The Morning Call
8/22/23
The
Market
Technical
Monday in the
charts.
https://www.zerohedge.com/markets/soaring-tech-stocks-shrug-sky-rocketing-treasury-yields-now
Three more charts.
https://www.zerohedge.com/the-market-ear/3-random-charts-we-are-watching
July margin debt
up 4.2%.
https://www.advisorperspectives.com/dshort/updates/2023/08/21/margin-debt-up-july-2023
Surge in zero-day
options sparking fear of increased volatility
https://www.ft.com/content/7799af5a-f62d-4905-8f88-8aa53e205e47
Treasury yields
surge to 16 year high.
Fundamental
Headlines
The
Economy
US
Month to date
retail chain store sales rose dramatically from the prior week.
International
Other
Update on weekly leading
economic indicator.
China
China’s Japanification.
https://www.ft.com/content/52c805d5-c759-46cc-a0fe-2de2f2d71850
China’s central bank makes smaller than
expected reduction in key interest rate.
https://www.nytimes.com/2023/08/21/business/china-central-bank-rate-cut.html
Why Xi
Jinping is letting the Chinese economy flail.
Can he deal with
the consequences?
https://www.nytimes.com/2023/08/20/business/china-property-crisis-country-garden.html
Recession
Vehicle miles driven increased in June.
https://www.calculatedriskblog.com/2023/08/dot-vehicle-miles-driven-increased-28.html
Bottom line.
The folly of
forecasts.
https://ritholtz.com/2023/08/folly-of-forecasts-big-short-edition/
News on Stocks in Our Portfolios
What
I am reading today
Stop
asking random people stupid questions.
https://thereformedbroker.com/2023/08/18/stop-asking-random-people-stupid-questions/
The biggest question
mark in astronomy.
https://www.nytimes.com/2023/08/18/science/space/question-mark-space-webb-telescope.html
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for Survival’s website (http://investingforsurvival.com/home)
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