The Morning Call
10/12/22
The
Market
Technical
Tuesday in the charts
https://www.zerohedge.com/markets/bank-england-global-markets-you-have-3-days-sell-all-things
The VIX is in
panic mode.
https://www.zerohedge.com/the-market-ear/hellopanic
Fundamental
Headlines
The
Economy
US
Weekly mortgage applications
declined 2.0% while purchase applications were down 2.1%.
Month to date
retail chain store sales grew at a slower pace than in the prior week.
September PPI came
in at +0.4% versus forecasts of +0.2%; core PPI was +0.3%, in line.
International
August Japanese machinery orders fell 5.8%
versus expectations of -2.3%.
The August UK GDP shrunk
by 0.3% versus consensus of 0.0%; the August
trade balance was L-7.0 billion versus L-8.4 billion; August industrial production
was down 1.9% versus -0.2%.
August EU industrial
production rose 1.5% versus estimate of +0.6%.
Other
The economy is starting to go through the windshield.
The
Fed
The Fed sends money to the Bank of Switzerland
as dollar wreaks havoc.
The Bank of England’s high risk game of chicken.
https://www.zerohedge.com/markets/real-driver-behind-boes-high-risk-game-chicken-markets
News on Stocks in Our Portfolios
Cummins (NYSE:CMI) declares $1.57/share quarterly dividend, in line with previous
What
I am reading today
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