August 01 (Monday)
Latest Morning Briefing Executive Summary: Switching Planets: Investors Now From Venus, Analysts From Mars
We’ve been making the case that the latest bear market might have bottomed on June 16. So far, so good. … Just a few weeks back, industry analysts’ earnings estimates suggested they were oblivious to investors’ recession fears, and we quipped that the former was from Venus, the latter from Mars. Now it’s investors interpreting news with a rosy bias as analysts shave their estimates. … The stock market now appears to be discounting investors’ recent hopes of peak inflation, peak Fed hawkishness, and a mild recession. … Also: We examine Powell’s suggestion that monetary policy is nearly restrictive. … And: The Bond Vigilantes are from Venus now too.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on July 25.
Markets
The Power of Positive Thinking Returns to Markets | W
Individual Investors Ramp Up Bets on Tech Stocks | W
Central banks
How the Fed’s Response to Inflation Now Can Avert a 1970s-Style Crisis | BR
Neel Kashkari: Rising inflation larger threat than potential recession | C
Commodities
Oil prices slip ahead of OPEC+ meeting | R
U.S. Eyes Sanctions Against Global Network It Believes Is Shipping Iranian Oil | W
The World Food Shortage Is Getting Worse. These Companies Have Solutions. | BR
Farm Giants Expect Continued Food-Supply Problems Despite Ukraine Grain Deal | W
Falling Food Prices Ease Upward Pressure on Global Inflation | W
US I
Lower Inflation Likely Requires Higher Unemployment; How High Is the Question | W
Consumers Have Powered Through the Pandemic and Inflation—Until Now | W
U.S. Consumers are ‘Trading Down.’ How to Play It With Options. | BR
US II
How Pessimistic Americans Could Worry the Economy Into Recession | BR
Recession another victim of Democrats’ rewriting of the English language | P
Bidenflation has become Bidencession | Washington Examiner
Manchin touts inflation reduction bill, says ‘I’m not getting involved’ in upcoming elections | C
Federal emergency savings proposals may also boost retirement funding | C
Senate Tax-and-Climate Plan Hinges on Streamlining Energy Projects | W
Emerging
China’s Stumbling Manufacturing, Property Sectors Show Long Road to Recovery | W
The Putin Show | E
MBS: despot in the desert | E
Geopolitics & trade
The Ukraine war may ring the knell for nuclear arms control | E
Pelosi Travels With Delegation to Asia Amid Chinese Warnings Not to Visit Taiwan | W
Technology
Shenzhen accelerates China’s driverless car dreams | R
The U.S. Is Investing Big in Chips. So Is the Rest of the World. | W
Beyond markets
How the Covid-19 Pandemic Changed Americans’ Health for the Worse | W
