April 14 (Friday)
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.
Markets
Nasdaq Jumps 2% After Signs of Easing Inflation | W
Jeremy Grantham can spot market bubbles. Now he’s warning of an ‘ominous’ bust | NN
Gold Prices Near Record as Investors Bet Inflation Is Here to Stay | W
Central banks
Why Ron DeSantis Is Taking Aim at the Federal Reserve | N
US
U.S. producer prices unexpectedly fall in March | R
US labor market gradually losing steam; producer inflation cooling | R
On Inflation, the Price Is Still Wrong | W
The Primary Breadwinner Is Disappearing From More Homes | W
More women out-earn their husbands, but still do more work at home | C
Japan
Warren Buffett’s trip is a ‘stamp of approval’ for investing in Japan | C
Geopolitics & trade
North Korea says tested new solid-fuel ICBM, warns of ‘extreme’ horror | R
Air Guardsman Jack Teixeira Arrested in Connection With Leaked Documents | W
Industries & companies
Autos: Biden’s EPA Remakes the Auto Industry | W
Retail: Walmart sells Bonobos to WHP Global and Express | C
Technology
Artificial Intelligence Can’t Close Sales As Well As a Human | W
AWS launches Bedrock generative AI service, Titan LLMs | C
Amazon Joins Microsoft, Google in AI Race Spurred by ChatGPT | W
Crypto
The U.S. Cracked a $3.4 Billion Crypto Heist—and Bitcoin’s Anonymity | W
