The Morning Call---Ukraine, the border and Biden's impeachment in a big pot of love stew

The Morning Call

 

9/8/23

 

The Market

         

    Technical

 

            Thursday in the charts.

            https://www.zerohedge.com/markets/ifall-beijing-batters-us-tech-bonds-bitcoin-bid

 

            As Apple goes………

            https://www.zerohedge.com/the-market-ear/sudden-fear-apple-goes

 

            Three charts to prepare for the fall.

            https://allstarcharts.com/3-charts-to-prepare-for-the-fall/

 

            More analysis of the Market’s behavior in September.

            https://www.zerohedge.com/markets/dreaded-september-worst-month-stocks-year-may-be-exception

 

            Enjoy it while it lasts.

            https://www.zerohedge.com/the-market-ear/enjoy-it-while-it-lasts-cause-it-never-does

 

            The massive disconnect from rates.

            https://www.zerohedge.com/the-market-ear/massive-disconnect-rates-why-it-so

 

            Is the dollar about to roll over?

            https://www.zerohedge.com/markets/dollar-rally-verge-coming-unstuck-longer-term-forces

 

    Fundamental

 

       Headlines

 

              The Economy

 

                        US

 

                        International

 

Q2 final Japanese GDP growth was 1.2% versus forecasts of 1.3%; Q2 final capital expenditures were -1.4% versus -0.7%; Q2 final private consumption was -0.6% versus -0.5%; the Q2 final YoY price index was +3.5% versus +2.6%; July average earnings were up 1.3% versus +2.1%.

 

August German CPI was +0.3%, in line.

 

                        Other

 

            The Fed

 

              Higher for longer’s day of reckoning is approaching.

              https://www.zerohedge.com/markets/higher-longers-day-reckoning-looming

 

              The FTC’s new merger policy.

              https://www.realclearmarkets.com/articles/2023/09/07/the_ftcs_new_merger_guidelines_attack_freedom_and_the_economy_977505.html

 

           Inflation

 

             Why are consumers so depressed?

             https://disciplinefunds.com/2023/09/06/why-are-consumers-so-depressed/

                 

             New homes becoming even more unaffordable.

             https://politicalcalculations.blogspot.com/2023/09/new-homes-becoming-even-more.html

 

           Recession

 

              The economy is not running too hot.

              https://scottgrannis.blogspot.com/2023/09/the-economy-is-not-running-hot.html

 

               Update on Q3 nowcasts.

               https://www.capitalspectator.com/us-median-nowcast-for-q3-gdp-edges-up-to-2-9/

 

              Germany’s economic rut gets deeper.

              https://www.wsj.com/economy/global/feeble-german-economy-faces-fresh-contraction-as-factories-falter-5e4aeeaa

 

           Government Shutdown

 

              Ukraine, the border and Biden impeachment in big pot of love stew.

              https://www.zerohedge.com/political/mccarthy-faces-house-revolt-over-bidens-latest-multi-billion-slush-fund-ukraine

 

           The Financial System

 

             The number of problem banks remained unchanged in Q2.

             https://www.calculatedriskblog.com/2023/09/fdic-number-of-problem-banks-unchanged.html

 

           Geopolitics

 

             Are the neocons finally getting real?

             https://www.zerohedge.com/geopolitical/everyone-loses-cracks-appear-us-deep-state-insiders-warn-negotiations-russia-only-way

 

           China

 

             China’s top property developer buys time---but not much.

https://www.wsj.com/economy/housing/chinas-country-garden-buys-time-to-repay-debtbut-not-long-67735269?mod=economy_lead_pos1&utm_campaign=What%20I%20Am%20Reading&utm_medium=email&_hsmi=273158888&_hsenc=p2ANqtz-8q62DBL5fs3rk53Z2817wFuAzmdh13ZN86FjaI1l13hGLok8W4x_dPMUpTv0NFTFBA_1mnB34Gl954pFrjMC66IP8qWQ&utm_content=273158888&utm_source=hs_email

 

            China’s growth engine sputters.

             https://www.wsj.com/world/china/china-exports-fall-for-fourth-month-as-once-reliable-growth-engine-sputters-1ab9d689?mod=economy_lead_story

 

 

    Bottom line

 

         Comments from Leon Cooperman.

         https://www.zerohedge.com/personal-finance/choked-cooperman-concerned-about-lefties-running-america

 

    News on Stocks in Our Portfolios

 

 

 

What I am reading today

 

            The greatest athlete of my generation.

            https://youtu.be/Im7vZLSDUGY

 

            Margin of safety.

            https://www.youngmoney.co/p/margin-safety

 

            The story of our universe may be starting to unravel.

            https://www.nytimes.com/2023/09/02/opinion/cosmology-crisis-webb-telescope.html

 

            The secret to overcoming adversity.

            https://traderfeed.blogspot.com/2023/09/the-secret-to-overcoming-adversity.html

 

 

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