Tuesday, July 12, 2022

The Morning Call--Peak inflation?

 

The Morning Call

 

7/12/22

 

 

 

 

The Market

         

    Technical

 

            Monday in the charts.

            https://www.zerohedge.com/markets/labor-market-reality-check-sends-stocks-bond-yields-tumbling

 

            Is the mother of all consensus trades running out of steam?

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

 

    Fundamental

 

       Headlines

 

              The Economy

 

                        US

                           

The June small business optimism index was reported at 89.5 versus expectations of 92.8.

 

                        International

 

                          June Japanese PPI came in at +0.7% versus estimates of +0.5%.

 

The July EU economic sentiment index was -53.8 versus forecasts of -38.3; the July German economic sentiment index was -45.8 versus -34.5.

 

                        Other

 

                          Last week in the economic charts.

                          https://compoundadvisors.com/2022/7-chart-saturday-7-8-22

 

                          Update on five high frequency economic indicators.

                          https://www.calculatedriskblog.com/2022/07/five-high-frequency-indicators-for_11.html

 

            Inflation

 

              Gasoline prices continue to fall.

              https://econbrowser.com/archives/2022/07/gasoline-prices-continue-to-fall

 

              Corn prices soar as heat wave continues.

              https://www.zerohedge.com/commodities/corn-prices-soar-heat-could-damage-yields

 

              Peak inflation?

              https://www.zerohedge.com/economics/one-bank-warns-brace-huge-cpi-surge-its-all-downhill-there

 

            Recession

 

              Don’t believe the recession forecasts.

              https://evergreengavekal.com/dont-believe-theus-recession-forecasts/

 

              Will Q1 GDP be revised up?

              https://econbrowser.com/archives/2022/07/why-i-suspect-q1-gdp-will-eventually-be-revised-up

 

              Housing market is cratering.

              https://www.zerohedge.com/markets/recession-looking-depression-housing-market-craters-sales-get-canceled-highest-rate-record

 

            China

 

              China’s economy stumbles in the fog of the Covid war.

              https://www.nytimes.com/2022/07/11/business/china-economy-covid.html

 

     Bottom line

 

            The consequences of a 2% return (must read).

            https://www.advisorperspectives.com/commentaries/2022/07/08/john-bull-and-two-percent

 

    News on Stocks in Our Portfolios

 

 

 

What I am reading today

 

           

 

 

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