October 19 (Wednesday)

Latest Morning Briefing Executive Summary: On Mid-Terms, Earnings & Commodities
Octobers tend to turn out decent returns during mid-term election years. Twelve bear markets have met their demise during October, often setting the stage for Santa Claus rallies. … Q3 earnings season has stumbled out of the gate, but stocks have rallied anyway. We look at which sectors and industries benefited the most and where estimate-cutting industry analysts are cutting the most. … Also: Melissa discusses how recent news from China and Europe has been affecting commodities prices.
(subscribers’ link)

YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on October 17.

Markets
Stocks Notch Second Day of Gains | W
Biden to Sell More Oil From Strategic Reserve to Keep Gas Prices in Check | W

Central banks
Fed’s Bostic: U.S. needs to work through labor market “shuffle and churn” | R
ECB set to warn of risks in its non-binding opinion on Spanish tax proposal, sources say | R

Energy
EU Seeks Power to Set Emergency Cap on Gas Prices | W
French Protests Highlight Pressure on European Leaders From Energy Crisis | W
Biden to lay out plan to complete emergency oil sales, support U.S. production | R
Fashion Industry Gets Torn by Europe’s Soaring Energy Bills | W

US
Inflation Causes IRS to Raise Tax Brackets, Standard Deduction by 7% | W
Currency hit to N. American companies seen ‘bad’ after rough Q2 -report | R
Home Buyers Flock to Florida Cities Devastated by Hurricane Ian | W

China
Xi Jinping’s Ideological Ambition Challenges China’s Economic Prospects | W
 
Geopolitics & trade
Russian commander admits situation is ‘tense’ for his forces in Ukraine | R

Industries & companies
Autos: Rolls-Royce has over 300 orders for its $413,000 Spectre electric vehicle | C
Financials: Goldman Shuffle Aims to Reduce Reliance on M&A | W
Materials: EXCLUSIVE Glencore delivers Russian-origin aluminum into LME system -sources | R
Media: Netflix Gains 2.4 Million New Subscribers, Reversing Trend | W