June 07 (Tuesday)

Latest Morning Briefing Executive Summary: Jamie’s Hurricane
Jamie Dimon spooked the financial markets last week with his forecast of an economic hurricane headed straight for us. Today, we take a balanced look at Dimon’s three big worries—the Fed’s quantitative tightening bursting financial asset bubbles, the Ukraine war driving commodity prices skyward, and consumers using up their stimulus savings. … Our perspective: Don’t be alarmed by the metaphor; hurricanes come and go. What matters is their magnitude, which Dimon admits is unknown. … However, the term “self-fulfilling prophecy” is bound to apply to some extent when the head of the nation’s largest bank says it’s going to batten down the credit hatches to prepare for a storm.
(subscribers’ link)

YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on June 6.

Markets
Investors Get Back Into Corporate Bonds | W
Nasdaq rises slightly to start week, shaking off jump in bond yields | C

US
Housing wealth sets unprecedented gain, but signs suggest market is cooling | C
Biden’s inflator in chief Brian Deese is an awful pick | P
Inflation, Political Division Put U.S. in a Pessimistic Mood, Poll Finds | W
Biden Administration to Waive Solar Import Tariffs for Two Years | W

Europe
UK’s Boris Johnson wins confidence vote but suffers big rebellion | | R

China
Beijing Cautiously Reopens After Covid-19 Wave | W
Human Rights Concerns in Xinjiang Are Redefining Entire US-China Relationship | B
 
Geopolitics & trade
DOJ moves to seize 2 planes from Russian oligarch Roman Abramovich | C
 
Industries & companies
Autos: Solid Power begins pilot production of solid-state EV battery | C
Media: Paramount sued over ‘Top Gun’ copyright as ‘Maverick’ soars at box office | C
Pharma: Pfizer and Moderna Won’t Get a Shot in the Arm From Toddlers | W
Tech: Amazon executive encourages sellers to oppose Big Tech antitrust bill | C

Corporate finance
Musk threatens to drop Twitter deal if fake-account data not provided | | R

Climate & food
Why the global soil shortage threatens food, medicine and the climate | C

Crypto
How Binance became a hub for hackers, fraudsters and drug sellers | R