October 13 (Thursday)

Latest Morning Briefing Executive Summary: On Semis, Valuation & Energy
The cyclical S&P 500 Semiconductors and Semiconductor Equipment industry indexes have had a terrible week and year. … Also: The stock market’s poor recent performance has been mostly attributable to valuation resets at lower levels. Jackie finds a mixed valuation picture among sectors and industries. … And: Developments that exert upward pressure on oil prices have been countered by factors with the opposite effect; three in particular have been sapping global demand for oil lately.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on October 10.

Markets
S&P 500 closes lower, notching six days of losses ahead of key inflation report | C
Stocks Slip After Fed Minutes and Inflation Data | W
Stocks Move in Lockstep as Fed’s Rate Increases Show No Mercy | W
Cash is king again as money managers are in no rush to embrace risk with Fed raising rates | C
Treasury yields fall slightly as traders await Thursday’s CPI report | C
Column: OPEC+ risks overtightening the oil market | R

Central banks
Federal Reserve Worry About Faster Inflation at Last Meeting | N
Fed officials worried more about doing too little on inflation than too much | R
Fed Minutes Show Concerns of More Persistent High Inflation | W
How the Fed Might Slow Down | W
ECB closing in on rule change to shave banking profits, sources say | R
 
Global
IMF Urges Governments Restrain Spending to Fight Inflation | W
Treasury’s Yellen says global economy faces headwinds, warns of geopolitical ‘coercion’ | R

US
Consumer inflation seen to have run hot in September, boosted by rent | C
Labor Hoarding Could be Good News for the Economy | N
ACT Test Scores Drop to Lowest Levels in More Than 30 Years | W

China
A Dissident Escapes Xi Jinping’s China and a Life ‘Made Up of Lies’ | W

Europe
Bank of England Ultimatum Puts New Pressure on U.K. Markets | W
U.K. Pension Funds Rush to Raise Cash as Central-Bank Deadline Looms | W

Geopolitics & trade
How Ukrainian Strategy Is Running Circles Around Russia’s Lumbering Military | W
U.N. denounces Russian ‘annexation’ while West backs Ukraine with more air defenses | R
U.S. may block Russian aluminum imports -source | R
Putin moots gas hub in Turkey with Nord Stream supplies | R
Special Report: U.S. firm supplied networking tech to maker of Russian missiles | R
U.S. Sees ‘Decisive Decade’ Ahead in Competition With China, Russia | W

Industries & companies
Autos: GM’s Chevrolet Trax crossover comes with new tech, design, lower price | C
Consumer Discretionary: Amazon’s growing private label business is challenge for small brands | C
Consumer Discretionary: Amazon Second Prime Day: Shoppers Pick Household Goods Over Pricey TVs, Laptops | B
Tech: The Quest Pro’s $1,500 ticket to Mark Zuckerberg’s metaverse | Vox

Beyond markets
Deadly Ebola Outbreak Spreads to Uganda’s Capital | W