The Morning Market Briefing

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...

April 4, 2022 - Daily Market Briefing

04 Apr 2022

Contributed by Lukas

Ben flies solo to discuss last Friday’s slide in trucking and railroad stocks and the reasons behind it, JP Morgan CEO Jamie Dimon’s annual econom...

April 1, 2022 - Daily Market Briefing

01 Apr 2022

Contributed by Lukas

Tom and Ben continue discussions on the latest between Russia and Ukraine relations, along with their impact on the global market and Russia's demand ...

March 31, 2022 - Daily Market Briefing

31 Mar 2022

Contributed by Lukas

Tom, Ben, and Andrew discuss the complexities surrounding the global oil market, the US considering a massive release from its oil reserves, Apple’s...

March 30, 2022 - Daily Market Briefing

30 Mar 2022

Contributed by Lukas

Ben, Andrew, and Tom discuss the state of peace talks in the Russia/Ukraine war, new US economic data, the yield curve inversion and what that means g...

March 29, 2022 - Daily Market Briefing

29 Mar 2022

Contributed by Lukas

Tom, Ben, and Andrew discuss the potential progress in negotiations between Russia and Ukraine, context on the state of the bond market, President Bid...

March 28, 2022 - Daily Market Briefing

28 Mar 2022

Contributed by Lukas

Tom, Andrew, and Ben discuss “the slap heard round the world”, an update on the war in Ukraine, Biden’s interesting rhetoric over the weekend, B...

Beyond the Portfolio: Steve Horvath

25 Mar 2022

Contributed by Lukas

Steve Horvath is a former senior tech fellow at Lockheed Martin. Steve graduated from Georgia Tech with an engineering degree and spent his whole care...

March 25, 2022 - Daily Market Briefing

25 Mar 2022

Contributed by Lukas

Ben, Tom, and Andrew discuss the EU’s agreement with the US to import liquid natural gas, Ben’s detailed context on this agreement to examine how ...

March 24, 2022 - Daily Market Briefing

24 Mar 2022

Contributed by Lukas

Ben and Tom discuss new economic data, a continued march downward in fixed income, updates on the status of the Ukraine/Russia conflict, the Russian s...

March 23, 2022 - Daily Market Briefing

23 Mar 2022

Contributed by Lukas

Tom, Ben, and Andrew discuss the brutality in Ukraine, President Zelensky’s continued appeal to his allies, details on how Tom is navigating the tou...

March 22, 2022 - Daily Market Briefing

22 Mar 2022

Contributed by Lukas

Tom, Ben, and Andrew discuss the status of the conflict in Ukraine, Jay Powell targeting a more aggressive approach to “restore price stability”, ...

March 21, 2022 - Daily Market Briefing

21 Mar 2022

Contributed by Lukas

Tom, Ben, and Andrew discuss Russia’s evolving military strategy, gas taxes suspended in some US states (but that might not be a great thing), the E...

March 18, 2022 - Daily Market Briefing

18 Mar 2022

Contributed by Lukas

Tom, Ben, and Andrew discuss Bank of America’s comments that we haven’t seen market lows yet, President Biden and President Xi’s upcoming meetin...

March 17, 2022 - Daily Market Briefing

17 Mar 2022

Contributed by Lukas

Tom and Ben discuss the variables that led to the Fed’s decision to initiate “lift-off”, strong earnings from a number of US companies which bac...

March 16, 2022 - Daily Market Briefing

16 Mar 2022

Contributed by Lukas

Ben, Tom, and Andrew discuss the state of the war in Ukraine, the fact that “everyone who is anyone” will be talking today, China attempting to sp...

March 15, 2022 - Daily Market Briefing

15 Mar 2022

Contributed by Lukas

Tom, Ben, and Andrew discuss “the state of play” of fund managers in the market, our own view of the market and how we are responding to the volat...

March 14, 2022 - Daily Market Briefing

14 Mar 2022

Contributed by Lukas

Tom, Andrew, and Ben discuss the state of the war in Ukraine, potential economic alliances undermining the sanctions on Russia, the Iran Nuclear Deal ...

March 11, 2022 - Daily Market Briefing

11 Mar 2022

Contributed by Lukas

Tom, Ben, and Andrew discuss the week’s market activity, Russia’s new tactics on the battlefield, the status of talks between Russia and Ukraine, ...

March 10, 2022 - Daily Market Briefing

10 Mar 2022

Contributed by Lukas

Tom and Ben discuss US economic data including the new CPI print, the effect of the CPI print on the Fed’s approach to rate hikes, hawkish news from...

March 9, 2022 - Daily Market Briefing

09 Mar 2022

Contributed by Lukas

Tom, Andrew, and Ben discuss some big news in the world of sports, narratives leading the a rally in equity markets, “pain” (according to Tom) in ...

March 8, 2022 - Daily Market Briefing

08 Mar 2022

Contributed by Lukas

Tom, Ben, and Andrew provide updates on the state of the conflict in Ukraine, the reactions of conflict onlookers including China and the US, Biden’...

Beyond the Portfolio: David Grayson

07 Mar 2022

Contributed by Lukas

David Grayson is the Director of Mining Operations at Green Rock, a real estate development firm based in Birmingham, AL. He formerly served as the Pr...

March 7, 2022 - Daily Market Briefing

07 Mar 2022

Contributed by Lukas

Tom, Ben, and Andrew discuss the current state of the markets, why we are still buying US equities, updates on the Russia/Ukraine conflict, Russia’s...

March 4, 2022 - Daily Market Briefing

04 Mar 2022

Contributed by Lukas

Tom, Ben, and Andrew discuss the impact of Russia’s capture of a Ukrainian nuclear power plant, the potential next steps for NATO in this conflict, ...

March 3, 2022 - Daily Market Briefing

03 Mar 2022

Contributed by Lukas

Tom and Ben discuss Jay Powell’s “market soothing” testimony, the potential pace of rate hikes from the Fed, the weight of Russian sanctions on ...

March 2, 2022 - Daily Market Briefing

02 Mar 2022

Contributed by Lukas

Tom, Andrew, and Ben discuss President Biden’s State of the Union Address, updates on the situation in Ukraine, oil prices and production, incoming ...

March 1, 2022 - Daily Market Briefing

01 Mar 2022

Contributed by Lukas

The team continues to discuss the situation in Ukraine, what will need to happen to put an end to the fighting, and the possible economic impacts of t...

February 28, 2022 - Daily Market Briefing

01 Mar 2022

Contributed by Lukas

Tom, Andrew, and Ben discuss the situation as it continues to unfold in Ukraine, the new sanctions that the west has placed on Russia, the effects tha...

February 25, 2022 - Daily Market Briefing

25 Feb 2022

Contributed by Lukas

Tom and Andrew discuss the remarks made by President Biden in response to the Russian invasion, the potential sanctions that could be levied against R...

February 24, 2022 - Daily Market Briefing

24 Feb 2022

Contributed by Lukas

Members of the investment committee discuss the full-scale Russian invasion in Ukraine, the potential response of world leaders, the impact on the US ...

February 23, 2022 - Daily Market Briefing

23 Feb 2022

Contributed by Lukas

Ben, Andrew, and Tom discuss the sanctions unveiled on Russia as Ukraine declares a state of emergency, the potential impact of these sanctions on the...

February 22, 2022 - Daily Market Briefing

22 Feb 2022

Contributed by Lukas

Andrew, Ben, and Tom discuss the news coming out of Russia as troops move in for a "peacemaking process", the new "Living with COVID" plan in the UK, ...

February 18, 2022 - Daily Market Briefing

18 Feb 2022

Contributed by Lukas

Andrew and Ben discuss what led to yesterday's big market sell off, including Biden's claim of an "imminent" Russian invasion, a continued call for ag...

February 17, 2022 - Daily Market Briefing

17 Feb 2022

Contributed by Lukas

Ben is rejoined by Tom and Andrew to discuss new housing starts and initial jobless claims data, the big takeaways from yesterday afternoon's Fed minu...

February 16, 2022 - Daily Market Briefing

16 Feb 2022

Contributed by Lukas

Ben is flying solo for the next 3 days as Tom and Andrew are on the road. In today's show, Ben starts out with a quick Greek mythology lesson, and the...

February 14, 2022 - Daily Market Briefing

14 Feb 2022

Contributed by Lukas

Members of Narwhal's investment committee discuss the Russia/Ukraine conflict as it continues to evolve, Goldman Sachs cutting its year-end S&P 500 pr...

February 10, 2022 - Daily Market Briefing

10 Feb 2022

Contributed by Lukas

It’s a hard-hat day at Narwhal as investment committee members focus their discussion on a hot CPI print (7.5% vs est. 7.2%) and the ripples of that...

February 9, 2022 - Daily Market Briefing

09 Feb 2022

Contributed by Lukas

Members of Narwhal's investment committee discuss yesterday’s market rally as futures point up again today, the rumors out of France that tensions s...

February 8, 2022 - Daily Market Briefing

08 Feb 2022

Contributed by Lukas

Members of Narwhal's investment committee discuss the decline in small business optimism, a rollercoaster of a Monday in the Chinese equity market, Pe...