January 20 (Friday)
Latest Morning Briefing Executive Summary: Health Care, Going Global & ChatGPT
The S&P 500 Health Care sector sheltered investors from the ravages of last year’s bear market, but it’s been underperforming since the market began to recover in mid-October. Jackie examines why other sectors might be more alluring now and why investors are looking past meager 2023 growth prospects for select health care companies active in M&A. … Also: Why have global stocks begun outperforming US stocks? Fears not materializing in Europe and China are part of the picture, US economic uncertainty and middling earnings growth prospects are another. … And: In a world where AI programs can write like humans, what could go wrong? Plenty.
(subscribers’ link)
YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on January 17.
Markets
10 Undervalued Dividend Stocks for 2023 | Morningstar
Central banks
Fed to deliver two 25-basis-point hikes in Q1, followed by long pause | R
Fed Governor Lael Brainard sees high rates ahead even with progress on inflation | C
Fed’s Williams says Fed needs more rate rises to cool inflation | R
Top Fed Officials See Progress on Inflation Fight | W
US
U.S. hits debt limit, Janet Yellen says Treasury taking extraordinary measures | C
Layoffs in tech, media, and finance don’t mean you’re getting laid off, too. | Vox
Capital One scraps 1,100 tech positions – source | R
Even with used car prices falling, buyers paying $7.1K above ‘normal’ | C
China
China’s reopening ‘good news’ for growth — but could be inflationary, economists warn at Davos | C
Entrepreneurs Flee China’s Heavy Hand: ‘You Don’t Have to Stay There’ | N
Europe
Workers in France Strike Over Macron’s Plan to Raise Retirement Age to 64 | W
Industries & companies
Airlines: FAA contractor unintentionally deleted files before outage that disrupted flights | C
Media: Netflix Co-Founder Reed Hastings Transitions to Chairman Role, With Greg Peters Elevated as Co-CEO | W
Media: Netflix rivals like Disney are comrades in fight against slow growth | C
Pharma: FDA Seeks More Data on Lilly’s Alzheimer’s Drug Candidate | W
Retail: Nordstrom sinks after retailer posts weak holiday sales | C
