What I Am Reading

January 24 (Monday) YRI Daily Markets Overview See subscribers’ link below for today’s Morning Briefing. Replay of Dr. Ed’s webinar on January 18. Markets Tech Rout Fueled by Bond-Market Turn | W 80/20 portfolio strategy could be new 60/40 in this rates environment | C Peloton plunge, Netflix miss send Nasdaq to worst week since March 2020 | C It’s Time to Bargain Hunt. 27 Picks to Beat the Stock Market From Barron’s Roundtable Experts. | BR Morgan Stanley’s Slimmon Warns Against Buying Growth-Stock Dip | B Morgan Stanley Strategist Who Called China Rout Still Won’t Buy | B Central banks The Fed Is Ignoring the Money Supply and Letting Inflation Rip | BR Goldman Sees Risk Fed Will Tighten at Every Meeting From March | B Global Just how gummed up are supply chains? | E US I Staffing shortages in America are a glimpse into its future | E Winning the ‘Great Transition’ | TheHill The Underside of the ‘Great Resignation’ | WSJ Omicron Wave Drives Surge of Workers Calling In Sick, Working Through Illness | W From Plants to Store Shelves, U.S. Food Supply Is Under Pressure | W US II Arizona Democrats censure Sen. Kyrsten Sinema for blocking voting rights bill | C States Are Swimming in Cash Thanks to Booming Tax Revenue and Federal Aid | W Tax Season 2022 Is Here, and Pandemic-Related Complications Remain | W Europe The parable of Boris Johnson | E China As China’s economy slows, policymakers seek to revive growth | E The rising cost of China’s property and pandemic curbs | E Geopolitics & trade Momentum is building for war in Ukraine | E UK warns Russia will face severe sanctions if it installs Ukraine ‘puppet regime’ | C Germany’s Reliance on Russian Gas Limits Europe’s Options in Ukraine Crisis | W Putin needs ‘General Frost’ on his side to win in Ukraine | Engelsberg Ideas Democrats Push to Revive $250 Billion Tech Investment Bill to Counter China | W Industries & companies Autos: The Simplest Way to Sell More Electric Cars in America | The Atlantic Grocery stores: Employee-Owned Publix Offers a Lesson for Other Supermarket Chains | BR REITs: After 2021’s REIT Rally, Investors Need to Be Picky | BR Technology How A.I. Conquered Poker | N The Nanotechnology Revolution Is Here—We Just Haven’t Noticed Yet | W Climate Wildfire along California’s Big Sur forces evacuations | C Virus US to close borders to unvaccinated Canadian, Mexican truckers on Saturday | FreightWaves There will never be a post-Covid world: Michael Dell | C Saudis Reopen Elementary Schools After One of the World’s Longest Covid Shutdowns | W Study: Covid vaccines don’t affect fertility, but getting Covid might | C Corporate finance Microsoft-Activision Merger: Which Stock to Buy Now | BR Microsoft is buying Activision-Blizzard, makers of Call of Duty and Candy Crush | Vox Amazon, Microsoft, Alphabet set more deals in 2021 than last 10 years | C Kohl’s Said to Get $9 Billion Bid Backed by Starboard Value | B

January 22 (Saturday) YRI Daily Markets Overview See subscribers’ link below for today’s Morning Briefing. Replay of Dr. Ed’s webinar on January 18. Markets Stock Markets Off to Worst Start Since 2016 as Fed Fights Inflation | N Peloton plunge, Netflix miss send Nasdaq to worst week since March 2020 | C Bond yields tumble as Netflix fuels stock market sell-off | R China’s Yield Advantage Over U.S. Bonds Narrows | W The SPAC Ship Is Sinking. Investors Want Their Money Back. | W Central banks The Fed Might End Up Needing to Actually Sell Some of Its Bonds | B US I You Quit. I Quit. We All Quit. And It’s Not a Coincidence. | N Your Raise Might Be Stock Investors’ Pay Cut | W Inflation Hits the Fast Food Counter | N Car prices are likely to ease in 2022, but they won’t go back to where they were | NN US II Yellen rebrands Biden economic agenda as ‘modern supply-side economics’ | R Democrats Start to Sketch Out Revived Build Back Better Package | W Geopolitics & trade Europe kept waiting as Intel commits to new U.S. chip factories | R U.S., Russia Agree to Keep Negotiating to Defuse Ukraine Crisis | W Industries & companies Autos: Cadillac Escalade V: GM announces new high-performance SUV | C Wireless: How the U.S. Messed Up Its New 5G Rollout: ‘It Wasn’t Our Finest Hour’ | W Corporate finance Intel to Invest at Least $20 Billion in Ohio Chip-Making Facility | W Virus Third Dose of Pfizer, Moderna Covid-19 Vaccines Offers Strong Protection Against Omicron | W GlaxoSmithKline Racing to Provide Only Effective Covid-19 Antibody Treatment | W Judge Blocks Biden Covid-19 Vaccine Mandate for Federal Workers | W Omicron: Two years since Covid was first confirmed in U.S., the pandemic is worse than anyone imagined | C

January 21 (Friday) YRI Daily Markets Overview See subscribers’ link below for today’s Morning Briefing. Replay of Dr. Ed’s webinar on January 18. Markets Dow falls 300 points, gives up earlier gains as Wall Street’s struggles persist | C Stocks Fall After Giving Up Early Gains | W Chinese Stocks Rally in Hong Kong After Beijing Cuts Key Rates | W Buy the Unloved: 2022 Edition | Morningstar Lumber Rebound Awakens Timber Market From Long Slumber | W Central banks Fed releases long-awaited study on a digital dollar but doesn’t take a position yet on creating one | C Federal Reserve Takes Key Step Forward in Deciding on Digital-Coin Issuance | B US I ‘Fight Like Hell’: Democrats Draw Lines as Biden Agenda Shrinks | B Biden’s First Year: The Goals He Hit and the Ones He Missed | W Senators Seek Changes to Electoral Count Act to Firm Up Presidential Elections | W US II U.S. Existing-Home Sales Reached a 15-Year High of 6.1 Million Last Year | W Housing Market in U.S: Inventory Vanishing and Bidding Wars Exploding | B U.S. Jobless Claims Rose to 286,000 Last Week | W China China Cuts Benchmark Rates to Bolster Flagging Economy | W Geopolitics & trade Putin Loves to Roll the Dice. Ukraine Is His Biggest Gamble Yet. | W West stresses unified stance on Ukraine after Biden’s ‘minor incursion’ remark | R U.S. Allows Baltic NATO Members to Send Arms to Ukraine | W Industries & companies Airlines: FAA approves more of U.S. fleet for low visibility landings after 5G deployment, some flights canceled | C Financials: Travelers Shares Surge on New Business and Rate Increases | W Financials: TIAA Offers Annuity Product for Corporate 401(k) Retirement Plans | W Media: Netflix Reports Jump in Subscribers, Helped by ‘Don’t Look Up’ and ‘Cobra Kai’ | W Corporate finance Record IPO rush of 2021 led to historically dismal returns for investors with no relief in sight | C Peloton’s market value drops by $2.5 billion as shares close below IPO price | C Technology Senate Panel Approves Antitrust Bill Restricting Big Tech Platforms | W Major Breakthrough As Quantum Computing in Silicon Hits 99% Accuracy What’s All the Hype About the Metaverse? | N Microsoft Shows Meta Won’t Own the ‘Verse | W Virus Some U.S. Hospitals See Covid-19 Patient Counts Decline as Omicron Retreats | W France to loosen COVID curbs in February, allowing popcorn in cinemas again | R Climate Larry Fink: Sustainable Investing Is About Profits, Not Taking a Stand | Morningstar

January 20 (Thursday) YRI Daily Markets Overview See subscribers’ link below for today’s Morning Briefing. Replay of Dr. Ed’s webinar on January 18. Markets Nasdaq closes in correction territory on Wednesday | C Opinion: Stocks still look attractive even with the Fed tightening | MW Bitcoin Sags in 2022 Under Weight of Stock Selloff and Fed Policy | W Global credit & inflation German Benchmark Bond Yield Briefly Turns Positive for First Time Since 2019 | W U.K. Inflation Hits 30-Year High, Prompting Expectations of Rise in Interest Rates | W Canada Inflation Reaches 30-Year High, Placing Spotlight on Central Bank | W Central banks Fed Will Likely Hike Eight Times to Curb Inflation, Marathon Asset CEO Says | B US Senate will vote on voting rights bills and filibuster rules change | C SALT Fight Threatens Biden Bill as Democrats Demand Higher Cap | B Biden defends his first year record as agenda stalls: ‘I didn’t overpromise’ | C Investors Aren’t Sure About Home Builders’ Foundations | W Geopolitics & trade Blinken tells Ukraine he will keep working to avert Russian attack | R Industries & companies Airlines: Why 5G is causing flight cancellations | Vox Autos: For Maximum EV Efficiency, Stick to 25 Miles an Hour, Ignore Angry Drivers | W Consumer: Procter & Gamble plans more price hikes for Tide and other products | C Consumer: Peloton insiders sold nearly $500 million in stock before its big drop | C Wireless: 5G launch Wednesday caps years of hype, investment | C Virus Omicron in China: New Variant Weakens Xi Jinping’s Covid Policies | B U.S. to distribute 400 million free N95 masks at CVS, Walgreens in COVID fight | R Starbucks won’t require vaccination or weekly testing after court ruling | C To Help Battle Covid-19, a Hospital Borrows Tactics From Combat Veterans | W Covid-19, Endemic or Not, Will Still Make Us Poorer | W Professor Ehud Qimron: “Ministry of Health, it’s time to admit failure” | Swiss Policy Research Technology With U.S. labor scarce, logistics firms turn to remote forklifts | R Corporate finance Microsoft’s Activision Blizzard Deal to Power Its Netflix-of-Gaming Aspirations | W

January 19 (Wednesday) YRI Daily Markets Overview See subscribers’ link below for today’s Morning Briefing. Replay of Dr. Ed’s webinar on January 18. Markets Dow drops 540 points, Nasdaq falls 2.6% as 10-year yield rises to 2-year high | C Stocks End Lower as Bond Yields Hit Two-Year High | W Rising interest rates could keep a choke hold on tech and growth stocks | C US I U.S. home builder sentiment dips; New York state factory activity plummets | R Mortgage rates jump again, causing headaches for homebuyers | C NYC Property Values Projected to Rise 8.2% as Homebuyers Return | B U.S. Democrats set voting rights showdown with no clear path to victory | R Republicans are much more worried about inflation than Democrats | NN US II U.S. companies are expecting to pay an average 3.4% raise to workers in 2022 | C Goldman CEO says he sees ‘real wage inflation everywhere’ after 33% jump in pay expenses | C Texas, Arizona Have Recovered All the Jobs Lost When Covid-19 Hit | W The Left’s big government plans are job killers | Washington Examiner China In China, the Economic Buzzword for 2022 Is Stability | W Geopolitics & trade Germany signals it could halt gas pipeline if Russia invades Ukraine | R Chinese Investment in U.S. Plane Maker Draws FBI, National-Security Reviews | W   Industries & companies Airlines: Foreign airlines cancel some U.S. flights despite 5G deal | C Airlines: AT&T delays 5G rollout near some airports after airlines warned of cancellations | C Fitness: Peloton hires McKinsey to review cost structure as equipment sales slow | C Shipping: Supply Chain Crisis Helped Shipping Companies Reap $150 Billion in 2021 | B Virus Pfizer’s New Covid-19 Pill Works Against Omicron in Lab | W China’s Zero-Covid Policies Cause a Traffic Jam in Vietnam as Farmers Suffer | W Fuzzy Hamsters Are Hong Kong’s Newest Enemy in Its Covid-Zero Campaign | W Climate As coal use surges, America finds it’s hard to unplug from carbon | TheHill Texas Power Grid Braces for Freeze That Imperils Fuel Supply | B Exxon Pledges to Reduce Carbon Emissions From Operations to ‘Net Zero’ | W BlackRock CEO Larry Fink Infuriates Republicans and Climate Activists Alike | B Corporate finance Microsoft to gobble up Activision in $69 billion metaverse bet | R Activision mulled outbidding Take-Two for Zynga before Microsoft deal | C

January 18 (Tuesday) Markets BlackRock now manages more than $10 trillion in assets | NN Chile suspends lithium mining contract auction | Financial Review Central banks Biden Plays Capture the Federal Reserve | W US U.S. Political Party Preferences Shifted Greatly During 2021 | Gallup Democrats Likely to Take Control of New York Redistricting, Gain Congressional Seats | W On the Matter of Inflation, Elizabeth Warren Blames…Kroger’s | RCM Iowa’s Child-Care Problems Show Scale of Washington’s Challenge | W The Pain of Online School Remains, Even When Kids Are in Classrooms | W China China tops forecasts with 8.1% growth in 2021 but headwinds loom | R China Seeks to Cushion Blow of Economic Pain as Momentum Slows | W China’s Xi Calls on Nations to Reduce Global Supply Chain Risks | B Japan Bank of Japan to flag rising price pressure, maintain ultra-easy policy | R Geopolitics & trade Davos: China’s Xi says countries must abandon Cold War mentality | C There’s No Way Vladimir Putin Could Freeze Europe, and No Way the U.S. Could Freeze Putin | FO Industries & companies Airlines: Major U.S. airline CEOs warn 5G could ground some planes, wreak havoc | C Technology All These Flying Taxi Companies Will Need Ground Infrastructure to Land Aircraft | B Virus Omicron wave shows early signs of easing in states hit early | C Herd Immunity Is Over—Long Live Superimmunity | W Omicron: Preliminary study in Israel shows fourth Covid vaccine shots are less effective | C Fauci: It’s an ‘open question’ whether omicron spells Covid endgame | C Chinese cities on high COVID-19 alert as Lunar New Year travel season starts; Omicron spreads | R Climate What is green hydrogen vs. blue hydrogen and why it matters | C

January 17 (Monday) YRI Daily Markets Overview See subscribers’ link below for today’s Morning Briefing. Replay of Dr. Ed’s webinar on January 10. Markets How Will the Stock Market Do in 2022? Expect a Tough Year but Lots of Opportunities | BR Russia-Ukraine Conflict Could Disrupt the Prices of These Commodities. What to Know. | BR How the U.S. fell way behind in lithium, ‘white gold’ for EVs | C   Central banks Fed Pick Sarah Bloom Raskin Faces Some Heat in Confirmation | W The Fed is about to see a lot of new faces. What it means for banks, the economy and markets | C US Omicron, Inflation Drive Down U.S. Growth Outlook | W ‘Upside down again’: Omicron surge roils U.S. small businesses | R Democrats Explore Changes for Child Tax Credit to Win Manchin’s Favor | W China Xi Jinping’s job is safe but China’s leadership is being shaken up | E Industries & companies Airlines: Airlines cancel over 2,700 U.S. flights as winter storm hits U.S. East Coast | R Energy: Shell’s Buybacks and Low-Carbon Energy Shift Make This a Buying Opportunity | BR Retail: Walmart is quietly preparing to enter the metaverse | C Social media: TikTok isn’t silly. It’s serious | E Social media: ‘Baby Shark’ Has 10 Billion Views. For Parents, That Is 10 Billion Too Many. | W Tech: Inside the metaverse, jobs and infrastructure projects are for real | C Virus Omicron Surge Pressures U.S. Hospitals | W America resorts to remote learning, against pupils’ interests | E Citigroup Sticks With Its Covid-19 Vaccine Mandate, While GE Drops Its Rules | W

January 15 (Saturday) YRI Daily Markets Overview See subscribers’ link below for today’s Morning Briefing. Replay of Dr. Ed’s webinar on January 10. Markets Dow drops 200 points Friday as bank stocks get hit, market posts second losing week to start 2022 | C Central banks Biden Moves to Remake the Federal Reserve | W Biden Taps Economists Lisa Cook, Philip Jefferson for Fed Seats | W US U.S. Retail Spending, Manufacturing Drop as Omicron and Inflation Surge | W U.S. consumer sentiment sours in early January to second lowest level in decade | R U.S. grocery shortages deepen as pandemic dries supplies | R Inflation: Jamie Dimon says CEOs `shouldn’t be crybabies about it’ | C Geopolitics & trade White House Says Russia Is Planning ‘False Flag’ Operation as Pretext for Invading Ukraine | W No lights, no heat, no money – that’s life in Ukraine during cyber warfare | R Russia Arrests Hackers Tied to Major U.S. Ransomware Attacks, Including Colonial Pipeline Disruption | W N.Korea tests railway-borne missile in latest launch amid rising tension with U.S. | R Industries & companies Communication services: Google Misled Publishers and Advertisers, Unredacted Lawsuit Alleges | W Financials: Pandemic Profits Begin to Ebb at America’s Biggest Banks | W Wireless: The 3G Shutdown Is Coming—Here’s How That Affects You | W Corporate finance Bill Ford is doubling down on Ford shares and amassing more control of the company | C Virus I New York Covid numbers are finally trending down, Gov. Hochul says | C Vaccine Makers Pursue Omicron-Targeted Shots That Health Officials Say Might Not Be Needed | W As Omicron fuels surge, U.S. students stage walkouts to protest in-person classes | R CDC updates mask guidance, says N95s offer ‘highest protection’ | C Virus II Americans Can Order Free Rapid Covid-19 Tests from Website on Jan. 19 | W Stretched Hospitals, Nursing Homes Fear Losing More Staff Over Vaccine Mandate | W For Remote Workers, the Sick Day Is Over | W Google tells anyone coming into the office to take weekly Covid tests | C

January 14 (Friday) YRI Daily Markets Overview See subscribers’ link below for today’s Morning Briefing. Replay of Dr. Ed’s webinar on January 10. Markets Tech Stocks Drag Down S&P 500, Nasdaq Composite | W Central banks Biden to nominate Sarah Bloom Raskin as vice chair for supervision at Fed | C Central banks start turning off the cash taps | R Fed officials nod to March rate hike as inflation drumbeat grows louder | R Fed’s Harker calls for ‘action on inflation,’ sees 3 or 4 rate hikes | C Column: Like Tortoise vs Hare, ECB may ‘normalize’ before Fed :Mike Dolan | R US Profits for S&P 500 companies rose 22% in the fourth quarter and nearly 50% in 2021, estimates show | C Producer-Price Increases Slowed From Record Pace in December | W Mortgage Rates Jump to Highest Level Since March 2020 | W Biden voting rights push scotched by Democrats Sinema, Manchin | R Geopolitics & trade Russia says Ukraine talks hit ‘dead end’, Poland warns of risk of war | R Corporate finance What’s the true cost of Amazon’s low prices? The FTC and Congress have antitrust concerns. | Vox Virus Delta Reports Loss Amid Omicron Wave but Expects to Make Recovery | W India Covid: Third wave is expected to slow near-term economic growth | C Supreme Court blocks Biden Covid vaccine mandate for businesses, allows health-care worker rule | C Beyond markets These TikTok Stars Made More Money Than Many of America’s Top CEOs | W

January 13 (Thursday) YRI Daily Markets Overview See subscribers’ link below for today’s Morning Briefing. Replay of Dr. Ed’s webinar on January 10. Markets Stocks Close Higher as Inflation Picks Up | W Natural gas surges 14% as cold snap ahead is expected to boost demand | C Central banks Fed’s Bullard: Four Interest Rate Rises in 2022 Now Appear Likely | W Fed’s Brainard: Controlling inflation is ‘most important task’ | R Fed’s Mester Says Economy on Track for a March Rate Rise | W Fed Says U.S. Economic Optimism High, Cools in Some Areas | B Analysis: A people’s Fed? It’s starting to at least look that way | R US U.S. consumer prices post biggest rise in nearly 40 years; inflation close to peaking | R U.S. Inflation Hit 7% in December, Fastest Pace Since 1982 | W Why 7% Inflation Today Is Far Different Than in 1982 | W Messy 2021 jobs reports, unreliable labor data take toll on Joe Biden | C Baby Formula Is Hard to Find. Brands and Stores Are Divided Over Why. | W China China’s True Unemployment Pain Masked by Official Numbers | B Omicron Puts China’s Zero-Covid Strategy to Its Toughest Test | W China’s Startups Attract Record Funding Despite Tech Clampdown | W Virus Omicron Is Dominant U.S. Variant, Hospitals Face Dark Days as Covid Cases Soar | B Covid: Omicron-tied hospital stays shorter in big California system | C Covid news: Omicron disrupts essential services as workers call out | C Schools See Big Drop in Attendance as Students Stay Away, Citing Covid-19 | W Chicago teachers accept Covid deal, keeping kids in school | C Boris Johnson Apologizes for Party at Downing Street During U.K. Lockdown | W Blackstone Tells U.S. Staff to Get Boosters or Get Out of Office | B Robinhood Tells Employees They Can Work From Home Permanently | W Technology How Health and Fitness Trackers Are About to Get a Lot More Granular | W Beyond market Vast Cosmic Bubble Around the Sun Identified as Source of Baby Stars | W