January 12 (Thursday)

Latest Morning Briefing Executive Summary: Financials, Materials & Robots
Yes, most banks and brokerages’ Q4 results will be down y/y, but investors already knew that. As long as earnings reports don’t bring much new negative news, the S&P 500 Financials sector’s rebound may continue, buoyed by easy y/y comparisons ahead. … Also: The World Bank‘s global growth forecast for this year is now a grim 1.7%. But you’d never know it from the surge in metals prices and the S&P 500 Materials sector since October. The strong dollar, China’s lockdown unlocking, and Europe’s energy resourcefulness no doubt have helped. … Also: How robots are about to transform farming, EV fueling, and manufacturing productivity.
(subscribers’ link)

YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on January 9.

Markets
Stocks Rise as Investors Focus on Inflation | W
Fed’s No-Rate-Cut Mantra Rejected by Markets Seeing Recession | B

Central banks
Inflation is expected to have declined in December, but it may not be enough to stop the Fed | C

Global
Two global recessions in one decade? That hasn’t happened in over 80 years | NN
Cost-of-Living Crisis Is Top Immediate Risk for Davos Elite | B

US
Forget Core CPI, Market Pros Are Searching for Supercore Inflation | W
Traders Lose Trust in CPI Data Security in Wake of Volume Shock | B
Housing-Market Funk Has Lumber Traders Expecting Rally to Fizzle | B
IRS Still Working Through Last Year’s Returns as This Year’s Tax Season Looms | W

Energy
Why your gas bill might be way higher this winter | Vox
U.S., Allies Prepare Fresh Sanctions on Russian Oil Industry | W
Russian oil revenues falling because of price cap -U.S. official | R

Geopolitics & trade
U.S., Japan Expand Security Cooperation With New Steps to Counter China | W

Industries & companies
Airlines: US Aviation System Meltdown Tied to Corrupted Digital File | B
Airlines: Explainer: Why U.S. flights were grounded by a FAA system outage | R
Retail: Starbucks CEO Howard Schultz tells corporate workers to return to the office 3 days a week | C
Tech: Apple reportedly considering touchscreen Mac laptop for 2025 | C

Covid
Long Covid Study Shows Symptoms Fading for Mild Infections | B
The ‘experts’ who misled us during the COVID-19 pandemic | WT

Crypto
FTX Says It Has Located More Than $5 Billion in Cash, Liquid Assets | W