The Morning Call
6/24/22
The
Market
Technical
Thursday in the
charts.
https://www.zerohedge.com/markets/stocks-bonds-surge-recession-fears-tank-rate-hike-odds
Update on margin
debt.
https://www.zerohedge.com/the-market-ear/cfx5loubrb
Fundamental
Headlines
The
Economy
US
The June flash
manufacturing PMI came in at 52.4 versus forecasts of 56.0; the flash services
PMI was 51.6 versus 53.5; the flash composite PMI was 51.2 versus 52.8. Causing the Markets extreme anxiety:
https://www.zerohedge.com/markets/bonds-gold-bid-pmis-send-rate-hike-odds-plunging
The June Kansas
City Fed manufacturing index was 12 versus predictions of 24.
International
May Japanese CPI was +0.2% versus estimates of
+0.3%.
May UK retail
sales fell 0.5% versus expectations of -0.7%; ex fuel they were down 0.7%
versus -1.0%; June consumer confidence was -41 versus -40.
The June German
business climate index was reported at 92.3 versus consensus of 92.9.
Other
This housing market is nothing like 2007.
https://www.cnbc.com/2022/06/20/heres-why-this-housing-downturn-is-nothing-like-the-last-one.html
Three reasons why the gas tax holiday is a
bad idea.
https://gregmankiw.blogspot.com/2022/06/three-reasons-why-gas-tax-holiday-is.html
Banks easily pass this year’s stress test.
https://www.zerohedge.com/markets/all-33-banks-pass-fed-stress-test-setting-stage-billions-buybacks
Inflation
May advanced countries headline inflation rate.
https://econbrowser.com/archives/2022/06/advanced-country-headline-inflation-rates-may-2022
Peak inflation
watch.
https://www.capitalspectator.com/peak-inflation-watch-23-june-2022/#more-18225
Recession
NFIB signals that a recession is coming.
https://www.advisorperspectives.com/commentaries/2022/06/23/nfib-signals-a-recession-is-coming-again
But Powell says that he won’t chicken out.
The markets say he will.
https://www.zerohedge.com/markets/powell-greyskull
More on what the markets think.
https://www.zerohedge.com/markets/rate-hikes-end-year-following-3-rate-cuts-qe
This analyst is predicting a profits
recession.
https://www.zerohedge.com/markets/profit-recession-brewing-thatll-be-worst-50-years
Bottom line
Buying the dip.
https://onveston.substack.com/p/buy-the-dip-is-not-a-strategy
Three reasons that
it is so bad that it is good.
https://lplresearch.com/2022/06/22/3-reasons-it-is-so-bad-it-is-good/
News on Stocks in Our Portfolios
Kroger (NYSE:KR) declares $0.26/share quarterly dividend, 23.8% increase from prior
dividend of $0.21.
FedEx press release (NYSE:FDX): FQ4 Non-GAAP EPS of $6.87 misses by $0.01.
Revenue
of $24.4B (+8.0% Y/Y) misses by $160M.
AbbVie (NYSE:ABBV) declares $1.41/share quarterly dividend, in line with previous.
What
I am reading today
The
international fight over a 300 year old treasure laden Spanish galleon.
/
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