The Morning Call
8/31/22
The
Market
Technical
Tuesday in the
charts.
https://www.zerohedge.com/markets/bad-good-news-batters-big-tech-bitcoin-black-gold-bonds
More technical analysis.
The significance
of the 200 DMA.
https://theirrelevantinvestor.com/2022/08/30/its-different-this-time/
NASDAQ now below
its 50 DMA.
https://www.zerohedge.com/the-market-ear/cxk3vlkq1r
Global bonds
tumble toward bear market.
Fundamental
Headlines
The
Economy
US
Weekly mortgage applications
declined 3.7% while purchase applications were down 1.8%.
Month to date
retail chain store sales grew at a faster pace than in the prior week.
The June Case
Shiller home price index rose 0.4% versus estimates of +1.3%.
https://www.calculatedriskblog.com/2022/08/comments-on-june-case-shiller-and-fhfa.html
The July jobs opening report (JOLTS) showed
available jobs at 11.2 million versus
expectations of 10.4 million.
https://www.advisorperspectives.com/dshort/updates/2022/08/30/july-job-openings-labor-turnover
The August consumer
confidence index was reported at 103.2 versus predictions of 97.7.
The August ADP
private payroll report showed an increase of 132,000 employed versus
projections of +180,000.
International
The July German unemployment rate was 2.9%, in
line.
July Japanese
retail sales grew 0.8% versus forecasts of +0.5%; July preliminary industrial production
was down 1.8% versus -3.5%; July YoY housing starts were off 5.4% versus -4.1%
July YoY construction orders were up 2.8% versus +11.0%; August consumer confidence
came in at 32.5 versus 31.0.
The August Chinese
manufacturing PMI was 49.4 versus consensus of 49.2; the August nonmanufacturing
PMI was 52.6 versus 52.0; the August composite PMI was 51.7 versus 50.6.
August EU CPI rose
0.5% versus estimates of +0.6%; the YoY core rate was +4.3% versus +4.1%.
Other
Inflation
An early look at August CPI.
https://www.yardeniquicktakes.com/augusts-cpi-likely-to-confirm-inflation-peaking/
Used car market cools.
https://www.zerohedge.com/markets/used-car-market-cools-prices-plunge-year-low
China
China’s largest property developer says the
real estate crisis is not over.
Bottom line
Too soon to buy
the dip.
News on Stocks in Our Portfolios
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