Be in the know. 15 key reads for Thursday…

  1. Retail investors haven’t been this pessimistic in nine months, AAII survey finds (marketwatch)
  2. The Market Is in Summer Mode. Why Trading Volume Matters So Much. (barrons)
  3. Stock market likely to retest lows in 4-step recovery process, history suggests (marketwatch)
  4. Fast-Money Quants Are Hammered After ‘Everything Went Wrong’ (bloomberg)
  5. China Is Rapidly Building Nuclear Power Plants as the Rest of the World Stalls (bloomberg)
  6. Cramer looks at Disney’s post-earnings stock move to explain Wall Street dynamics (cnbc)
  7. Unwinding of yen ‘carry trade’ still threatens markets, say analysts (ft)
  8. KFC, Pizza Hut’s China owner beats estimates as low-price strategy draws diners (scmp)
  9. Tech war: China’s chip imports surge as firms stockpile ahead of fresh US restrictions (scmp)
  10. Does The Yen Signal Once-In-A-Decade Market Transformation? (chinalastnight)
  11. Sahm Rule is picking up on something that’s ‘very worrisome’: Claudia Sahm (foxbusiness)
  12. China Ramps Up Fight Against Record Bond Rally as Targets Widen (bloomberg)
  13. Buffett’s Japan Holdings Become ‘Bargain’ After Stock Meltdown (bloomberg)
  14. Fed Moving Aggressively on Rate Cuts May Spur PBOC to Ease More (bloomberg)
  15. JPMorgan Says Three Quarters of Global Carry Trades Now Unwound (bloomberg)