January 04 (Wednesday)
Latest Morning Briefing Executive Summary: All About Central Banks
Bears warning that the worst is yet to come for financial assets and the economy emphasize the effects on asset prices of central banks’ recent tightening policy moves, in the US and around the world. Yes, the unconventionally easy monetary policy that greased financial markets for more than a decade is over, but quite a bit of the tightening that has replaced it has been discounted by financial markets already. Moreover, most asset bubbles have burst already without much collateral damage. And the US markets continue to benefit from record foreign capital inflows. … Also: Melissa recaps recent monetary policy developments in Europe, Japan, and China.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on January 3.
Markets
Stocks close lower on first trading day of 2023, hurt by slumping Apple, Tesla | C
Energy
European Gas Falls To Lowest Level Since Before War in Ukraine | B
Saudi Crown Prince Tangles With Sovereign Wealth Fund Over How to Invest Oil Riches | W
Exxon, Chevron Focus on Oil Projects in the Americas | W
US
Recession? What Recession? Pass Me Some Grapes. | N
A simple question: What do we get for $1.7 trillion? | The Hill
Home price gains weakened sharply in November | C
More Bosses Order Workers Back to the Office as Job Market Shifts | W
Tech Layoffs Are Happening Faster Than at Any Time During the Pandemic | W
Geopolitics & trade
Supply chain managers wary of shifting trade back to West Coast ports | C
Industries & companies
Airlines: Southwest Airlines Offers 25,000 Points to Passengers Hit by Travel Meltdown | W
Autos: Ford F-Series 2022 sales show pickup continued decades-long dominance | C
Communications Services: Internet providers warn against EU plans to make Big Tech cover telcos costs | R
Covid
70% of Shanghai population infected with COVID, doctor fears | P
EU Set to Impose Coordinated Controls on Travelers From China | W
Crypto
Regulators warn U.S. banks on crypto risks including ‘fraud and scams’ | C
Sam Bankman-Fried pleads not guilty to fraud charges in New York | C
