December 29 (Thursday)
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.
Yardeni Says Stock Bulls Have ‘Narrow Path’ to Victory in 2023 | B
Markets
These Are the Stocks That Kept Investors Up at Night in 2022 | B
The Great Liquidity Debate: Top Wall Street Traders Size Up the 2022 Fallout| B
An Epic Dollar Rally Goes Into Reverse—and Investors Expect Further Declines | W
Energy
Oil Market Was Splintered in 2022 by Russia’s Invasion of Ukraine | W
Europe Taps Tech’s Power-Hungry Data Centers to Heat Homes | W
Here’s why the U.S. electric grid isn’t running on 100% renewable energy yet | C
US
US Jobless Claims Rise Slightly But Remain Near Historic Lows | B
The second housing bubble of the 21st Century ends
Mortgage Rates in the US Rise for the First Time in Seven Weeks | B
Consumers Change Food-Delivery Habits | W
Economy Has Drinkers Choosing Prosecco Over Champagne | W
Here’s why egg prices surged in 2022. Those elevated costs could last into the first quarter of 2023, expert says | C
$1 million in retirement savings lasts longest in these 10 states—almost half are in the southeast | C
China
China’s Xi solidified grip on power during tumultuous 2022 | R
Beijing Calls for Measured, Science-Based Response to Its Covid Outbreak | W
Industries & companies
Airlines: Southwest Airlines meltdown: When ultra-efficiency is not supported by technology | The Hill
Media: 2022 was tough for media stocks like Netflix and Disney, and 2023 doesn’t look good, either | C
Retail: Retail Investors Took a Beating in 2022. Will It Continue in 2023? | B
Tech: Apple iPhone Output in China Begins to Catch Up Despite Covid-19 Issues | W
Tech: Amazon lost half its value this year as tech stocks got crushed and recession fears grew | C
