Be in the know. 16 key reads for Wednesday…

  1. Alibaba’s Grocery Arm Gears Up for Hong Kong IPO (bloomberg)
  2. Wall Street turns even more bullish on China’s economy as the end of zero COVID boosts growth (businnessinsider)
  3. Goldman Sachs Says Mega-Cap Tech Leaders Offer the Best Way to Play the AI Boom (24/7 Wall Street)
  4. Why the ‘pain trade’ explains the stock market’s continued rise despite bad news (marketwatch)
  5. Andy Beal, America’s richest banker, makes a massive bond bet on inflation (marketwatch)
  6. Netflix Lays Bare Tech’s Big Conundrum: How to Cut Costs While Boosting Growth (barrons)
  7. Why the Stock Market Is Going Up When Worries Abound (barrons)
  8. Redfin sees U.S. home prices in March fall the most in 11 years (marketwatch)
  9. Western Alliance Stock Surges as Bank Deposits Stop Falling. It Buoys Other Regionals (barrons)
  10. China’s Consumers Give Economy a Post-Covid Boost (wsj)
  11. China’s Economic Renaissance Poses a Fresh Dilemma (bloomberg)
  12. Bank of America customers are spending more and that’s supporting U.S. employment, CEO says (cnbc)
  13. The Fed must end rate hikes quickly to avoid a recession as inflation is cooling and the banking system remains fragile, Moody’s Analytics chief economist says (businessinsider)
  14. Investors who ‘sell in May and go away’ this year could miss a big summer rally in the stock market, Bank of America says (businessinsider)
  15. A Signal Flashes That Was Bullish Last Nine Times (zerohedge)
  16. Intuitive Surgical (ISRG) delivers best procedure growth in a decade; shares gain (streetinsider)