Be in the know. 15 key reads for Tuesday…

  1. Douyin In Talks to Buy BABA’s Ele.me for US$7B: Report (aastocks)
  2. Fed’s Pivot Is Forcing Stock-Market Skeptics to Become Believers (bloomberg)
  3. Jack Ma-backed fishery-and-agriculture company 1.8 Meters starts sale of seafood products via Alibaba’s Freshippo and Tmall (scmp)
  4. Regulator Urges Chinese Companies to Boost Dividends, Buybacks (bloomberg)
  5. One of Wall Street’s biggest bears says the Fed is giving investors a good reason to be bullish in 2024 (marketwatch)
  6. US Says China Curbs ‘Dangerous’ Military Acts After Xi Met Biden (bloomberg)
  7. New Home Construction Surges. Single Family Units Were Highest in More Than a Year. (barrons)
  8. Fed Official Says Rate Cuts Could Be Needed Next Year to Prevent Overtightening (wsj)
  9. More Americans Than Ever Own Stocks (wsj)
  10. America Had ‘Quiet Quitting.’ In China, Young People Are ‘Letting It Rot.’ (wsj)
  11. Beware Economists Who Won’t Admit They Were Wrong (nytimes)
  12. BofA Poll Shows Rate Cut Expectations Fueling Rush Into Stocks (bloomberg)
  13. Demise of Small Caps Haunts Wall Street in the Age of Big Tech (bloomberg)
  14. Holiday spending to be up big even as approval of Biden hits new low, CNBC economic survey shows (cnbc)
  15. The Fed could guide small-cap stocks toward a ‘sweet spot’ as it gets ready to slash interest rates, longtime Morgan Stanley bear says (businessinsider)