May 7 (Saturday)
Latest Morning Briefing Executive Summary: Powell, Travel, Forward Earnings & Quantum Sensors
Investors liked the middle-of-the-road approach Fed Chair Powell laid out after yesterday’s FOMC meeting. We did too. … Travel-related industries are booming! Their Q1 earnings calls were brimming with optimism. Yet investors seem to have missed the memo: The share price indexes of most travel-related S&P 500 industries have plunged ytd ..: And it’s not just a travel thing: Most industries are seeing disconnects between earnings prospects and share price performance. Someone’s wrong: Either industry analysts are too optimistic in their estimates or investors too pessimistic about valuations. … Also: A developing technology with diverse potential uses: quantum sensors.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on May 2.
Markets
Stocks fall on Friday to close out tumultuous week, Dow drops for sixth straight week | C
Wall Street ends down on fears inflation will force tougher Fed tightening | R
Nasdaq records first five-week losing streak since 2012 | C
It’s the Worst Bond Market Since 1842. That’s the Good News. | W
Central banks
Ex-Fed Official Says Rates of at Least 3.5% Will Be Needed to Slow Inflation | W
The Fed could have trouble avoiding a double-dip recession | NN
US
U.S. unemployment rate expected to fall to 3.5% in April, job gains to slow | R
Rapid Pace of U.S. Job Growth Stretched Into April | W
Here’s where the jobs were in April 2022 — in one chart | C
The U.S. Economy Is Desperately Seeking Workers | W
Pay Raises Are Historically High. Inflation Is Still Eclipsing Those Gains. | W
Used-car prices are down from record highs, easing the impact of inflation | C
Baby Formula Is Getting Even Harder to Find | W
Europe
Pent-up demand prompts European travel recovery as COVID curbs ease | R
Geopolitics & trade
Biden announces military aid package to Ukraine | C
Chinese Tech Giants Quietly Retreat From Doing Business With Russia | W
Climate
U.S. takes unprecedented steps to replenish Colorado River’s Lake Powell | R
Crypto
Nvidia, SEC reach deal on cryptocurrency disclosures in 2017 | C
Opinion | What Is Happening to the People Falling for Crypto and NFTs | N
Technology
Unilever to offer robotic direct-to-consumer ice cream sales | Chain Store Age
