October 15 (Saturday)
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
Stocks Drop After Wild Surge on Wall Street | W
Dow closes 400 points lower to end a wild week of trading | C
Groping for a Bottom – The Big Picture (ritholtz.com)
Jamie Dimon says expect ‘other surprises’ from choppy markets after U.K. pensions nearly imploded | C
OPEC+ Cuts Could Lead To Supply Deficit In Oil Markets | OilPrice.com
Global
IMF Urges Faster Debt Relief for Nations Fighting High Inflation, Hunger | W
Central banks
Federal Reserve probing Bostic’s trading after blackout period transactions | C
Exclusive-Fed’s Bullard favors ‘frontloading’ rate hikes now, with wait-and-see stance in 2023
US
Americans Spend Less on Gas, More on Food as Inflation Varies Across Items | W
Inflation and the Midterm Elections | W
Deere invests $29.8M to shift production from China to Louisiana (NYSE:DE) | Seeking Alpha
Europe
U.K. Prime Minister Liz Truss Fires Treasury Chief, U-Turns on Taxes | W
China
Xi Jinping’s Endgame: A China Prepared for Conflict With the U.S. | W
A Slew of China Builders Gets Ratings Dropped as Crisis Worsens | B
Chinese Internet Users Lose Access to WeChat App After Beijing Protest | W
Geopolitics & trade
Exclusive: EU ministers to discuss Iran drones to Russia, future sanctions, sources say | R
Sweden shuns formal joint investigation of Nord Stream leak, citing national security | R
Marine Le Pen Wants France to Chart Its Own Course Between U.S. and Russia | W
U.S. Has Made ‘Dramatic Change’ in Technology Used for Nuclear Code System | W
Industries & companies
Autos: Lithium for Tesla, EVs, batteries: Touring Silver Peak, Nevada | C
Pharma: Review: Abbott Freestyle Libre 3 CGM for diabetics | C
Retail: Retail Spending Was Flat in September Amid High Inflation | W
Corporate finance
Kroger and Albertsons in Deal Talks to Create Supermarket Powerhouse | W
Fed Approves U.S. Bancorp Acquisition of MUFG Union Bank | W
Beyond markets
Omicron BA.5 is declining as emerging variants gain ground: CDC data | C
