Be in the know. 20 key reads for Thursday…

  1. China’s Leaders Plot Pivot Back Toward Boosting Economy (wsj)
  2. Pfizer’s Paxlovid Approved in China, State Council Emphasizes Domestic Consumption (chinalastnight)
  3. ‘Bond King’ Jeffrey Gundlach says the inflation threat is fading fast – and the Fed should end its interest-rate hikes now (businessinsider)
  4. Fed Officials See Higher Rates in 2023. The Path Isn’t Clear. (barrons)
  5. It’s Not Wrong to Take Fed Forecasts With a Grain of Salt (barrons)
  6. Billionaire investor Bill Ackman says the Fed’s inflation target isn’t realistic (businessinsider)
  7. Fed Raises Rate by 0.5 Percentage Point, Signals More Increases Likely (wsj)
  8. Powell Sees Rates Higher for Longer, But Market Doesn’t Buy It (bloomberg)
  9. com’s shares surge amid bets the end of zero-Covid will spark travel boom (scmp)
  10. Jerome Powell’s Grim Inflation Outlook Is at Odds With Markets (wsj)
  11. Xi Stays Silent as Covid Zero Strategy He Championed Crumbles (bloomberg)
  12. China Cranks Up Propaganda Defending Xi as Covid Surges (bloomberg)
  13. Beijing’s Pivot to Growth Comes Very Late (wsj)
  14. China to expand economy, offset ‘bullying’ by turning domestic market into ‘gravitational field’ (scmp)
  15. Opinion: History shows Powell won’t have to hammer the economy like Volcker did (marketwatch)
  16. Apple Supplier Foxconn Cuts Covid Rules at China iPhone Factory. The Damage Might Have Been Done. (barrons)
  17. ChatGPT Is Amazing—and Totally Overrated (barrons)
  18. Wharton professor Jeremy Siegel expects unemployment to spike – but says that could help the US escape a recession (businessinsider)
  19. Goldman Sachs, JPMorgan, and 9 other top Wall Street firms share their predictions for stocks and the economy in 2023 (businessinsider)
  20. US Retail Sales Drop Most in 11 Months, Missing Estimates (bloomberg)