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