opportunity.” -Sun Tzu (chinalastnight)
  2. Profits Soar as U.S. Corporations Have Best Year Since 1950 (bloomberg)
  3. 3 reasons why stocks could move higher in the face of an inverted yield curve, according to Fundstrat’s Tom Lee (businessinsider)
  4. Opinion: Stop panicking over the inverted yield curve — the odds of a recession are still low (marketwatch)
  5. This Is How Boeing’s 737 MAX Will Again Be Flying in China (barrons)
  6. Consumer Spending Grows Less Than Expected (barrons)
  7. The Yield Curve Briefly Sent a Recession Warning. Here’s What That Tells Us. (barrons)
  8. Big Stock Sales Are Supposed to Be Secret. The Numbers Indicate They Aren’t. (wsj)
  9. Biden Is Expected to Tap Oil Reserves to Control Rising Gasoline Prices (wsj)
  10. It Isn’t Just Tom Brady—More People Are Coming Out of Retirement (wsj)
  11. OPEC+ Refuses to Deviate From Gradual Oil Output Hikes (bloomberg)
  12. China Says it Opposes U.S. Putting Its Firms on Security List (bloomberg)
  13. Xi Keeps China Investors Guessing With Mystery Politburo Meeting (bloomberg)
  14. Chinese stocks fall after SEC warns Baidu of potential delisting for failing to comply with US financial audit (businessinsider)
  15. S. inflation jumps again and hits 6.4% rate, the Fed’s favorite price gauge shows (marketwatch)
  16. Waymo starts testing fully driverless robotaxi rides in San Francisco (marketwatch)
  17. Goldman Confirms Biden’s SPR Release Plan Does Nothing To Resolve Structural Supply Deficit, OPEC+ Sticks To Output Plan (zerohedge)
  18. Vertex shares promising clinical data for its experimental non-opioid pain treatment (marketwatch)
  19. Russia Evades Default Again as JPMorgan Processes Bond Payment (bloomberg)
  20. CDC lifts travel warning for the cruise industry two years into pandemic (foxbusines)