January 25 (Wednesday)
Latest Morning Briefing Executive Summary: What’s in Style At S&P and the Fed?
Standard & Poor’s last month reshuffled the components of its S&P Growth and Value indexes, with dramatic impacts on their valuation metrics. Ejected from the Pure Growth index were most of the MegaCap-8 companies, along with their gargantuan capitalizations; now only Apple remains. The forward P/Es of the S&P 500 Growth and Pure Growth indexes plummeted as a result. … Also: While FOMC members can’t share what’s been on their minds during the current pre-meeting quiet period, Melissa recaps what they last said about their expectations for monetary policy.
(subscribers’ link)
YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on January 23.
Markets
Jittery Investors Turn to Cash in Hunt for Yield | W
NYSE Glitch Causes Erroneous Prices in Hundreds of Stocks | W
Global
U.S. Economy Slows, but Europe’s Picks Up, Raising Hopes World Will Avoid Recession | W
Central banks
White House Considers Fed Vice Chair for Role as Biden’s Top Economic Adviser | W
US I
Weekly mortgage demand jumps 7% as interest rates drop to lowest level since September | C
These 4 cities will suffer a 2008 crash in home values: Goldman Sachs | P
Inflation is cooling, but prices on many items are going to stay high for months | C
America, it’s time to pay the demographic piper | The Hill
US II
Joe Biden, Chuck Schumer, Hakeem Jeffries Look to Project Unity Ahead of Spending Fights | W
Ron DeSantis Becomes Focus of Attacks From 2024 GOP Presidential Hopefuls | W
Former Trump UN ambassador Nikki Haley gears up for likely 2024 run for president | C
Joe Manchin to Introduce Bill to Delay EV Tax Credits | W
Why the $7,500 EV tax credit may be tougher to get starting in March | C
Geopolitics & trade
U.S., Europe Tussle Over Frenzy of Clean-Energy Subsidies | W
Explainer: Why is Turkey blocking Swedish and Finnish NATO membership? | R
Russia says it carried out hypersonic missile exercises using a frigate in the Atlantic | C
Industries & companies
Communications Services: Google job cuts hit 1,800 employees in California, including 27 massage therapists | C
Technology
Professors Turn to ChatGPT to Teach Students a Lesson | W
Beyond markets
The Art Behind Supply Chains Is Front and Center at a Museum Exhibit | W
BlockFi secret financials show a $1.2 billion relationship with Sam Bankman-Fried’s crypto empire | C
Half of U.S. mass attacks sparked by personal, workplace disputes – report | R
Dozens of Major Shootings Sweep the U.S. in January | W
