June 30 (Friday)
Latest Morning Briefing Executive Summary: Brokers, Earnings & Green Steel
Is capital markets activity finally picking up? In Jefferies Financial’s recent earnings call, Jackie found reasons to suspect so, including a 16% q/q surge in advisory and underwriting business. Moreover, the IPO market appears to be reviving, and analysts see good earnings growth next year for the S&P 500 Investment Banking & Brokerage industry. … Also: A look at which S&P 500 sectors and industries analysts expect to grow earnings the most and least this year and next. Notably, the Consumer Discretionary and Communication Services sectors top the list for both years. … And: Companies stepping up to the challenge and opportunities of producing green steel.
(subscribers’ link)
YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on June 20
Markets
Markets’ Monster 2023 Rally Defied All Expectations | W
Most investors believe we are in a new bull market and there will be no recession in 2023 | C
Wall St rallies as Apple hits record high, inflation cools | R
Treasury Yields Resume Climb as Investors Bet on Growth | W
Apple’s Market Cap Touches $3 Trillion | W
Central banks
A rebellion at the Federal Reserve — can it avoid the next bank collapse? | The Hill
US
U.S. Economy Shows Surprising Vigor in First Half of 2023 | W
Consumer Spending Streak Extended in May, Inflation Cooled | W
PCE inflation May 2023: Key Fed measure shows prices rose just 0.3% in May | C
House hunting is about to get harder | C
Supreme Court strikes down Biden’s student loan forgiveness plan | C
China
China’s Economy Shows New Signs of Weakness | W
Geopolitics & trade
New Chinese Law Raises Risks for American Firms in China, U.S. Officials Say | W
French Riots Escalate as Macron Struggles to Respond | W
Industries & companies
Airlines: Delayed or canceled flights? Get ready for a bumpy summer travel season. | Vox
Energy: Shell’s renewables boss to leave after CEO strategy shift | R
Financials: SVB Depositors Who Lost Their Money Win Court Victory | W
Pharma: Stop taking Ozempic, Wegovy before surgery: Doctors | C
Real Estate: How Scared Should You Be About Commercial Real Estate? | W
Tech: Big Tech’s Battle Royale Is Coming. The Winner? You. | W
Technology
AI Law Draws Pushback From Big Brands in Europe | W
Climate
Climate nears point of no return as land, sea temperatures break records, experts say | R
