June 25 (Saturday)

Latest Morning Briefing Executive Summary: Energy, EVs & Crypto
The price of oil has begun to come down. But countervailing forces are exerting both downward and upward pressure on oil prices. Among the former, production has ramped up greatly. Jackie examines the dynamics affecting oil industry pricing. … And: Electric vehicles are gaining traction in the marketplace. But they’re costing more to make with commodity prices so high and costing more to buy with manufacturers passing their cost increases onto consumers. … Also: Many of the many cryptocurrency players are bound to succumb to hypothermia during the brutal industry contraction dubbed “crypto winter.”
(subscribers’ link)

YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on June 21.

Markets
Dow rallies 800 points on Friday to cap big comeback week for stocks | C

Energy
Breakingviews: Germany’s gas action plan pulls its punches | R
Germany looking at repurposing unused Nord Stream 2 pipeline for LNG use, report says | R

Central banks
Jerome Powell Takes a Pounding | W
Fed Confronts a ‘New World’ of Inflation | N

US
U.S. new home sales rebound in May; consumer sentiment at record low | R
Consumer sentiment survey followed by the Fed shows inflation expectations ease slightly | C
The Strange Art of Asking People How Much Inflation They Expect | W

Europe
Europe’s Workers Brace for Tough Times as Real Wages Fall | W

Geopolitics & trade
Ukrainian Troops Retreat From Severodonetsk After Weeks of Brutal Battle | W

Industries & companies
Financials: Passing Grades Aren’t Enough on Banks’ Stress Test | W
Tech: Lawmakers Want FTC to Investigate Apple, Google Over Mobile Tracking | W

Beyond markets
Supreme Court Overturns Roe v. Wade, Eliminates Constitutional Right to Abortion | W