The Morning Market Briefing

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...

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...