March 19 (Saturday)
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
Dow rallies more than 270 points Friday as stocks post their best week since 2020 | C
Russia seems to have averted its historic bond default — for now | C
How Chinese Shares Went Haywire: ‘The Market Is Completely Unstable’ | W
How the Ukraine Crisis Led to … Nickel Hoarding | The Atlantic
Central banks
Fed Governor Waller says half-point rate hikes could be needed as ‘inflation is raging’ | C
Larry Summers: The Fed Must Do Much More to Fight Inflation | Time
US
The main driver of inflation isn’t what you think it is | PO
Home Sales Fell in February Amid Tight Supply, Rising Mortgage Rates | W
When Your Second Home Is the First One You Buy | N
Most Medical Debts to Be Removed From Consumers’ Credit Reports | W
Industries & companies
Autos: EV mechanic Carl Medlock found a niche fixing Teslas | C
Geopolitics & trade I
Ukraine’s Zelenskiy calls for meaningful talks with Russia | R
Russia backs down on demands in Iran nuclear deal talks, making revival of 2015 pact imminent | C
Ernest Moniz on Vladimir Putin’s reckless nuclear threats | E
The Month Companies United Against Russia’s War | W
How the U.S. and EU Cut Russia Off From the Global Economy | W
Chip Sanctions Challenge Russia’s Tech Ambitions | W
Geopolitics & trade II
How the West Can Win a Global Power Struggle | W
Russia, China and the New Cold War | W
Biden warns Xi of global backlash if China helps Russia’s attack on Ukraine | C
Xi says improper handling of Taiwan issues will hit China-U.S. ties | R
Corporate finance
GM to buy SoftBank’s stake in Cruise self-driving unit for $2.1 billion | C
Technology
The Metaverse and NFT Boom Is About to Go Bust | OneZero
Metaverse heats up as ProShares launches the latest ETF | Seeking Alpha
Climate
Four climate investors explain the new boom at CERAWeek panel | C
