The Morning Call---Will inflation make a comeback?

 

The Morning Call

 

8/10/23

 

The Market

         

    Technical

 

            Wednesday in the charts.

            https://www.zerohedge.com/markets/big-tech-banks-bitcoin-bullion-breakdown-ahead-cpi

 

            Markets continue to signal a risk-on bias.

            https://www.capitalspectator.com/markets-continue-to-signal-a-risk-on-bias-prevails/

 

            Hot stuff getting cold.

            https://www.zerohedge.com/the-market-ear/hot-stuff-getting-colder

 

    Fundamental

 

       Headlines

 

              The Economy

 

                        US

 

Weekly initial jobless claims totaled 248,000 versus projections of 230,000.

 

July CPI came in at +0.2%, in line; July core CPI was 0.2%, also in line.

                          https://www.zerohedge.com/personal-finance/cpi-rebounds-july-feds-favorite-inflation-indicator-sticky

                                      

                        International

 

                          July Japanese PPI was up 0.1% versus estimates of +0.2%.

 

                        Other

 

The Fed

 

  What the market believes versus what the Fed is saying.

  https://www.capitalspectator.com/markets-see-end-of-rate-hikes-as-fed-officials-suggest-otherwise/

 

Inflation

 

  China slides into deflation.

  https://www.bloomberg.com/news/articles/2023-08-09/china-slides-into-deflation-as-consumer-producer-prices-decline?srnd=premium&sref=loFkkPMQ

 

  Will inflation make a comeback in the US? (must read)

  https://www.zerohedge.com/markets/markets-will-be-blindsided-inflations-comeback

 

Recession

 

  Investors believe what they want to believe.

  https://www.realclearmarkets.com/articles/2023/08/09/charts_cant_time_the_market_but_people_can_971283.html

 

  Why this analyst isn’t worried about credit card debt.

  https://awealthofcommonsense.com/2023/08/why-im-not-worried-about-1-trillion-in-credit-card-debt/

 

  Trade is shrinking between the US, the world and China.

  https://politicalcalculations.blogspot.com/2023/08/trade-shrinks-between-us-world-and-china.html

           

            Geopolitics

 

              NATO training leaves Ukrainian troops unprepared for war

              https://www.nakedcapitalism.com/2023/08/nato-training-leaves-ukrainian-troops-underprepared-for-war.html

 

     Bottom line

 

             Five charts to contemplate.

             https://www.advisorperspectives.com/commentaries/2023/08/09/charts-copper-inflation-beach-richard-bernstein

 

 Sticking with your strategy.

 https://behaviouralinvestment.com/2023/08/09/is-a-market-cap-index-easy-or-hard-to-beat/

 

Common mistakes investors make.

https://blog.validea.com/failure-points-in-investing-learning-from-the-james-webb-telescopes-journey/

 

                The performance impact of Cassandras.

            https://klementoninvesting.substack.com/p/against-cassandras-the-performance

 

                What earnings recession?

            https://ritholtz.com/2023/08/what-earnings-recession/

 

    News on Stocks in Our Portfolios

 

What I am reading today

 

            A brief history of the Sphinx.

            The Great Sphinx of Giza (nationalgeographic.com)

 

 

Visit Investing for Survival’s website (http://investingforsurvival.com/home) to learn more about our Investment Strategy, Prices Disciplines and Subscriber Service.