September 26 (Monday)

Latest Morning Briefing Executive Summary: ‘Keeping At It’
We’re in a period of global gloom, with pessimism blanketing different countries for different reasons. In the US, measures of consumer, investor, and business sentiment all have sunk recently, which the stock market mirrors. America’s despondency stems much from the Fed’s words and deeds as it attempts to corral inflation at all costs. … Today, we offer a brief review of Fed Chair Powell’s public statements over recent months, tracing his increasing hawkishness. … And: How’s the economy been holding up in the face of Fed hawkishness? So far, so good. The latest data jibe with our growth recession scenario, but the risks of a full-blown recession are obviously increasing.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on September 19.

Markets
Buying the Stock-Market Dip Is Backfiring. Investors Keep Piling In Anyway. | W
Junk-Bond Yields Top 8%. It Could Be a Good Time to Buy. | BR
Why Standard Deviation Is the Wrong Way to Measure Risk in a Bear Market | BR
Never Mind Growth vs. Value Stocks, Look to Beta | Morningstar
 
Central banks
Central Banks May Stoke Risks by Raising Interest Rates Together | W
The Fed Appears More Optimistic Than Some Investors. Here’s Why. | N
Atlanta Fed President Bostic expects job losses but says there’s a really good chance to get to 2% inflation without killing the economy | C

US
The U.S. Is Running Short of Land for Housing | W
Fight Over Joe Manchin’s Permitting Overhaul Clouds Stopgap Funding Bill Outlook | W
Breaking Down New York’s Long-Awaited Fraud Lawsuit Against Donald Trump | The New Yorker

Europe
How afraid should Europe be of Giorgia Meloni? | E
Exclusive: Italy and Intel pick Veneto as preferred region for new chip plant | R

Geopolitics & trade
U.S. warns of catastrophic consequences if Russia uses nuclear weapons in Ukraine | R
Zelenskyy on Putin’s threat of nuclear weapons: ‘I don’t think he’s bluffing’ | C
Vladimir Putin vows to send more invaders. The West should arm Ukraine faster | E
China Stresses Its Taiwan Stance at U.N. | W
North Korea fires ballistic missile ahead of U.S. VP Harris visit | R

Industries & companies
Autos: Toyota Engages With Critics of Its EV Push | W
Autos: Ford Stock Is Still a Buy, Despite Supply Issues. Here’s Why. | BR
Energy: APA Corp. Scours the Globe for Oil and Gas. Its Stock Could Surge. | BR
Financials: New minimum tax could hit Berkshire Hathaway and Amazon hardest, study shows | C
Healthcare: Healthcare Learned a Lot From Covid. 12 Ways to Invest Now. | BR
Media: ‘Avatar’ re-release shows franchise’s overseas strength | C
Media: ‘The Woman King’ shows why the box office needs more mid-budget movies | C
Pharma: Trial Results for Biogen’s New Alzheimer’s Drug Are Coming Soon and Have Huge Implications | BR
Retail: What Kroger, Walmart, Target learned from China about grocery’s future | C

Climate
An energy crisis and geopolitics are creating a new-look Gulf | E
Climate Change Forces French Vineyards to Alter the Way They Make Wine | W
 
Beyond markets
How to keep the brain healthy | E
Why Jack Welch Wouldn’t Cut It Today | Institutional Investor