Thursday, November 10, 2022

The Morning Call---CPI comes in light

 

The Morning Call

 

11/10/22

 

 

The Market

         

    Technical

           

            Wednesday in the charts.

            https://www.zerohedge.com/markets/meh-midterms-ftx-fiasco-spark-red-wave-across-stocks-crypto

 

                New concerns about falling Treasuries demand.

            https://www.aier.org/article/a-new-concern-falling-us-treasury-demand/

 

            3/10 yield curve stays negative.

            https://www.capitalspectator.com/macro-briefing-10-november-2022/

 

    Fundamental

 

       Headlines

 

                        US

 

  Weekly initial jobless claims totaled 225,000 versus    expectations    of  220,000.

 

   October CPI came in at +0.4% versus consensus of +0.6%; core CPI was    +0.3% versus +0.5%.

                           https://www.zerohedge.com/personal-finance/core-cpi-inches-lower-40-year-highs-real-wages-tumble-19th-straight-month

 

                        International

 

September Chinese YoY vehicle sales were up 6.9% versus forecasts of up 18.0%.

 

October Japanese YoY machine tool orders fell 5.4% versus estimates of up 1.2%.

 

                        Other

 

                          October per capita vehicle sales.

                          https://www.advisorperspectives.com/dshort/updates/2022/11/08/vehicle-sales-per-capita-as-of-october-2022

 

            The Fed

 

              Some investors betting Fed could raise rates to two decades high.

              https://www.wsj.com/articles/some-investors-bet-fed-could-lift-rates-to-two-decade-high-11667945255?mod=hp_lead_pos5

 

            Inflation

 

              David Stockman makes the case for stagflation.

              https://brownstone.org/articles/the-post-lockdown-labor-market-weak-and-worsening/

 

              Energy bills in Europe soar.

              https://www.zerohedge.com/energy/energy-bills-europe-are-90-higher-last-year

 

            Fiscal Policy

 

              Europe doubles down on government spending.

              https://www.wsj.com/articles/europe-doubles-down-on-big-government-11667984528

 

     Bottomline

 

            Ten steps for surviving a bear market.

            https://wealthfoundme.com/season-22-episode-10-survivors-manual/

           

    News on Stocks in Our Portfolios

 

BlackRock (NYSE:BLK) declares $4.88/share quarterly dividend, in line with previous.

What I am reading today

 

           

 

 

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