Be in the know. 22 key reads for Friday…

  1. Move Over, Magnificent Seven Stocks. The Other 493 Are Set to Take Off. (barrons)
  2. Is a stock-market rotation under way? Small caps surge as Magnificent Seven are punished after cool CPI reading. (marketwatch)
  3. Data shows most who take anti-diabetes drugs such as Ozempic for weight loss quit within 2 years, as their cost-effectiveness is questioned (scmp)
  4. Fed Rate Cuts Look Imminent. Why This Big Tech Selloff Could Be Positive and 4 Other Things to Know Today. (barrons)
  5. Citigroup tops expectations for profit and revenue on strong Wall Street results (cnbc)
  6. “the PPI was actually “a lot better” than it looks, given that the components that feed into the PCE were benign.” (bloomberg)
  7. Why Dividend Aristocrats and REIT Stocks Are Poised to Rally (barrons)
  8. Traders piled into bets against small-cap stocks at exactly the wrong time (marketwatch)
  9. China’s Highest-Level Economic Summit Kicks Off Soon. 3 Things to Know. (barrons)
  10. ‘Christmas in July’: Why Goldman and Other Big Bank Stocks Have Taken Off (barrons)
  11. Fed’s Goolsbee: ‘Profoundly encouraging’ June CPI data makes case for rate cuts (marketwatch)
  12. Fed’s Daly says U.S. economic data now justify an interest-rate cut (marketwatch)
  13. One S&P 500 sector has gotten less expensive — even while rising by double digits (marketwatch)
  14. Why Jack in the Box, Wendy’s, and Other Cheap Restaurant Stocks Are Jumping (barrons)
  15. Milder Inflation Opens Door Wider to September Rate Cut (wsj)
  16. The One-Child Policy Supercharged China’s Economic Miracle. (wsj)
  17. The Chrysler Building, the Jewel of the Manhattan Skyline, Loses Its Luster (nytimes)
  18. Yen keeps markets on edge, data points to BOJ intervention (streetinsider)
  19. ‘Get us more paper’ — Indian equity issuance hits record high (ft)
  20. Sterling surges to one-year high after UK growth and US inflation surprises (ft)
  21. Hong Kong and mainland Chinese exchanges add 91 ETFs to Stock Connect scheme (scmp)
  22. A Once-in-a-Decade Opportunity: 2 Magnificent S&P 500 Dividend Stocks Down 47% and 59% to Buy in the Second Half of 2024 (fool)