The Morning Call
9/12/24
The
Market
Technical
Wednesday in the charts.
Can using a twelve
month moving average increase your performance?
https://www.priceactionlab.com/Blog/2024/09/beta-investing/
Fundamental
Headlines
The
Economy
US
Weekly initial jobless claims totaled 230,000,
in line.
August PPI came in
up 0.2% versus estimates of up 0.1%; core PPI was up 0.3% versus +0.2%.
https://www.zerohedge.com/markets/producer-prices-rose-more-expected-august
International
August Japanese
PPI fell 0.2% versus expectations of 0.0%; August German PPI fell 0.8% versus
+0.1%.
Other
The index for commercial real estate construction
went up 3% in August.
https://www.calculatedriskblog.com/2024/09/leading-index-for-commercial-real.html
Monetary
Policy
Markets remain uncertain about what a rate cut
means.
ECB cuts rates by 25 bp.
https://www.zerohedge.com/markets/ecb-cuts-rates-25bps-expected-projects-worsening-stagflation
This analyst disagrees.
https://www.ft.com/content/74c43985-309e-4889-b5f8-5fce56fbdd8d
Fiscal
Policy
The financial cost of political inference.
Inflation
Inside yesterday’s CPI number.
The
Financial System
New proposed rule changes regarding bank
capital increase uncertainty.
Civil
Strife
The collapse of the old political system.
https://www.zerohedge.com/political/enabling-brutus-slay-elon-musk-caesar
Bottom line
When the smart
money is wrong.
News on Stocks in Our Portfolios
Kroger press release (NYSE:KR): Q2 Non-GAAP EPS of $0.93 beats by $0.02.
Revenue of
$33.91B (+0.2% Y/Y) misses by $210M.
What
I am reading today
The
impact of technological advances.
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for Survival’s website (http://investingforsurvival.com/home)
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