April 13 (Wednesday)

Latest Morning Briefing Executive Summary:  On the Lookout For Peak Inflation
War, supply-chain disruptions, soaring labor and commodity costs, monetary tightening causing possible recession—pshaw! All the disturbing global and US economic developments of late haven’t shaken industry analysts’ confidence that their companies are headed for record revenues, earnings, and profit margins over coming months, as passing inflated costs through to customers has been a cake walk. Our analysis of forward revenues and earnings reveals that and more. … Also: We slice and dice March CPI data, inflation expectations, and wage inflation—ever on the lookout for “peak inflation,” which may show up in June or July. … And: Is the housing market cooling off?
(subscribers’ link)

YRI
Daily Markets Overview
See subscribers’ link below for today’s Morning Briefing.
Replay of Dr. Ed’s webinar on April 11.

Markets
Stocks End Lower as Inflation Accelerates | W
Global stocks pare gains, bond yields slip on inflation data | R

Energy
Biden to Allow More Ethanol in Gas This Summer in Bid to Lower Prices | W

Central banks
Fed’s Best Path Is to Hike Rates to Neutral Rapidly, Barkin Says | B

US
U.S. Inflation Accelerated to 8.5% in March, Hitting Four-Decade High | W
Consumer prices rose 8.5% in March, slightly hotter than expected and the highest since 1981 | C
Federal Budget Deficit Narrowed 71% in March From Year Earlier | W

China
Chinese Stockpile Food as Covid-19 Concerns Ripple Out From Shanghai | W

Geopolitics & trade
Biden suggests Putin is a ‘dictator’ who has committed ‘genocide half a world away’ | C
Putin and Lukashenko falsely claim British operatives committed the atrocities in Bucha | C
In Ukraine, a ‘Full-Scale Cyberwar’ Emerges | W

Industries & companies
Consumer: Baby-Formula Shortage Prompts Rationing at Target, Kroger, Walgreens and CVS | W
Financials: U.S. Banks’ Pandemic Hot Streak Is Coming to an End | W
Media: CNN+ struggles to lure viewers, drawing under 10,000 daily users | C

Beyond markets
How Tech Companies Are Trying to Woo Employees Returning to Work | N
California considers a 32-hour workweek for larger companies | C
Children as Young as 8 Should Be Screened for Anxiety, Experts Recommend | W