March 18 (Friday)
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
Wall Street stocks, oil prices rise after aggressive Fed hike outlook | R
S&P 500 Extends Rally, Up Nearly 5% for the Week | W
S&P cuts Russia’s ratings to ‘CC’ on debt default risk | R
Oil Market’s Big Winners: ‘Little Guys’ Who Are Eager to Drill | W
Hedge funds are doubling down on commodities bets with some notching big gains | C
Central banks
Senate Panel Approves Jerome Powell’s Renomination as Fed Chairman | W
Fed Rate Hikes Double Crypto Firm Circle’s Valuation | W
Deutsche Bank’s U.S. affiliate, following the Fed, raises prime lending rate | R
Mortgage Rates Rise Above 4% for the First Time Since 2019 | W
US
Jobless Claims Edge Lower in Tight U.S. Labor Market | W
Ukraine-Russia
Opinion | Russia’s War in Ukraine: This Is How World War III Begins | N
Ukraine War: Desperate Putin Could Be Terrifying for Biden and U.S. | B
Desperation Mounts for Ukrainians in Mariupol as Russia Tries to Capture Key City | W
Russia Doesn’t Train Troops for Urban Warfare. It’s About to Learn the Consequences in Ukraine. | military.com
Ukraine Switchblade Drones: US Sends Weapons for Use Against Russia | B
Why Russian people need tech companies to stay | C
Broke Russian Oligarch Fridman Says Sanctioned Billionaires Can’t Sway Putin | B
Geopolitics & trade
Is China Russia’s Ally? Beijing Promises to ‘Never Attack’ Ukraine Friend | B
How the Russia-Ukraine war could hit China’s trade | C
Xi and Biden Prepare to Talk as U.S.-China Distrust Mounts | W
Industries & companies
Transportation: Amazon Flex drivers hit by surging gas prices are demanding relief | C
Cybersecurity
Japan’s Bridgestone reports ransomware attack at U.S. subsidiary | R
Corporate finance
Warren Introduces Bill to Bar Mergers Worth $5 Billion Or More | B
Virus
Chinese President Vows to Control Covid Outbreak With Smallest Cost | W
How South Korea Is Beating Covid Despite 600,000 New Cases a Day | B
