The Morning Market Briefing

September 8, 2022 - Daily Market Briefing

09 Sep 2022

Contributed by Lukas

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...

September 7, 2022 - Daily Market Briefing

09 Sep 2022

Contributed by Lukas

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 b...

September 6, 2022 - Daily Market Briefing

06 Sep 2022

Contributed by Lukas

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 ...

September 2, 2022 - Daily Market Briefing

02 Sep 2022

Contributed by Lukas

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...

September 1, 2022 - Daily Market Briefing

02 Sep 2022

Contributed by Lukas

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 th...

August 31, 2022 - Daily Market Briefing

02 Sep 2022

Contributed by Lukas

Andrew and Ben discuss the improvement of economic data coming forth. Snapchat continues its downtrend with another 7% decerease in stock prices as la...

August 30, 2022 - Daily Market Briefing

02 Sep 2022

Contributed by Lukas

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 meeti...

August 29, 2022 - Daily Market Briefing

29 Aug 2022

Contributed by Lukas

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 in...

August 26, 2022 - Daily Market Briefing

26 Aug 2022

Contributed by Lukas

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...

August 25, 2022 - Daily Market Briefing

25 Aug 2022

Contributed by Lukas

Tom and Ben have special guest Melissa Visbal, Narwhal's Financial Planner, on for the call this morning. They discuss earnings reports for several co...

August 23, 2022 - Daily Market Briefing

23 Aug 2022

Contributed by Lukas

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 E...

August 22, 2022 - Daily Market Briefing

22 Aug 2022

Contributed by Lukas

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 purch...

August 19, 2022 - Daily Market Briefing

19 Aug 2022

Contributed by Lukas

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, an...

August 18, 2022 - Daily Market Briefing

18 Aug 2022

Contributed by Lukas

Andrew and Ben discuss the FED's dovish commentary surrounding the state of the market. Cisco reports strong earnings, and they show very limited sign...

August 15, 2022 - Daily Market Briefing

15 Aug 2022

Contributed by Lukas

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...

August 11, 2022 - Daily Market Briefing

11 Aug 2022

Contributed by Lukas

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...

August 10, 2022 - Daily Market Briefing

10 Aug 2022

Contributed by Lukas

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 ...

August 9, 2022 - Daily Market Briefing

09 Aug 2022

Contributed by Lukas

Tom and Ben discuss guidance cuts from Nvidia and Micron as chip manufacturers have experienced some turbulance. China's military demonstrations with ...

August 8, 2022 - Daily Market Briefing

08 Aug 2022

Contributed by Lukas

Andrew, Ben, and Tom discuss a significant number of mergers - CVS acquires Signify, UPS acquires Bomi, Atlas aquires Apollo, Pfizer acquires Global B...

August 5, 2022 - Daily Market Briefing

05 Aug 2022

Contributed by Lukas

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...

August 4, 2022 - Daily Market Briefing

04 Aug 2022

Contributed by Lukas

Ben, Andrew, and Tom discuss the ISM Services data that was better than expected, impending recessions and high inflation commentary out of the Bank o...

August 3, 2022 - Daily Market Briefing

03 Aug 2022

Contributed by Lukas

Ben, Andrew, and Tom discuss speaker Pelosi’s controversial trip to Taiwan, OPEC+ pledging to increase oil production by 100k barrels/day (the small...

August 2, 2022 - Daily Market Briefing

02 Aug 2022

Contributed by Lukas

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 op...

August 1, 2022 - Daily Market Briefing

01 Aug 2022

Contributed by Lukas

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 t...

July 29, 2022 - Daily Market Briefing

29 Jul 2022

Contributed by Lukas

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 importa...

July 28, 2022 - Daily Market Briefing

28 Jul 2022

Contributed by Lukas

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...

July 27, 2022 - Daily Market Briefing

27 Jul 2022

Contributed by Lukas

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 ...

July 25, 2022 - Daily Market Briefing

25 Jul 2022

Contributed by Lukas

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 repor...

July 22, 2022 - Daily Market Briefing

22 Jul 2022

Contributed by Lukas

Ben and Tom discuss Europe's economic data trending towards recession. Bonds are in, and people are loving them. Earnings reports are hitting some com...

July 21, 2022 - Daily Market Briefing

21 Jul 2022

Contributed by Lukas

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 ...

July 20, 2022 - Daily Market Briefing

21 Jul 2022

Contributed by Lukas

Andrew and Ben discuss the current economic situation in Europe as things continue to be difficult. Russia states they will honor their gas commitment...

July 19, 2022 - Daily Market Briefing

19 Jul 2022

Contributed by Lukas

Ben and Tom discuss European countires easing sanctions on Russian banks in order to allow food trade to continue into African countries. The French g...

July 18, 2022 - Daily Market Briefing

19 Jul 2022

Contributed by Lukas

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 (Go...

Q2 2022 Macro

15 Jul 2022

Contributed by Lukas

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 ...

July 14, 2022 - Daily Market Briefing

14 Jul 2022

Contributed by Lukas

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, ...

July 13, 2022 - Daily Market Briefing

14 Jul 2022

Contributed by Lukas

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...

July 11, 2022 - Daily Market Briefing

11 Jul 2022

Contributed by Lukas

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 pri...

July 7, 2022 - Daily Market Briefing

07 Jul 2022

Contributed by Lukas

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 ...

July 6, 2022 - Daily Market Briefing

06 Jul 2022

Contributed by Lukas

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...

July 5, 2022 - Daily Market Briefing

05 Jul 2022

Contributed by Lukas

Ben discusses concerning economic data, the shift from stagflation to full blown recession, troubling signs in Europe, Biden’s potential plan to eas...

July 1, 2022 - Daily Market Briefing

05 Jul 2022

Contributed by Lukas

Ben discusses equity and fixed income performance through the first 2 quarters, Eurozone CPI reports, gas rationing in Germany, Kohl’s failed attemp...

June 30, 2022 - Daily Market Briefing

30 Jun 2022

Contributed by Lukas

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 ...

June 29, 2022 - Daily Market Briefing

29 Jun 2022

Contributed by Lukas

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, hi...

June 28, 2022 - Daily Market Briefing

28 Jun 2022

Contributed by Lukas

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, a...

June 27, 2022 - Daily Market Briefing

27 Jun 2022

Contributed by Lukas

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 m...

June 24, 2022 - Daily Market Briefing

24 Jun 2022

Contributed by Lukas

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...

June 23, 2022 - Daily Market Briefing

23 Jun 2022

Contributed by Lukas

Ben and Andrew discuss the estimated jobless claims as the economy continues to trend towards recession. The also discuss Powell's comments at length ...

June 22, 2022 - Daily Market Briefing

22 Jun 2022

Contributed by Lukas

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 ...

June 21, 2022 - Daily Market Briefing

21 Jun 2022

Contributed by Lukas

Andrew and Ben discuss the current market sentiment on inflation and the "probability" of recession. Goldman speculates that chances of recession are ...

June 16, 2022 - Daily Market Briefing

16 Jun 2022

Contributed by Lukas

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 ...

June 15, 2022 - Daily Market Briefing

15 Jun 2022

Contributed by Lukas

Ben and Andrew discuss the most recent economic data and its impact, the growing momentum in layoff announcements, Biden’s letter to petroleum refin...

State of the Market - June 14, 2022

14 Jun 2022

Contributed by Lukas

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 ...

June 13, 2022 - Daily Market Briefing

13 Jun 2022

Contributed by Lukas

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 effec...

June 10, 2022 - Daily Market Briefing

10 Jun 2022

Contributed by Lukas

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...

June 9, 2022 - Daily Market Briefing

09 Jun 2022

Contributed by Lukas

Tom, Ben, and Andrew discuss the current status of the ECB. The ECB is ending purchases under their pandemic emergency program, and they're planning t...

June 8, 2022 - Daily Market Briefing

09 Jun 2022

Contributed by Lukas

Ben and Tom discuss Janet Yellen's comments on inflation, focusing on the state of inflation in the US economy as well as possible ways to ease inflat...

June 7, 2022 - Daily Market Briefing

07 Jun 2022

Contributed by Lukas

Ben, Andrew, and Tom discuss another downward revision by Target, the readthrough on the health of the American consumer, Boris Johnson surviving the ...

June 6, 2022 - Daily Market Briefing

06 Jun 2022

Contributed by Lukas

Andrew, Ben, and Tom discuss the inventory issue facing several retail companies, two big ones being Amazon and Walmart. Also, in news for Amazon is t...

June 3, 2022 - Daily Market Briefing

03 Jun 2022

Contributed by Lukas

Ben and Tom discuss the labor report from the month of May. There are currently a lot of hiring freezes and layoffs beginning, highlighted by Elon Mus...

Beyond the Portfolio - Andy Su

02 Jun 2022

Contributed by Lukas

Andy Su is the co-founder of Pry Financials, a financials platform for start-ups as they develop business plans and strategy for their ideas. Pry rece...

June 2, 2022 - Daily Market Briefing

02 Jun 2022

Contributed by Lukas

Tom and Ben discuss the current state of the job market, including job hiring slowdowns and layoffs beginning to take place. They also discuss the sit...

June 1, 2022 - Daily Market Briefing

01 Jun 2022

Contributed by Lukas

Andrew, Ben, and Tom discuss the reports for SalesForce as they were up in the market after results that were in-line with expectations. They also tal...

May 31, 2022 - Daily Market Briefing

31 May 2022

Contributed by Lukas

Ben and Tom primarily discuss the state of European inflation and the Biden administration's plans for the "new normal" of the American economy. Europ...

May 27, 2022 - Daily Market Briefing

27 May 2022

Contributed by Lukas

Andrew, Tom, and Ben discuss the recent market rally, wage and pricing pressures on companies, an increase in equity fund flows, brutal earnings out o...

May 26, 2022 - Daily Market Briefing

26 May 2022

Contributed by Lukas

Ben, Andrew, and Tom discuss the GDP in the midst of Q1 wrap up and the choppy state of the market. Nvidia released their Q1 reports yesterday, so the...

May 25, 2022 - Daily Market Briefing

25 May 2022

Contributed by Lukas

Ben and guest star Jon Hicks discussed the still continuing downtrend in the tech sector. Lyft was absolutely crushed, and we will continue to monitor...

May 24, 2022 - Daily Market Briefing

24 May 2022

Contributed by Lukas

Ben and Tom discuss SNAP's large fallout from yesterday and today's market shift, and they expand their conversation into the sustainability of ad-bas...

May 23, 2022 - Daily Market Briefing

23 May 2022

Contributed by Lukas

Andrew, Tom, and Ben discuss Friday’s wild trading day, the potential acquisition of VMware by Broadcom, Apple’s attempt to boost production outsi...

May 20, 2022 - Daily Market Briefing

20 May 2022

Contributed by Lukas

Andrew, Tom, and special guest Jonathan Hicks discuss a much-needed strong week in bond world, the China reserve’s rate cut, the GOP’s push to bre...

May 19, 2022 - Daily Market Briefing

19 May 2022

Contributed by Lukas

Andrew and Ben discuss the brutal market day yesterday, the beatdown of retail stocks, earnings out of a number of companies, China’s talks with Rus...

May 18, 2022 - Daily Market Briefing

18 May 2022

Contributed by Lukas

Ben, Tom, and Andrew discuss yesterday’s strong market rally and the potential factors that led to it, the details form Jay Powell’s briefing, som...

May 17, 2022 - Daily Market Briefing

17 May 2022

Contributed by Lukas

Andrew, Tom, and Ben update with their thoughts on the current state of the market after another day in the chop. Tom details his thoughts on Bullard'...

May 16, 2022 - Daily Market Briefing

16 May 2022

Contributed by Lukas

Ben, Tom, and Andrew discuss the state of the market based on last week's significant movement within the market. Ben goes into fair detail on whether...

May 13, 2022 - Daily Market Briefing

13 May 2022

Contributed by Lukas

Ben comes to us live from the road to discuss a few topics very briefly. He discusses Jay Powell's comments from his interview with Marketplace, Twitt...

May 12, 2022 - Daily Market Briefing

12 May 2022

Contributed by Lukas

Ben, Tom, and Andrew discuss the continued downturn in the market over the past week. Tom starts off discussing the fixed income market, noting that t...

May 11, 2022 - Daily Market Briefing

11 May 2022

Contributed by Lukas

Andrew, Ben, and Tom discuss Philip Morris’ acquisition of Swedish Match, widening spreads in the junk credit market, the continued collapse in the ...

May 10, 2022 - Daily Market Briefing

10 May 2022

Contributed by Lukas

Ben, Andrew, and Tom discuss an ugly day yesterday across the markets, Biden’s upcoming address surrounding inflation, the readthrough from the Fed’...

May 9, 2022 - Daily Market Briefing

09 May 2022

Contributed by Lukas

Tom and Ben discuss the state of the market, the deterioration of assets (most significantly in speculative assets like crypto, NFTs, SPACs, and COVID...

May 6, 2022 - Daily Market Briefing

06 May 2022

Contributed by Lukas

Tom and Ben discuss yesterday's brutal fallout in the market following Wednesday's upward trend following the FED's double rate hike. They speculate o...

May 5, 2022 - Daily Market Briefing

05 May 2022

Contributed by Lukas

Tom and Ben discuss some of yesterday's FED meeting along with the strong movement in the market. They also comment on the interest rate hike as well ...

May 4, 2022 - Daily Market Briefing

04 May 2022

Contributed by Lukas

Ben, Tom, and Andrew discuss the rise in job openings and employment reporting from ADP. They also continued more conversation around SBUX Q1 reportin...

May 3, 2022 - Daily Market Briefing

03 May 2022

Contributed by Lukas

Ben and Tom discuss interest rate increases ahead of this week’s Fed meeting, the effect these rate increases have had on mortgages, the takeaways f...

May 2, 2022 - Daily Market Briefing

02 May 2022

Contributed by Lukas

Ben, Tom, and Andrew discuss the upcoming FED meeting and speculate on what may come through that meeting. They also discuss more Q1 numbers as they a...

April 28, 2022 - Daily Market Briefing

28 Apr 2022

Contributed by Lukas

Tom and Ben discuss the Q1 results for GDP and its indication towards that may do with the FEDs decision regarding interest rate hikes. They continued...

April 27, 2022 - Daily Market Briefing

27 Apr 2022

Contributed by Lukas

Ben and Tom discuss the Kremlin halting gas flow to certain EU countries along with Russia's continuance of requiring payment for gas in Rubles. They ...

April 26, 2022 - Daily Market Briefing

26 Apr 2022

Contributed by Lukas

Tom and Andrew continue to discuss Elon Musk's pending purchase of Twitter, Fidelity now allowing their 401k clients to allocate up to 20% of their ac...

April 25, 2022 - Daily Market Briefing

25 Apr 2022

Contributed by Lukas

Tom and Andrew discuss where we stand in Elon Musk’s attempt to acquire twitter, the continued unraveling of stocks that benefited from COVID, data ...

April 22, 2022 - Daily Market Briefing

22 Apr 2022

Contributed by Lukas

Andrew and Tom discuss the FED's possible rate hikes forthcoming in the next quarter(s). They also discuss how inflation is being discussed by the FED...

April 21, 2022 - Daily Market Briefing

21 Apr 2022

Contributed by Lukas

Andrew and Tom continued discussion on Q1 reports and indicators, including jobless claims, the Beige Book, and earnings. They recapped a strong showi...

April 20, 2022 - Daily Market Briefing

20 Apr 2022

Contributed by Lukas

Ben, Tom, and Andrew discuss more Q1 earnings and their implications. Tom continues to address the unprecedented fixed income market. They also break ...

April 19, 2022 - Daily Market Briefing

19 Apr 2022

Contributed by Lukas

Tom and Ben discuss Fed member Jim Bullard’s incredibly hawkish commentary, claims of a Fed credibility crisis, the reversal of the public transit m...

April 18, 2022 - Daily Market Briefing

18 Apr 2022

Contributed by Lukas

Ben, Tom, and Andrew discuss the recent plans for China's equivalent of Uber (DiDi) to delist from the NYSE in the wake of their massive difficulties ...

April 14, 2022 - Daily Market Briefing

14 Apr 2022

Contributed by Lukas

Ben, Tom, and Andrew discuss an update on the Russia/Ukraine situation as well as Norway and Sweden's hopes to join NATO. They continue to discuss the...

Macro Presentation - Q1 2022

13 Apr 2022

Contributed by Lukas

Narwhal's Q1 2022 Macro Presentation

April 13, 2022 - Daily Market Briefing

13 Apr 2022

Contributed by Lukas

Ben and Tom discuss changes in the PPI month-to-month and year-to-year, the Fed's navigation and plans for shifting inflation, and earnings from notab...

April 11, 2022 - Daily Market Briefing

11 Apr 2022

Contributed by Lukas

*No call tomorrow morning as the crew preps for our quarterly macro presentation tomorrow at 4:45pm* Today, Andrew, Ben, and Tom discuss the run-off t...

April 8, 2022 - Daily Market Briefing

08 Apr 2022

Contributed by Lukas

Ben and Tom discuss surprising upticks in the retail market, noting Barclays naming Target a top pick as well as Home Depot's strong confidence based ...

April 7, 2022 - Daily Market Briefing

07 Apr 2022

Contributed by Lukas

Tom and Ben start the discussion with a breakdown of Masters week followed by a recap of US jobless claims data, the Fed’s hawkish March meeting min...

April 6, 2022 - Daily Market Briefing

06 Apr 2022

Contributed by Lukas

Tom and Ben discuss the potential JetBlue purchase of Spirit (which is also being pursued by Frontier), the extension of the student loan pause, and m...

April 5, 2022 - Daily Market Briefing

05 Apr 2022

Contributed by Lukas

Tom (returning from his day at the masters) joins Ben to discuss Twitter’s newest board member Elon Musk, the EU and the US’s proposal of even mor...