April 11 (Monday)
Latest Morning Briefing Executive Summary: Don’t Fight the Fed When the Fed Is Fighting Inflation
The war in Ukraine has heightened the odds of higher-for-longer inflation, tighter-for-longer monetary policy, and recession in the US and Europe, which we peg at 30% and 50%, respectively. … The global economy is stagflating, indicators suggest. … Will reining in inflation take just a nudge from the Fed or an all-out recession-triggering shove? We hunt for the answer in FOMC officials’ recent views and the latest inflation data. … Also: The Bond Vigilantes are back in the saddle again. … And: Stock investors are trying not to fight the Fed as it fights inflation—which should make for a volatile but upward climb to our 2022 and 2023 targets. … Movie review: “Against the Ice” (+ + +).
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YRI
Daily Markets Overview
See subscribers’ link below for today’s Morning Briefing.
Replay of Dr. Ed’s webinar on April 4.
Markets
Why Stocks Are Rallying in the Midst of a War and Soaring Inflation | W
The Worst Quarter in Years for Bond Fund Investors Had Few Bright Corners | BR
Central banks
The credibility-challenged Fed is about to be overtaken by reality again | P
Energy
Gas Price Surge Fuels Fights at FedEx, Uber Over Who Will Pay | W
Shell, Thales, and 3 More Stocks to Play a Changing Europe | BR
European Countries Debate How to Cut Purchases of Russian Oil | W
Global
A New Global Food Crisis Is Building, World Bank Warns | BR
When China worries about food, the world pays | E
War’s Disruption to Ukraine’s Farms Seeds Global Food Crisis | N
US
Inflation Is Here to Stay. How to Adjust Your Portfolio. | BR
Few Cars, Lots of Customers: Why Autos Are an Inflation Risk | N
America’s labor shortage is actually an immigrant shortage | CBS
School Reopening Mess Drives Frustrated Parents Toward GOP | W
Europe
France’s Macron and Le Pen head for cliffhanger April 24 election runoff | R
Why Macron matters | E
China
Shanghai Has Recorded More Than 130,000 Covid Cases—and No Deaths | W
Shanghai residents question human cost of China’s COVID quarantines | R
Geopolitics & trade
War to slash Ukraine’s GDP output by over 45%, World Bank forecasts | R
Ukraine, Russia Gear Up for War’s Biggest Battles | W
As battle looms in Ukraine’s east, Austrian leader to meet Putin | R
Desperate Ukraine tells U.S. ‘bureaucracy’ is no excuse for failing to provide critical weapons and ammunition | C
A Stricken Ukrainian City Empties, and Those Left Fear What’s Next | N
War crime charges won’t be enough to deter Putin amid atrocities | C
Russia-Ukraine war has limited impact on Europe vacation bookings | C
Industries & companies
Airlines: JetBlue is cutting its summer schedule to avoid further flight disruptions | C
Autos: Big Rigs Are Going Electric. Barron’s Drove One. | BR
Consumer discretionary: How Amazon plans to fix its massive returns problem | C
Financials: Bank Deposits Could Drop for First Time Since World War II | W
Retail: Retail Crime Is Hurting Companies and Making Inflation Worse. What Investors Should Know. | BR
Corporate finance
Stock Splits Are Popular Again. 5 Companies That Could Split Their Stocks Next | BR
Technology
Video shows what happens when a driverless car gets pulled over | C
Crypto
Crypto Industry Helps Write, and Pass, Its Own Agenda in State Capitols | N
Virus
The BA.2 Variant Is Spreading. Do You Need to Worry? | W
