The Morning Market Briefing

Andrew and Tom discuss the CPI report showing accelerating inflation, the implications of this data, the move up in 10-year rates, BoA Fund Manager survey results, the Small Business Optimism Survey results, and the Senate’s $95b aid package. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefings Please see disc...

Ben and Tom discuss Diamondback’s purchase of Endeavor to create the largest pure-play operator in the Permian Basin, preview of today’s CPI report, and more earnings and economic data coming in this week. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefings Please see disclosures: https://www.narwhalcapital.c...

Ben and Tom discuss yesterday’s 30-year bond auction, Yellen’s comments at the Senate Banking Committee hearing, earnings results from PEP, and some big economic data coming up next week. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefings Please see disclosures: https://www.narwhalcapital.com/disclosure

Ben and Tom discuss earnings updates on Maersk, Unilever, Arm, and Disney, signs of life in China, and yesterday’s 10-year bond auction. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefings Please see disclosures: https://www.narwhalcapital.com/disclosure

Ben and Tom discuss earnings from CVS, CINF, Chipotle, and SNAP, the streaming sports app deal between Disney/Fox/WB, and takeaways from an evening with Kevin Warsh. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefings Please see disclosures: https://www.narwhalcapital.com/disclosure

Ben and Tom discuss the drone attack in Kuwait, earnings data from Eli Lilly, the Hertz debacle, the massive ISM Services report showing sticky inflation, the SLOOS Report, and the response of the 10-year rate. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefings Please see disclosures: https://www.narwhalcapi...

Ben and Tom discuss earnings from Caterpillar and McDonald’s, a blockbuster jobs report including accelerating average hourly earnings, the impact of these results on the Fed’s decision making, and another busy week ahead. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefings Please see disclosures: https://www...

Andrew and Super-Producer Hicks discuss today’s (and yesterday’s) top stories including Punxsutawney Phil predicting an early spring, the commentary from Wednesday’s slightly hawkish Fed meeting, New York Community Bank’s earnings report which brought the stock down nearly 40% in a day, a strong ISM manufacturing report which could point to inflation reacceleration, earnings from META, AAPL, and A...

Tom and Ben discuss the read for today’s Fed meeting, the Saudi Aramco announcement hurting oil servicers, Walmart stock split, and earnings from tech giants MSFT, GOOG, SWKS, and AMD as well as earnings from other companies including SBUX, CP, CB, MDLZ, NVO, TMO, and BA. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-ma...

Tom and Andrew discuss the JOLTs report coming out at 10:30, the market’s reaction to the announcement that the US is selling fewer treasuries, and earnings from HCA, UPS, GM, and others. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefings Please see disclosures: https://www.narwhalcapital.com/disclosure

Ben, Tom, and Andrew discuss the US servicemen that were killed in Jordan, the upcoming Fed meeting, and a bevy of earnings this week. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefings Please see disclosures: https://www.narwhalcapital.com/disclosure

Tom discusses the PCE data, with core PCE coming in slightly better than expected, yesterday’s ECB meeting, the revenue miss and weak guide from INTC, AXP’s positive results, Visa’s weaker earnings commentary, and LVMH’s surprisingly good start to the year proving luxury goods demand remains high. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwha...

Tom discusses GDP that comes in hot at 3.3%, an uptick in Initial Jobless Claims, Tesla’s slowing sales, NOW’s strong earnings, CSX’s strong execution, and a quality quarter by Southwest Airlines. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefings Please see disclosures: https://www.narwhalcapital.com/disclo...

Ben discusses earnings updates from a number of companies, more negative news from Boeing, and China announces a reserve rate cut. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefings Please see disclosures: https://www.narwhalcapital.com/disclosure

Tom and Ben discuss Japan remaining ultra-dovish, the potential ripple effects of Japan’s future policy changes, a quick dive into the Republican Primary, and earnings reports from RTX, MMM, GD, LMT, and PG showing an economy that is growing, but growing modestly. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-bri...

Tom and Ben discuss Blackrock looking to sell Shanghai Towers at a discount, ADM’s decision to place the CFO on administrative leave, Tesla’s robotics/AI helping support the company, Capital One’s class-action lawsuit, and a wild earnings week. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefings Please see di...

Ben dives deep into earnings from JBHT, the read-through of these earnings on the freight market and the economy as a whole, the massive insurance headwinds facing trucking companies, earnings out of SLB, an update on Spirit Airlines, and a busy earnings week next week. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-mark...

Ben and Tom discuss interest rates, the recent retail sales data, the likelihood of near-term rate cuts, earnings from TSMC, Fastenal, Richemont, Humana, Discover Financial, and a note on the Apple watch. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefings Please see disclosures: https://www.narwhalcapital.co...

Ben discusses the Fed talk that was taken very hawkish by the market, economic data out of China, and the Spirit Airline & Jet Blue deal that is falling apart. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefings Please see disclosures: https://www.narwhalcapital.com/disclosure

Tom, Ben, and Andrew discuss more tension in the Red Sea as American ships have been deemed fair game by terrorists, oil unaffected by the conflict, Zelensky’s “peace talks” in Switzerland, Fed officials meeting to discuss slowing QT, Apple to remove blood oximeter, and earnings from Goldman Sachs. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwh...

Tom and Andrew discuss the US and UK’s retaliation in response to terrorist attacks on Red Sea ships, PPI data leads to more confusion in the inflation picture, movement in the private credit market, earnings from JPM, and some speculation on the Alabama coaching vacancy. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-ma...

Tom and Ben discuss the Hertz decision to reduce their EV fleet by 1/3, the CPI data that shows an inflationary uptick, and a quick plug for our February 1st macro. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefings Please see disclosures: https://www.narwhalcapital.com/disclosure

Ben, Tom, and Andrew discuss the SEC’s flub surrounding Bitcoin approval, the Boeing fallout, and Howard Marks. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefings Please see disclosures: https://www.narwhalcapital.com/disclosure

Ben, Tom, and Andrew discuss last night’s game, the Small business Optimism Index, HPE looking to acquire Juniper Networks, Microchip cuts guidance, NVDA & AMD announcing an AI-powered PC, and the state of retail from the ICR Conference. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefings Please see discl...

Ben, Tom, and Andrew discuss more troubles for the Boeing 737 Max, the impact that this week’s CPI report could have, earnings season picking up, and a breakdown of the big one as Ben’s beloved Washington Huskies play for a national championship. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefings Please see...