The Morning Market Briefing

Ben and Moe converse on the topic of new Chinese Economic Data, French inflation, and the potential difficulty of passing the debt ceiling despite leadership resolution.

Ben and Moe consider Biden and McCarthy's debt ceiling agreement, Turkey's runoff election, and the economic calendar results coming up.

Ben discusses a number of earnings reports including COST, a core Narwhal holding, and provides commentary on the ever evolving debt ceiling situation. 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 talks with John Hillman from FIDES Development about the state of real estate construction and development. Specifically, John speaks to the southeast, primarily focused on the Metro Atlanta area, on where the market stands regarding real estate development. John also shares a bit of his background and what FIDES does in the market as a whole. For information on how to join the Zoom calls live...

Ben discusses NVIDIA's huge quarter, as they have shown an almost 100% growth quarter over quarter. The company has shown the innovative potential similar to Apple's iPhone and Ford's Model T, with the company's growth possibly making it the largest company in the world (based on market cap). Desantis launches his 2024 presidential campaign. Fed minutes are split on whether or not there should be...

Ben and Moe go over the debt ceiling deal coming closer, Desantis joining the race, FTC going after Abbott, and ADI/TOL'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

Description: Ben and Moe mull over current Debt Ceiling negotiations, the implications of Lowes’s earnings report, and Pfizer’s new weight loss pill. 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 Moe discuss China’s ban of the purchase of products from American chip maker Micron, Minneapolis Fed president Neel Kashkari calling for rates over 6%, debt ceiling negotiations as the deadline looms, and some big earnings reports coming later 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-brief...

Ben and Moe discuss China banning firms from buying from Micron moving forward. Neel Kashkari says the interest rates in the US may need to exceed 6% in order to bring inflation back down. Republicans fight for a 10-year hold on the debt ceiling while Democrats angle to stop the hold at 2 years. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalc...

Andrew and Moe discuss the impressive earnings out of John Deere, BoA strategist calling for the sale of stocks, dispersion between companies within the S&P 500, and the ongoing battle between Disney and the state of Florida. 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: http...

Harrison and our new interns, Nipun and Turner, discuss earnings data from CSCO and WMT, the ban of TikTok in Montana, and spending data showing that the consumer is becoming more judicious. 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 discusses the string of Fed speakers and the implications of their rhetoric on rates, retail spending data, earnings data from TGT and TJX, and CSCO’s upcoming earnings report this evening. 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/disclosur...

Ben and Andrew discuss the ongoing debt ceiling debate, continued downside surprise in the China reopening, cold retail sales data in the US, the tough quarter for HD, and the rough road ahead for commercial real estate. 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.n...

Moe and Andrew discuss the situation surrounding the debt ceiling, the commentary expected later today from a number of Fed presidents, and upcoming earnings and economic data coming out throughout the 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...

Andrew Hall and CCO Jonathan Hicks address a number of questions submitted by clients. Topics include the US national debt, bitcoin, portfolio management, and regional banks. 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 Andrew discuss the increase in initial jobless claims, PPI data for April that continues to move in the right direction, mixed earnings data out of Disney, a strong earnings report from ENTG, and PACW continuing to teeter. We will be having a special Q&A show this Friday. Submit any questions you would like answered to ahall@narwhalcapital.com. For information on how to join the Zoom c...

Tom and Andrew discuss April CPI data, what the Fed should do next, inventory constraints in housing, and earnings from Toyota. We will be having a special Q&A show this Friday. Submit any questions you would like answered to ahall@narwhalcapital.com 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...

Tom, Andrew, and Moe discuss the biggest takeaways from the newly followed “SLOOS Report”, what this could mean for the economy moving forward (specifically for real estate development and private equity), as well as earnings reports from BWXT and PayPal, and data showing slower growth in China. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalc...

Moe and Tom discuss Friday’s strong market rally, the continuing struggles of regional banks, Apple’s bond issuance, Berkshire Hathaway’s annual shareholder meeting recap, the debt ceiling debate, and CPI/PPI 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 see disclosures: htt...

Tom and Andrew react to strong jobs data, positive results from Apple, and the continued struggle of regional banks. 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 Moe boycott Star Wars Day and jump into the analysis of the Fed’s decision and rhetoric from the announcement yesterday afternoon. What started as a neutral announcement quickly turned hawkish as Chairman Powell fielded questions. What does this announcement mean for the terminal rate and how will the economy and the market respond? For information on how to join the Zoom calls live each m...

Ben, Andrew, and Tom discuss the continued difficulty within the banking system, earnings reports out of AMD, F, and SBUX, some favorable data coming out of Eli Lilly in regard to their new Alzheimer’s drug, some economic data, and the looming Fed decision. 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...

Andrew and Tom discuss ISM Manufacturing numbers as they have stabilized in spite of the economic uncertainty. JOLTS report later today, as well as a FED meeting upcoming tomorrow. The FDIC weighs a new program to raise deposit insurance for payroll and business payments. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-ma...

Ben and Tom discuss First Repulic Bank going into FDIC receivership. JPMorgan assumes assests, as FRC is the biggest US bank failure since 2008. Charlie Munger comments that banks are no where near the same debacle as 2008, with the primary issue currently being a result of business mistakes rather than economic crisis. Commercial real estate is on its way downward. For information on how to join...

Ben and Tom have a special guest, Molly Russell join the call. GDP results show a large growth in personal consumption (the largest growth since Q2 of 2021), and there was also a large bump in government spending. Private investment took a huge hit with a decline of 12.5% in Q1 of this year. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapit...