Mislav Matejka, head of strategy at JPM, continues to believe that global equities will make significant new highs before the next US recession strikes:

1) Fed is about to start easing, but without HY spreads or jobless claims spiking, both of which typically deteriorate into a recession. We believe that the US yield curve could stop flattening…[Read more]

1) Draghi’s successor–this may come at an EU Leader’s Summit on 6/30

2) US manufacturing ISM for Jul on Mon 7/1 –the St is modeling a downtick in momentum to 51.2 (vs. 52.1 in May)

3) OPEC meeting 7/1-2–it looks likely the existing OPEC+ production cuts will be rolled over to H2

4) US jobs for June on Fri 7/5–the St is modeling a notable imp…[Read more]

Ads are coming to Instagram Explore as FB follows its core playbook of monetizing already-existing engagement. We see a $1bn+ Explore revenue opportunity by ’21 given Explore’s strong users/engagement/intent. Pace of Explore monetization and incrementality of ad spend are key factors to monitor.

Target to hold ‘Target Deal Days’ sale on July 15 and 16 Target (TGT) announced Target Deal Days, its “biggest sale of the summer, with no membership required to shop thousands of deals.” Target said in a statement that “On July 15 and 16, 2019, guests can enjoy deals on top national and only-at-Target brands across categories like home and…[Read more]

NFLX’s content chief, Ted Sarandos, weighed in on streaming wars, agency production, big tech breakups, M&A outlook, per Deadline

1. On competition: “Nothing that’s on Disney+ is going to be on Netflix and nothing that’s on Netflix is going to be on the . They’re going to be very unique. I think it’s very likely that they’ll add things in order…[Read more]

https://www.marketwatch.com/story/amazon-says-2019-prime-day-event-will-take-place-july-15-and-16-2019-06-25?mod=mw_latestnews