April 18 (Monday)
Latest Morning Briefing Executive Summary: Inflation, Semis, Banks & Grocery Shopping
We’ve been on the lookout for signs of peak inflation, and we are deflated to report none to be seen in the latest PPI and small business survey releases. Instead, they telegraphed higher-for-longer inflation in a weakening stagflationary environment. … Semiconductor-related stocks have been beaten down ytd, but analysts expect double-digit earnings growth this year and next, aided by some fast-growing end markets. … Also: Expect smaller domestically focused banks to report stronger Q1 results than their big multinational counterparts. … And: Grocery shopping with no waiting in checkout lines or schlepping bags to the car? Yep: The supermarket industry is going high tech.
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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 11.
Markets
Bond Rout Promises More Pain for Investors | W
Bearish Yen JPY USD Bets Mount as Slumps Against Dollar for 12th Straight Day | B
Oil Is Going to Stay Above $100. There’s No Quick Fix. | BR
Sustainable Investing Failed Its First Big Test. A Reckoning Is Coming. | BR
Central banks
Biden to nominate former Treasury official Barr for Fed top regulatory job | R
Global
Recession Risks Duel Resilience Hopes in Global Economy Outlook | B
US
Goldman Sachs Sees U.S. Recession Odds at 35% in Next Two Years | B
Decade-High Mortgage Rates Pose Threat to Spring Housing Market | W
Several Million U.S. Workers Seen Staying Out of Labor Force Indefinitely | W
When Quitting Normalizes, Benefit to Low-Wage Workers May Subside | W
Odds of Getting Laid Off Are at Historic Lows in Tightest Labor Market in 50 Years | W
Some Care Workers Are Seeing a Bump in Pay. They’re Working to Make It Last. | N
New York City Companies Prepare to Put Pay Ranges on Job Listings | W
China
What China gets wrong | E
The way Chinese think about covid-19 is changing | E
Shanghai by the numbers: China’s Covid lockdowns | C
Inside a Shanghai Mass Quarantine Center: No Showers, Lights On 24/7 | W
Geopolitics & trade I
Ukrainian Forces in Mariupol Rebuff Russian Ultimatum to Surrender | W
What will it cost to rebuild Ukraine? | E
What is at stake in Ukraine | E
Geopolitics & trade II
The Russian Defense Industry: A Distressed Brand
Atrocities in Ukraine War Have Deep Roots in Russian Military | N
Organized Crime and Corruption Reporting Project
WTO | 2022 News items – WTO Secretariat note examines impact of conflict in Ukraine on global trade and development
What Will Happen if Russia Defaults on Its Debt? | N
Geopolitics & trade III
China goes on the offensive over human rights | E
North Korean leader Kim observes missile test to boost nuclear capabilities | C
Taiwan says China’s threats will only increase support for island | C
Industries & companies
Airlines: American Airlines’ new CEO Robert Isom vows reliability as peak travel season kicks off | C
Autos: Car Prices Expected to Remain Elevated in 2022, Prolonging Buyer Pain | W
Energy: Biden administration to resume leasing for oil and gas drilling on federal lands | C
Financials: Big Banks’ Earnings Show a Clampdown on IPOs, M&A | BR
Climate
Weather Makers: How Industrial Wind Turbines Are Changing The World’s Climate
Virus
What Comes Next in the Covid Pandemic? Modelers Are Unsure but Say Antivirals Will Make a Big Difference. | BR
Beyond markets
Zuckerberg ‘surrenders’ after debut of ‘Rigged’ election film
