The Morning Call---Monetary and fiscal policies are not in sync

 

The Morning Call

 

11/9/22

         

    Technical

 

            Tuesday in the charts.

            https://www.zerohedge.com/markets/crypto-carnage-contagion-slams-stocks-bonds-bullion-surge-dollar-bulls-purge

 

Where next?

https://www.zerohedge.com/the-market-ear/c0wd4oy0jx

 

Buybacks are back.

https://www.zerohedge.com/the-market-ear/csvozgmx

 

            Strange things are occurring in the volatility indices.

            https://www.zerohedge.com/markets/strange-things-are-afoot-vol-world-vixs-nasdaq-cousin-sends-ominous-signal

 

            When is the best time of day to trade an ETF.

            https://www.wsj.com/articles/etf-best-time-buy-11667510277?reflink=desktopwebshare_permalink

 

            Japan’s waning appetite for Treasuries.

            https://www.wsj.com/articles/japans-waning-appetite-for-treasurys-fuels-anxiety-on-wall-street-11667879544

 

            A bottom in gold?

            https://www.zerohedge.com/the-market-ear/ctp6sxtl0g

 

    Fundamental

 

       Headlines

 

              The Economy

 

                        US

 

Weekly mortgage applications fell 0.1% while purchase applications were up 1.3%.

 

Month to date retail chain store sales grew less rapidly than in the prior week.

 

                        International

 

                          October Chinese CPI was +0.1% versus estimates of +0.3%.

 

                        Other

 

                          US imports from China plummet in September.

                          https://politicalcalculations.blogspot.com/2022/11/us-imports-from-china-plummet-in.html#.Y2qE6XbMKUk

                        

                           Europe’s energy crunch will trigger shortages in developing countries.

   https://www.bloomberg.com/news/articles/2022-11-08/eu-energy-crisis-sparked-by-ukraine-war-to-create-blackouts-in-poor-   countries?srnd=premium&sref=loFkkPMQ

 

 

 

 

            The Fed

 

              The many ways that the Fed could be wrong.

              https://ritholtz.com/2022/11/the-many-ways-the-fomc-can-be-wrong/

 

              Monetary and fiscal policies are not in sync (must read).

              https://www.zerohedge.com/markets/left-hand-not-talking-right-hand-quantitative-tightening-federal-government-spending

 

            Inflation

 

              Framing lumber prices close to per-pandemic levels.

              https://www.calculatedriskblog.com/2022/11/update-framing-lumber-prices-close-to.html

 

            Recession

 

              FedEx parking planes.

              https://www.zerohedge.com/markets/fedex-parks-planes-maersk-cancels-sails-world-trade-appears-be-rapidly-deteriorating

 

     Bottom line

 

            It is always different this time.

            https://alhambrapartners.com/2022/11/06/weekly-market-pulse-its-always-different-this-time/

 

            An analysis that will please the bulls.

            https://investorplace.com/hypergrowthinvesting/2022/11/3-charts-prove-why-now-is-the-time-to-buy-stocks/

 

            Is gridlock good for the Market?

            https://www.yardeniquicktakes.com/is-gridlock-in-washington-bullish/

 

            Hedge funds shop for bargains in the corporate debt market.

            https://www.ft.com/content/fd75515d-8fb2-4c7e-b03d-f7a3bdc4f3bf

 

    News on Stocks in Our Portfolios

 

3M (NYSE:MMM) declares $1.49/share quarterly dividend, in line with previous.

 

What I am reading today

 

           

                        Top US military commander warns that our capabilities are falling behind.

            https://www.zerohedge.com/political/big-one-coming-top-us-military-commander-warns-american-capabilities-sinking

 

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