April 13 (Thursday)
Latest Morning Briefing Executive Summary: Materials, Earnings & Bricks
Banking-crisis-stoked recession fears knocked the S&P 500 Materials sector off its top-performing perch; now with those fears allayed, it’s been rebounding. Jackie examines the earnings prospects of two Materials industries, steel and copper, and the economic prospects of their biggest consumer, China. … Also: While analysts have lowered their earnings sights for S&P 500 companies collectively in recent weeks, forward earnings have risen for more S&P 500 industries than have fallen. The outlooks for travel and commodities related industries have improved the most. … And: A promising new energy storage solution comes from improbably low-tech sources that have been right under our feet: bricks and stones.
(subscribers’ link)
YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on April 10.
Stocks
Stocks Close Lower After Fed Minutes | W
Shorter-Term Bonds Gain After Data Showing Cooler Inflation | W
The 10 Best Dividend Stocks | Morningstar
Global
U.S., China to Lead Growth in Government Debts | W
Central banks
Fed Keeps May Interest-Rate Increase on Table Despite Expected Recession | W
Fed expects banking crisis to cause a recession this year, minutes show | C
US
Here’s the inflation breakdown for March 2023 — in one chart | C
Inflation Eases to 5% In March, Lowest in Nearly Two Years | W
US consumer prices rise moderately; underlying inflation too hot | R
New vehicle prices fall below sticker price after nearly two years, Kelley Blue Book data shows | R
A New Way to Push People Back to Offices: Tying Pay to Attendance | W
Industries & companies
Financials: For Regional Banks, Surviving Won’t Be the Same as Thriving | W
Retail: Online Shopping’s Fast-Delivery Race Is Slowing Down | W
Geopolitics & Trade
North Korea fires missile, Japan retracts take-cover warning | R
Germany foreign minister embarks on post-Macron ‘damage control’ in China trip | R
Technology
ChatGPT Can Give Great Answers. But Only If You Know How to Ask the Right Question. | W
ChatGPT may be able to predict stock movements: finance professor | C
‘Overemployed’ Hustlers Exploit ChatGPT To Take On Even More Full-Time Jobs | vice.com
Beyond markets
Elon Musk BBC interview: Twitter boss on layoffs, misinfo and sleeping in the office | BBC News
