The Morning Market Briefing

Tom and Ben discuss Russia's restarting of the Nord 1 pipeline, which restored a large percentage of gas flow, as they also set annexation talks with Russian-seized lands in Ukraine. ECB and BOJ initial jobless claims have been reported for the quarter. Earnings' season continues. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog...

Andrew and Ben discuss the current economic situation in Europe as things continue to be difficult. Russia states they will honor their gas commitments, which could be a lifeline for already soaring prices. Earnings season is upon us, as the guys discuss release of several big company's earnings. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhal...

Ben and Tom discuss European countires easing sanctions on Russian banks in order to allow food trade to continue into African countries. The French government moves to nationalize energy as they are purchasing the outstanding 16% of the EDF. Bank of America releases feedback from Fund Managers Survey that reports most consumers in America are feeling pessimistic about the market as a whole. For i...

Ben and Tom discuss the Jobs Reporting, posing the idea that numbers may be overstated as a result of double reporting in some instances. Alphabet (Google) is conducting a stock split of 20:1, which could entice smaller investors at a much more attractive price for smaller portfolios. The call finishes discussing a potential hopefulness regarding the Euro and EU stocks as gas supplies may take a t...

Ben, Tom, and Andrew discuss Q2 of 2022. They cover the market trends, shifts, and movement over the past 3 months. 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 and Ben continue the discussion on how the FED should respond to the inflation issue. Markets were hit heavily by the CPI numbers from yesterday, and that fallout continues as JP Morgan earnings reports were lower than expected. The episode is concentrated around what creative solutions may exist as the inflation issue continues to rage on. For information on how to join the Zoom calls live ea...

Andrew and Tom discuss the latest CPI numbers, as inflation continues to rise, and they consider what options the FED and Biden Administration have to combat the continued rise. Google annouces plans for layoffs, alongside several other large companies. Biden begins a tour of the Middle East, beginning with a visit to Israel. For information on how to join the Zoom calls live each morning at 8:30...

Ben, Tom, and Andrew discuss the breakdown of Elon Musk's deal with Twitter as it appears Musk is terminating from his end. In other news, frieght prices are falling alongside cruise prices, while car reposessions are starting to move higher. No call tomorrow as we're prepping for our Q2 Macro Presentation. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://...

The boys are back to discuss the resignation of Boris Johnson, China’s consideration of a $220b stimulus package, Merck’s talks to buy Seagen for $40b, strong revenue from Samsung, and the full slate of economic data that was printed yesterday. 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 discusses the pressure that continues to mount against Boris Johnson, the massive moves in the Euro and British Pound, a commodity crash in the US, job growth numbers, another yield curve inversion, and more economic data set to come out later today. 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 Ple...

Ben discusses concerning economic data, the shift from stagflation to full blown recession, troubling signs in Europe, Biden’s potential plan to ease Chinese tariffs, and Jay Powell’s comments showing the Fed’s desire to squash inflation at all costs. 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...

Ben discusses equity and fixed income performance through the first 2 quarters, Eurozone CPI reports, gas rationing in Germany, Kohl’s failed attempt to sell the company, earnings out of Constellation Brands, harrowing words on the economic outlook from Meta CEO Mark Zuckerberg, and a weaker consumer leading to semiconductor inventory build ups. For information on how to join the Zoom calls live e...

Ben, Andrew, and Tom discuss jobs data in the US and Europe, the OPEC+ meeting, another guidance cut from Restoration Hardware, and a slight beat out of Constellation Brands. 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 and Tom discuss the ramifications of the disastrous earnings out of Bed Bath and Beyond, the reversal of some of last week’s positive trends, high costs hitting McCormick’s and General Mills’ earnings, and the NATO build up. 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, Ben, and Tom discuss weak earnings out of Nike, a bad 5-year bond auction, mutual funds and ETFs beginning to focus more on municipal bonds, and the expectations for the upcoming earnings season. 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 and Tom discuss the highpoints from the G-7 meeting, the state of inflation, whether or not we have seen the bottom in the market, and some last meaningful earnings as we move into quarter end. Also, a shout out to our producer, Logan Johnson, for getting married this weekend. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog...

Andrew and Ben discuss the factors that led to the first up week in equity markets in nearly a month, why these factors don’t necessarily spell good news for the underlying economy, earnings out of FedEx, and the markets response to these earnings which could reveal a shift in market sentiment. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalca...

Ben and Andrew discuss the estimated jobless claims as the economy continues to trend towards recession. The also discuss Powell's comments at length regarding his sentiment and understanding of what needs to happen to right the ship of the economy. The episode also discusses Zuckerberg's interview last night on Mad Money and natural gas shortages in Germany and other European countries. For infor...

Ben and Andrew discuss the Biden Adminstration's plan to create a "gas tax" holiday. The affects of the potential gas tax include issues with already existing oil industry relations as well as an uphill battle within Congress to get passed. They also discuss the upcoming Powell testimony, municipal funds trading at discounts, continued layoffs in Silicon Valley, and the issues in Kaliningrad as NA...

Andrew and Ben discuss the current market sentiment on inflation and the "probability" of recession. Goldman speculates that chances of recession are increasing, and Bullard comments on inflation and the Fed's credibility moving forward with handling it. The episode also discusses Biden's comments on student debt forgiveness and a gas tax holiday. They finish with a conversation of Lennar earnings...

Ben and Andrew discuss the continued downturn in the market, including jobless claims and the FED's 75 point rate hike. The market continues to slide in Europe as the Swiss National Bank increase rates for the first time in 15 years although their interest rates are still negative. Nothing new in terms of sentiment to what's going on across the global economy, so Andrew and Ben discuss further. Fo...

Ben and Andrew discuss the most recent economic data and its impact, the growing momentum in layoff announcements, Biden’s letter to petroleum refining companies, the news out of central banks around the world and the potential cracks in the Bank of Japan, and the upcoming Fed announcement. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapita...

Andrew and Logan discuss the current state of the market - why is it down so much, how did it get here, what are we doing about it from an investment standpoint, and when will it end? The goal of this episode is to help clients and non-clients alike to understand how the market has gotten to the place that it is and how we are planning to interact with it as an investment firm.

Tom, Ben, and Andrew discuss the current market collapse. The US Market is seeing steep drawbacks as inflation continues to be an issue, and the effects ripple throughout the secondary and tertiary markets as well. Internationally, the German DAX is down over 2%, the UK FTSE 100 down close to 2%, and and the Hong Kong Hang Seng is down over 3%. Crypto is following suit with Bitcoin and Ethereum bo...

Ben, Andrew, and Tom discuss more Janet Yellen comments as she talks through the current state of the economy. Her comments inspire little to no faith in the decisions and policies being enacted to combat inflation. Following that discussion, CPI reports showed a continued increase in inflation, also indicating that measures currently taken to correct inflation are not working well. For informatio...