Category: What I’m Reading Today

Be in the know. 21 key reads for Saturday…

  1. A Case Is Building for Battered China Stocks to Beat India Peers (bloomberg)
  2. The Fed Isn’t the Only Thing Sending the Stock Market Higher (barrons)
  3. Real Estate Euphoria Highlights Trader Angst for End to Hikes (bloomberg)
  4. Tesla’s $55 ‘OMFG’ Shattered Cybertruck Decal Sells Out in Hours (bloomberg)
  5. Cell-Tower REITs Are Beckoning Investors. Pick Up the Call. (barrons)
  6. Suicide Risk From Weight-Loss Drugs Prompts More EU Questions (bloomberg)
  7. No April rate cuts will be ‘the best thing for the market’, says Bespoke Investment’s Paul Hickey (cnbc)
  8. Alibaba Int’l Digital Commerce Releases 3 AI Design Ecological Tools, Covering 500K Designers Now (aastocks)
  9. Fed starting gun for $6 trillion dash from cash (reuters)
  10. Construction spending climbs again, fueled by commercial investment and public works (marketwatch)
  11. Here’s what it would take for the Fed to start slashing interest rates in 2024 (cnbc)
  12. Fed’s Goolsbee says worries that inflation would get stuck above 3% have been proven wrong (marketwatch)
  13. Bullish investors take heart in Powell’s ‘balanced’ outlook (reuters)
  14. (foxbusiness)
  15. Xi Takes Flurry of Small Steps to Open China After US Trip (bloomberg)
  16. There’s no recession coming and the Fed is likely done, says Carson Group’s Ryan Detrick (cnbc)
  17. Rate Hikes Are Probably Over, but Fed Officials Are Reluctant to Say (wsj)
  18. Weight-Loss Stocks Are Getting Pricey. Time to Worry About a Bubble? (barrons)
  19. Almost $6 trillion cash pile in money markets may need to start being redeployed soon, Janus Henderson says (marketwatch)
  20. Citi CEO: How We’re Turning the Bank Around (barrons)
  21. These 11 Stocks Have Been Left Out of the Tech Rally. Maybe Not for Long. (barrons)

Be in the know. 12 key reads for Friday…

  1. S&P 500’s Historic 8.9% Rally Blindsides Skeptics on Wall Street (bloomberg)
  2. Powell Takes the Stage. Will He Talk Rate Cuts? (barrons)
  3. Pfizer’s Weight Loss Drug Won’t Enter a Phase 3 Trial. The Stock Drops. (barrons)
  4. It’s Shopping Season for Cut-Price Closed-End Funds (barrons)
  5. Nelson Peltz Launches Fresh Proxy Fight Against Disney (wsj)
  6. Bill Gross says beaten-down mortgage plays may thrive — and offer huge yields (marketwatch)
  7. Alibaba downgraded by Morgan Stanley, which says PDD is top China e-commerce play (marketwatch)
  8. Chinese Stocks Stage Late Recovery After State Buying Report (bloomberg)
  9. Why It’s So Hard to Copy Charlie Munger’s Secret Sauce (wsj)
  10. The Startling Economics of the World’s Largest Cruise Ship (wsj)
  11. No More Dry Burgers: McDonald’s Overhauls Its Biggest Item (wsj)
  12. Fed Officials Shift Tone But Remain Wary of Markets’ Aggressive Rate Cut Bets (bloomberg)

Be in the know. 27 key reads for Thursday…

  1. China’s Economy Shows Signs of Life. It Isn’t Out of the Woods Yet. (barrons)
  2. Individual investors sold nearly $16 billion worth of stocks in October (bloomberg)
  3. Ford Stock Rises. The Company’s Guidance Surprised. (barrons)
  4. Xi’s Shanghai Trip Demonstrates Support For Real Estate, Technology Sectors (chinalastnight)
  5. Inflation hits lowest level since 2021, Fed’s preferred gauge shows (yahoo)
  6. Henry Kissinger, Who Helped Forge U.S. Foreign Policy During Vietnam and Cold Wars, Dies at 100 (wsj)
  7. Former secretary of state and national security adviser preached and personified realpolitik (ft)
  8. GM’s $10 Billion Apology (wsj)
  9. Alibaba pushes new AI tool to help wholesale merchants manage overseas clients (scmp)
  10. Consumer-spending slowdown could add to improving inflation picture (marketwatch)
  11. US Clean Energy Stocks Have Lost $30 Billion In Value In The Last 6 Months (zerohedge)
  12. “Mr. President, Tap The Brakes”: 3,900 Auto Dealers Warn EV Demand Crumbling (zerohedge)
  13. It’s Tesla Cybertruck Day. Price Is a Big Mystery. (barrons)
  14. PCE Inflation Slips as Expected. The Fed Could Mull Rate Cuts. (barrons)
  15. 7% Dividend Yields or Higher: The S&P 500’s 6 Best Payouts (barrons)
  16. Tesla CEO Elon Musk on the EV Slowdown and ‘Terrible’ Human Drivers (barrons)
  17. Fed’s Beige Book finds economy has slowed — and so has inflation (marketwatch)
  18. The Fed Is Tightening More Than It Says (barrons)
  19. How ‘Value’ Stocks Like Bank of America Can Trounce Growth for a While (barrons)
  20. For Collector Cars, Specialized Insurance Is Both Cheaper and Much Better (barrons)
  21. Jobless claims tick higher, and continuing claims are highest in two years (marketwatch)
  22. Charlie Munger’s Life Was About Way More Than Money (wsj)
  23. Fed’s Bostic Says Evidence Points to Downward Path for Inflation (bloomberg)
  24. Why No One Wants to Pay for the Green Transition (wsj)
  25. Billionaires amass more through inheritance than wealth creation, says UBS (ft)
  26. Fed’s Williams Expects Policy to Stay Restrictive for Some Time (bloomberg)
  27. Schizophrenia Is Coming for the Election-Year Economy (bloomberg)

Be in the know. 45 key reads for Wednesday…

  1. House Prepares to Drop China Investment Curbs From Defense Bill (bloomberg)
  2. Chinese-Style Quantitative Easing Emerges as Property Fix Option (bloomberg)
  3. 44 memorable Charlie Munger quotes about life and markets (yahoo)
  4. Disney CEO Bob Iger tells employees he wants to start building again during town hall (cnbc)
  5. 9 of Charlie Munger’s best investing lessons and words of wisdom (morningstar)
  6. Here are 85 famous Charlie Munger quotes (linkedin)
  7. Charles T. Munger, Much More Than Warren Buffett’s No. 2, Dies at 99 (nytimes)
  8. Eight Beaten-Down Stocks Including Pfizer and Hasbro That Look Like Bargains (barrons)
  9. Foot Locker Stock Jumps. Sales Outlook Is Brighter. (barrons)
  10. Fed Officials Hint That Rate Increases Are Over, and Investors Celebrate (nytimes)
  11. Amazon Introduces Q, an A.I. Chatbot for Companies (nytimes)
  12. Munger’s Advice on Investing, Life Was Often Colorful, and Never Dull (barrons)
  13. What Charlie Munger’s Death Means for Berkshire Hathaway (barrons)
  14. GM shares jump on stock buyback, dividend hike and reinstated 2023 guidance (cnbc)
  15. Bill Ackman warns economy will fall off a cliff if the Fed doesn’t hurry and cut rates (marketwatch)
  16. Munger Became a Legendary Investor Because of This One Impeccable Skill (barrons)
  17. “The feeling of divergence between the two Chinese e-commerce giants was reinforced by a post by Alibaba founder Jack Ma on Wednesday in an internal staff forum, praising PDD’s decision-making and execution but saying he was confident that Alibaba would change, in a comment seen by Barron’s and translated using online tools.” (barrons)
  18. Warren Buffett’s Right-Hand Man Charlie Munger Dies at 99 (barrons)
  19. Charlie Munger, Warren Buffett’s Partner and ‘Abominable No-Man,’ Dies at 99 (wsj)
  20. From tapas in Vegas to Korean BBQ in Charleston, see Yelp’s 25 hottest new restaurants (usatoday)
  21. Jack Ma Urges Alibaba to ‘Correct Course’ in Internal Memo (bloomberg)
  22. US Economy Grew 5.2% in Third Quarter, More Than First Estimated (bloomberg)
  23. The Charlie Munger Principles to Invest and Live By (bloomberg)
  24. A Master of One-Liners: Munger on Politics, Life and Crypto (bloomberg)
  25. Charlie Munger, Who Helped Buffett Build Berkshire, Dies at 99 (bloomberg)
  26. Goldman’s Jan Hatzius Believes the Hard Part Is Over (bloomberg)
  27. Xi Is Delegating More Authority in China to His Trusted No. 2 (bloomberg)
  28. Charlie Munger Wrote His Own Best Eulogy (bloomberg)
  29. The folksy wit of Charlie Munger in 8 memorable quotes (qz)
  30. What Warren Buffett Said About Charlie Munger (wsj)
  31. Hedge Fund’s Bets on Distressed Emerging Markets Pay Off (bloomberg)
  32. Bugatti, Ferrari, Mercedes Are the Most Expensive Classic Cars of 2023 (bloomberg)
  33. Charlie Munger’s sharp wit turned Berkshire meetings into uproarious affairs. Here’s a sample (cnbc)
  34. Charlie Munger: These ‘basic rules’ made me successful in life—‘with Warren Buffett, I had all 3’ (cnbc)
  35. The S&P 500 will jump 12% to fresh record highs next year, even if a recession hits, BMO says (businessinsider)
  36. Make these 5 investments as stocks climb to record highs in 2024, according to top strategists at Bank of America and BMO Capital Markets (businessinsider)
  37. Charlie Munger was still a master of the one-liner in his 90s, calling crypto ‘venereal disease’ and AI overhyped (businessinsider)
  38. Meet Greg Abel, Warren Buffett’s successor and heir apparent to Berkshire Hathaway (businessinsider)
  39. Munger himself compiled a list of common mistakes people make, and they’re not just about investing. (marketwatch)
  40. Opinion: I once asked Charlie Munger about his wealth. Here’s how he responded, and what he meant to Warren Buffett (marketwatch)
  41. Hawaiian Electric Refocuses Grid Plan on Wildfire Risk (wsj)
  42. Charlie Munger revealed why he lived in the same house for decades instead of upgrading to keep up with his rich friends (yahoo)
  43. Jack Ma urges ‘change and reform’ at Alibaba (ft)
  44. After Munger’s death, Berkshire succession comes into focus (reuters)
  45. Inflation will come back down to 2-2.5% within the next 12-18 months, says Ed Yardeni (cnbc)

Be in the know. 30 key reads for Tuesday…

  1. 3M, DuPont defeat massive class action over forever chemicals (yahoo)
  2. China to see healthy and sustainable growth in the year ahead: PBOC chief (scmp)
  3. Chinese firms set for best earnings growth in seven years in 2024 (reuters)
  4. China Seen Unleashing $319 Billion of Special Bond Quota Early (bloomberg)
  5. President Xi Jinping to chair economic committee meeting in Shanghai (scmp)
  6. Exclusive: China’s Alipay to sell its stake in India’s Zomato for nearly $400 million (reuters)
  7. The Great Disconnect: Why Voters Feel One Way About the Economy but Act Differently (nytimes)
  8. Alibaba Cloud Suffers 2nd Outage This Mth; Beijing, SH, HK & Other Regions Affected (aastocks)
  9. Dollar around three-month low, set for biggest monthly fall in 2023 (streetinsider)
  10. Rolls-Royce shares gain altitude as post-pandemic recoveries take flight (marketwatch)
  11. Investors See Interest-Rate Cuts Coming Soon, Recession or Not wsj)
  12. Next Year’s Holiday Gift May Be AI in Your Pocket (wsj)
  13. Shein Still Needs to Prove It’s a Bargain (wsj)
  14. U.S. Bets on Small Nuclear Reactors to Help Fix a Huge Climate Problem (nytimes)
  15. One Corner of China’s Weak Market Is Seeing a $25 Billion Rally (bloomberg)
  16. Sharp US Stock Rally Is Running Out of Steam, Citi Strategists Say (bloomberg)
  17. Cyber Monday sales set to reach $12.4 billion thanks to deal-hunters (nypost)
  18. Here’s a Weight-Loss Plan for the Magnificent Seven (bloomberg)
  19. Outlier Trade Bets on 250 Basis Points of US Rate Cuts in 2024 (bloomberg)
  20. Overseas Investors Bought Most China Yuan Bonds in Four Months (bloomberg)
  21. PDD Surges 14% After Hit App Temu Wrests Shoppers From Shein (bloomberg)
  22. China Tech Is Cautious, but Deals Are Still Happening (bloomberg)
  23. The U.S. needs ‘bipartisan’ leadership and a ‘strong middle’ politically, Ray Dalio says (cnbc)
  24. These regional banks are at greatest risk of being taken over by rivals, according to KBW (cnbc)
  25. The ‘Korea discount’: Value stock or value trap? (cnbc)
  26. Negotiators Press for Long-Term Israel-Hamas Truce (wsj)
  27. The World’s Largest Buyer of U.S. Debt Isn’t Going Away (wsj)
  28. PG&E Reinstates Dividend for First Time Since 2017. (barrons)
  29. Cyber Monday Spending Hits Record. ‘Buy Now, Pay Later’ Is Booming. (barrons)
  30. JPMorgan APAC CEO: Business in China Has Been ‘Exceptionally Resilient’ (bloomberg)

Be in the know. 15 key reads for Monday…

  1. Activist investor Elliott pushes for changes at Crown Castle (reuters)
  2. Deutsche Bank’s Chadha Is Now One of Wall Street’s Biggest Bulls (bloomberg)
  3. Long-Time Novo Investor Cuts Stake Citing Weight-Loss Drug Hype (bloomberg)
  4. AI Will Create—and Destroy—Jobs. History Offers a Lesson. (barrons)
  5. Cursive Is Coming Back, Now That Kids Can’t Read Grandma’s Letters (wsj)
  6. Investors See Interest-Rate Cuts Coming Soon (wsj)
  7. The Biggest Delivery Business in the U.S. Is No Longer UPS or FedEx (wsj)
  8. Disney’s new Frozen land is just the beginning: What to expect next (usatoday)
  9. Pressure Grows on Israel to Prolong Cease-Fire With Hamas (bloomberg)
  10. Beijing is reportedly blocking big shareholders from selling stocks in a bid to sustain a market rally (businessinsider)
  11. This year’s Black Friday was our biggest ever in company history, says Amazon’s Beryl Tomay (cnbc)
  12. Kraft Heinz board approves $3 billion share buyback program (marketwatch)
  13. BofA expects CTA buying in the S&P 500 to continue this week (streetinsider)
  14. Black Friday online shopping up 7.5% to $9.8 billion, a new record (marketwatch)
  15. This group of 2022 losers surged 26% in January. Here are the flops one Wall Street veteran likes for the new year. (marketwatch)

Be in the know. 12 key reads for Sunday…

  1. Alibaba aims to lift its return on invested capital into the double digits over the next couple of years (alizila)
  2. Investors dump dollar in bet that US rates have peaked (ft)
  3. “The group has said that while the level of illness is high for this time of year, it’s not unusual for winter to bring respiratory diseases. While the germ tends to cause only mild colds in older kids and adults with robust immune systems, younger children are prone to develop pneumonia — with symptoms lasting for weeks.” (bloomberg)
  4. Here’s What’s Driving the Boom in Private Credit (bloomberg)
  5. Arnold Schwarzenegger’s Long Game (townandcountrymag)
  6. The Berserk Power of the McLaren 750S (roadandtrack)
  7. The Stock Market Had a Wonderful Thanksgiving. Now It’s Time to Celebrate Christmas. (barrons)
  8. Black Friday shoppers spent a record $9.8 billion in U.S. online sales, up 7.5% from last year (cnbc)
  9. Chinese travel firms prepare for return of foreign tourists as outlook improves (scmp)
  10. The decline in China’s US Treasury holdings isn’t as big as it seems (businessinsider)
  11. These Are Some of the Stocks Leading the Market’s Year-End Rally (wsj)
  12. Some analysts see the investor balances in money-market funds as a bullish sign for stocks and bonds (wsj)

Be in the know. 8 key reads for Saturday…

  1. Thanksgiving to Santa Claus Rally Trade — Time to Feast (Almanac Trader)
  2. Black Friday, holiday shopping season off to a strong start (foxbusiness)
  3. Black Friday online shopping up more than 7%, poised to set new record (marketwatch)
  4. Retail execs say clothing demand is getting better. (marketwatch)
  5. Diageo’s destocking hangover puts new chief under pressure (ft)
  6. Lamborghini’s Racing Division Just Unveiled Its First Street-Legal Track Car (robbreport)
  7. Deep-pocketed Chinese tech companies have also been taking proactive measures in response to U.S. export controls. Baidu, ByteDance, Tencent and Alibaba collectively ordered around 100,000 units of A800 processors Nvidia to be delivered this year, costing them as much as $4 billion (techcrunch)
  8. This Restomodded Rolls-Royce Silver Cloud Is The ‘Ultimate Luxury Sleeper’ (maxim)

Be in the know. 20 key reads for Friday…

  1. Consumers spent most of 2023 grumbling about the state of the economy while still spending away, and they could very well finish the year the same way. (barrons)
  2. Alibaba Starts Its Cloud Arm Overhaul After Nixing Spinoff. “Alicloud unit now hosts half of China’s generative AI firms and serves about 80% of the country’s technology companies.” (bloomberg)
  3. Xi Tolerance for Property Pain Nears Limit as Rescue Emerges (bloomberg)
  4. Black Friday Looks to Be Back in Full Force. Mostly. (barrons)
  5. Israel, Hamas Call Brief Truce for Hostage Release (wsj)
  6. Market Melt-Up Lures Biggest Inflows to Stocks Since Early 2022 (bloomberg)
  7. Tech’s Rally Isn’t Done. Smaller Stocks Are the Next to Gain. (barrons)
  8. Bank of America flags caution as investors pour $40 billion into the stock market (marketwatch)
  9. It’s the Most Wonderful Time of the Year (for the Economy) (nytimes)
  10. Gene Editing Will Change Medicine—and Maybe Health Investing Too (wsj)
  11. Next Year’s Holiday Gift May Be AI in Your Pocket (wsj)
  12. American Shoppers Have Plenty of Dry Powder (wsj)
  13. Dollar eases in thin Black Friday trading on bets rates have peaked (streetinsider)
  14. Why China and Boeing Still Need Each Other (nytimes)
  15. Cybertruck’s customer debut at Texas gigafactory coming soon (foxbusiness)
  16. Lunch with the FT. Tom Hanks: ‘I was a pretty lucky guy’ (ft)
  17. Exclusive: Nvidia delays launch of new China-focused AI chip -sources (reuters)
  18. Homebuyers can expect mortgage rates in the 6% range next year, says NAR’s Lawrence Yun (cnbc)
  19. Fed shifts into cautious policy mode as risks become more two-sided (reuters)
  20. China Plans to Buy Pork for Reserves Again to Stimulate Prices (bloomberg)

Be in the know. 19 key reads for Thanksgiving!

  1. Stars Are Aligning for a Year-End Rally in Chinese Stocks (bloomberg)
  2. Hedge funds have lost $43 billion trying to short the market as the S&P 500 eyes its best month in over a year (businessinsider)
  3. American Shoppers Have Plenty of Dry Powder (wsj)
  4. Retailers cast doubt on holiday shopping with cautious guidance (cnbc)
  5. Xi Jinping champions digital trade as China kicks off global e-commerce expo (scmp)
  6. Warren Buffett joked he’d be ‘eating Thanksgiving dinner at McDonald’s’ if the US government didn’t bail out the banks in 2008 (businessinsider)
  7. Warren Buffett donates Thanksgiving millions, praises USA (foxbusiness)
  8. Deflation could be coming this holiday season, Walmart CEO says (cnbc)
  9. Dollarization will provide an ‘incredible boost’ to Argentina’s economy, veteran emerging-markets investor says (businessinsider)
  10. These Are The World’s Largest Semiconductor Foundry Companies By Revenue (zerohedge)
  11. Fed officials showed little urgency to raise rates further (ft)
  12. China Weighs Unprecedented Builder Support With First-Ever Unsecured Loans (bloomberg)
  13. Booking CEO Says People Love to Travel. Investors Shouldn’t Bet ‘Against Human Nature.’ (barrons)
  14. Business Travel Is About to Pick Up. 4 Stocks to Catch the Comeback. (barrons)
  15. Euro and DAX lifted after survey shows German economic contraction less severe than feared (marketwatch)
  16. Return to Work Is Coming for Your Pandemic-Era Home (wsj)
  17. Open up the gates. Disney’s first Frozen land debuts at Hong Kong Disneyland. (usatoday)
  18. Pfizer’s stock price is at a three-year low. Is it time to buy? (usatoday)
  19. China Races to End Property Panic, Fill $446 Billion Gap (bloomberg)