June 17 (Friday)
Latest Morning Briefing Executive Summary: Stocks & Crypto
Ready for an unflinching look at the mauling the bear market has inflicted on specific S&P 500 sectors and industries? Jackie assesses the valuation and share-price carnage among the worst and best performers relative to both one year ago and January 3, when the S&P 500 peaked at its record high. … Also: Crypto lending markets have blown up for the second time in as many months. We look at the unregulated business that’s been called the “Wild West” of lending—the players, their troubles, and the SEC’s concerns. … Also: Car-sharing companies like the soon-to-be-public Turo aim to disrupt the car rental industry with an Airbnb-like business model.
(subscribers’ link)
YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on June 13.
Markets
Dow Closes Below 30000 as Post-Fed Rally Reverses | W
Stock-Market Traders Coming to Grips With a Fed as Baffled as They Are | B
Bear Markets and Recessions Happen More Often Than You Think | N
US Junk-Bond Spreads Top 500 Basis Points in First Since 2020 | B
Oil Set for Weekly Loss as Traders Weigh Monetary Tightening | B
Central banks
A day after Powell’s assurances, markets are worried something breaks | C
By Design, the Fed May Be Tightening Too Much | W
BOJ to maintain ultra-low rates, sound warning over weak yen | R
US
U.S. Economic Growth Shows Signs of Slipping | W
President Biden says a recession is ‘not inevitable’ | C
Joe bummer: Biden says Americans ‘are really, really down’ | P
Rates on U.S. 30-year mortgages see biggest one-week increase since 1987 | R
Mortgage Rates Hit 5.78%, Highest Level Since 2008 | W
Mortgage Rate Increases Could Cut More Homebuyers Out of US Housing Market | B
High U.S. Fuel Exports Are Contributing to $5-a-Gallon Gas | W
Everyone knows inflation is on fire. Here’s what’s really fueling it | C
China
As US Envoy Warns China Covid Zero to Last to 2023, Beijing Steps Testing | B
Europe
European leaders visit Ukraine, dangling hope of EU membership | R
Geopolitics & trade
Russia Slashes Gas Flows, Aiming Economic Weapon at Europe | W
France, Germany, Italy, Romania Back Ukraine’s Bid for EU Membership | W
Industries & companies
Airlines: Airline stocks tumble as economic concerns overshadow travel surge | C
Financials: U.S. banking stress indicator could worsen after Fed hike | R
Crypto
EXCLUSIVE State securities regulators investigating Celsius accounts freeze | R
