Be in the know. 13 key reads for Friday…

  1. Alibaba says new AI model Qwen2 bests Meta’s Llama 3 in tasks like maths and coding (scmp)
  2. US Payroll Gains and Unemployment Rate Both Pick Up at Same Time (bloomberg)
  3. China’s foreign goods trade picks up steam in first 5 months (cn)
  4. Economists expect realty bounce soon (cn)
  5. Payrolls Instant Reaction: A Schizophrenic Report (zerohedge)
  6. Has Lululemon Athletica Turned a Corner? Perhaps Not, Wall Street Says. (barrons)
  7. ‘The China equity trade is back’ and here are the stocks to pick, says SocGen (marketwatch)
  8. A look inside a $1 billion real-estate bet on the future of San Francisco (marketwatch)
  9. Three stocks now account for 20% of the S&P 500’s value. That’s making some investors nervous. (marketwatch)
  10. Opinion: S&P 500 is now giving a ‘buy’ signal and there’s strong support for a summer rally (marketwatch)
  11. Too soon for small caps? This money manager is picking up bargains. (marketwatch)
  12. ECB Cuts Interest Rates for First Time Since 2019 (wsj)
  13. Big US Job Gains Is Out of Sync With Recent Weaker Economic Data (bloomberg)