The Morning Market Briefing

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...

Andrew and Ben discuss the improvement of economic data coming forth. Snapchat continues its downtrend with another 7% decerease in stock prices as layoffs in the tech industry continue. Europen inflation continues to grow outside of skyrocketing energy prices. Major stock sectors hurting appear to be technology and discretionary spending. For information on how to join the Zoom calls live each mo...

Tom brings on a special guest, one of our interns for the semester - Sagaar Mehta. They discuss the new European energy "plan," the upcoming ECB meeting next week, and First Solar's plan to spend over $1 billion to expand US production. 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 disclosure...

Andrew, Ben, and Tom discuss what took place at the FED's meeting in Jackson Hole. Primarily, sentiment is hawkish following the conference with an interest to continue raising interest rates in order to "finish the job" of rightening the economy. The market seems bearish, and there has been a significant downturn in airline traffic. This week should be interesting. For information on how to join...

Ben and Tom discuss the sentiment of the market heading into the FED meeting and Jay Powell's comments in Jackson Hole. USA Today published an article about Amazon being interested in purhasing Electronic Arts, but the source and story seem far fetched. They finish by following up on whether the Student Debt Forgiveness plan will actually take place and materialize. For information on how to join...

Tom and Ben have special guest Melissa Visbal, Narwhal's Financial Planner, on for the call this morning. They discuss earnings reports for several companies, including Nvidia. They also discuss the state of Peloton as they reported a partnership with Amazon yesterday that saw Peloton stock jump 20% - this was wiped away pre-market, however, as the partnership is now under question. The call mostl...

Ben, Tom, and Andrew discuss yesterday's dip in the market as sell offs seem to be correcting an overzealous upswing from last week. Chinese and the European markets continue to struggle, and we continue to watch as the Euro falls below the dollar. Hedge funds appear to be hawkish on the FED's meeting in Jackson Hole, and interest rates rise again, with mortgage rates nearing 6% once again. For in...

Andrew, Ben, and Tom discuss the drop in the market at the end of the last week and what appears to be a down day again today. Berkshire Hathway purchases more oil shares, Amazon plans to buy Signify Health, and Tesla's stock split at 3:1 happens Thursday. We look to forward to the "Superbowl" of the FED taking place at the end of this week in Jackson Hole. For information on how to join the Zoom...

Andrew, Ben, and Tom discuss the crypto and meme stock heavy losses over the past 24 hours. Bed, Bath, and Beyond is down over 40% in the past day, and BTC has taken nearly a 10% loss overnight. FED meetings are upcoming, and we'll anxiously await their plans for rate hikes. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily...

Andrew and Ben discuss the FED's dovish commentary surrounding the state of the market. Cisco reports strong earnings, and they show very limited signs of weakening during the current recession. Kohl's reports abismal earnings reports, and they seem to potentially be floundering. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/...

Andrew, Ben, and Tom discuss the change in China's interest rates, as they are cutting rates amidst their economic struggles. Energy prices and issues in Europe continue to be a source of difficulty. Putin issues a statement to North Korea further strengthening the alliance between the two in some capacity. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://...

Ben and Tom discuss the release of PPI numbers, as they came in lower than expected, a welcomed positive sign potentially. Inflation numbers appear to be moving in the right direction, and the guys discuss how a continued agressive approach could lead to more positive signs of deflation. They finish the episode discussing Disney's highly optimistic earnings' reports. For information on how to join...

Tom, Andrew, and Ben discuss the CPI numbers as they were released for Q2 of 2022. For the first time in two years, inflation did not increase at the CPI print for Q2 was 0.0. The UK preps for a potential four day power outage in January due to possible energy shortages. Microsoft is the latest big tech firm to start cutting costs, including layoffs. For information on how to join the Zoom calls l...

Tom and Ben discuss guidance cuts from Nvidia and Micron as chip manufacturers have experienced some turbulance. China's military demonstrations with Taiwan continue to be a source of interest as any military conflict could have large consequences for the global economy. CPI numbers are released tomorrow which will also indicate whether inflation will ever start to finally slow. For information on...

Andrew, Ben, and Tom discuss a significant number of mergers - CVS acquires Signify, UPS acquires Bomi, Atlas aquires Apollo, Pfizer acquires Global Blood Therapeutics, and Whirlpool acquires InSinkErator. China continues to military demonstration around Taiwan, and the Senate have approved the Inflation Reduction Act which now moves to the House. CPI numbers come out later this week, and the FED...

Ben, Andrew, and Tom discuss China’s response to Speaker Pelosi’s trip to Taiwan, some new details of the Inflation Reduction Act, the readthrough from a huge beat in the Nonfarm Payrolls data and what influence that could have on the Fed moving forward, as well as a hugely important CPI print coming up next week. For information on how to join the Zoom calls live each morning at 8:30 EST, visit h...

Ben, Andrew, and Tom discuss the ISM Services data that was better than expected, impending recessions and high inflation commentary out of the Bank of England following their 50bp hike, weak earnings out of BKNG, QRVO, CLX, as well as some fear of margin compression after a sales data report out of COST. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://ww...

Ben, Andrew, and Tom discuss speaker Pelosi’s controversial trip to Taiwan, OPEC+ pledging to increase oil production by 100k barrels/day (the smallest increase in OPEC+ history), a relatively uneventful JOLTS job report, Jim Bullard’s (St. Louis fed president) comments on CNBC, Robinhood laying off 23% of its work force, and earnings results out of PYPL, MCHP, AMD, and SBUX. For information on ho...

Ben, Andrew, and Tom discuss Nancy Pelosi’s trip to Taiwan, a few positive reads from the ISM manufacturing report, the outlook for the JOLTS job openings report, earnings out of CAT and Uber, and Andrew’s shift back to the old-fashioned taxicab. 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...

Ben and Tom discuss the market’s reaction to commentary out of the Fed, whether or not that reaction is warranted, responses from Fed officials to the situation, and another busy week that includes manufacturing and service report data, job openings prints, and an OPEC+ meeting. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/d...

Ben and Tom provide a deep dive into the robust earnings out of Apple and Amazon, dissapointing results from Roku and Intel, and the four most important takeaways from yesterday's GDP report. 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 more earnings reports as well as the big announcement on GDP. GDP reporting was -0.9%, which would technically indicate a recession, something that the guys have been discussing for quite some time now. There are continued efforts to reduce inflation as the larger market sentiment is catching up to understanding things are going poorly. For information on how to join t...

Ben, Tom, and Andrew discuss big earnings reports from Google, Microsoft, and Visa. Elliot Management is building a stake in Paypal, which is a stark contrast from Meta's announcement of brutal, harsh cost cuts. Biden to have a call with China's president Xi for the first time since March. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital...

Ben, Tom, and Andrew discuss Janet Yellen's comments that she "sees no recession." Earnings reports are still coming in, and the impact of those reports will likely shift markets for the coming months. FED meeting is coming up Wednesday, and we're expecting a 75bp rate hike. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily...

Ben and Tom discuss Europe's economic data trending towards recession. Bonds are in, and people are loving them. Earnings reports are hitting some companies heavily, AT&T down almost 8%, FedEx is suspending Sunday deliveries, and consumer facing tech appears to be in a difficult season. Advertising heavy companies are also seeing big dips as META and Google are down 5% and 2% respectively, with SN...