The Morning Call---A short term bounce or change in trend?

 

The Morning Call

 

9/9/22

 

 

The Market

         

    Technical

 

            Thursday in the charts

            https://www.zerohedge.com/markets/negative-delta-squeeze-sustains-stocks-hawknado-hammers-rates-higher

 

            Update on the bull bear ratio

            https://www.yardeniquicktakes.com/bull-bear-ratio-drops-back-to-1-0/

 

            More reasons for a short term bounce.

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

           

    Fundamental

 

       Headlines

 

              The Economy

 

                        US

 

July consumer credit grew by $23.8 billion versus predictions of +$33 billion.

                          https://www.zerohedge.com/markets/consumer-credit-unexpectedly-slows-new-auto-loans-stumble-soaring-rates

 

                        International

 

August Chinese CPI was -0.1% versus forecasts of +0.2%; August YoY PPI was +2.3% versus +3.1%.

 

                        Other

           

                          The latest FDIC reports shows banking system remains sound.

                          https://www.calculatedriskblog.com/2022/09/fdic-problem-banks-unchanged.html

 

            Fiscal Policy

 

              Cancelling student debt is wrong policy.

              https://townhall.com/columnists/calebthompson/2022/08/26/you-dont-need-a-college-degree-to-know-canceling-student-debt-is-wrong-n2612258

 

              Waiting for Net Zero.

              https://www.adamsmith.org/blog/just-wait-until-those-future-net-zero-pledges-come-in

           

            The Fed

 

              The fakery of fighting inflation.

              https://betonit.substack.com/p/fighting-inflation

           

              Goldman lifts forecast for Fed rate hikes.

              https://www.bloomberg.com/news/articles/2022-09-08/goldman-lifts-forecasts-for-fed-hikes-in-september-and-november?sref=loFkkPMQ

           

Inflation

 

              Wholesale used vehicle prices fell substantially in August.

              https://www.calculatedriskblog.com/2022/09/wholesale-used-vehicle-prices-decline.html

               

            Geopolitics

 

              The optimistic take on Europe’s energy problem.

              https://www.nytimes.com/2022/09/07/world/europe/eu-russia-putin-gas.html

 

              JP Morgan expects another one million b/d cut from OPEC+.

              https://www.zerohedge.com/markets/jpmorgan-expects-opec-cut-another-1-million-bd-output-biden-mulls-more-spr-releases

 

    News on Stocks in Our Portfolios

 

 

What I am reading today

 

           

                        We waste too much time forecasting.

            https://www.collaborativefund.com/blog/good-enough/

           

Greenpeace co-founder says climate change is based on a false narrative (must read).

            https://www.zerohedge.com/markets/greenpeace-co-founder-patrick-moore-says-climate-change-based-false-narratives

 

              

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