The Morning Call
9/15/22
The
Market
Technical
Wednesday in the
charts.
Don’t fight the
trend.
https://allstarcharts.com/dont-fight-the-trend/
Stay cautious on
gold.
https://www.zerohedge.com/the-market-ear/cgmerk5ybv
Fundamental
Headlines
The
Economy
US
Weekly initial
jobless claims totaled 213,000 versus projections of 226,000.
August retail
sales rose 0.3% versus estimates of 0.0%; ex autos, they fell 0.3% versus
+0.1%.
The September NY
Fed manufacturing index was reported at -1.5 versus expectations of -13.0; the
September Philadelphia Fed manufacturing index was -9.9 versus +2.8.
International
The July EU trade
balance was E-34.0 billion versus consensus of E-26.2 billion,
The August
Japanese trade balance was Y-2817.3 billion versus predictions of Y-2348.2
billion.
August German PPI
came in at +0.1% versus forecasts of -0.7%.
Other
US mortgage rates top 6%.
One measure of consumer confidence showed 5%+
increase in August.
https://morningconsult.com/2022/09/14/consumer-confidence-rose-in-august-breaking-yearlong-slump/
US household incomes were flat for a second
year in a row.
https://www.wsj.com/articles/u-s-incomes-were-flat-last-year-census-figures-show-11663079099
Bottom line
The six horsemen
of a bear market.
Don’t give up on bonds.
https://www.morningstar.com/articles/1113571/are-bond-investors-making-a-mistake-by-bailing-out
News on Stocks in Our Portfolios
What
I am reading today
Some
helpful hints on how to stay safe in a flood (ignore the political commentary).
https://www.nakedcapitalism.com/2022/09/what-should-you-do-during-a-flood-stay-out-of-the-water.html
Thursday morning
humor.
https://ritholtz.com/2022/09/the-first-totally-honest-stock-market-story/
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for Survival’s website (http://investingforsurvival.com/home)
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