January 21 (Saturday)
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
S&P 500 Jumps After Three Days of Losses | W
Stock Faithful Try to Look Past US Bond Market’s Sullen Signals | B
China Stocks: Bullish, Alibaba, Evergrande, Crowded Trade, Xi Jinping, Jack Ma | B
FOMO: The Worst Financial Trait | Collab Fund
Davos
The Ultimate Contrarian Indicator to Start the Year | W
US
JPMorgan Model Shows Recession Odds Fall Sharply Across Markets
U.S. Existing-Home Sales Slid Last Year as Interest Rates Surged | W
Unemployed Americans Find Job Searches Take Longer as Labor Market Cools | W
Life as a 21st-Century Trucker | WIRED
China
China says COVID outbreak has infected 80% of population | R
Industries & companies
Consumer Discretionary: Inside Amazon’s layoffs and the battle for the tech giant’s future – Vox
Communications Services: Google is delaying a portion of employee bonus checks | C
Energy: The Offshore Oil Business Is Gushing Again | W
Financials: Federal Reserve Probes Goldman’s Consumer Business | W
Real estate: Investing in REITs vs. Direct Real Estate | Morningstar
Crypto & NFTs
Feds seize almost $700 million of FTX assets in Sam Bankman-Fried case | C
Crypto Banks Borrow Billions From Home-Loan Banks to Plug Shortfalls | W
Crypto Lender Genesis Files for Bankruptcy, Ensnared by FTX Collapse | W
SBF, Bored Ape Yacht Club, and the Spectacular Hangover After the Art World’s NFT Gold Rush | Vanity Fair
Technology
Digital twins are set for rapid adoption in 2023 | C
Beyond markets
Shining a Light (Literally) on How Much Dictators Manipulate Their Economic Stats | W
Tech Nostalgia: BlackBerrys, Dictaphones and 11 More Things We Miss in 2023 | W
