The Morning Market Briefing

Ben, Tom, and Andrew discuss interesting election results from Argentina where an atypical candidate seems to be gaining traction, US Steel rejecting a deal offer from Cleveland Cliffs, and a big data week as we will see retail sales data and economic numbers from China, as well as earnings reports from Walmart and Target. For information on how to join the Zoom calls live each morning at 8:30 EST...

Tom flies solo to discuss PPI data that tops expectations, the 30-year bond auction, hedge fund positioning, and President Biden’s comments on China. 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 Moe discuss a CPI reading that comes in relatively in-line with expectations, the inputs that led to these results, what this data really means for the decisions the Fed will make in the months to come, and earnings data from Disney. 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...

Andrew, Tom, and Moe preview tomorrow’s CPI report, earnings reports from LYFT, BROS, and RIVN, as well as ESPN’s foray into sports gambling through a deal with PENN. 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 Moe discuss the Italian government’s attempt to control bank profits, serious economic struggles in China, Moody’s downgrading US banks, and earnings from a number of companies. 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

Moe, Ben, and Tom discuss NYC Fed President John Williams’ comments on the possibility of a rate cut in early 2024, commercial real estate’s continued struggle with high rates, and some important earnings reports/economic data coming out 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 se...

Ben, Tom, and Andrew discuss Apple and Amazon's earnings, the ISM report, and UAW Union Demands. 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 Moe go over the 10 year treasury selloff, Bank of England's decision to raise rates, and a shifting on consumer spending in apparel. 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 recap Tuesday's earnings, including AMD's, which may be particularly helpful in analyzing Nvidia's prospects, new economic data, and Fitch Ratings downgrading the U.S. debt from AAA to AA+. 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, Tom, and Andrew discuss the earnings of Pfizer, Caterpillar, and Uber, Disney bringing back two executives, and XOM pushing into lithium. 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 updates on credit delinquencies, the company Yellow being shut down, and J&J's appeal falling dead. 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 talk about the Bank of Japan's hawkish surprise that took the market off guard, the Johnson and Johnson/Kenvue share exchange, and Intel's earnings. 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, Andrew, and Tom chat about the Central Bank raising the FFR 25bps, the GDP's encouraging performance, and META's reels reeling in revenue. 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 go over important earnings reports in Google and Microsoft, the UPS deal, and by the way, it's Fed Day! 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, Andrew, and Tom go over the bank deposit reclassification not being as big a deal as it might sound, Raytheon's turbine problem, and a strong quarter from General Electric. 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 muse over continuing negotiations between UPS and the Teamsters, Phillips Healtcare's struggling performance, and Nick Timiraos saying the Fed won't declare victory on inflation. 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 talk about TSMC's lackluster quarter, Phillip Moriss's impressive margins growth, and Blackstone becoming the first private equity firm to manage over a trillion dollars. 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 go over the UK's inflation rapidly decreasing, Carvana's stock passing $50 after somewhat of a sketchy debt restructure, Microsoft's AI announcement, and other earnings news. 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, Andrew, and Tom go over Lockeed Martin, Bank of America, and Morgan Stanley's earnings and more. 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 Moe discuss Tupperware's fall from grace, China's low, but not surprising GDP results, and the Teamsters telling the White House not to step in regarding UPS strike negotiations. 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

Narwhal's Macro presentation for Q2 of 2023.

Ben, Andrew, and Tom go over the released earnings so far, including United Health, BlackRock, JP Morgan, and Wells Fargo, yesterday's PPI, and Prime Day's performance. 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 Moe update on the Northern District of California's ruling disqualifying the FTC's injunction of the MSFT-ATVI merger to Khan's probable chagrin, the CPI Print, and AT&T and Verizon facing public outcry due to the use of hazardous cables. 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 P...

Andrew, Tom, and Moe converse regarding Amazon Prime Day starting today, a concerning amount of Chinese stimulus being passed, and NFIB's mixed 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: https://www.narwhalcapital.com/disclosure

Ben, Tom, and Moe discuss Chinese economic conditions and how they could turn into a problem for Japan, the EU investigating Novo Nordisk for Semaglutide, their weightloss drug, having potentially suicide risk enducing side effects, and Disney World's lines getting shorter. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-...