July 18 (Monday)
Latest Morning Briefing Executive Summary: Bear Market Rally Or A New Bull Market?
What’s ahead for the stock market? That depends on the significance of the S&P 500’s June 16 low-to-date in the current bear market, of 3666. If that turns out to be the bear’s bottom—which sure would be freaky since the previous one was at S&P 500 666—then either a bull market or a sideways-drifting one is just ahead. Alternatively, deeper lows may be in store if the gain since June 16 was just a short-covering rally within a bear market (as the reversal in sector leadership suggests). … Today, we examine both the bull and bear scenarios, laying out the cases for each.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on July 11.
Markets
Stocks rose as Wall Street weighed fresh earnings and economic data | C
Earnings Season Off to Slow Start, Clouding the Outlook for Stocks | W
Earnings could be an even bigger catalyst for stocks after the market’s wild ride on rate fears | C
Strong Dollar Extends Gains With No End to Rally in Sight | W
Gas Crisis of the ’70s Holds Lessons for Today | B
Global
When Will Supply Chains Return to Normal | B
Central banks
The ECB’s masterplan to manipulate markets | E
Fed Officials Preparing to Lift Interest Rates by Another 0.75 Percentage Point | W
As Fed Tightens, Economists Worry It Will Go Too Far | W
Energy
Sanctions Exemption for Turbines Aims to Restart Russian Gas Flows to Europe | W
Plan to Cap Russian Oil Prices Faces Big Obstacle: Vladimir Putin | BR
US I
Even if GDP shrinks, America may officially avoid a downturn. For now | E
U.S. Retail Sales Rose 1% in June | W
Inflation Has Outpaced Wage Growth. Now It’s Cutting Into Spending. | W
Food Prices Rose in June. Here Are the Items With the Biggest Increases. | BR
What Is the True Cost of Inflation? It’s Complicated. | W
US II
All Jobs Businesses Cut in Pandemic Are Back, but Not Where They Were Lost | W
Democrats in America are realizing they must moderate or die | E
Sen. Joe Manchin Balks at Global Minimum Tax Championed by Biden | W
Europe
Europe is preparing for Russian gas to be cut off this winter | E
Europe’s winter of discontent | E
Japan
Japan should stay true to Abe Shinzo’s vision—up to a point | E
Abe Shinzo’s policies will live on, but may be enacted more slowly | E
Inflation Is Just What Japan Needs. Play It With These Funds. | BR
China
Xi Jinping’s Policies Backfire: China Is Pariah for Global Investors | B
Industries & companies
Airlines: Boeing Vows It Won’t Build ‘Gliders’ as Engine Shortage Expands | B
Restaurants: Customer service suffers at short-staffed restaurants as Covid takes toll | C
Tech: After a turbocharged boom, are chipmakers in for a supersize bust? | E
Climate
‘Climate change affects everyone’: Europe battles wildfires in intense heat | R
Beyond markets
Tech Savvy or Tech Addicted? Older Adults Are Stuck on Screens, Too | W
