September 20 (Wednesday)
Latest Morning Briefing Executive Summary: What’s Up With Earnings?
Today, we examine the flight paths of S&P 500 companies’ revenues, earnings, and profit margins through Q2’s earnings season. … Forward revenues per share rose to a record high the week before last, and analysts project revenues growth more than doubling next year to nearly 5%. … Forward earnings rose to a record high last week; it does a good job of predicting the earnings outlook during economic expansions. … The forward profit margin has edged up since bottoming in March, after dropping from last year’s record high. … All things considered, we’re sticking with our upbeat earnings forecasts and S&P 500 price targets for now.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on September 17.
Markets
Is This The Beginning of the Bursting of the BBB Bubble? | B
Gas Prices Have Crept Higher This Summer, a Challenge for the Fed | N
Wall Street Regulator Wants to See ESG Funds Deliver on Investments | B
The Yuan and Yen Need the Fed’s Help. They Might Not Get It. | W
U.S. Treasury yields: investors look to Fed interest rate decision | C
Central banks
FOMC September 2023: Fed to Pause Interest Rate Hikes for Second Time This Year | B
Fed projections to show if ‘soft landing’ is new baseline … or baseless | R
Take Fed forecast with a grain of salt. It has a terrible track record | C
Fed interest rate moves affected by government shutdown | C
US
Weekly mortgage demand rises, driven by a strange surge in refinancing | C
America’s Biggest Landlords Can’t Find Houses to Buy Either | W
American Labor’s Real Problem: It Isn’t Productive Enough | W
A good old government shutdown is exactly what we need right now | The Hill
Nearly Half of Young Adults Are Living Back Home With Parents | B
Geopolitics & trade
German Industry Defies Rising Pressure to Limit China Exposure | W
Industries & companies
Autos: Auto union worker strike reveals Joe Biden inflation hypocrisy | P
Autos: UAW Strikes Mercedes Parts Plant While Union Eyes More Targets | B
Consumer: General Mills’ Earnings Show Inflation, Supply-Chain Issues Easing | W
Grocery stores: Publix, Florida’s favorite grocery store, explained | Vox
Retail: US Retail Workers Are Quitting Facing Low Pay, Crime, Long Hours | B
Retail: Dollar General Employees Say It’s a Terrible Place to Work | B
Artificial Intelligence & Technology
AI Accelerates Ability to Program Biology Like Software | W
Google DeepMind’s AI Tool Could Pinpoint Our Genetic Faults | B
Elon Musk’s Neuralink is recruiting patients for its first human trial | C
Beyond markets
The Billionaire Keeping TikTok on Phones in the U.S. | W
