September 17 (Saturday)

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
U.S. Stocks Close Lower After FedEx Warning | W
Stocks close lower on Friday, extending sell off for worst week since June for S&P 500 and Nasdaq | C

Energy
Column: U.S. gas producers struggle to meet demand | R
Putin tells Europe: if you want gas then open Nord Stream 2 | R
Germany Takes Control of Oil Refineries Owned by Russia’s Rosneft | W

Central banks
Forecast for Fed terminal rate hits new high, shaking stocks and bonds | R

US
Strikes Becoming More Common Amid Inflation, Tight Labor Market | W
As Mortgage Rates Top 6%, More Borrowers Choose Adjustable-Rate Loans | W
NYC Mayor Eric Adams asks tech execs to keep companies in the city | C
New York City is nearing the tipping point in return to office work | C

Geopolitics & trade
Putin Threatens to Walk Away From Ukraine Grain Deal | W
Exclusive: Zelenskiy accuses Russia of war crimes, sees no early end to war | R

Industries & companies
Retail: Home Depot’s customers have been resilient despite turmoil, CEO says | C
Shipping: FedEx Stock Tumbles After Warning on Economic Trends | W

Technology
Scientists hail autoimmune disease therapy breakthrough | Science | The Guardian

Crypto
Here’s what’s in Biden framework to regulate crypto | C