U.S. markets closed
  • S&P Futures

    3,655.25
    -5.75 (-0.16%)
     
  • Dow Futures

    29,157.00
    -46.00 (-0.16%)
     
  • Nasdaq Futures

    11,313.50
    -20.25 (-0.18%)
     
  • Russell 2000 Futures

    1,666.30
    -2.10 (-0.13%)
     
  • Crude Oil

    77.81
    -0.69 (-0.88%)
     
  • Gold

    1,632.20
    -4.00 (-0.24%)
     
  • Silver

    18.28
    -0.06 (-0.31%)
     
  • EUR/USD

    0.9563
    -0.0035 (-0.36%)
     
  • 10-Yr Bond

    3.9640
    +0.0860 (+2.22%)
     
  • Vix

    32.60
    +0.34 (+1.05%)
     
  • GBP/USD

    1.0674
    -0.0057 (-0.53%)
     
  • USD/JPY

    144.7700
    -0.0210 (-0.01%)
     
  • BTC-USD

    19,002.93
    -774.19 (-3.91%)
     
  • CMC Crypto 200

    436.42
    -22.72 (-4.95%)
     
  • FTSE 100

    6,984.59
    -36.36 (-0.52%)
     
  • Nikkei 225

    26,332.44
    -239.43 (-0.90%)
     

What Else Can Be Priced In?

FedEx withdrew forward earnings guidance and CEO Raj Subramaniam warned of a “worldwide recession” on Friday, sounding another “risk off” signal and sending all three major U.S. indexes to declines of at least 1% two hours ahead of Friday’s close. Warren Pies, the founder of 3Fourteen Research, joins Maggie Lake for today’s Daily Briefing to talk about how a “worldwide recession” would impact particular asset classes, with an emphasis on energy. Warren explains the structural factors that make high-quality names related to crude oil and natural gas potential outperformers – even in an environment of “dramatic disinflation.” We also have a preview of an upcoming My Life in 4 Trades podcast featuring Bill Browder, who talks about Vladimir Putin, what comes next in the Russia-Ukraine conflict, and why it’s going to go on for some time longer. We also want to hear from you – please share your questions in the chat!