March 17 (Thursday)
Latest Morning Briefing Executive Summary: Peace, Defense & the Metaverse
Hopes of a ceasefire in Ukraine have buoyed the stock market; but what comes after a ceasefire? Geopolitically, we expect a new world order to emerge. For the S&P 500, we see valuations pressured by higher-for-longer inflation and the Fed’s lame response. But for now, Panic Attack #74 is probably over… The Fed’s baby-step tightening move yesterday shows it’s in no hurry to corral inflation. … Also: Jackie examines the rising defense-spending plans domestically and abroad, the companies that would benefit, and the implications for the S&P 500 Aerospace & Defense index. … And: South Korea invades the metaverse.
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YRI
Daily Markets Overview
See subscribers’ link below for today’s Morning Briefing.
Replay of Dr. Ed’s webinar on March 14.
Markets
Stocks Close Sharply Higher as Fed Raises Interest Rates | W
U.S. bonds: 10-year Treasury yield pares gains after hitting highest level since 2019 following Fed rate hike | C
Central banks
Federal Reserve approves first interest rate hike in more than three years, sees six more ahead | C
Fed hikes interest rates, signals aggressive fight to curb inflation | R
Here’s what the Fed’s rate hike means for borrowers, savers | C
US
U.S. Retail Sales Grew 0.3% in February | W
Yes, Mr. President: The government can cause inflation | P
Japan
Nearly 70% of Japan’s companies see hit to earnings from Ukraine crisis | R
Ukraine-Russia
Ukraine Mounts Counteroffensive to Drive Russians Back From Kyiv, Key Cities | W
Ukraine says Russia strikes Mariupol theatre sheltering residents, Moscow denies attack | R
Nearly 1 Million Child Refugees Have Fled Ukraine for Poland Since War Began | W
Biden calls Putin a war criminal as Russia says mission ‘going to plan’ | R
Putin Acknowledges Impact of Sanctions on Russian Economy | W
Industries & companies
Autos: Russian-Ukraine war to lower car production by millions of units | C
Media: Netflix adds Volodymyr Zelenskyy’s show ‘Servant of the People’ | C
Restaurants: Starbucks C.E.O. Retires, and Howard Schultz Steps In as Interim | N
Beyond markets
Opinion | How Life as a Trucker Devolved Into a Dystopian Nightmare | N
