Be in the know. 12 key reads for Thursday…

  1. There’s good reason to think that the 2-day surge in stocks this week wasn’t just another bear market rally, according to Fundstrat (businessinsider)
  2. Jobless claims rise more than expected as market starts to cool (foxbusiness)
  3. Biotech Hasn’t Been This Blazing Hot Since Early 2021 — Here Are The Top 5 (investors)
  4. China’s Xi Is Getting a Third Term. Investors Hope Something Gives. (barrons)
  5. China’s Most Important Political Meeting Is Coming. What Investors Need to Know. (barrons)
  6. Global economy will ‘crumble’ if Fed doesn’t stop hiking interest rates, billionaire investor Sternlicht says (marketwatch)
  7. Europe Has the Strength to Sail Through a Recession (barrons)
  8. K. Home-Builder Stocks May Be a Buying Opportunity as the Pound Tanks (barrons)
  9. Everything you want to know as OPEC+ agrees to cut oil production (businessinsider)
  10. Nobel laureate Paul Krugman warns the Fed risks going too far in fighting inflation – and predicts a return to rock-bottom interest rates (businessinsider)
  11. Wharton Professor Jeremy Siegel says he’s disturbed by the Fed’s groupthink as there are no members who have dissented with Powell’s hawkishness (businessinsider)
  12. Revolutionary Retreat. The Energy Report 10/06/2022 (Phil Flynn)