The Morning Call (early)

 

The Morning Call

 

9/5/24

 

I have day surgery starting very early Thursday morning

 

The Market

         

    Technical

 

            Wednesday in the charts.

            https://www.zerohedge.com/markets/hard-landing-panic-leads-first-yield-curve-disinversion-two-years-nvidia-plunge-continues

 

    Fundamental

 

       Headlines

 

              The Economy

 

                        US

 

                          Month to date retail chain store sales grew faster than in the prior week.

 

The July job openings (JOLTS) report totaled 7.6 million versus estimates of 8.1 million.

https://www.zerohedge.com/economics/catastrophic-jolt-job-openings-crater-lowest-2021-data-manipulation-fails

 

July factory orders rose 5.0% versus projections of +4.7%; ex transportation, they were up 0.4% versus -0.2%.

 

                          The latest Beige Book report shows a weakening in economic activity.

                          https://www.zerohedge.com/economics/ugly-beige-book-reveals-economic-activity-flat-or-declining-consumer-spending-slowing

 

                        International

 

                        Other

 

                          July median household income.

                          https://politicalcalculations.blogspot.com/2024/09/median-household-income-in-july-2024.html

 

                          It is an uncertain world.

                          https://alhambrapartners.com/weekly-market-pulse-its-an-uncertain-world/?src=news

 

            Fiscal Policy

 

              More on taxing unrealized capital gains.

              https://marginalrevolution.com/marginalrevolution/2024/09/more-on-taxing-unrealized-capital-gains-from-my-email.html

 

              Interest on government debt now over $3 billion a day.

              https://nalert.blogspot.com/2024/09/interest-on-debt-now-eclipses-3-billion.html

 

     Bottom line

 

            More on valuation.

            https://www.advisorperspectives.com/dshort/updates/2024/09/03/buffett-valuation-indicator-august-2024

 

            The butterfly effect, index funds and the rise of mega cap stocks.

            https://klementoninvesting.substack.com/p/the-butterfly-effect-index-funds

 

    News on Stocks in Our Portfolios

 

 

 

What I am reading today

 

            Quote of the day.

            https://www.powerlineblog.com/archives/2024/09/thought-for-the-day-bonhoeffer-on-stupidity-vs-evil.php

 

            John Mauldin’s thoughts on the election.

            https://www.advisorperspectives.com/commentaries/2024/09/03/your-portfolio-and-election

 

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