The Morning Market Briefing
Episodes
January 6, 2023 - Daily Market Briefing
06 Jan 2023
Contributed by Lukas
Ben, Tom, and Andrew discuss the NFP report, the Eurozone CPI print, and Samsung's earnings report. Europe reports a lower than expected CPI, however,...
January 5, 2023 - Daily Market Briefing
06 Jan 2023
Contributed by Lukas
Tom and Ben discuss the state of the jobs market. Amazon to lay off a considerable number of employees in the coming months, and ISM and ADP employmen...
January 4, 2023 - Daily Market Briefing
06 Jan 2023
Contributed by Lukas
Ben, Tom, and Andrew discuss Apple losing its $2 trillion status as a company, reminiscent of the fall GE had from its once plateau. Salesforce expect...
January 3, 2023 - Daily Market Briefing
06 Jan 2023
Contributed by Lukas
Tom and Ben discuss Tesla missing their Q4 delivery estimates and Musk's potential resignation from Twitter, along with its impact on Tesla as a whole...
Beyond the Portfolio - Barry Pencek
19 Dec 2022
Contributed by Lukas
Barry Pencek was born in Scranton, Pennsylvania with a heart for the skies. At any early age, he was convinced that being a pilot was the path for his...
December 19, 2022 - Daily Market Briefing
19 Dec 2022
Contributed by Lukas
Andrew, Ben, and Tom discuss a big week ahead as big earnings reports and a Bank of Japan policy meeting start a week of info despite the upcoming hol...
December 15, 2022 - Daily Market Briefing
15 Dec 2022
Contributed by Lukas
Ben discusses the release of economic data in both America and China. China continues to have poor economic numbers as their covid lockdowns were high...
December 14, 2022 - Daily Market Briefing
14 Dec 2022
Contributed by Lukas
Tom and Ben discuss the Fed's decisions on how to handle inflation and how the market has responded this year. Bank of Japan to consider a review next...
December 13, 2022 - Daily Market Briefing
13 Dec 2022
Contributed by Lukas
Ben, Andrew, and Tom discuss their view of the better than expected CPI data, the response to this data by the bond and equity markets, the takeaways ...
December 12, 2022 - Daily Market Briefing
12 Dec 2022
Contributed by Lukas
Ben and Tom discuss Amgen’s talks to buy Horizon Therapeutics in a deal with north of $20 billion. Developments in Exergonic nuclear fusion show sig...
December 9, 2022 - Daily Market Briefing
12 Dec 2022
Contributed by Lukas
Andrew, Tom, and Ben discuss China’s plan to sell $108 billion in special sovereign bonds to stimulation their struggling economy. The FTC sues Micr...
December 8, 2022 - Daily Market Briefing
12 Dec 2022
Contributed by Lukas
Tom and Ben discuss Walmart CEO Doug McMillon’s comments on the average consumer at an investor conference – penny pinching up, higher-income indi...
December 7, 2022 - Daily Market Briefing
07 Dec 2022
Contributed by Lukas
Tom and Andrew discuss the GA Senate race results, as Warnock won a tightly contested runoff. Meta faces even more headwind as privacy and media regul...
December 6, 2022 - Daily Market Briefing
07 Dec 2022
Contributed by Lukas
Andrew, Ben, and Tom discuss the issues facing commercial property funds are seeing spikes in redemption requests to the extent that they are limiting...
December 5, 2022 - Daily Market Briefing
05 Dec 2022
Contributed by Lukas
Tom and Ben discuss the Fed's plans for their 12/14 meeting with expectations to see a 50bp rate hike. Shanghai reopens after the authorities ease bac...
December 2, 2022 - Daily Market Briefing
02 Dec 2022
Contributed by Lukas
Ben and Tom discuss the upcoming OPEC+ meeting, jobs data and an acceleration in wage growth, the status on the railroad strike, how today’s news im...
December 1, 2022 - Daily Market Briefing
02 Dec 2022
Contributed by Lukas
Andrew, Tom, and Ben dive into the comments from Jay Powell, the implications of those comments, and our view of their validity. They also discuss Bid...
November 30, 2022 - Daily Market Briefing
02 Dec 2022
Contributed by Lukas
Ben, Andrew, and Tom discuss the easing (but still elevated) Eurozone inflation data, the upcoming meeting for OPEC+ and the expectation that they kee...
November 29, 2022 - Daily Market Briefing
29 Nov 2022
Contributed by Lukas
Tom and Ben discuss China's COVID protocol again, as it continues to have an impact on the markets due to the slowing of production in many areas with...
November 28, 2022 - Daily Market Briefing
28 Nov 2022
Contributed by Lukas
Ben, Tom, and Andrew discuss the protests in China as their COVID restrictions have caused severe tensions with civilians. The FTC filed an anti-monop...
November 18, 2022 - Daily Market Briefing
18 Nov 2022
Contributed by Lukas
Tom and Andrew discuss Elon's Twitter employment agreement, which required employees to commit to being all-in if they want to continue working for Tw...
November 17, 2022 - Daily Market Briefing
17 Nov 2022
Contributed by Lukas
Andrew takes on the morning call alone this morning. He discusses Christine Lagarde's upcoming address that will discuss the continued acceleration of...
November 16, 2022 - Daily Market Briefing
16 Nov 2022
Contributed by Lukas
Tom and Harrison discuss the Russian-made missle hitting Poland, killing two - speculation is that the missle was actually fired from Ukraine towards ...
November 15, 2022 - Daily Market Briefing
16 Nov 2022
Contributed by Lukas
Ben, Tom, and Andrew discuss PPI numbers as they reflect a positive move regarding inflation and the future of the economy. Big retail earnings releas...
November 14, 2022 - Daily Market Briefing
14 Nov 2022
Contributed by Lukas
Tom and Ben brave the onset of winter weather to discuss an economy and consumer that may be overreaching to “one data point” on inflation and the...
November 11, 2022 - Daily Market Briefing
11 Nov 2022
Contributed by Lukas
Tom and Ben discuss yesterday’s strong market rally (S&P up nearly 6%), the movement of oil prices and the factors influencing those changes, Amazon...
November 10, 2022 - Daily Market Briefing
10 Nov 2022
Contributed by Lukas
Tom and Ben discuss CPI reportings as the economy sees a favorable number for inflation. Stocks soared as investors seem to have very positive sentime...
November 9, 2022 - Daily Market Briefing
10 Nov 2022
Contributed by Lukas
Andrew, Ben, and Tom discuss election results, as the "red wave" was clearly a mis-forecast episode for the 2022 mid-terms. With a higher than anticip...
November 8, 2022 - Daily Market Briefing
10 Nov 2022
Contributed by Lukas
Andrew, Ben, and Tom discuss mid-term elections that are of particular interest to them. They go on to discuss the implications of a few swing state S...
November 7, 2022 - Daily Market Briefing
07 Nov 2022
Contributed by Lukas
Ben and Tom discuss China's "Zero-Covid" Policy and its impact on the global market, primarily the slowing of Apple's production of new iPhones. Meta ...
November 4, 2022 - Daily Market Briefing
07 Nov 2022
Contributed by Lukas
Tom and Ben discuss a mixed bag of earnings reports as signs of stress are continuing to show throughout the economy. Several large companies have ann...
November 3, 2022 - Daily Market Briefing
03 Nov 2022
Contributed by Lukas
Tom and Ben discuss the release of economic data showing an apparent slowing of the economy. Qualcomm notes that smartphone sales are down nearly 8% a...
November 2, 2022 - Daily Market Briefing
03 Nov 2022
Contributed by Lukas
Ben and Tom discuss earnings updates from AMD, as they've seen a positive quarter of business. A few earnings reports from some staple entities, CLX a...
November 1, 2022 - Daily Market Briefing
01 Nov 2022
Contributed by Lukas
Ben and Tom discuss earnings updates from several companies, notably UBER beating expectations and JNJ doing very well. A few tech stocks faired well ...
October 31, 2022 - Daily Market Briefing
31 Oct 2022
Contributed by Lukas
Ben and Tom discuss the FED's commentary about disliking the continued growth of the market, due to inflationary concerns. Euro area continues to see ...
October 28, 2022 - Daily Market Briefing
28 Oct 2022
Contributed by Lukas
Ben, Andrew, and Tom discuss this morning’s Bloomberg article squashing the notion that the Fed will pivot from their rate hike strategy, a steadyin...
October 27, 2022 - Daily Market Briefing
27 Oct 2022
Contributed by Lukas
Ben, Andrew, and Tom discuss incoming economic data, the mixed bag these results are for the Fed, the 0.75% rate hike out of the ECB, the joint ventur...
October 26, 2022 - Daily Market Briefing
27 Oct 2022
Contributed by Lukas
Ben and Tom discuss new British PM Rishi Sunak, Meta’s continued struggles with Apple, the Saudi’s desire to drive oil prices higher, some signs o...
October 25, 2022 - Daily Market Briefing
25 Oct 2022
Contributed by Lukas
Andrew, Ben, and Tom discuss the EV car market as GM and other auto manufacturers are seeing positive signs. The housing market continues to take a tu...
October 24, 2022 - Daily Market Briefing
24 Oct 2022
Contributed by Lukas
Ben, Tom, and Andrew discuss sentiment in the market with the potential of a lessened rate hike to 50bps in December, noted in an article by Nick Timi...
October 21, 2022 - Daily Market Briefing
21 Oct 2022
Contributed by Lukas
Andrew and Ben discuss the resignation of Liz Truss, following an incredibly short tenure at the helm of the UK. Her replacement is set to be put in p...
October 20, 2022 - Daily Market Briefing
20 Oct 2022
Contributed by Lukas
Tom and Ben discuss the continued conversations around the Biden administration's release of the final reserves authorized earlier this year. The plan...
October 19, 2022 - Daily Market Briefing
19 Oct 2022
Contributed by Lukas
Ben and Tom discuss the oil announcement to come regarding releases from the SPR as well as the plans to restock the reserves in the future. Earnings ...
October 18, 2022 - Daily Market Briefing
19 Oct 2022
Contributed by Lukas
Ben and Tom discuss the White House planning an SPR announcement as Core CPI continues to be elevated. They plan to release another 10-15 million barr...
October 17, 2022 - Daily Market Briefing
17 Oct 2022
Contributed by Lukas
Ben and Tom discuss Liz Truss firing of UK Chancellor of the Exchequer, Kwasi Kwarteng. China kicks off its five-year Party Congress with Xi Jingping ...
October 14, 2022 - Daily Market Briefing
14 Oct 2022
Contributed by Lukas
Andrew is joined by Ben and Tom via Texas. Ben and Tom share about the conference they've been attending out in Texas. Kroger confirms their offer to ...
October 13, 2022 - Daily Market Briefing
13 Oct 2022
Contributed by Lukas
Andrew discusses the release of CPI numbers, as the market responded quite negatively in real time to the release. CPI numbers only moved 0.4 overall,...
2022 Q3 - Macro Presentation
12 Oct 2022
Contributed by Lukas
Narwhal's presentation on the third quarter of 2022. Discussion of the highs, lows, and plans moving forward for the coming quarter and year.
October 12, 2022 - Daily Market Briefing
12 Oct 2022
Contributed by Lukas
Andrew discusses the market's continued downturn - yesterday had the second lowest closing of the year; 10-year bond closed at the second highest rate...
October 10, 2022 - Daily Market Briefing
12 Oct 2022
Contributed by Lukas
Ben, Tom, and Andrew discuss all that transpired last week, Ukraine getting hit hard with Russian attacks, the Bank of England attempting to support t...
October 7, 2022 - Daily Market Briefing
12 Oct 2022
Contributed by Lukas
Ben, Tom, and Andrew discuss AMD’s profit warning, Credit Suisse plans to buy back bonds, Biden’s executive order surrounding cannabis, and some i...
October 6, 2022 - Daily Market Briefing
06 Oct 2022
Contributed by Lukas
Tom, Ben, and Andrew discuss ISM services data, OPEC+ agreeing to a cut of 2 million barrels per day, Ford continuing to raise prices on the Lightenin...
October 4, 2022 - Daily Market Briefing
04 Oct 2022
Contributed by Lukas
Ben discusses ISM Manufacturing results as numbers continue to push downward as news comes out. It appears that central banks appear to be turning the...
October 3, 2022 - Daily Market Briefing
03 Oct 2022
Contributed by Lukas
Ben rejoins Andrew and Tom to discuss the U-turn by the UK, the reason for the Fed’s emergency meeting, the reduction plan from OPEC+, some concerns...
September 29, 2022 - Daily Market Briefing
29 Sep 2022
Contributed by Lukas
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 ...
September 28, 2022 - Daily Market Briefing
28 Sep 2022
Contributed by Lukas
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...
September 27, 2022 - Daily Market Briefing
27 Sep 2022
Contributed by Lukas
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 unc...
September 14, 2022 - Daily Market Briefing
14 Sep 2022
Contributed by Lukas
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 the...
September 13, 2022 - Daily Market Briefing
13 Sep 2022
Contributed by Lukas
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 ...
September 12, 2022 - Daily Market Briefing
13 Sep 2022
Contributed by Lukas
Tom, Andrew, and Ben discuss the upcoming sentiment on the CPI numbers that will be released on Tuesday. Despite union discussions, Union Pacific was ...
September 9, 2022 - Daily Market Briefing
09 Sep 2022
Contributed by Lukas
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 b...
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...