Thursday, January 12, 2023

The Morning Call---Looking for risk on signals

 

The Morning Call

 

1/12/23

 

The Market

         

    Technical

 

Wednesday in the charts.

https://www.zerohedge.com/markets/stocks-bonds-rally-yield-curve-inversion-deepens-ahead-most-important-cpi-print-ever

 

            A good start to 2023, so far.

            https://allstarcharts.com/23-strong/

 

            Looking for risk-on signals.

            https://www.capitalspectator.com/looking-for-risk-on-signals/

 

            Insiders on buying strike.

            https://www.zerohedge.com/markets/corporate-insiders-embark-buyers-strike

 

            Gold prices surge.

            https://www.ft.com/content/0cfdf85b-83b8-4737-a66e-72b90218af30

 

            Barry Ritholtz on gold.

            https://ritholtz.com/2023/01/millenial-gold/

 

    Fundamental

 

       Headlines

 

              The Economy

 

                        US

 

Weekly initial jobless claims totaled 205,000 versus expectations of 215,000.

 

December CPI fell 0.1% versus estimates of being flat.

 

                        International

 

                          December Chinese vehicle sales fell 8.4% versus consensus of -5.0%.

 

                        Other

 

                          Oil and gas are back and booming.

                          https://www.wsj.com/articles/oil-and-gas-are-back-and-booming-11673363006?mod=business_lead_pos5

 

                          World Bank cuts 2023 global growth forecast.

                          https://www.wsj.com/articles/world-bank-cuts-2023-global-growth-projection-as-inflation-persists-11673356337?mod=economy_lead_pos1

 

                          A country can’t save both its currency and its bonds.

                          https://www.zerohedge.com/personal-finance/country-cant-save-both-its-currency-and-its-bonds

 

            Inflation

 

              New home affordability continues to decline

              https://politicalcalculations.blogspot.com/2023/01/us-new-homes-stay-out-of-affordable.html#.Y77YYHbMKUk

 

    News on Stocks in Our Portfolios

 

Automatic Data Processing (NASDAQ:ADP) declares $1.25/share quarterly dividend, in line with previous

 

What I am reading today

 

           

 

 

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