Be in the know. 23 key reads for Monday…

  1. Hedge Funds Catapulted Treasury Shorts to Record at Wrong Time (bloomberg)
  2. AliExpress has overtaken Amazon to become Europe’s biggest e-commerce site (daoinsights)
  3. Ant Receives Chinese Government Nod to Roll Out AI Services (bloomberg)
  4. 80% of China’s technology companies & half of the large model companies run on Alibaba Cloud (alizila)
  5. China’s Li Vows to Boost Imports, Expand Market Access. Premier also says rights of foreign investors to be protected (bloomberg)
  6. Yellen to Meet With China Counterpart This Week Before Biden-Xi Talks (bloomberg)
  7. The Magnificent Seven are trading at an average price-to-earnings ratio of 41, compared with the equal-weighted S&P 500’s P/E of 15, according to RBA. (barrons)
  8. Citigroup mulls deep job cuts for CEO Jane Fraser’s corporate overhaul, called ‘Project Bora Bora’ (cnbc)
  9. How the market’s forgotten stocks could lead a ‘once-in-a-generation’ buying opportunity (businessinsider)
  10. Empire State Building office occupancy rate tops 90% to buck NYC’s woes (nypost)
  11. Markets Got an Unexpected Boost From Washington. Will It Mark a Turning Point? (wsj)
  12. Disney is the No. 1 cruise line for families, travelers say (cnbc)
  13. Disney Faces Peltz’s Second Assault (barrons)
  14. Taobao’s generative AI chatbot has been used by more than 5 million people (alizila)
  15. Alibaba Cloud unveiled a suite of industrial models built on Alibaba Cloud’s foundational model, Tongyi Qianwen. The models can boost productivity and enhance user experience for individual and corporate users (alizila)
  16. Who’s Who of China’s Influencers Turbocharge 11.11 Shopping Bonanza (alizila)
  17. Legendary investor Charlie Munger blasted gamblers, touted Heinz and Hermès, and revealed Warren Buffett’s views in a rare interview this week. Here are his 22 best quotes. (businessinsider)
  18. Freshippo Keeps Competitive Edge with Price Cuts (alizila)
  19. Bank of America: Buy these 56 losing stocks that are on the verge of becoming winners, thanks to a little-known investing strategy that has consistently outperformed the market since 1986 (businessinsider)
  20. China, Australia agree to turn the page as tensions ease (reuters)
  21. Hedge funds pile into US stock rally at fastest pace in 2 years – Goldman Sachs (reuters)
  22. Chinese brokerages surge as regulator lowers risk control requirements (scmp)
  23. Jim Cramer gets to the core of Apple after earnings (cnbc)