October 25 (Wednesday)
Latest Morning Briefing Executive Summary: Earnings Here & There
The global economy is still growing despite geopolitical and monetary policy headwinds, though the pace of growth is slow, which October’s global PMI data confirm. … Looking at stock market data globally, we find strong forward revenues, earnings, and profit margin data for the All Country World MSCI, mostly attributable to the US MSCI; the data for Emerging Markets MSCI aren’t as strong. … In the US, record-high weekly forward revenues and forward earnings suggest the same for Q3’s results. … Also: Joe reports that analysts’ estimate revisions reflect equal numbers of rising and falling estimates.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on October 23.
Markets
Your ‘Set It and Forget It’ 401(k) Made You Rich. No More. | W
How the Highest Bond Yields in 16 Years Could Chill the Hot U.S. Economy | W
‘Tipping point’ in bond shock? | R
Analysis: China holds the key to Hong Kong’s shrinking stock market | R
Central banks
Strongest US Economic Growth Since 2021 Puts Fed in Tough Spot | B
What Can the Fed Do About the Deficit? Nothing | W
Jamie Dimon rips central banks for being ‘100% dead wrong’ on economic forecasts | C
Jim Cramer says hold out on buying until next interest rate hike | C
US
New Normal or No Normal? How Economists Got It Wrong for 3 Years. | N
Beef prices are at record highs, and your steak is becoming pricier | C
How Did Biden Manage To Lose $300 Billion? | Issues & Insights
The Economic Forces Pushing Both Parents to Work | City Journal
China
China’s new bonds to help economic recovery, official says, as budget deficit rises | R
Exclusive: China’s cabinet curbs debt growth in 12 “high risk” regions – sources | R
China Signals No Tolerance for Sharp Slowdown With Rare Aid | B
Geopolitics & trade
Hamas: US Presses Gulf Allies To Help Stem Group’s Fundraising | B
Israel-Hamas war: Economists fear disruption if conflict not contained | C
Israel-Hamas: IMF’s Georgieva Says Mideast War Brings More Jitters: FII Update | B
Weapons Flood Israel’s West Bank, Fueling Fears of New War Front | W
Industries & companies
Autos: UAW Calls Strike on One of GM’s Largest and Most-Profitable Factories | W
Autos: Honda, GM scrap plan to co-develop cheaper EVs | R
Energy: Exxon, Chevron Look to the West in an Increasingly Uncertain World | W
