November 1 (Wednesday)
Latest Morning Briefing Executive Summary: Other Central Bankers & The MegaCap-8, Again
Today, Melissa reviews how monetary policies are being conducted outside the US. Japan’s BOJ has given itself more latitude in policy decisions, retracting a commitment to retain its long-standing ultra-easy stance and widening its target interest-rate range. … China’s PBOC and central government have been working to stimulate its economy by numerous means. … Europe’s ECB finally paused its rate-hiking recently after a 10-hike streak and trimmed its balance-sheet assets; no more rate hikes or reductions are likely for a while. … Also: Joe updates data on the MegaCap-8 stocks’ growing share of the S&P 500.
(subscribers’ link)
YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on October 30.
Markets
Wall St holds gains as Fed keeps rates steady | R
Wavering ‘Magnificent Seven’ draw bargain-hunters amid U.S. stock sell-off | R
Why Investors Are Trading US Treasury Bonds, Spiking Volatility in Market | B
Central banks
Fed keeps rates unchanged, acknowledges economy is ‘strong’ | R
Fed Holds Rates Steady but Keeps Door Open to Another Hike | W
Fed meeting: Here’s what changed in the new statement | C
5 Key Takeaways From Fed November 2023 Decision | B
US
The Economy Is Great. Why Are Americans in Such a Rotten Mood? | W
Treasury details plans to step up size of bond sales to manage growing debt load and higher rates | C
US Inflation Debt Sales Rise to Keep Pace With Treasury Market | B
US job openings stay elevated, layoffs hit nine-month low | R
US Job Openings Unexpectedly Rise a Second Month to 9.6 Million | B
China
Beware a Chinese Fall Stall | W
Industries & companies
Autos: Toyota Gives Most U.S. Auto-Factory Workers 9% Pay Bump Following UAW Gains in Detroit | W
Real Estate: How to Buy Real Estate: Creative Ways to Invest in Property Amid High Prices | B
Tech: After a Boom and Bust, the Chip Industry Is Regaining Its Health | W
Artificial Intelligence
‘Take Science Fiction Seriously’: World Leaders Sound Alarm on AI | W
