March 07 (Tuesday)

Latest Morning Briefing Executive Summary: Selected Sectors Short Studies
Our base-case economic outlook is upbeat. Stock investors likewise seem optimistic about the economy given which S&P 500 sectors have led the index’s advance since October. We recommend overweighting five S&P 500 sectors this year: Energy, Financials, Industrials, Information Technology, and Materials. … Also: We zero in on the themes and data supporting two of these recommendations, Information Technology, which stands to benefit from companies spending on productivity-enhancing technologies in this tight labor market, and Industrials, which should benefit from strong spending on infrastructure construction, manufacturing capacity, and industrial machinery in a growing economy.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on March 6.

Markets
A bull market is in full swing – and most of us are in denial | P
U.S. Treasury yields: investors anticipate Fed Chair Powell’s remarks | C

Commodities
Germany’s Schwedt refinery losing out in race from Russian oil | R
Ukraine Shift on Sunflower-Seed Exports Calms Cooking-Oil Market Rocked by War | W

Central banks
Fed Chair Powell heads to Capitol Hill, and he’s got his hands full | C
The Fed’s trillion-dollar bridge to nowhere | The Hill

US
How Seasonality Affects Our View of Inflation and Jobs, as Explained With Hot Dogs | W
Why poverty might be far worse in the U.S. than it’s reported | C
IWG CEO says commercial real estate has a ‘shock coming’ | C

Europe
French Strikes Escalate Campaign Against Macron’s Pension Overhaul | W

China
China Shakes Up Government as Xi Asserts More Control Over Policy | W

Industries & companies
Health Care: WeightWatchers Moves Into the Ozempic Market With Telehealth Deal | W
Pharma: The Government’s Covid Casualties | W
Retail: How Lego Beat Barbie and Monopoly | W
Tech: Salesforce Strives to Make Its Sales Force More Efficient | W

Geopolitics & trade
China’s Foreign Minister Says Ties With U.S. Risk Going Off the Rails | W
China’s new foreign minister on U.S. relations, Taiwan, spy balloon | C
New bill will give the Commerce Secretary the power to ban TikTok | C

Corporate finance
Rivian to raise $1.3 billion amid EV demand concerns | C

Beyond markets
Employees Terrorize Their Bosses Into Going Woke | W