April 25 (Monday)
Latest Morning Briefing Executive Summary: The Forces of Inflation vs The Forces of Deflation
The stock market is correcting again, fear is rising again, and valuations are sagging under the weight of a hawkish Fed and rising bond yields. Yet consensus expected S&P 500 earnings continues breaking records. With 2022 shaping up as a volatile year for stocks, we anticipate a rally following the current selloff. … Also: Might “stayflation” frustrate the Fed’s 2.0% inflation goal? … We explain our view of inflation as a tug-of-war between four inflationary forces and four deflationary ones. … And: Treasury Secretary Yellen calls for a new world order featuring a “unified coalition of sanctioning countries,” the exclusion of pariah nations, and the “friend-sharing” of supply chains. Movie: “Inventing Anna” (+ + +).
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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 18.
Markets
Oil prices extend losses as Shanghai lockdowns hit demand outlook | R
Central banks
Why the Federal Reserve has made a historic mistake on inflation | E
After getting inflation so wrong, can the Fed now get it right? | E
The perils of expanded balance-sheets | E
The danger of excessive distraction | E
The Fed Wants to Raise Rates Quickly, but May Not Know Where to Stop | W
US
Workers Are Changing Jobs, Raking In Big Raises—and Keeping Inflation High | W
Europe
Macron beats far-right rival Le Pen in French presidential election | C
China
China’s two-front fight to quash the virus and revive its economy | E
Covid-19 Cases Jump in Beijing as New Deaths Triple in Shanghai | W
Geopolitics & trade
Brussels prepares to hit Russia with ‘smart sanctions’ on oil imports, The Times says | R
Top U.S. Officials Meet With Zelensky in Kyiv | W
Poland’s prime minister says the West’s appeasement of Vladimir Putin must stop | E
Chinese political interference has Western spooks worried | E
Industries & companies
Communications services: Facebook Is Broken. Execs Say a Fix Won’t Come Fast. | BR
Media: What doomed CNN+? How rival strategies and executive intrigue fueled the streaming service’s rapid demise | C
Retail: Apple Store Workers Seek to Unionize, Following Efforts at Amazon, Starbucks | W
Corporate finance
Twitter is reportedly taking another look at Musk takeover bid | C
Climate
Russia’s War in Ukraine Could Have Environmental Impact That Lasts Decades | W
A Different Kind of Solar Power Attracts Attention | W
