Be in the know. 20 key reads for Saturday…

  1. The Justice Department is preparing a potential antitrust investigation of Google (Washington Post)
  2. Bristol-Myers’ Impending Acquisition of Celgene Leaves Analysts Skeptical (Barron’s)
  3. Broadcom Stock Has Been Battered. Here’s Why It’s Now a Buy. (Barron’s)
  4. An Inverted Yield Curve Is Usually Scary. Not This Time. (Barron’s)
  5. Carl Icahn Is Taking On Occidental Petroleum. Why That’s Good for the Stock. (Barron’s)
  6. Sorry, Amazon. Kim Kardashian Is Now a Store (Bloomberg)
  7. China to Lay out Trade-Talk Position on Sunday in Beijing (Bloomberg)
  8. Advice to Hamptons Luxury Home Buyers: Be ‘Picky and Patient’ (Bloomberg)
  9. Investors who were hoping Trump would rescue the stock market are now counting on the Fed (CNBC)
  10. Everyone is asleep on these 17 stocks. One Wall Street firm says you should buy them right now to crush the market. (Business insider)
  11.  1Q Corporate Results: 3% Earnings Growth Expected In 2019 (The Fat Pitch)
  12. “The Numbers Are Fucked Up”: The Endeavor IPO Makes No Sense—Except as a Monument to Ari Emanuel’s Talent (Vanity Fair)
  13. Fracking With CO2 Instead of Water Is Greener, Say Researchers (Futurism)
  14. DJIA and S&P 500 Up Six Straight on June’s First Trading Day
  15. Hedge Fund and Insider Trading News: David Einhorn, Eddie Lampert, D.E. Shaw, Marathon Asset Management, Angelo Gordon, Intrexon Corp (XON), Enservco Corp (ENSV), and More (Insider Monkey)
  16. Ferrari’s Most Powerful Car Ever Is Here—and It’s a Hybrid Stunner (Robb Report)
  17. 5 Places Art and Design Lovers Should Visit in June 2019 (Architectural Digest)
  18. ‘On The Rocks’ is a Stunning Beach House Perched High Above The Pacific Coast (Maxim)
  19. Scott Galloway Discusses the Algebra of Happiness (Podcast) (Bloomberg)
  20. Classic Drive-In Restaurants Well Worth the Trip (Wall Street Journal)

Be in the know. 10 key reads for Friday…

  1. Fed May Consider Lower Rates if Inflation and Global Risks Worsen (New York Times)
  2. Trump to Impose Tariff of Up to 25% on Mexico Over Migrants (Bloomberg)
  3. How New Wealth, Few Rules Fuel Family Office Boom (Bloomberg)
  4. Dow stock Intel could see sharp rebound after worst month in nearly a decade (CNBC)
  5. Trade issues ‘won’t cause a bear market’ as U.S. economy is in ‘very good shape, says Blackstone’s Wien (MarketWatch)
  6. Feel Free to Gush About Natural Gas (Wall street Journal)
  7. Carl Icahn Sues Occidental, Calling $38 Billion Anadarko Deal ‘Fundamentally Misguided’ (Wall Street Journal)
  8. German Yields Set New Sub-Zero Record as Haven Seekers Rush In (Bloomberg)
  9. Stifel Says Energy Stocks Are Historically Cheap With Huge Upside Potential (24/7 Wall Street)
  10. Piper upgrades Kraft Heinz to Neutral, says risks priced in (TheFly)

AAII Sentiment Survey Results – Pessimism Reigns. What to do about it?

The only things that have changed between last week and this week’s AAII sentiment survey report are:

  1.  We have built a sentiment base below 30 read for “bullish sentiment.”
  2.  Bearishness hit an extreme above 40.
  3. The market has been basically flat for 11 trading sessions (we are around same levels as May 13 on the SPX).

Continue reading “AAII Sentiment Survey Results – Pessimism Reigns. What to do about it?”

Be in the know. 10 key reads for Thursday…

  1. Poker-Playing Hedge Fund Managers Have an Edge (Bloomberg)
  2. Anchors From Fox and Chinese State TV Hold Live Debate on Trade (New York Times)
  3. The Race to Replace Larry Fink (Institutional Investor)
  4. Best Selling Country Albums of the Last 10 Years (24/7 Wall Street)
  5. Taking aim at U.S., China says provoking trade disputes is ‘naked economic terrorism’ (Reuters)
  6. The Case for a Biogen Acquisition — and 3 Potential Targets (Barron’s)
  7. Asian Fried Chicken Soars to New Heights (Wall Street Journal)
  8. Blackstone Starts Selling Out of Home-Rental Empire (Wall Street Journal)
  9. The Music Executive Behind the Country-Rap Hit ‘Old Town Road’ (Wall Street Journal)
  10. Why So Many Economic Forecasters Missed the Great Recession (Bloomberg)