June 20 (Monday)
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
Stock Market Has a Very Bad Week. Why It Gets Worse Before It Gets Better. | BR
History says the next bull market is just months away | MW
Do Bear Markets Lead to Recessions? | Morningstar
Energy
Germany announces steps to boost gas storage as Russia cuts supply | R
Gasoline Tax Holiday ‘Worth Considering,’ Yellen Says | W
The Hidden Driver of High Gas Prices | The American Prospect
California Can’t Kick Its Fossil Fuel Addiction | OilPrice.com
Central banks
The Lords of Money Pose Massive Threats to Markets | W
The Fed and the ECB turn on a dime | E
The Bank of Japan will not be bullied | BOJ
Inflation will not fall to 2% target for two years, Fed’s Mester says | R
The Fed’s Inflation Mistakes Have Damaged Its Credibility | BR
Emerging markets
Rising Inflation and Interest Rates Heap Pressure on Emerging Markets | W
US
Democrats Expect Joe Biden to Run in 2024. They’re Less Sure If He Should. | W
Recession Probability Soars as Inflation Worsens | W
Hot Housing Market Keeps Home Foreclosures at Bay | W
Europe
Macron loses absolute majority in parliament, initial projections show | R
Geopolitics & trade
NATO warns of long Ukraine war as battles grind on | R
The tricky restructuring of global supply chains | E
The EU should declare Ukraine a candidate for membership | E
Industries & companies
Consumer Discretionary: Amazon’s workforce turnover is so high that it could run out of people to hire by 2024 | Vox
Pharma: The Days of Big Pharma Are Over. Big Biotech Is on Its Way. | BR
Crypto
The ‘Crypto Winter’ Could Become a ‘Crypto Hell.’ What to Know. | BR
Climate
The property industry has a huge carbon footprint. Here’s how to reduce it | E
Mining Firms’ Cautious Spending Threatens Shift to Green Energy | W
