July 09 (Saturday)
Latest Morning Briefing Executive Summary: China, Earnings & Batteries
China’s stock market has enjoyed a nice bounce this year as President Xi’s policies have grown more business friendly as the Chinese Communist Party meeting approaches. We remain concerned about the heavy debt loads forcing Chinese real estate development companies to restructure. We’re also watching Covid cases and Chinese exports to the slowing US and European economies. … We also take a look at which industries’ consensus earnings have been revised down by analysts so far this year. … Electric vehicles may emit less CO2 than internal combustion engines, but manufacturing and disposing of lithium batteries is an awfully dirty business.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on July 5.
Markets
Dow, S&P 500 Slip as Jobs Growth Remains Strong | W
What Smart Investors Do in Bear Markets | W
How to Invest for Retirement During a Bear Market | N
Nasdaq rises for fifth-straight day after strong jobs report as Wall Street notches winning week | C
Commodities & currency
Gas Prices Have Fallen for 24 Straight Days. The Relief Might Only Be Temporary. | W
The One Commodity That Won’t Stop Soaring | OilPrice.com
What’s the Impact of the Strong Dollar on My Portfolio? | Morningstar
How Low Can the Euro Go? | W
Food Prices Squeeze Poorest in Rich Countries | W
Central banks
Jobs Report Could Keep Fed on Track for 0.75-Point Rate Rise in July | W
Eurozone Banks Fail to Factor In Climate Risks, ECB Says | W
US
U.S. Added 372,000 Jobs in June | W
Here’s where the jobs are for June 2022 — in one chart | C
Involuntary part-time worker numbers dip to lowest level in 21 years | C
Big payroll gains push recession fears into the corner — for now | C
The Economy Could Have a Long Case of Long Covid | W
Housing-Affordability Index Drops to Lowest Level Since 2006 | W
Japan
Japan’s former PM Shinzo Abe assassinated at campaign event | C
Geopolitics & trade
Why tensions between China and Taiwan are on the rise | C
U.S. to send 15th military package to Ukraine, bringing total aid in Russia war to $7 billion | C
U.S., Chinese foreign ministers hold first talks since October | R
Fitch downgrades Turkey’s debt rating to ‘B’ from ‘B+’ | R
Corporate finance
Elon Musk notifies Twitter he is terminating deal | C
Crypto
Fed’s Brainard says crypto needs regulation before it becomes too big | C
Bitcoin heads toward best week since October as crypto collapse stabilizes | C
