Be in the know. 11 key reads for Thursday…

  1. China’s consumer spending rebounds after end of Covid curbs (ft)
  2. Fifth Third board member bought $1.3 million worth of stock after it tumbled (marketwatch)
  3. ECB Raises Rates (barrons)
  4. Bank Failures, Market Turmoil Fuel Bets on a Pause in Fed Interest-Rate Increases (wsj)
  5. China’s Economy Rebounds, Spurred by Consumption (wsj)
  6. JPMorgan Analysts See Credit Suisse Takeover as Likely Scenario (bloomberg)
  7. BofA Gets More Than $15 Billion in Deposits After SVB Fails (bloomberg)
  8. Chinese ride-hailing giant Didi plans expansion after Beijing’s crackdown ends (cnbc)
  9. Here’s what Wall Street thinks ahead of critical Fed meeting (foxbusiness)
  10. China’s home prices rise for first time in 18 months in sign of rebound (scmp)
  11. Positive Economic Data and Important News from Alibaba & Baidu As Markets Face European Bank Headwind (chinalastnight)

Deja Vu NOT All Over Again – Stock Market (and Sentiment Results)…

“Recency bias, or availability bias, is a cognitive error identified in behavioral economics whereby people incorrectly believe that recent events will occur again soon. This tendency is irrational, as it obscures the true or objective probabilities of events occurring, leading people to make poor decisions.” Investopedia
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