March 27 (Monday)
Latest Morning Briefing Executive Summary: ‘Is It Safe?’
The recent banking crisis has heightened fears of a recession. But still the S&P 500 is up ytd—buoyed greatly by the MegaCap-8 stocks. … The SVB debacle hasn’t changed our economic outlook, which pegs the odds of a recession at a relatively high 40%, as we’re not convinced it will lead to a credit crunch that triggers a recession. … We’ll know if the banking system isn’t as resilient as we think if we see deterioration in the Fed’s weekly H.8 data, showing the assets and liabilities of commercial banks. … So far, we think that the SVB crisis will be contained thanks to the Fed’s emergency liquidity facility. … Dr. Ed reviews “Boston Strangler” (+).
(subscribers’ link)
YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on March 20.
Markets
The Floor Could Still Fall Out of This Stock Market | BR
The U.S. Might Be Losing Its Crown as the Go-To Spot for Global Investment | BR
Preferred Stocks Offer a Better Way to Bet on Banks | BR
A Cash-Bond Mix May Let You Sleep More Soundly | BR
How Options-Hedging Turbocharged Oil Volatility | W
Global & supply chains
Banking Strains, Inflation Threaten Global Economic Rebound | W
What Barbie tells you about near-shoring | E
Central banks
Policymakers face two nightmares: stubborn inflation and market chaos | E
Central banks face an excruciating trade-off | E
The Fed Should Choose Inflation Over Banks. Why a Rate Cut Would Be Bad. | BR
Why The Federal Reserve “Playing Dumb” Is a Genius Move | InvestorPlace
Banks
IMF: Risks to financial stability have increased, calls for vigilance | C
Where Financial Risk Lies, in 12 Charts | W
After the Bank Crisis Clears, Consolidation Looms | BR
How much longer will America’s regional banks hold up? | E
Banking crisis: Deposit drain from small banks into JPM, WFC, C slowed | C
US
Why there may be no return to ‘normal’ for the used vehicle market | C
Most Americans Doubt Their Children Will Be Better Off, WSJ-NORC Poll Finds | W
Work-From-Home Era Ends for Millions of Americans | W
New York Poised to Ban Gas Stoves in New Buildings as Part of All-Electric Mandate | W
The cases against Donald Trump are piling up | E
Trump Suggests New York Indictment Could Bring ‘Potential Death and Destruction’ | W
Banks Might Have Stabilized, But The Biden Contagion Is Still Spreading | I&I
China
The world according to Xi | E
China wants the world to forget about its crimes in Xinjiang | E
Geopolitics & trade
Loophole Allows U.S. Tech Exports to Banned Chinese Firms | W
TikTok Has No Good Options. What It Faces Next. | BR
Banning TikTok in the U.S. Is Easier Said Than Done | W
Why Chinese Apps Are the Favorites of Young Americans | W
Younger Americans are friendlier to China | E
How the EU should respond to American subsidies | E
Behind Adani Deals, an ‘Elusive’ Elder Brother | W
Industries & companies
Defense: Pentagon Woos Silicon Valley to Join Ranks of Arms Makers | W
Energy: Fusion power is coming back into fashion | E
Media: As video games grow, they are eating the media | E
Retail: Retailers Are Growing More Cautious. So Is This Analyst. | BR
Retail: Dollar General’s Record of Overcharging | BR
Retail: Shrinking food stamp benefits challenge retailers | C
