December 21 (Wednesday)
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.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on December 12.
Markets
Dow Edges Higher After Surprise Bank of Japan Adjustment | W
Column: Commodity forecasts are absurd, but China is key as Ukraine fades | R
Bill Gross says markets are headed for ‘potential chaos’ if interest rates keep going up | C
Central banks
Bank of Japan Lets a Benchmark Rate Rise, Causing Yen to Surge | W
Japan to revise statement with central bank to water down price target, Kyodo reports | R
Fed zooms in on American paychecks as it takes inflation battle into 2023 | B
Energy
Gazprom: gas supplied in full, bypassing damaged Russian export pipeline | R
Porsche starts production of e-fuel that could provide gas alternative | C
US
Higher mortgage rates depress U.S. single-family housing starts, building permits | R
Lawmakers Boost Military, Domestic Spending in $1.65 Trillion Omnibus Bill | W
‘Secure 2.0’ on track to usher in changes to the retirement system | C
China
China population: with 2022 set to be a turning point, what’s next as economy, coronavirus take toll? | SCMP
China’s sudden ‘reopening’ reveals new economic challenges | C
Geopolitics & trade
Opinion | The U.S. Needs to Change the Way It Does Business With China | N
Industries & companies
Media: Marvel sequels are most anticipated movies of 2023: Fandango survey | C
Pharma: Many Hospitals Get Big Drug Discounts. That Doesn’t Mean Markdowns for Patients. | W
Beyond markets
JFK taxi dispatch system hacked, New York men arrested for conspiracy | C
