The Morning Call
10/27/22
The
Market
Technical
Wednesday in the
charts.
https://www.zerohedge.com/markets/tech-wrecks-bonds-bullion-bitcoin-bid-rate-hike-odds-slide
Stocks bottom
first.
https://theirrelevantinvestor.com/2022/10/25/stocks-bottom-first/
Fed’s favorite
yield curve indicator inverts.
https://www.zerohedge.com/markets/feds-favorite-yield-curve-indicator-inverts-recession-imminent
Fundamental
Headlines
The
Economy
US
Weekly initial jobless claims totaled totaled
217,000 versus estimates of 220,000.
September new home sales fell 10.9% versus
expectations of -13.9%; September building permits were up 1.4%, in
line.
September durable goods orders rose 0.4%
versus projections of +0.6%; ex transportation, they were down 0.5% versus
+0.2%.
Advanced Q3 real consumer spending was up
1.4% versus forecasts of +2.0%; core PCE was +4.5%, in line.
International
November German consumer confidence was reported
at -41.9, in line.
Other
The
Fed
The Fed fever is cooling off.
https://scottgrannis.blogspot.com/2022/10/fed-fever-is-cooling-off.html
ECB hikes rates 75 basis points.
News on Stocks in Our Portfolios
Mastercard
press release (NYSE:MA): Q3 Non-GAAP EPS of $2.68 beats by $0.10.
Revenue
of $5.8B (+16.0% Y/Y) beats by $140M.
T. Rowe
Price press release (NASDAQ:TROW): Q3 Non-GAAP EPS of $1.86
in-line.
Revenue
of $1.59B (-18.5% Y/Y) beats by $60M.
Altria press release (NYSE:MO): Q3 Non-GAAP EPS of $1.28 misses by $0.02.
Revenue
of $5.41B (-2.2% Y/Y) misses by $180M.
What
I am reading today
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