Be in the know. 15 key reads for Monday…

  1. Regulators close Signature Bank, second shuttered by feds after SVB disaster (nypost)
  2. JPMorgan analysts warned about Silicon Valley Bank’s $16B in ‘unrealized losses’ in November (nypost)
  3. Some Democrat-donor investors furious over Biden’s handling of SVB (nypost)
  4. SVB’s rescue means the Fed won’t hike rates in March, says Goldman Sachs (marketwatch)
  5. Pfizer to Buy Cancer Biotech Seagen for $43 Billion (barrons)
  6. Icahn Takes Aim at Illumina (barrons)
  7. All That Talk About a Wage-Price Spiral? It’s Wrong. (barrons)
  8. Fed Now Expected to Rein in Rate Hikes. Market Pricing Shows Shift Amid Banks Crisis. (barrons)
  9. Treasury yields plunge as SVB fallout seen slowing Fed rate hikes (marketwatch)
  10. SVB, Signature Bank Depositors to Get All Their Money as Fed Moves to Stem Crisis (wsj)
  11. China’s Xi to Speak to Zelensky, Meet Next Week With Putin (wsj)
  12. Treasuries Surge as Traders Recalibrate Rate Bets: Markets Wrap (bloomberg)
  13. Treasury Two-Year Yields Drop Half a Point as Fed Bets Slashed (bloomberg)
  14. KBW recommends buying these 11 financial stocks, including First Republic, following federal backstop for banks (marketwatch)
  15. Tencent, Alibaba, AIA fuel Hong Kong market rally while BeiGene erases loss amid Silicon Valley Bank fallout (scmp)

Be in the know. 27 key reads for Sunday…

  1. SVB’s collapse is not a harbinger of another 2008 (ft)
  2. Silicon Valley Bank: A major bank failed. Here’s why it’s not 2008 again. (usatoday)
  3. Just like that: Market pricing swings back to quarter-point Fed rate hike (cnbc)
  4. Meta plans new job cuts that could match 2022 tally of 11,000: report (nypost)
  5. Mark Zuckerberg’s Meta exploring plans to launch Twitter rival (nypost)
  6. Cheap deposits have become a painful pandemic hangover for US banks (ft)
  7. Li Qiang becomes China’s premier, tasked with reviving economy (cnbc)
  8. From wooing Tesla to Xi’s right-hand man: Li Qiang’s road to China’s premiership (ft)
  9. Carl Icahn, “You have to buy things where the rest of the world is looking at you and thinking you’re a little bit crazy. You’re going against the trend. A lot of times, events are overblown. Overblown on the good side, overblown on the bad side.” (businessinsider)
  10. “Importantly, we don’t believe this is anything like 2008-09. The largest and most systematically important banks have been heavily regulated and stress tested for years. However, to me this is a warning to the Fed about the impacts on a forward basis that their aggressive rate hikes are having.” (businessinsider)
  11. Falling Survey-Response Rates Undermine Economic Data (wsj)
  12. What’s Going on With Silicon Valley Bank? (wsj)
  13. 2024 Ferrari Purosangue: A Touring Wagon That Howls (wsj)
  14. SVB’s failure could be the thing that keeps the Fed from wrecking the economy, Cramer says (cnbc)
  15. 31% of new cars sold for above sticker price last month. These 10 models have the biggest premiums (cnbc)
  16. 106-year-old and 103-year-old sisters share longevity tips: ‘Be happy, be healthy, and have love in your life’ (cnbc)
  17. U.S. Employers Keep Hiring, but Signs of Easing Are Seen (nytimes)
  18.  Yellen Says Bank System Remains Resilient in Wake of SVB Failure (bloomberg)
  19. Blue Chip Classic Car Prices Soften at Amelia Island Auctions (bloomberg)
  20. Liquefied natural gas will continue to lead growth in U.S. natural gas exports (eia)
  21. Is Amazon Stock a Buy After Stores Set to Close? (morningstar)
  22. 3 Undervalued, High-Quality Cyclical Stocks (morningstar)
  23.  25 Golden Rules for Investing by Peter Lynch (dgi)
  24. Wharton professor Jeremy Siegel says the Fed’s rate hikes and ‘monomaniacal’ focus on the labor market are ‘misguided’: ‘Workers are way behind’ (fortune)
  25. Alibaba targets South Korean market with $75.7 million investment in 2023 (technode)
  26. We found the ‘missing workers’ (planetmoney)
  27. Swap and credit spreads say no recession (scottgrannis)

 

Be in the know. 12 key reads for Saturday…

  1. Fed Rate Outlook Overshadowed as SVB Collides With Jobs Report (bloomberg)
  2. Silicon Valley Bank’s Failure May Lead to Smaller Fed Rate Hike (barrons)
  3. China Consumer Spending Shows Strong Rebound Signs (bloomberg)
  4. Marc Benioff Is Fighting to Put Salesforce Back on Top. The Ultimate Salesman Has to Learn a New Game. (barrons)
  5. Dell Could Be Tech’s Cheapest Stock. The Discount Is Unlikely to Last. (barrons)
  6. What Happened at SVB Financial, and What It Means for the Rest of Us (barrons)
  7. Domino’s Pizza CEO Buys Up Stock (barrons)
  8. Don’t Fret About a Wage-Price Spiral (barrons)
  9. Buying an EV? Here’s How Long Until It Will Pay Off. (barrons)
  10. Stock Buybacks Aren’t Slowing Down. Here’s Why. (barrons)
  11. After Disney and Salesforce, What Activists May Target Next (barrons)
  12. Buy bank stocks now? You could get a bargain as Silicon Valley Bank collapses. (marketwatch)