The Morning Call
11/30/22
The
Market
Technical
Tuesday in the
charts.
https://www.zerohedge.com/markets/stocks-bonds-sink-global-yield-curve-inverts-first-time-decades
JP Morgan’s
trading desk sees lower equity prices.
https://www.zerohedge.com/the-market-ear/cadlfkd8ri
Margin debt down
in October.
https://www.advisorperspectives.com/dshort/updates/2022/11/28/margin-debt-down-2-2-in-october
Global yield curve
inverts.
Who is buying all that gold?
Fundamental
Headlines
The
Economy
US
Weekly mortgage applications
fell 0.8% while purchase applications were up 3.8%.
Month to date retail chain store sales grew
faster than in the prior week.
The September Case
Shiller home price index fell 1.5% versus consensus of -0.9%.
https://www.calculatedriskblog.com/2022/11/case-shiller-national-house-price-index.html
The
second estimate of Q3 GDP growth was +2.9% versus forecasts of +2.7%; corporate
profits were down 0.2% versus +3.1%; the PCE price index was +4.3% versus +4.2%;
core PCE index was +4.6% versus +4.5%; real consumer spending was +1.7% versus
+1.4%
November consumer confidence
came in at 100.2 versus projections of
100.0.
The November ADP private
payroll report showed job increases of 127,000
versus estimates of 200,000.
International
Preliminary October
Japanese industrial production was -2.6% versus expectations of -1.5%.
October German
unemployment was 5.6% versus predictions
of 5.5%.
The November
Chinese manufacturing PMI was 48 versus consensus of 49; the nonmanufacturing
PMI was 46.7 versus 49.0.
The flash November
EU CPI was -0.1% versus forecasts of +0.2%.
Other
The
Fed
Profligacy in lockstep.
https://lawliberty.org/profligacy-in-lockstep/
Fed Williams says inflation fight could last until
2024.
Fiscal Policy
What happened
to all the Ukrainian aid?
https://www.zerohedge.com/political/rand-paul-calls-out-complete-lack-oversight-ukraine-aid
Bottom line
Beware of the
bear.
https://www.zerohedge.com/markets/next-secular-bear-market-may-be-upon-us
Time to look
overseas?
https://alhambrapartners.com/2022/11/28/weekly-market-pulse-currency-illusion/
An interview with
three well known money managers.
News on Stocks in Our Portfolios
What
I am reading today
For you music lovers.
https://www.zerohedge.com/technology/heres-every-song-over-1-billion-spotify-streams
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