July 11 (Tuesday)

Latest Morning Briefing Executive Summary: Stay Home Or Go Global?
Global stock markets have climbed a wall of worry impressively this year despite all the global headwinds—including lackluster GDP growth, high inflation, and the tightening of many central banks’ monetary policies—as well as regional headwinds in Europe and China. The markets’ resilience may reflect investors’ relief that worst-case scenarios didn’t pan out. … Japan’s stock market is a case in point. It’s been soaring despite investors’ uncertainty over the BOJ’s next move. Will this holdout among central banks at long last lift its ultra-easy monetary policy and adjust its yield curve control program accordingly?
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on July 10.

Markets
Major Stock Indexes Rise Despite Declines in Tech Shares | W
Five Ways the Bull Market Makes Investors Nervous | W
Column: Oil investors less bearish after Saudi output cut extended | R

Central banks
Fed plans to boost US banks’ reserve requirements; industry gripes | R
Higher Interest Rates Are Needed to Reach 2% Inflation Goal, Fed Officials Say | B

US
Home prices hit new highs, driven by tighter supply | C
Wave of Rental Resets to Further Deplete Affordable Housing | W
As Goes Long Island, So Goes America’s Housing Crisis | B
Chocolate Buying to Hit $26 Billion This Year Despite Higher Prices, Low Volume | B
Americans spend $91 on Amazon monthly: These 10 states spend the most | C

China
Deflation Looms in China as Rebound Loses Steam | W
In China, the Era of Western Carmakers Is Over | W

Geopolitics & trade
Europe’s Defense Dilemma: To Buy, or Not to Buy American | W
EU Approves Data-Transfer Deal With U.S., Averting Potential Halt in Flows | W
Turkey gives green light to Swedish NATO membership bid | R
Janet Yellen’s Trip to China: 3 Takeaways | N

Industries & companies
Banks: America’s Biggest Banks Are Going to Need More Capital | W
Banks: American banks face more pain, huge shift | C
Media: Meta’s Twitter rival Threads surges to 100 million users faster than ChatGPT | R
Media: AMC has sold 20,000 ‘Barbie’ and ‘Oppenheimer’ double feature tickets | C
Restaurants: Cava Stock Compared to Chipotle (CMG) by Bullish Analysts | B
Theme Parks: Disney World Crowds Get Surprisingly Thin This Summer | W
Wireless: Selling Your Cellphone Location Data Might Soon Be Banned in U.S. for First Time | W

Technology
To Drive AI, Chip Makers Stack ‘Chiplets’ Like Lego Blocks | W