Be in the know. 22 key reads for Thursday…

  1. Hedge funds lose $18bn betting against tech stock rally (ft)
  2. China’s big banks cut deposit rates, signaling monetary easing ahead (cnbc)
  3. China Auto Sales Jump 55% Year Over Year (zerohedge)
  4. China’s services activity picks up in May on improved demand (reuters)
  5. CICC Predicts CN Annual GDP Growth at Near 6%; Real Estate Investment Growth May Turn Positive (aastocks)
  6. Google to crack down on office attendance, asks remote workers to reconsider (cnbc)
  7. Semtech Stock Soars. It’s Not Just a Surprise Profit That’s Lifting Hopes. (barrons)
  8. Forget the Naysayers. Why the Stock Market Can Keep Rising. (barrons)
  9. A ‘perfect business.’ Why investors may want to follow the Saudis into golf, says this strategist. (marketwatch)
  10. Martha Stewart says she’s opposed to remote work: ‘Should America go down the drain?’ (marketwatch)
  11. As tech companies take over the market again, don’t forget these bargain dividend stocks (marketwatch)
  12. S. jobless claims leap to nearly two-year high of 261,000 (marketwatch)
  13. S. and China Prepare for Possible Blinken Visit to Beijing (wsj)
  14. Amazon Plans Ad Tier for Prime Video Streaming Service (wsj)
  15. A $1 Trillion Borrowing Binge Looms After Debt Limit Standoff (nytimes)
  16. Why the World Can’t Quit Its Addiction to Chinese Goods (bloomberg)
  17. China’s big banks cut deposit rates, signaling monetary easing ahead (cnbc)
  18. Warren Buffett has made predictions about crypto, table tennis, and even his own death. Here are 12 forecasts and how they’ve turned out. (businessinsider)
  19. Investors should buy the dip as the stock market will keep climbing amid a trifecta of bearish voices, Fundstrat says (businessinsider)
  20. China’s securities regulator touts long-term value investing to soothe investors. CSRC will also continue to encourage sales of stock-focused funds, possibly with tax breaks and favourable accounting rules as incentives. (scmp)
  21. Political Relationship Green Shoots Lift Markets (chinalastnight)
  22. Copper Slump Will Give Way to Record Buying Spree, Citi Says (yahoo)