The Morning Call

The Morning Call

 

2/23/22

I was travelling yesterday; so this is brief. 

 

The Market

         

    Technical

 

            Tuesday in the charts.

            https://www.zerohedge.com/markets/putins-pre-amble-ww3-sends-stocks-bonds-lower-gold-crude-higher

 

            Latest breadth measures.

            https://www.zerohedge.com/the-market-ear/cjxop2wbha

 

            Market sentiment has never been worse.

            https://www.zerohedge.com/markets/market-sentiment-has-never-been-worse-and-everyone-hedging-crash

 

    Fundamental

 

       Headlines

 

              The Economy

 

                        US

 

Weekly mortgage applications dropped 13.1% while purchase applications were down 10.1%.

 

Month to date retail chain store sales grew slower than in the prior week.

                                  

The February flash manufacturing OMI was 57.5 versus estimate oof 56.0; the flash services PMI was 56.7 versus 53.0; the flash composite PMI was 56.0 versus 51.9.

 

The February Richmond Fed manufacturing index was 1 versus predictions of 10.

 

                        International

                           

                            January EU CPI was +0.3%, in line.

 

March German consumer confidence came at -8.1 versus expectations of -6.3.

 

                        Other

 

                          The cash cushion.

                          https://blog.evergreengavekal.com/the-us-cash-cushion/

 

    News on Stocks in Our Portfolios

 

 

 

What I am reading today

 

           

 

 

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