December 27 (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
After Muni-Bond ‘Bloodbath,’ Expectations for 2023 Are Muted | W
US
U.S. retail sales grows 7.6% in holiday season -Mastercard data | R
Home Prices Fell in October for Fourth Straight Month | W
Baking Supplies Cost a Lot More This Year. So Did Flying. But That Flat-Screen TV Got Cheaper. | W
Europe
European Luxury Shares Rise on Easing of Chinese Border Restrictions | W
China
Does Zero Covid’s End Mean China Is Running Out of Money? | W
With ‘Zero Covid,’ China Proved It’s Good at Control. Governance Is Harder. | N
China’s COVID cases overwhelm hospitals | R
China Cities’ Covid Estimates Suggest Infections May Peak in January | B
Chinese make travel plans as Beijing dismantles zero-COVID rules | R
China Covid: Lemons, peaches and TCM bought as protection from virus | C
Wealthy Chinese, Fed Up at Home, Find a Haven in Japan | W
Japan
Japanese Companies Reach Natural-Gas Deals With Oman, U.S. | W
India
India’s Upscale Housing Market Strengthens, Defying Global Trend | W
Geopolitics & trade
China-US Diplomatic Relations: Chinese Plan to Improve Ties | B
Taiwan reports China’s largest incursion yet to air defence zone | R
The new geopolitical epoch | E
Industries & companies
Airlines: Southwest cancels 70% of flights as travel disruptions ease elsewhere | C
Airlines: Southwest Airlines CEO Says More Cancellations Ahead as Airline Tries to Recover | W
Autos: Why 2023 could be another difficult year for the auto industry | C
Autos: Auto-Loan Interest Rates Are Skyrocketing. No One Told Credit Unions. | W
Tech: IBM stock outperformed technology sector in 2022 | C
Tech: Chip Inventories Swell as Consumers Buy Fewer Gadgets | W
Tech: Laid Off Tech Workers Quickly Find New Jobs | W
Technology
Robots Are Replacing Workers Lost in the Pandemic. Why They’re Here to Stay. | BR
