The Morning Call
5/8/24
The
Market
Technical
Tuesday in the
charts.
https://www.zerohedge.com/markets/kashkari-consumer-credit-curtail-stock-bond-gains
Goldman buyback
desk ‘very active’ again.
Will the dollar
remain strong?
https://www.ft.com/content/69e846b8-3561-4a45-803c-333d7da3e9e4
Fundamental
Headlines
The
Economy
US
Weekly mortgage
applications were up 2.6% while purchase applications were up 1.8%.
Month to date retail chain store sales grew
faster than in the prior week.
The May business optimism
index came in at 41.8 versus projections of 44.1.
International
March EU retail sales rose 0.8% versus
estimates of +0.6%.
March German
industrial production fell 0.4% versus predictions of -0.6%.
Other
The fiscal impact of low skill immigration.
New home sales improving but not enough to
stop downtrend.
https://politicalcalculations.blogspot.com/2024/05/good-month-for-new-home-sales-not-yet.html
April rail carloads down YoY; intermodal up.
https://www.calculatedriskblog.com/2024/05/aar-rail-carloads-down-yoy-in-april.html
April wholesale used car prices down 14%.
https://www.calculatedriskblog.com/2024/05/wholesale-used-car-prices-declined-in.html
The
Fed
Another vote for less Fed talk.
https://alhambrapartners.com/2024/05/05/weekly-market-pulse-what-did-he-say/?src=news
Inflation
What stage are we in the business cycle?
Recession
Why the economy is so strong?
https://www.apolloacademy.com/why-is-the-economy-still-so-strong-2/
Global economic growth at ten month high.
https://www.pmi.spglobal.com/Public/Home/PressRelease/7a114c7d7f124b99a4935c574aa1e26e
Sahm rule recession indicator.
https://fred.stlouisfed.org/series/SAHMCURRENT
Shocking collapse
of credit card debt growth.
Global
Politics
The great Ukraine train robbery.
https://www.zerohedge.com/geopolitical/great-ukraine-robbery-not-over-yet-ron-paul
Bottom line.
Buffett invests in
T Bills instead of stocks. What does that tell you?
Goldman bearish on
the consumer.
https://www.zerohedge.com/markets/largest-us-trading-desk-getting-bearish-us-consumer
News on Stocks in Our Portfolios
T. Rowe Price (NASDAQ:TROW) declares $1.24/share quarterly dividend, in line with previous.
What
I am reading today
The
worst airline offenders of mishandled bags.
https://jalopnik.com/airlines-mishandled-2-8-million-bags-in-2023-these-wer-1851433926
Visit Investing
for Survival’s website (http://investingforsurvival.com/home)
to learn more about our Investment Strategy, Prices Disciplines and Subscriber
Service.
No comments:
Post a Comment