December 20 (Tuesday)
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
What’s Ahead for the Stock Market in 2023? Our Strategists Weigh In. | BR
Stock Picking Makes a Comeback in Market Turbulence | W
Central banks
The Bank of Japan shocks investors | E
Bank of Japan shocks global markets with bond yield shift | C
Bank of Japan Lets a Benchmark Rate Rise, Causing Yen to Surge | W
Japan Bends to Global Forces Pushing Up Interest Rates | W
Treasury Rally to Be Tested by Fed’s Next Move | W
Energy
Why the Gulf’s oil powers are betting on clean energy | E
U.S. Scores $4 Billion Windfall on Oil-Reserve Sales | W
US
2023 Could Bring Rolling Recessions and a Glimmer of Hope for Financial Markets | BR
The man behind Trump World’s myth of rigged voting machines | R
Congress releases spending bill with election reforms to prevent another Jan. 6 | C
China
China’s covid wave could kill as many as 1.5m people | E
Two health experts say China’s haste to re-open risks needless death and disruption | E
The world fears a new China COVID wave, ponders how to help Xi | R
Emerging
Emerging Markets Haven’t Seen a Bull Run in a Decade. Why There’s Hope for 2023. | BR
Geopolitics & trade
Japan’s Weapons Buildup to Bolster U.S. Efforts to Counter China | W
A looming Russian offensive | E
Analysis: Russia’s grim battle for Bakhmut may yield pyrrhic victory at best | R
Industries & companies
Autos: Why More EV Makers Aren’t Making Cars at All | BR
Autos: Auto execs less confident in EV adoption amid economic fears: KPMG | C
Chemicals: 3M to Stop Making, Discontinue Use of ‘Forever Chemicals’ | W
Financials: Wells Fargo Reaches $3.7 Billion Deal With Regulators Over Consumer Banking | W
Retail: Target under pressure, hopes value-hungry shoppers come to the rescue | C
Tech: Apple will reportedly begin producing some MacBooks in Vietnam in 2023 | C
Corporate finance
Oatly, Other Deflated IPO Stocks Haunt New-Issue Market | W
