December 17 (Saturday)
Latest Morning Briefing Executive Summary: The Fed, Consumers, China, & Fusion
FOMC sees rates headed higher for longer, but a soft economic landing remains in the cards. …. The Consumer Discretionary sector stands to profit from the drop in prices for gas, cotton, and shipping on the high seas. Lower inflation and higher wages should help, too. …. China’s politicians may hope eliminating zero-Covid policies will boost the nation’s economy. But the likely surge of Covid cases may prompt citizens to enter self-imposed isolation. …. Scientists reported a great advancement in nuclear fusion. But expect many more years of development before we’ll know if fusion will become an economically feasible way to generate carbon-free electricity.
(subscribers’ link)
YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on December 12.
Markets
Dow closes more than 200 points lower, falls for second straight week | C
Forget Stock Predictions for Next Year. Focus on the Next Decade. | N
Global
Price Pressures Ease in U.S. and Europe, Businesses Say | W
Central banks
Italian economy minister says ECB rates hikes worrying for Rome | R
Energy
Breakneck LNG build-out shows Germany can move fast, Scholz says | R
Bill Gates-backed nuclear demonstration delayed by at least 2 years | C
US
Americans Expect Worsening U.S. Economy in 2023, WSJ Poll Finds | W
Why This Housing Downturn Isn’t Like the Last One | W
China
New Covid model predicts over 1 million deaths in China through 2023 | C
In COVID-hit Beijing, funeral homes and crematoriums are busy | R
Europe
EU Greenlights 15% Corporate Minimum Tax, Advancing Global Deal | W
Italy urges EU to give strong and strategic response to U.S. IRA | R
Geopolitics & trade
Putin’s New Strategy: Laying Claim to Traditional Values | W
Industries & companies
Autos: Ford F-150 Lightning electric pickup gets another price hike | C
Financials: Goldman Sachs is planning to cut up to 8% of its employees in January | C
Media: ‘Avatar: The Way of Water’ makes $17 million in Thursday previews | C
