2/9/23
The Market
Technical
Wednesday in the charts.
https://www.zerohedge.com/markets/stocks-slammed-rate-hike-odds-rise
What investors are now discounting.
https://www.zerohedge.com/the-market-ear/no-recession-and-minor-bear-market
Key technical levels for the dollar.
https://allstarcharts.com/big-levels-ahead-for-king-dollar/
Strong dollar continues to rattle US
multinational corporate earnings.
Junk bond spreads versus US
Treasuries continue to narrow.
https://www.ft.com/content/15224baf-3b3f-424a-9517-1dca98020f68
Fundamental
Headlines
The Economy
US
Weekly initial jobless claims totaled 196,000
versus estimates of 190,000.
International
January Japanese YoY machine tool orders fell
9.7% versus predictions of +0.5%.
January German preliminary CPI was +1.0%
versus consensus of +0.8%.
Other
In search of de-globalization.
https://www.cato.org/blog/checking-death-globalizationtm
Median new home prices versus median household
income.
https://politicalcalculations.blogspot.com/2023/02/the-bigger-picture-for-housing.html#.Y-PqlXbMKUk
No consensus in
current Q1 nowcasts.
https://www.capitalspectator.com/early-us-gdp-nowcasts-for-q1-are-wide-ranging/
Recession
Half
of Americans say that they are worse off than in 2009.
Shipping
behemoth sees global trade contracting in 2023
The Chinese Balloon
Another
layered scandal.
https://www.zerohedge.com/political/china-balloon-layered-scandal
Bottom line
Review of earnings season to date.
News on Stocks in Our Portfolios
What I am reading today
Quote
of the day.
https://cafehayek.com/2023/02/quotation-of-the-day-4171.html
Nordstream sabotage was CIA.
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