The Morning Call
11/16/22
The
Market
Technical
Tuesday in the
charts.
https://www.zerohedge.com/markets/spoos-shake-rollercoaster-session-article-5-panic-close-above-4000
Bullish indicator
supports rally narrative (the author may be a bit too optimistic, but this is
still a positive sign).
Pay attention to
gold and silver.
https://allstarcharts.com/dust-your-rocks-off/
Headlines
The
Economy
US
Weekly mortgage
applications rose 2.7% while purchase applications were up 4.4%.
Month to date retail chain store sales grew
slower than in the prior week.
October PPI was reported at +0.2% versus estimates
of +0.4%.
October retail
sales were up 1.3% versus predictions of +1.0%; ex autos, they were up
1.3% versus +0.4%.
https://www.zerohedge.com/personal-finance/us-retail-sales-soar-october-gasoline-sales-spike
The November NY
Fed manufacturing index came in at +4.5 versus expectations of -5.0.
International
September Japanese
machinery orders declined 4.6% versus consensus of +0.7%.
October UK CPI was
+2.0% versus forecasts of +1.7%; core CPI was +0.7% versus +0.6%.
Other
Expect anything.
https://alhambrapartners.com/2022/11/14/weekly-market-pulse-good-news-bad-news/
Economists think
inflation will run hotter in 2023 and the economy will run cooler.
Bottom line
Guggenheim thinks bonds
are getting attractive.
https://www.advisorperspectives.com/commentaries/2022/11/15/fixed-income-sector-views
Morningstar thinks
muni bonds look attractive.
https://www.morningstar.com/articles/1125051/why-municipal-bond-funds-are-worth-a-look
News on Stocks in Our Portfolios
Nike (NYSE:NKE) declares $0.34/share quarterly dividend, 11.5% increase from prior
dividend of $0.30.
What
I am reading today
Cognitive
biases.
https://ritholtz.com/2022/11/six-degrees-of-separation/
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for Survival’s website (http://investingforsurvival.com/home)
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