The Morning Call
3/24/23
The
Market
Technical
I was moving yesterday,
so not much today. However, on the technical
side, despite the hammering that stocks took, the S&P still managed to hold
its 200 DMA. That means that if it closes
above that DMA today, the 200 DMA will reset to support---which would clearly
be a plus for the Market.
Wednesday in the
charts.
https://www.zerohedge.com/markets/fomc-6
Will gold shine
again?
https://www.zerohedge.com/the-market-ear/gold-sometimes-it-shines
Fundamental
Headlines
The
Economy
US
Weekly initial jobless claims totaled 191,000
versus estimates of 197,000.
The Chicago
national activity index came in at -.19 versus consensus of +.26.
International
Other
The
Banking System
If you missed the
fundamental cause of the sell off, send a (nother) Thank You card to Janet Yellen
https://www.zerohedge.com/markets/bill-ackman-blames-janet-yellen-restarting-bank-run
Here is the most likely cause for the problem
to contine.
Geopolitics
Why hypersonic weapons change everything
(must read)
https://www.zerohedge.com/geopolitical/why-hypersonic-weapons-change-everything
News on Stocks in Our Portfolios
What
I am reading today
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