August 07 (Monday)
Latest Morning Briefing Executive Summary: Guess What?
This is ironic: Just when the most widely anticipated recession of all times is no longer widely anticipated, July’s employment report suggests that the Index of Coincident Economic Indicators is weakening. … With the consensus now elbow-to-elbow with us in the no-recession camp, our contrarian instincts are on full alert. The alternative scenarios of two prominent financial market prognosticators may give investors pause and keep the stock market treading water through September. … Also: Friday’s employment report does support a scenario of gradually moderating inflation, notwithstanding some observers’ views to the contrary. … And: Dr. Ed reviews “The Beanie Bubble” (+ + +).
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on July 31.
Markets
Recession Worries Have Investors Buying Treasuries, Doubting Stocks | B
The Stock Market’s Rally Paused. It’s Time to Buy the Dip. | BR
China Bonds Are Winners With More Government Support, Invesco Says | B
Oil prices rise after Saudi, Russia cuts and Russian oil export hub attack | C
Central banks
The Fed Can’t Keep Everyone Happy | BR
Investors Bet That High Rates Will Linger | W
US
Next job-market challenge: the Great Unresignation | R
Need to Hire Workers in a Hot Job Market? Let Them Do Some Remote Work | W
Is the Economy Headed for a Soft Landing? It’s Too Early to Say We’ve Avoided a Recession | BR
US Ratings Downgrade Raises Government Shutdown Threat | B
The Risks Hidden in Public Pension Funds | N
Inflation Will Weigh on Back-to-School Shopping: Forecasts | BR
Asia
China or India? How to Invest in the Coming Asia Boom | B
The Era of Ultracheap Stuff Is Under Threat | W
Industries & companies
Autos: America’s Most Tech-Forward City Has Doubts About Self-Driving Cars | W
Energy: Big Oil’s Talent Crisis: High Salaries Are No Longer Enough | W
Financials: Property Loans Are So Unappealing That Banks Want to Dump Them | B
Media: ‘Barbie’ to top $1 billion at the global box office Sunday | C
Retail: Buy Walmart Stock. It’s Quietly Growing Into a Retail Tech Titan. | BR
Tech: How U.S. microchips are fueling Russia’s military — despite sanctions | C
Corporate finance
Siemens Energy books $2.4 billion wind turbine hit in Q3 2023 results | C
SharkNinja NYSE debut shows challenges for China-dependent companies | C
Trucking firm Yellow files for bankruptcy protection after loading up on debt | C
Climate
Zero-Emission EVs Are a Myth. Why Teslas Aren’t Really ‘Clean.’ | BR
Technology
Will AI be an economic blessing or curse? History offers clues | R
Beyond markets
‘Inflation’ Reality Can Be Found In Adam Smith, Not ‘Fiscal Theory’ | FO
