The Morning Call
4/22/22
The
Market
Technical
Thursday in the charts.
https://www.zerohedge.com/markets/stocks-bonds-bloodbath-fed-drops-hawkish-hammer
Still a bear
market rally or is the bull back?
Technical problems
for the NASDAQ.
https://www.zerohedge.com/the-market-ear/c2xoxofmkr
Ditto for the
S&P.
https://www.zerohedge.com/markets/beneath-surface-its-mess-sp-500-rejects-key-technical-level
Bonds and the Fed
are still behind the curve.
http://scottgrannis.blogspot.com/2022/04/bonds-and-fed-are-still-way-behind-curve.html
Some think bonds
are attractive at these levels.
https://www.ft.com/content/dfc6bb72-7995-4feb-a5b5-0ee1d14433ca
Fundamental
Headlines
The
Economy
US
The March leading economic indicators were up
0.3%, in line.
International
March Japanese CPI
was +0.4% versus projections of +0.6%; the April flash manufacturing PMI was
53.4 versus 53.0; the flash services PMI was 50.5 versus 49.0; the flash
composite PMI was 50.9 versus 48.6.
March UK retail
sales fell 1.4% versus expectations of -0.3%; ex fuel, they were down 1.1%
versus +0.4%. April consumer confidence was -38 versus expectations of -33; the
April flash manufacturing PMI was 55.3 versus 54.7; the flash services PMI was
58.3 versus 60.0; the flash composite PMI was 55.8 versus 53.0.
The April German flash
manufacturing PMI was 54.1 versus consensus of 54.5; the flash services PMI was
57.9 versus 55.5; the flash composite PMI was 54.5 versus 54.1.
April EU flash
consumer confidence came in at -16.9 versus estimates of -20; the April flash manufacturing
PMI was 55.3 versus 54.7; the flash services PMI was 57.5 versus 55.0; the flash
composite was 55.8 versus 53.9.
Other
How
severe is China’s economic slowdown?
https://www.capitalspectator.com/how-severe-is-chinas-economic-slowdown/#more-17848
The
Fed
Zero to neutral in nine months is a major
pivot for the Fed.
Inflation
Why inflation will get worse from here.
https://americanconsequences.com/dr-david-eifrig-why-inflation-will-get-worse-from-here/
Interest rates and inflation are set to go
higher.
https://www.advisorperspectives.com/commentaries/2022/04/21/hear-me-out
Geopolitics
More analysis of the Russia/Ukraine conflict.
News on Stocks in Our Portfolios
Genuine Parts press
release (NYSE:GPC):
Q1 Non-GAAP EPS of $1.86 beats by $0.18.
Revenue of $5.3B (+18.6% Y/Y) beats by $220M.
What
I am reading today
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