The Morning Call
11/15/22
The
Market
Technical
Monday in the
charts.
https://www.zerohedge.com/markets/technical-rally-runs-out-gas-despite-dovish-drawl-feds-2
Historically high breadth.
https://www.zerohedge.com/markets/historically-high-breadth-major-shorter-term-boost-sp
What comes next?
https://traderfeed.blogspot.com/2022/11/strong-two-day-rally-what-comes-next.html
More charts from
last week.
https://compoundadvisors.com/2022/week-in-charts-11-11-22
Is King Dollar dead?
https://allstarcharts.com/the-death-of-a-wrecking-ball/
Fundamental
Headlines
The
Economy
US
October consumer
inflation expectations came in at +5.9% versus consensus of +5.3%.
International
September Japanese
industrial production fell 1.7% versus projections of -1.6%; preliminary Q3 GDP
growth was -0.3% versus +0.3%; preliminary Q3 capital expenditures were up 1.5%
versus +2.1%; preliminary Q3 private consumption was up 0.3% versus +0.2%.
September German
PPI was -0.6% versus forecasts of +1.7%; November economic sentiment was -36.7
versus -50.0.
September UK
unemployment rate was 3.6% versus predictions of 3.5%; September average earnings were up 6.0%
versus +5.9%.
The September EU trade
balance was E-34.4 billion versus expectations of E-44.4 billion; the second
estimate of Q3 GDP growth was +0.2% versus +0.3%; November economic sentiment
was -38.7 versus -57.2.
October Chinese
YoY industrial production was up 5.0% versus estimates of +5.2%; October YoY retail
sales fell 0.5% versus +0.1%.
Other
The latest GDP nowcasts.
http://econbrowser.com/archives/2022/11/the-gdp-outlook-nowcast-vs-forecast
China rescues property sector in latest policy
shift.
2023’s economic risks.
More on the 2023 outlook from Morgan Stanley.
Recession
John Mauldin sees recession in our future.
https://www.advisorperspectives.com/commentaries/2022/11/11/recession-thoughts
The
coronavirus
Lockdown zealots are incapable of
introspection.
https://brownstone.org/articles/are-lockdown-zealots-incapable-of-introspection/
Bottom
line
Move over
inflation; here comes the earnings crunch.
https://www.wsj.com/articles/move-over-inflation-here-comes-the-earnings-crunch-11668300124
News on Stocks in Our Portfolios
Genuine
Parts (NYSE:GPC) declares $0.895/share quarterly dividend, in line with previous.
What
I am reading today
The
enduring mystery of the Dragonfly 44 galaxy.
https://www.quantamagazine.org/the-enduring-mystery-of-the-dragonfly-44-galaxy-20221107/
Visit Investing
for Survival’s website (http://investingforsurvival.com/home)
to learn more about our Investment Strategy, Prices Disciplines and Subscriber
Service.
No comments:
Post a Comment