March 14 (Monday)
Latest Morning Briefing Executive Summary: Inflation, Liquidity & Valuation
The big question before stock investors now is: With inflation likely to remain troublesome, are valuations still too high or will ample M2 liquidity keep them elevated? We examine a handful of indicators that shed light on the relationship between inflation and valuation. … Will chronic labor shortages fuel a wage-price spiral over the rest of the decade, as predicted by Charles Goodhart? Our money remains on businesses deploying productivity-enhancing technology to get around their labor-supply challenges. … And: Putin’s War should mean more gradual interest-rate increases ahead, for now. …Also: Dr. Ed reviews “Vikings: Valhalla” (+ + +).
(subscribers’ link)
YRI
Daily Markets Overview
See subscribers’ link below for today’s Morning Briefing.
Replay of Dr. Ed’s webinar on March 7.
Markets
War and sanctions have caused commodities chaos | E
Russia-Ukraine War Threatens Wheat Supply, Jolts Prices | W
Oil prices fall, continuing downward trend from last week | R
Hedge Funds’ Commodity Bets Soar After Russia’s Invasion of Ukraine | W
What the U.S. Can Do to Combat Rising Energy Prices. Just Turning on the Taps Is Not an Option. | BR
It’s the Beginning of the End for Russian Gas in Europe. These Stocks Should Benefit. | BR
Central banks
Don’t Expect an Investor Bailout From the Fed if Stagflation Returns | BR
US
Rent-Control Measures Are Back as Home Rents Reach New Highs | W
California’s efforts to house more people have fallen short | E
Europe
Euro zone to back broadly neutral, but flexible 2023 fiscal stance amid Ukraine war | R
Supply-chains
Ukraine halts half of world’s neon output for chips, clouding outlook | NN
Chip Makers Stockpiled Key Materials Ahead of Russian Invasion of Ukraine | W
Supply-Chain Problems? Not for Tesla, Apple, and IKEA. | BR
Ukraine-Russia I
Will China offer Russia financial help? | E
China faces consequences if it helps Russia evade sanctions, U.S. says | R
U.S. Won’t Negotiate Ukraine-Related Sanctions With Russia to Save Iran Nuclear Deal | W
U.S. Moves to Deny Russia ‘Most Favored’ Trade Status | W
Ukraine-Russia II
Russian strike on base brings Ukraine war close to NATO’s border | R
Putin’s pre-invasion moves against Google and Apple laid tech groundwork for crackdown | WP
Russian soldiers expecting to be welcomed to Ukraine were soon disabused | E
Millions Are Fleeing Ukraine, Some Are Going Back | W
Reexamining Putin’s Military Interventions in the Middle East | The New Yorker
The West’s Economic War Plan Against Russia | W
Ukraine-Russia III
Vladimir Putin is pushing Russia into the past | E
The Stalinisation of Russia | E
A Scholar of Stalin Discusses Putin, Russia, Ukraine, and the West | The New Yorker
The World That Putin Has Made | W
Putin’s War Will Change the World. Here’s How. | BR
Inside Putin’s circle — the real Russian elite | FT
Geopolitics & trade
Ballistic missiles hit Iraq’s Kurdish capital, Iran’s Revolutionary Guard claim responsibility | C
Industries & companies
Autos: As Gas Prices Soar, Buyers Find Fewer Fuel-Efficient Car Options | W
Communication services: Forget 5G. Let’s Talk About 6G. | W
Defense: Military Spending Surges in Europe. These Stocks Stand to Benefit. | BR
Virus
Lockdowns Spread in China as Covid Cases Surge in Shanghai and Other Areas | ampproject.org
Beyond markets
Facts to Know About BlackRock, the World’s Largest Asset Manager | ampproject.org
