September 07 (Wednesday)
Latest Morning Briefing Executive Summary: Can TINAC Survive A Global Recession?
Prospects for a global recession have risen in the wake of recent geopolitical developments. Global economic indicators have been showing signs of weakness too. … If the global economy sinks into a recession, will the US economy follow suit, as typically has happened in the past? Not necessarily this time. We still expect no more than a “rolling recession” that hits different sectors at different times without an economy-wide downturn. … Our rationale for recommending overweighting US stocks in global portfolios still holds—i.e., there is no alternative country (TINAC). … And: Joe clears up some confusion about Q2 earnings.
(subscribers’ link)
YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on September 6.
Markets
U.S. Stocks End Lower After Labor Day Weekend | W
U.S. Dollar Strength Lifts Americans’ Relative Spending Power | W
U.S. bonds: U.S. Treasury yields rise following strong economic data | C
US
Conflicting Surveys Paint Mixed Picture of Services Providers | W
California Power Grid Faces Biggest Blackout Risk of Year as Heat Wave Intensifies | W
Manchin Plan to Fast-Track Energy Projects Headed for Showdown | B
Europe
Energy crisis: Why has Russia cut off gas supplies to Europe? | C
The Dirty Job of Rationing Electricity and Gas: Elements by Javier Blas | B
Germany to keep two nuclear plants available as a backup, burn coal | C
China
A Slowing China Helps Rein In Inflation Around the World | W
China’s ESG Fund Investing Boom Follows Xi’s Political Agenda | B
Geopolitics & trade
Ukraine’s Zelenskiy ‘rings’ NYSE bell, seeks $400 bln in foreign investment | R
Industries & companies
Airlines: How airlines give you internet access at 35,000 feet — and why it still needs a lot of work | NN
Beyond markets
People who recently caught Covid can wait to get omicron booster | C
Covid omicron booster shots should better protect against infection, serious illness | C
U.S. Plans Shift to Annual Covid Shots as New Boosters Roll Out | W
