The Morning Call
5/25/23
The
Market
Technical
Wednesday in the charts.
https://www.zerohedge.com/markets/debt-ceiling-doubts-skyrocket-everything-sold
Funds flow has
changed dramatically.
On the other
hand---
https://www.zerohedge.com/the-market-ear/3-charts-we-are-watching-finally-fomo
Are the dollar and
interest rates headed higher?
https://allstarcharts.com/will-the-usd-jpy-breakout-refresh-last-years-woes/
More room for
dollar strength.
Fundamental
Headlines
The
Economy
US
Weekly initial jobless claims totaled 229,000,
versus projections of 245,000.
The Q1 2nd estimate of GDP growth was
+1.3% versus consensus of +1.1%; corporate profits were -6.8% versus -0.9%; the
price index was +4.2% versus +4.0%; the core price index was +5.0% versus
+4.9%.
The April Chicago national
activity index came in at +0.07 versus forecasts of +0.2
International
Q1 German final GDP
growth was -0.3% versus estimates of 0.0%; June consumer confidence was -24.2
versus -24.0.
Other
The
Fed
This fund manager thinks that the markets are
wrong about the Fed.
And he is not the only one.
https://www.ft.com/content/002edc0f-44be-43c5-9b52-99e1ae234a6b
The minutes from
the last FOMC meeting were released.
Despite a slightly more dovish tone, the Market wasn’t happy.
Fiscal
Policy
The pause in student loan repayments led borrowers
to take on more debt.
Recession
Still few signs of recession.
The
Debt Ceiling
Thoughts on the X date.
https://econbrowser.com/archives/2023/05/x-date-estimate-june-5-or-so
News on Stocks in Our Portfolios
BlackRock (NYSE:BLK) declares $5.00/share quarterly dividend, in line with previous.
What
I am reading today
How
new rules turned back the clock on baseball.
https://www.nytimes.com/interactive/2023/05/24/upshot/up-baseball-metrics.html
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