Be in the know. 18 key reads for Friday…

  1. The stock market has flipped from ‘sell the rip’ to ‘buy the dip,’ and that should help push the S&P 500 above a key resistance level (businessinsider)
  2. Markets Aren’t Buying What the Fed Is Selling. There’s a Good Reason Why. (barrons)
  3. Stocks are rallying, but investors say they’re miserable. That’s a good thing. (marketwatch)
  4. Disney Scraps Plan for $900 Million Florida Campus, Closes ‘Star Wars’ Adventure Hotel (wsj)
  5. Home Prices Posted Largest Annual Drop in More Than 11 Years in April (wsj)
  6. Chinese Dissidents’ New Weapon Against Beijing: Sell-Out New York Comedy Shows (wsj)
  7. S., Taiwan Reach Trade Deal as Tensions With China Simmer (wsj)
  8. Bargain Hunters Turn to Walmart, Boosting Sales (wsj)
  9. The NHL’s Palm Tree Playoffs (wsj)
  10. In Battle Over A.I., Meta Decides to Give Away Its Crown Jewels (nytimes)
  11. China Tech Megacaps in a Funk Despite Upbeat Sales: Tech Watch (bloomberg)
  12. This Week in China: Nothing Is Good Enough for Impatient Market (bloomberg)
  13. Carl Icahn lost $9 billion on an ill-timed short trade. Here’s what he says are 3 big lessons from the soured bet. (businessinsider)
  14. Fed’s Williams says there is no evidence the era of very low ‘natural’ rates of interest has ended (marketwatch)
  15. Small-caps are on track for yet another dismal year, but there are some solid reasons why they might be a good investment—especially now (marketwatch)
  16. Las Vegas Sands & Wynn Resorts price target raised at UBS on Macau recovery (streetinsider)
  17. Ron DeSantis Slammed By Miami Mayor for ‘Personal Vendetta’ On Disney: 2,000 Jobs Gone, $1B Fallout (benzinga)
  18. China’s Big Tech bosses take different business approaches towards generative AI like ChatGPT (scmp)