Be in the know 18 key reads for Thursday…

  1. JPMorgan Analyst Known for Bearish Call Touts China Tech Stocks (bloomberg)
  2. ‘Sellers Are Entering the Market’ With S&P Faltering Beyond Tech (bloomberg)
  3. Swiss National Bank presses ahead as rate cutting front-runner (reuters)
  4. Opinion: Why AMD, Intel, Qualcomm and other PC giants need Apple’s AI effort to succeed (marketwatch)
  5. This indicator suggests unloved small-cap stocks may be poised for a turnaround (marketwatch)
  6. Nvidia’s Ascent to Most Valuable Company Has Echoes of Dot-Com Boom (wsj)
  7. Inside Citigroup’s Most Mysterious Business (wsj)
  8. Tiger Woods’ son Charlie 15, to play in first USGA event after winning qualifier (nypost)
  9. Treasuries Are a Whisker Away From Erasing This Year’s Loss (bloomberg)
  10. US Initial Jobless Claims Lingered Near 10-Month High Last Week (bloomberg)
  11. Fed’s Kaskhari sees some signs of ‘some softening’ in the economy (marketwatch)
  12. Xi’s Mystery PBOC Plans Surface With Biggest Shift in Years (bloomberg)
  13. EU imposes sanctions on Russian LNG (ft)
  14. This Undervalued Stock Could Join Nvidia in the $3 Trillion Club (fool)
  15. Is This Amazon’s Next $100 Billion Opportunity? (fool)
  16. America’s ‘cardboard-box recession’ is finally over, BofA says (businessinsider)
  17. 2 states where home prices are falling because there are too many houses and not enough buyers (businessinsider)
  18. US Housing Starts & Building Permits Plunge To COVID Lockdown Lows (zerohedge)

The Next Pain Trade – Stock Market (and Sentiment Results)…

Above: Nvidia CEO Jensen Huang giving his signature to a fan.

Nvidia

Nvidia has been all the rage – and justifiably so.  Since NVDA reported its Q1 2023 earnings report and disclosed the huge demand for its AI chips, the stock has gone straight up.  Now it’s worth $3.3T.  Revenues up 4x, margin expansion, everything anyone could ever wish for. Continue reading “The Next Pain Trade – Stock Market (and Sentiment Results)…”

Be in the know. 15 key reads for Wednesday…

  1. Forget AMD: 2 Artificial Intelligence (AI) Stocks to Buy Instead (fool)
  2. The Fed could tip the US into recession if it waits too long to cut rates, Mohamed El-Erian says (businessinsider)
  3. Hong Kong Stocks Jump on Hopes for Market-Boosting Policies (bloomberg)
  4. Hong Kong may reap bonanza as China expedites approvals for offshore IPOs (scmp)
  5. The Fed Is in Wait-and-See Mode on Rate Cuts (barrons)
  6. Inflation Drops to U.K. Target. Why BOE’s Likely to Follow Fed With Rate Freeze Anyway. (barrons)
  7. M&A Is Back. 4 Stocks That Could Be Targets. (barrons)
  8. Dell Stock Extends Rally. Wall Street Is Bullish on the AI Servers. (barrons)
  9. Nvidia’s Ascent to Most Valuable Company Echoes Dot-Com Boom (wsj)
  10. Insane six-man golf brawl breaks out during Father’s Day round (nypost)
  11. Retail sales rise by paltry 0.1% as shoppers feel pinch of high inflation (nypost)
  12. Boeing C.E.O. Apologizes for Quality and Safety Issues at Senate Hearing (nytimes)
  13. US Mortgage Rates Drop Below 7% for First Time Since March (bloomberg)
  14. China CSRC Unveils Policy Package to Shore Up Star Market (bloomberg)
  15. Woods gets special exemption into PGA Tour Signature Events (reuters)

Be in the know. 17 key reads for Tuesday…

  1. Fed needs to cut interest rates sooner rather than later (ft)
  2. BofA Poll Shows Investors Primed to Fuel Stock Rally With Cash (bloomberg)
  3. Why small caps, cyclicals are ‘an exciting opportunity’ (yahoo)
  4. Traders price in higher odds of two Fed rate cuts this year (bloomberg)
  5. Fed’s Barkin, Kugler, Goolsbee Among Those Set to Speak (barrons)
  6. Retail Sales Miss Again. Consumers Are Losing Steam. (barrons)
  7. Corporate Tax Rate Spurs Political Fight With More Than $1 Trillion at Stake (wsj)
  8. Market concentration could be a warning the rally is slowing: Carson Group’s Ryan Detrick (cnbc)
  9. A lot of the drivers for inflation are falling away, says Fundstrat’s Tom Lee (cnbc)
  10. Intel’s China arm invests in telecoms subsidiary of Apple supplier Luxshare (scmp)
  11. Hong Kong IPO market pipeline has ‘new-found positivity’ after slow first half (scmp)
  12. Midsize Companies Are Big Business for Wall Street’s Megabanks (wsj)
  13. Retail Sales Disappoint In May, April Revised Even Lower… (zerohedge)
  14. Alibaba Health resumed with a Buy at Goldman Sachs (thefly)
  15. BofA: Cash sees largest weekly inflow, money market AUM hits $6.1 trillion (streetinsider)
  16. Bank of America sees continued buyback strength (streetinsider)
  17. Citi Pitches Its Money-Moving Services Business as Central to Its Revamp (bloomberg)