Be in the know. 7 key reads for Thursday…

  1. China urges U.S. to lift sanctions on Huawei as Trump-Xi meeting looms (Reuters)
  2. First-quarter GDP left at 3.1% as stronger business investment offsets weaker consumer spending (MarketWatch)
  3. G-20 preview: Facing faltering economies, Trump and Xi likely to agree to a cease-fire of trade war (MarketWatch)
  4. American Tariffs on China Are Being Blunted by Trade Cheats (Wall Street Journal)
  5. Trump Wants to Cut Regulations That Block New Housing (New York Times)
  6. Carl Icahn Seeks to Replace Four Occidental Directors (Wall Street Journal)
  7. Do Wall Street Price Targets on Stocks Really Matter? What Investors Need to Know. (Barron’s)

AAII: As Pessimism Persists, The Wall of Worry (to climb) Remains Intact.

Waking up today I had fully expected the “bullish percent” to move well above 30 and the “bearish percent” to drop since last week.  This would have caused us to look for places to lighten up, and if there was a euphoric read, start to look for a few shorts… Continue reading “AAII: As Pessimism Persists, The Wall of Worry (to climb) Remains Intact.”

Be in the know. 10 key reads for Wednesday…

  1. Mnuchin: ‘We were about 90% of the way’ on China trade deal and there’s a ‘path to complete this’ (CNBC)
  2. Micron stock surges on earnings beat, improved forecast for memory-chip market (MarketWatch)
  3. How a potential case of stock-market ‘FOMO’ could trigger a ‘melt-up’ (MarketWatch)
  4. Chip stocks in broad rally after Micron beats on earnings, resumes some shipments to Huawei (MarketWatch)
  5. U.S. Set to Delay More China Tariffs Ahead of Trump-Xi Meeting (Bloomberg)
  6. The 10 Most Powerful Hedge Fund Managers This Year (Worth)
  7. Boeing’s 737 MAX Has Strong Support Among Airlines (Barron’s)
  8. Trump disses Fed Chair Jerome Powell as a no-name poser (The Week)
  9. What’s So Funny? The Science of Why We Laugh (Scientific American)
  10. Kraft Heinz CEO Looks to Ketchup for Sales Spurt (Wall Street Journal)