Be in the know. 15 key reads for Monday…

  1. Billionaire investor Dan Loeb praised SPACs, revealed his winning bets, and predicted a surge in risky debt in his latest investor letter (Business Insider)
  2. Yellen’s Views on the Deficit and Rates Have Been Consistent—Even if Wrong (Barron’s)
  3. Australian business conditions hit record high (MarketWatch)
  4. Higher Prices Leave Consumers Feeling the Pinch (Wall Street Journal)
  5. Sotheby’s, Christie’s Expect to Sell $1 Billion in Art at Spring Auctions (Wall Street Journal)
  6. Economists Disagree Over How Much Covid-19 ‘Herd Immunity’ Needed for Recovery (Wall Street Journal)
  7. As Scrutiny of Cryptocurrency Grows, the Industry Turns to K Street (New York Times)
  8. Hacked Pipeline May Stay Shut for Days, Raising Concerns About Fuel Supply (New York Times)
  9. VIX Higher Than Actual Volatility Is Good News for Stock Bulls (Bloomberg)
  10. Alibaba’s Ant Group will let more users test China’s digital yuan (CNBC)
  11. This is the ‘greatest threat’ to Big Tech’s S&P 500 dominance, Goldman says (MarketWatch)
  12. BioNTech shares soar 8% in premarket as COVID-19 vaccines help revenues smash estimates (MarketWatch)
  13. Retail Participation In Stock Trading Has Collapsed (ZeroHedge)
  14. COLONIAL PIPELINE POP. The Energy Report 05/10/2021 (Phil Flynn)
  15. Will inflation thwart the US economic recovery? (Financial Times)