The Morning Call
2/15/23
The
Market
Technical
Tuesday in the
charts.
https://www.zerohedge.com/markets/big-tech-bounce-no-love-bonds-cpi-wrecks-dreams-fed-pivot
Sentiment indicators
now show more bulls than bears.
https://allstarcharts.com/not-euphoria-2023/
The correction may
have already started.
https://www.zerohedge.com/markets/correction-may-have-started-will-bulls-remain-control
Higher rates are
starting to trump FOMO.
https://www.zerohedge.com/the-market-ear/trillions-selling-jomo-trumps-fomo
Gold breaking
below 50 DMA.
https://www.zerohedge.com/the-market-ear/gold-breaking-below-50-day-moving-average
Fundamental
Headlines
The
Economy
US
Weekly mortgage
applications fell 7.7% while purchase applications were down 5.5%.
January retail sales
were up 3.0% versus estimates of +1.8%; ex autos, they were up 2.6% versus
+0.4%.
https://www.zerohedge.com/personal-finance/us-nominal-retail-sales-soared-january
The February NY
Fed manufacturing index came in at -5.8 versus consensus of -18.
International
December EU industrial
production was down 1.1% versus
predictions of -0.8%; the December trade balance was E-8.8 billion versus
E-12.5 billion.
January UK CPI was
-0.6% versus forecasts of -0.4%; core CPI was -0.9% versus -0.5%.
Other
Prices are still going up and consumers are
still spending.
Fiscal
Policy
The rachet effect in federal government
spending.
https://www.aier.org/article/will-federal-spending-be-brought-under-control/
Recession
Can we really avoid a recession?
https://alhambrapartners.com/2023/02/12/weekly-market-pulse-look-up-in-the-sky-its-a-ufo-or-not/
The
Chinese Balloon
The Chinese balloon was a ‘Sputnik’ moment.
https://www.commentary.org/noah-rothman/the-balloon-really-was-a-sputnik-moment/
Bottom line
Knowing what you don’t
know.
https://ritholtz.com/2023/02/alien-invasion/
News on Stocks in Our Portfolios
Mastercard (NYSE:MA) declares $0.57/share quarterly dividend,
in line with previous.
|
What
I am reading today
The
18 best live sports experiences on earth.
https://www.gq.com/story/18-best-live-sports-events
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for Survival’s website (http://investingforsurvival.com/home)
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