Be in the know. 20 key reads for Saturday…

  1. Everyone Expects the Stock Market to Tumble. What If It Goes Up Instead? (barrons)
  2. “Margin debt a percentage [of] market cap now 1.59%, matching ‘dot-com’ 2002 25-year low,” Fundstrat said. (businessinsider)
  3. Hedge Fund Trade With a History of Blowups Is Back Again (bloomberg)
  4. S. can avoid default in July if Treasury can make it through June cash crunch, Congressional Budget Office says (cnbc)
  5. General Dynamics Stock Is Sliding. One Director Scooped Up Shares.
  6. Rand Hits Record Low as U.S. Says South Africa Supplied Weapons to Russia (barrons)
  7. Buy Topgolf Callaway Stock. Why the Battered Shares Are Worth a Shot. (barrons)
  8. It May Be Time to Nibble on Small-Cap Stocks. Just Don’t Gorge. (barrons)
  9. Healthcare Stocks Are on Sale. Pfizer and Stryker Have Strong Growth Prospects. (barrons)
  10. The U.S. and China Are Finally Talking Again, but Mistrust Clouds Next Steps (wsj)
  11. Stop Equating the Latest Bank Failures to the 2008 Crisis (wsj)
  12. China to send special envoy to seek ‘political settlement’ to Ukraine war (ft)
  13. Yellen: ‘A growing China that plays by international rules’ is ‘good for the US’ (foxbusiness)
  14. How Lyft’s new CEO is ‘copying’ his former boss Jeff Bezos to turn around the company (cnn)
  15. Russell Death Cross Implications for SPX (quantifiableedges)
  16. 5 Book Recommendations From Warren Buffett (acquirersmultiple)
  17. 2023 Berkshire Hathaway Annual Meeting Full Video (cnbc)
  18. If you are going to buy banks, buy a whole basket of them: Ariel Investment’s John Rogers (cnbc)
  19. What I Learned From the Oracle of Omaha & Charlie Munger (contrarianedge)
  20. Letter #80: Todd Combs (2023) (substack)