March 30 (Wednesday)
Latest Morning Briefing Executive Summary: It’s Still a Bull Market
March 8 may have marked the stock market’s bottom for this year; it now seems rapidly to be approaching a new record high as investors turn to stocks as an inflation hedge. The fog of war had masked the outlook, but the long-term bull market, punctuated by panic attacks, remains intact. We peg the S&P 500’s upside potential at 5000-6000 next year. … Also: We examine how the S&P 500 has performed historically during ups and downs of both the business cycle and the monetary policy cycle. … And: Melissa examines the economic toll Putin’s war is taking on Europe and how European policymakers are responding.
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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 28.
Markets
Inversion of key U.S. yield curve slice is a recession alarm | R
Central banks
Senate Prepares Confirmation Vote for Lisa Cook as Fed Governor | W
Fed’s Harker Worried About High Inflation, Open to Big Rate Increases | W
Supply-chains
New Supply Chain Risk: 22,000 Dockworkers Who May Soon Strike | N
US
Home-Price Growth Accelerated in January | W
There are now a record 5 million more job openings than unemployed people in the U.S. | C
Why pay raises alone won’t help fill America’s 11 million open jobs | C
U.S. House panel to hold hearing on gas prices with oil company CEOs | R
Opinion | New York Can Build More Affordable Housing, Fast. Here’s How. | N
How the radical left is pushing property owners to the brink | P
China
Shanghai Lockdown Adds to China’s Economic Woes | W
Geopolitics & trade
Russia repositions troops away from Kyiv, marking a shift in the war | C
Ukraine Proposes Neutral Status With Guarantees, and Zelensky Seeks More Western Help | W
Russia Built Parallel Payments System That Escaped Western Sanctions | W
U.S. Targets Oligarchs’ Hidden Assets, Russian Military Supply Lines | W
Industries & companies
Logistics: FedEx CEO says the company will make ‘an enormous effort’ toward AV trucks in June | C
Virus
Top FDA official says fully vaccinated Americans may need more Covid shots this fall | C
Second Covid-19 Booster Shot Endorsed by FDA, CDC for Adults 50 and Older | W
CDC: Majority of U.S. has Covid antibodies, what that means for you | C
