November 8 (Wednesday)
Latest Morning Briefing Executive Summary: Captain America
The US economy has remained remarkably strong in the face of the Fed’s attempts to tame inflation at the economy’s expense. So far, so good: Inflation has been moderating nicely but not bringing the economy down with it. Today, we review the major reasons for the US economy’s resilience. … In contrast, the global economy is weak as evidenced by the plunge in oil prices. Record US oil production has helped to lower oil prices from their September peak. … And: Joe looks at analysts’ estimate revisions activity in the wake of a strong Q3. Despite that strength, Q4 estimates are dropping at rates faster than usual.
(subscribers’ link)
YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on November 6.
Markets
Market timing doesn’t work: S&P 500 14% rally explained by just 8 days | C
October suddenly looks like a bad bond dream | R
Hoisington’s Hunt Says the Bond Rally Is Just Getting Started | B
UBS resumes selling the bonds at the heart of Credit Suisse controversy | C
Oil Declines Again as Demand Outlook Flashes Bearish Signs
Gold dips as Powell speech takes centre stage; palladium hits 5-yr low | R
Central banks
Why the Fed Shouldn’t Get Credit for the Fall in Inflation | W
US
Right Now Is a Bad Time to Spend Money | W
US 30-Year Mortgage Rate Tumbles by Most in More Than a Year | B
Mortgage rates plunge and demand finally inches back | C
Hot Desking Is Next Risk to Office Property Market, Morgan Stanley Says | B
Want a four-day workweek? You’re not alone | NN
Europe
Europe’s record gas stocks start to pressure prices | R
China
China Is Becoming a Problem for Investors | W
Exclusive: China authorities ask Ping An to take controlling stake in Country Garden | R
Geopolitics & trade
Israel Says Its Forces Have Entered ‘Heart’ of Gaza City Amid War With Hamas | B
Israeli-Palestinian Conflict History: The Roots of the Israel-Hamas War | B
China and Russia Claim Moral High Ground Over Palestinian Deaths | W
Global Electric Car (EV) Market to Reshape Economies, Political Alliances | B
Industries & companies
Airlines: American Airlines Dangles $250,000 Bonuses to Poach FedEx and UPS Pilots | W
Health Care: Amazon to Offer Lower-Cost Primary Care to Prime Members in Latest Healthcare Push | W
Pharma: Bayer weighs break-up options as management job cuts loom | R
Railroads: Delays in Acela Upgrade Have Cost Amtrak $140 Million…and Counting | W
Artificial Intelligence
Opinion | In Regulating A.I., the Government May Be Doing Too Much. And Too Little. | N
