January 13 (Friday)
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 close higher, Nasdaq clinches fifth day of gains after CPI report shows cooling inflation | C
The Markets Are Locked in a Game of Chicken With the Fed | W
Central banks
Time for the Fed to declare victory on inflation? Not yet | C
Inflation Report Tees Up Likely Quarter-Point Fed Rate Rise in February | W
Fed policymakers signal rate-hike slowdown coming, but no easing | R
Energy
Column: U.S. gas prices slump on production surplus | R
US
U.S. Inflation Slowed for Sixth Straight Month in December | W
December CPI: Prices fell 0.1% reflecting a slowdown for inflation | C
U.S. inflation retreating as consumer prices fall; labor market still tight | R
Here’s the inflation breakdown for December 2022 — in one chart | C
CEOs Say They Expect a U.S. Recession, but Most Think It Will Be Short | W
Federal Deficit Widened to $85 Billion in December | W
Bosses Give Workers Made-up ‘Manager’ Titles To Avoid Paying Overtime: Study | vice.com
China
China’s Precarious Moment: Covid Everywhere and Few Restrictions | W
Retail
Media: Peltz may be overreaching with Disney proxy fight | C
Retail: Home Depot to change pay policy for hourly employees | R
Wireless: It’s Not Just You: 5G Is a Big Letdown | W
Climate
Explainer: Why weeks of rain in California will not end historic drought | R
Crypto
SEC charges Genesis and Gemini with selling unregistered securities | C
Sam Bankman-Fried denies stealing FTX user crypto in new Substack post | C
Beyond markets
U.S. Cancer Death Rate Has Dropped by a Third Since 1991 | W
Child Vaccination Rates Have Dropped, CDC Says | W
Measles: 250,000 kindergarteners are vulnerable due to drop in vaccination rate | C
