September 12 (Monday)
Latest Morning Briefing Executive Summary: What’s The Matter With Productivity?
We aren’t giving up on our “Roaring 2020s” scenario. The idea is that labor shortages should trigger capital spending on technology that boosts productivity. The pandemic derailed that train over the first three years of the decade, exacerbating the chronic labor shortage and temporarily squashing productivity growth. We expect productivity growth to resume during H2 and strengthen to peak around 3.5%-4.0% within the next few years. … Boosting this rosy scenario: US manufacturers are spending more on productivity-enhancing tech as they expand domestic production capacity—which should continue as they move out of China.
(subscribers’ link)
YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on September 6.
Markets
Wall Street’s top analysts are bullish on these stocks amid an uncertain economy | C
Europe’s Unfolding Crises Could Impact U.S. Stocks. Here’s How. | BR
For Wall Street, a Strong Dollar Is Front and Center | W
Market Volatility Spells Opportunity for Options-Savvy Investors | BR
Why Is the Dollar So Strong? American Innovation | W
ESG on the edge: Controversy weighs on sustainable ETFs | C
Energy I
How Europe’s Energy Crisis Could Play Out | BR
How to deal with Europe’s energy crisis | E
Oil Prices Slump as Recession Fears Grow | W
Treasury Spells Out How Firms Can Comply With Russian Oil-Price Cap | W
Energy II
Korean nuclear fusion reactor achieves 100 million°C for 30 seconds | New Scientist
Elon Musk Slams Fusion, Says Future of Energy Is Wind and Solar | Futurism
Central banks
Quantitative Tightening Is About to Ramp Up. What It Means for Markets. | BR
US
Inflation Showed Signs of Easing in Several Industries in August | W
U.S. Heat Wave Hits Supermarkets’ Produce Sections | W
China
Will China’s economy ever overtake America’s? | E
Evergrande crisis deepens after lender seizes headquarters | FT
Geopolitics & trade
Xi to meet Putin in first trip outside China since COVID began | R
West weighs contentious anti-China move as U.N. rights council opens | R
Ukraine offensive ‘snowballs’ with fall of Russian stronghold | R
India’s Rice Export Ban to Further Strain Global Food Supplies | W
Industries & companies
Consumer discretionary: Amazon Buys Warehouse Robotics Company Cloostermans | W
Financials: PNC Financial Services Has Big Ambitions—and a 3.4% Dividend Yield | BR
Materials: Alcoa Has a Plan for Zero Emissions. Buy the Stock While It’s a Bargain. | BR
Retail: Should You Buy Target Stock? Yes, Its Problems Won’t Last Forever. | BR
Retail: Where Walmart, Amazon, Target are spending billions in slowing economy | C
Theme Parks: Everything we learned at Disney’s parks panel at the 2022 D23 Expo | C
Pandemic
Covid-19 Is Still Killing Hundreds of Americans Daily | W
