The Morning Market Briefing

Tom and Ben discuss the continued conversations around the Biden administration's release of the final reserves authorized earlier this year. The plans for replenishment are focused on doing so when the price of oil drops to between $67-72/barrel. Interest rates continue to be on the rise. Earnings reporst continue this week, as TSLA is down 5%, LRCX is flat, and IBM is up 3% (to note a few larger...

Ben and Tom discuss the oil announcement to come regarding releases from the SPR as well as the plans to restock the reserves in the future. Earnings reports continue to come in as Netflix announces an addition to subscribers for the first time in 3 quarters. Inflation continues as fears continue to grow regarding a recession. For information on how to join the Zoom calls live each morning at 8:30...

Ben and Tom discuss the White House planning an SPR announcement as Core CPI continues to be elevated. They plan to release another 10-15 million barrels of oil as part of a drawdown announced in the spring. The market has a strong rally as earnings are continuing to be reported this week. Market sentiment overall is low, as cash has hit an all time high in investor porfolios since April of 2001....

Ben and Tom discuss Liz Truss firing of UK Chancellor of the Exchequer, Kwasi Kwarteng. China kicks off its five-year Party Congress with Xi Jingping for an unprecedented 3rd term. Goldman Sachs looks to shift some of their business strategy moving forward, and Meta struggles immensely to make progess regarding the meta-verse. There is a big week of earnings reports coming this week. For informati...

Andrew is joined by Ben and Tom via Texas. Ben and Tom share about the conference they've been attending out in Texas. Kroger confirms their offer to buy Albertson's, and Beyond Meat plans to lay off 20% of their work force. Bank reports are positive, despite the fact that borrowing capital is much more expensive compared to the recent history. For information on how to join the Zoom calls live ea...

Andrew discusses the release of CPI numbers, as the market responded quite negatively in real time to the release. CPI numbers only moved 0.4 overall, but the expectation that overall inflation would be down to 8.1 was met with unfavorable results as it failed, dropping only to 8.2. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/bl...

Narwhal's presentation on the third quarter of 2022. Discussion of the highs, lows, and plans moving forward for the coming quarter and year.

Andrew discusses the market's continued downturn - yesterday had the second lowest closing of the year; 10-year bond closed at the second highest rate of the year. Merck and Moderna announce a joint development on a new cancer drug. PPI released tomorrow morning. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-brie...

Ben, Tom, and Andrew discuss all that transpired last week, Ukraine getting hit hard with Russian attacks, the Bank of England attempting to support the bond market, and a 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

Ben, Tom, and Andrew discuss AMD’s profit warning, Credit Suisse plans to buy back bonds, Biden’s executive order surrounding cannabis, and some important economic data. 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

Tom, Ben, and Andrew discuss ISM services data, OPEC+ agreeing to a cut of 2 million barrels per day, Ford continuing to raise prices on the Lightening, Peloton’s announcement to lay off 500 employees, strong sales results from Costco, and tomorrow’s employment report. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-marke...

Ben discusses ISM Manufacturing results as numbers continue to push downward as news comes out. It appears that central banks appear to be turning the corner, and Fed commentary notes that we "still have a long way to go." The market continues to rally after an abismal past two weeks. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/...

Ben rejoins Andrew and Tom to discuss the U-turn by the UK, the reason for the Fed’s emergency meeting, the reduction plan from OPEC+, some concerns of out TSLA, GOOG, and Credit Suisse, and the continued struggles for Russia in their war against Ukraine. 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 Pl...

Tom and Andrew discuss yesterday’s market rally, some puzzling economic data that is coming in, Germany’s attempt to curb gas prices, a rally out of Bed Bath and Beyond, and some off cycle earnings reports later today from Nike and Micron. 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 disclos...

We kick off today’s show with a declaration from Tom, followed by some discussion around the situation in the UK, the result of hitting 4% on the 10-year US treasury, the leaks in the Nord Stream pipeline, and the overall global tension that is contributing to this choppy market. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/...

Andrew and Tom are back to discuss the previous week and a half of turbulence in the markets. The US Markets continue to be rocky as inflation and uncertain futures have led to heavy speculation of what's to come. The UK Markets seem to be in a difficult position, and it appears that the global economy could be headed towards recession. For information on how to join the Zoom calls live each morni...

Tom and Andrew discuss yesterday morning’s hot CPI print, the equity market’s significantly negative reaction to the data, the Fed’s path as they try and bring inflation down, and what means going forward. 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

Andrew is flying solo this morning to discuss the release of CPI numbers. Overall, CPI is up just a meager 0.1, but this shows that inflation has yet to be "solved" so to speak. The fund-manager survey shows an extremely bearish sentiment moving forward. Cash is at an all time high in investment accounts, while equities are at an all time low. For information on how to join the Zoom calls live eac...

Tom, Andrew, and Ben discuss the upcoming sentiment on the CPI numbers that will be released on Tuesday. Despite union discussions, Union Pacific was upgraded by Bank of America this week, and Apple has seen strong response on preorders of the new iPhone. With CPI and U of Michigan Sentiment numbers releasing this week, things could get dicey. For information on how to join the Zoom calls live eac...

Ben and Tom discuss the weakening USD as the Euro/GBP/Yen rebound a bit. CPI shows a lowered spending, but the main driver of that lowering seems to be gas spending. Healthcare premiums are on the rise, and it appears that those numbers could be increasing in the 20% range over the coming months. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhal...

Tom and Ben discuss the ECB meeting sentiment as the expectation is for them to raise interest rates by 75bps. The Japanese are beginning to grow very concerned about the global state of the Yen. iPhone releases information on their newest iPhone, AirPods, and Apple Watch. Consumer sentiment seems resilient in these uncertain times. For information on how to join the Zoom calls live each morning a...

Tom, Andrew, and Ben discuss economic data coming in from July and August. The global markets continue to shift as increasing mortgage rates cause a bond sell-off, and the Yen continues to be devalued. There is a lot of anticipation around the new release of the iPhone as the announcement comes this week. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://ww...

Andrew, Ben, and Tom discuss energy supply cuts in Europe. There's an ECB meeting planned for Thursday as Liz Truss is announced as new British Prime Minister. Several large companies announce big news - Apple announces new iPhone launch tomorrow, CVS is buying Signify Health, and VW plans to list thier majority stake in Porsche. For information on how to join the Zoom calls live each morning at 8...

Andrew brings on our new PM Harrison Pettigrew. Harrison shares a bit about how he got into investing as well as his journey to coming to Narwhal. The unemployment rate seems to be flat around 3.5%, and average hourly earnings estimates are estimated to go up 5.2% year over year. College football is officially back this weekend. For information on how to join the Zoom calls live each morning at 8:...

Ben and Andrew discuss inital jobless claims for August, which saw estimates drop from 52.8 to 51.9. A large bond sell-off took place at the end of the day, and Nvidia is being ordered to halt sales to China regarding AI chips. More tech layoffs are taking place, and OPEC forecasts a supply deficit for oil next year. For information on how to join the Zoom calls live each morning at 8:30 EST, visi...