September 15 (Thursday)

Latest Morning Briefing Executive Summary: MegaCap-8, Strikes & Hydrogen
How the mighty have fallen. We’re talking about the eight large-capitalization stocks dubbed the “MegaCap-8,” which collectively—and most individually—have sorely underperformed benchmarks. When these behemoths swoon, most Growth portfolios feel the thud. … Also: Unions are up in arms over wages that aren’t surging as fast as inflation, and they’re feeling empowered by the tight labor market. Strikes may be coming. Jackie looks at some hot spots in various industries. … And: Don’t dismiss hydrogen as a green alternative to fossil fuels. It’s starting to look like the go-to fuel source for energy-intensive industrial processes.
(subscribers’ link)

YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on September 6.

Markets
Stocks Edge Higher After Steep Selloff | W
Markets Keep Making the Same Mistake About Inflation | W
Oil rises on weakening dollar, potential supply disruptions | R

Central banks
Brace for recession as the Fed spikes interest rates and inflation soars | NYP
Federal Reserve Wants Citigroup to Move Faster to Fix Problems With Its Risk Systems | W

US
Inflation for U.S. Suppliers Remained Elevated in August | W
U.S. Inflation Remained High in August | W
Possible U.S. Railroad Strike Could Fuel More Inflation | W
Battery Recycling Race Heats Up After Inflation Reduction Act | W

Europe
Russia’s Economic War Hits Europe’s Factories | W

Japan
Japan posts record trade deficit in August as energy imports soar | R

Industries & companies
Autos: 2024 Ford Mustang: Gas-powered muscle car to take on electric rivals | C
Autos: Ford asks dealers to invest in EVs as it chases Tesla-like profit | C
Autos: Tesla struggles with Elon Musk’s strict return to office policy | C
Railroads: U.S. passenger railroad Amtrak to cancel all long-distance trains | C

Geopolitics & trade
China’s next Taiwan targets are lifelines of the US economy | The Hill
Russia Strikes Zelensky’s Hometown as Ukrainian President Visits Recaptured Territory | W
Ukraine’s Zelenskiy sees damage in recaptured towns; Russia strikes city water system | R
 
Technology
Taiwan president warns of ‘volatile’ challenges facing chip industry | R

Climate
Patagonia founder gives away company to help fight climate crisis | R
Newsom to CNBC: California avoided rolling blackouts in extreme heat