Be in the know. 20 key reads for Wednesday…

  1. Fed Officials Signal Divide Over Whether to Hike Rates Again (bloomberg)
  2. Tencent, BYD slam Hong Kong stocks in US$26 billion sell-off (scmp)
  3. Good News for Alibaba and Other Chinese Stocks. UBS Sees 3 Reasons to Be Bullish. (barrons)
  4. Today’s Fed Minutes Could Hold Clues to Future Moves (barrons)
  5. Bank Earnings Are a Big Test. Wall Street Is Banking On a Passing Grade. (barrons)
  6. Warren Buffett says more banks may fail, but he’s willing to bet $1 million that depositors won’t lose money (marketwatch)
  7. 3M, Danaher, and Kellogg Are Spinoff Stock Plays (barrons)
  8. Warren Buffett Is Bullish on Japan. Why Other Investors Should Be Too. (barrons)
  9. Top US Banks to Reveal Biggest Deposit Drop in a Decade (bloomberg)
  10. JPMorgan Calls Managing Directors Into Office Five Days a Week (bloomberg)
  11. Traders Boost Bets on Fed Rate Cuts by Year End After CPI (bloomberg)
  12. Wall Street is wrong: Former Pimco chief economist Paul McCulley sees rate hikes ending next month (cnbc)
  13. Wharton professor Jeremy Siegel reveals his investment plan if a recession hits and reiterates his view that the stock market bottom is in (businessinsider)
  14. “Probably Means The Fed Is Done Hiking”: Wall Street Reacts To “Cooler” CPI Report (zerohedge)
  15. US inflation eased to lowest level in nearly two years in March (ft)
  16. Top Fed officials debate need for further rate rise amid bank stress (ft)
  17. China still a key market for Intel, CEO says in Beijing trip (scmp)
  18. Spring Refining Capacity Fever. The Energy Report 04/12/2023 (Phil Flynn)
  19. Fed Official: ‘We Need to Be Cautious’ on Raising Rates After Bank Failures (wsj)
  20. AI Can Write a Song, but It Can’t Beat the Market (wsj)