Be in the know. 20 key reads for Wednesday…

  1. China’s Improving Market Breadth Is Good News for Stock Bulls (bloomberg)
  2. China’s online retail sales up 11.5 pct in January-April period (cn)
  3. China’s 618 shopping festival: Alibaba touts early sales after withholding data last year, a sign of brighter outlook (scmp)
  4. China’s property stimulus bazooka fuels instant rebound in sentiment as inquiries, home sales in Shanghai, Beijing jump (scmp)
  5. China stock rally far from over as Beijing doles out stimulus: Alpine Macro (streetinsider)
  6. Hedge Funds Trim Big Tech Exposure in Hunt for Other AI Winners (bloomberg)
  7. The SEC’s T+1 settlement rule will transform stock trading: Here’s what you need to know. (marketwatch)
  8. Risky Bonds Join Everything Rally (wsj)
  9. The Highest Paid CEOs of 2023 (wsj)
  10. Biogen to Pay Up to $1.8 Billion for Immune Drug Developer (bloomberg)
  11. The last bear on Wall Street: Why JPMorgan’s Marko Kolanovic is sticking by his forecast for a 20% market sell-off (businessinsider)
  12. ‘Not a good sign:’ Lululemon (LULU) stock down after CPO departs (streetinsider)
  13. A tidal wave of cash is headed for markets post-Nvidia results, this strategist argues. (marketwatch)
  14. Several Chinese cities slash down payments, mortgage rates to boost property demand (yahoo)
  15. Meta AI chief says large language models will not reach human intelligence (ft)
  16. Japan’s 10-year yield tops 1% for first time in 11 years (ft)
  17. Time to Pounce: 2 Ultra-High-Yield S&P 500 Dividend Stocks That Are Screaming Buys Right Now (fool)
  18. BABA-SW Pumps US$230M into Lazada (aastocks)
  19. Chinese premier stresses financial support for real economy (cn)
  20. It’s not your imagination. Pickleball courts are everywhere (cnbc)