Be in the know. 12 key reads for Thursday…

  1. Boeing Speeds 737 Deliveries to China in Respite for New CEO (bloomberg)
  2. Boeing says China’s commercial air fleet predicted to double in the next two decades (militaryaerospace)
  3. Nvidia Falls Despite AI Giant Saying It Didn’t Get DOJ Subpoena In Antitrust Probe (investors)
  4. The Best Way to Play the Stock Market’s Worst Sector (barrons)
  5. Google Is Losing Market Share to ChatGPT. What It Means for Alphabet Stock. (barrons)
  6. Ultra-Rich Families Set to Control $9.5 Trillion by 2030, Deloitte Says (bloomberg)
  7. S. safety regulator calls for probe of Temu, Shein over unsafe products (cnbc)
  8. S. auto sales shrink as high interest rates discourage buyers (marketwatch)
  9. Bank of Japan board member Takata sees the need to ‘shift gears’ (marketwatch)
  10. US job openings fall to lowest level since January 2021 as labor market cools (foxbusiness)
  11. Chip war: Taiwan accuses 8 mainland Chinese firms of poaching talent, stealing secrets (scmp)
  12. A 50bps cut is far more likely now, says Grant’s Interest’s Jim Grant (cnbc)

“World’s Smallest Violin” Stock Market (and Sentiment Results)…

Market Outlook & Picks/Pans

On Thursday, I joined Kelly O’Grady on Fox Business – The Claman Countdown – to discuss Market Outlook and sector rotation.  Thanks to Kelly, Liz Claman, Jake Mack and Kathryn Meyers for having me on.  You can find it here: Continue reading ““World’s Smallest Violin” Stock Market (and Sentiment Results)…”

Be in the know. 17 key reads for Wednesday…

  1. China Weighs Cutting Mortgage Rates in Two Steps to Shield Banks. Officials proposed rate cuts of about 80 basis points. Move to boost household consumption, ease pressure on banks (bloomberg)
  2. Nvidia Stock Drops Again. ‘Its Valuation Is Out of Control.’ (barrons)
  3. Boeing Speeds 737 Deliveries to China in Respite for New CEO (bloomberg)
  4. The average analyst price target for Boeing shares is about $214. (barrons)
  5. How Immigration Remade the U.S. Labor Force (wsj)
  6. Qualcomm-Arm processor chips have compatibility problems with ‘Fortnite’ and other titles (wsj)
  7. Intel will evaluate its next steps at a board meeting in mid-September, according to people familiar with the matter. (bloomberg)
  8. China Is Trading Its Own Bonds to Stifle a Runaway Bond Rally (bloomberg)
  9. The Black Hole of Private Credit That’s Swallowing the Economy (bloomberg)
  10. China Stocks Listed in US Near Cheapest Ever Versus Nasdaq Peers (bloomberg)
  11. Alibaba Embraces Tencent’s WeChat Pay as China’s Tech Walls Fall (bloomberg)
  12. Atlanta Fed President Bostic says officials can’t wait for inflation to hit 2% before cutting (cnbc)
  13. Nvidia, beware — the top spot in S&P 500 valuations is often a slippery slope (marketwatch)
  14. Temu’s Parent, a Victim of Competition or Its Own Success? (wsj)
  15. Fed’s Bostic: Economy is ‘losing momentum’ but there is no sense of looming crash or panic from business leaders (marketwatch)
  16. Alibaba sets up new ‘digital technology’ firm under e-commerce unit Taobao and Tmall Group (scmp)
  17. Growth Stocks Rebound As Banks’ Balance Sheets Face Mortgage Refinancing (chinalastnight)