Be in the know. 10 key reads for Wednesday…
- Bottom-Fishers Snap Up Office Buildings at Huge Discounts (barrons)
- Wall Street Strategists Bet on Record Highs for European Stocks (bloomberg)
- Fed Minutes to Shed Light on Rate-Cut Debate (barrons)
- Retailers have pulled back on raising prices. More are now lowering them (marketwatch)
- Opinion: Chinese e-commerce giants want your business — and U.S. retailers are losing it (marketwatch)
- ‘The first cut is the deepest’ may hold true for Fed interest-rate cuts, too (marketwatch)
- Ford to overhaul EV strategy with more and cheaper options in its latest push for profit (marketwatch)
- Investors Brace for a Jobs Wipeout (nytimes)
- The Story of Walmart & JD.com (chinalastnight)
- If Fed starts cutting, money on the sidelines could funnel into small caps, says Fundstrat’s Tom Lee (cnbc)
Where is money flowing today?
Quote of the Day…
Be in the know. 15 key reads for Tuesday…
- Small cars are selling faster than SUVs and trucks. Here’s what’s driving more buyers to settle for less. (marketwatch)
- Jennifer Lawrence and Gigi Hadid Are Kick-Starting a Vans Sneaker Trend (marieclaire)
- Copy Gigi Hadid’s Rock ‘n’ Roll Style With the Exact Vans She Wears (usmagazine)
- Are Slip-On Vans The Sambas Of Summer 2024? (elle)
- We’re Calling It: Checkered Vans Are the 2024 It Shoe (fashionmagazine)
- Why the upcoming payroll revisions could tilt Powell’s Jackson Hole message on Friday (marketwatch)
- Chinese Regulator Asks Banks to Survey Impact of Stronger Yuan (bloomberg)
- Fed’s Jackson Hole meeting: A plan to cut interest rates gradually is emerging (marketwatch)
- Defensive stocks have outperformed lately — but it’s no reason to panic (marketwatch)
- Mega-cap tech stocks still make up core of hedge funds’ top positions, analysis shows (marketwatch)
- Citi Says Hedge Funds Are Using Dollars for New Carry Trades (bloomberg)
- China Says ‘Please Stop Buying Our Bonds’ (wsj)
- Chinese Banks Hold Lending Rates After PBOC Signals Caution (bloomberg)
- China May Let Local Governments Sell Bonds to Buy Homes (bloomberg)
- Dollar hits year’s low as traders prepare for rate cuts (ft)