The Morning Call
9/7/22
The
Market
Technical
Tuesday in the
charts.
Fundamental
Headlines
The
Economy
US
Weekly mortgage
applications fell 0.8% while purchase applications were down 0.7%.
Month to date retail
chain store sales grew at a slower pace than in the prior week.
The July trade
balance was -$70.7 billion versus forecasts of -$70.2 billion.
The August
services PMI came in at 43.7 versus consensus of 44.8; the August composite PMI
was 44.6 versus 45.0.
The August ISM nonmanufacturing
Index was 56.9 versus projections of 55.1.
International
The third estimate
of Q2 EU GDP growth was +0.8% versus estimates of +0.6%; the final Q2
employment change was +0.4% versus +0.2%.
The preliminary July
Japanese leading economic indicators were reported at 99.6 versus predictions
of 100.5.
July German
industrial production fell 0.3% versus expectations of -0.5%.
The August Chinese
trade balance was +$79.3 billon versus forecasts of +$92.7 billion.
Other
Update
on the housing market.
https://www.vox.com/policy-and-politics/2022/9/4/23326772/housing-market-mortgage-rate
The
Fed
Fed whisperer hints at 75bp hike in September.
https://www.zerohedge.com/markets/stocks-bonds-dip-wsj-fed-whisperer-hints-75bps-hike-sept
Inflation
The argument for peak inflation.
https://www.aier.org/article/the-inflation-tide-appears-to-be-turning/
OPEC+ agrees to production cuts.
https://www.nytimes.com/2022/09/05/business/opec-plus-meeting.html
Europe unleashes fiscal stimulus tsunami.
Geopolitics
The hit that the Russian economy is taking.
https://econbrowser.com/archives/2022/09/the-hit-to-the-russian-economy-internally-assessed
Russia shuts down Nord Stream pipeline.
https://www.newsweek.com/russia-nord-stream-pipeline-shut-down-energy-ultimatum-peskov-1739893
Bottom line.
The latest from
Morgan Stanley.
The Rule of 20.
The impact of
passive investing.
https://www.ft.com/content/73a6527d-cd59-498e-9923-af5143cbb952
News on Stocks in Our Portfolios
What
I am reading today
Understanding
why colleges went woke.
https://www.campusreform.org/article?id=20090
Belgium is bankrupt.
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