The Morning Call
9/16/22
The
Market
Thursday in the
charts.
https://www.zerohedge.com/markets/i-love-smell-liquidation-morning
QT adds to strain
on bond market.
https://www.ft.com/content/70e43592-30d0-4348-916b-673910ad7726
Fundamental
Headlines
The
Economy
US
August industrial production fell 0.2% versus expectations
of +0.1%.
https://www.calculatedriskblog.com/2022/09/industrial-production-decreased-02.html
International
August Chinese YoY
industrial production was up 4.2% versus estimates of +3.8%; August YoY retail
sales were up 5.4% versus +3.5%; August unemployment rates was 5.3% versus 5.4%.
August UK retail
sales fell 1.6% versus predictions of -0.5%; ex fuel, they were down 1.6%
versus -0.7%.
August EU CPI was
+0.6% versus consensus of +0.5%.
Other
Ten charts on the economy.
https://compoundadvisors.com/2022/10-chart-thursday-9-15-22
Atlanta Fed slashes Q3 GDP nowcast.
The
Fed
Deutschebank thinks that the Fed Funds rate
needs to rise to 5%.
https://www.zerohedge.com/markets/landing-terminal-5
Inflation
Ray Dalio on inflation and economic growth.
https://www.linkedin.com/pulse/starts-inflation-ray-dalio/
New inflation developments are rattling the
markets and economists.
https://www.nytimes.com/2022/09/15/business/economy/inflation-markets-economy.html
Scott Grannis thinks inflation is cooling.
https://scottgrannis.blogspot.com/2022/09/inflation-pressures-are-in-fact-cooling.html
CPI tends to overstate inflation.
https://www.yardeniquicktakes.com/cpi-tends-to-overstate-inflation-relative-to-pced/
Businesses inflation expectations are declining
according to Atlanta Fed survey.
https://www.atlantafed.org/research/inflationproject/bie
Recession
Recession signals abound.
The economy is braking hard.
FedEx CEO warns that the numbers don’t portend
well.
https://www.zerohedge.com/markets/fedex-plunges-2-year-lows-after-withdrawing-earnings-guidance
Geopolitics
Ukraine with a whimper of a bang?
Speculation on
what Russia does next.
https://www.nakedcapitalism.com/2022/09/speculation-over-what-russia-does-next.html
Bottom line
Buy stocks that
pay you back.
https://www.cnn.com/2022/09/14/investing/stocks-dividends-yield-income/index.html
A perspective on
secular bull and bear markets.
News on Stocks in Our Portfolios
Williams-Sonoma (NYSE:WSM) declares $0.78/share quarterly dividend, in line with previous.
Kroger (NYSE:KR) declares $0.26/share quarterly dividend, in line with previous.
What
I am reading today
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