wiar 08-13-22

MFwebsite2020researchWhat I Am Reading

August  13 (Saturday)

Latest Morning Briefing Executive Summary: Health Care, Earnings & Uncle Sam
Today, Jackie takes the pulse of the S&P 500 Health Care sector, examining the M&A activity that has spurred it to outperform the market ytd and what the Inflation Reduction Act will mean for drug makers. … Also: A look at the 2023 earnings growth prospects of various S&P 500 sectors and industries. … And: How the Inflation Reduction Act aims to buy a greener US. … Plus: What will the newly passed CHIPS and Science Act spend $280 billion on? Lots more than chips.
(subscribers’ link)

Daily Markets Overview
Replay of Dr. Ed’s webinar on August 8.

Dow closes up 400 points, S&P 500 rises for fourth straight week as investors warm to cooler inflation | C
Have Stocks Bottomed? | Morningstar
Japanese Yen Attracts Hedge Funds as a Speculator’s Currency | W

Central banks
Fed’s Barkin says rate increases need to continue until inflation holds at 2% | C

Global Population Is About to Hit 8 Billion—and Some Argue It Is Near Its Peak | W

US Politics–breaking news
Trump’s Mar-a-Lago, a security ‘nightmare’ that housed classified documents | R
FBI Recovered 11 Sets of Classified Documents in Trump Search, Inventory Shows | W
Trump search warrant cites statutes that call for prison sentences | C

This was a good week for inflation numbers, but whether it can last is the big question | C
Best Way to Measure Inflation Rates? The Mysterious Price of Mayonnaise | B
Inflation Reduction Act’s Needless Health-Care Provisions | city-journal.org
Can I Buy a House? Market is Cooling Off With Fewer Bidding Wars Across US | B
U.S. Housing Affordability in June Was the Worst Since 1989 | W
U.S. Schools Put Covid-19 Safety Measures in Rearview, Dividing Some Parents | W

Geopolitics & trade
Ukraine Readies Plans to Evacuate Civilians Amid Fighting Near Nuclear Plant | W
China’s Xi Jinping Plans to Meet With Biden in First Foreign Trip in Nearly Three Years | W

Industries & companies
Airlines: U.S. allows Delta to temporarily cut some New York, Washington flights | R
Airlines: Even airline employees are having trouble finding a seat home from Europe this summer | C
Fitness: Peloton slashing 780 jobs, closing stores and hiking prices in push to turn profit | C

China’s Computer Chips Are Down | W

Beyond markets
Monkeypox Virus: WHO Asks Public to Submit New Name Ideas in Online Portal | B