Wednesday, October 16, 2024

The Morning Call---US households are in great fianancial shape

 

The Morning Call

 

10/16/24

 

The Market

         

    Technical

 

            Tuesday in the charts.

            https://www.zerohedge.com/markets/crude-crashes-tech-tumbles-bonds-bullion-bitcoin-bid

 

            Stocks are up but valuations are down.

            https://x.com/mattcerminaro/status/1845929534673084882

 

            Goldman flows guru: the equity market sell off is canceled.

            https://www.zerohedge.com/markets/goldman-flows-guru-equity-market-sell-canceled

 

            Reluctant bulls keeping Market in check.

            https://www.zerohedge.com/markets/reluctant-bulls-are-keeping-market-check

 

            The VIX explained.

            https://www.zerohedge.com/markets/vix-and-market-climb-should-we-care

 

            Super stressed bond volatility.

            https://www.zerohedge.com/the-market-ear/super-stressed-bond-volatility

 

    Fundamental

 

       Headlines

 

              The Economy

 

                        US

 

Weekly mortgage applications fell 17% while purchase applications were down 7%.

 

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

 

                        International

 

August Japanese machine tool orders were down 1.9% versus forecasts of -0.1%.

 

September UK CPI was unchanged from August versus expectations of +0.1%; core CPI was up 0.1% versus +0.3%.

 

                        Other

 

                          Questions on the economy.

                          https://alhambrapartners.com/weekly-market-pulse-questions-3/?src=news

 

            Fiscal Policy

 

              IMF warns of rising global government debt.

              https://www.wsj.com/economy/global/imf-warns-rise-in-government-debt-could-be-sharper-than-anticipated-61a83594?mod=economy_lead_pos4

 

                          S&P says to expect more emerging market sovereign debt defaults.

              https://www.ft.com/content/1a625d41-7e1f-415c-beef-2255afa1d498

                       

 

            Inflation

 

              Update on the Campbell’s tomato soup price indicator.

              https://politicalcalculations.blogspot.com/2024/10/tomato-soup-prices-largely-stable-at.html

 

              Inflation shock imminent as liquidity tsunami looms.

              https://www.zerohedge.com/markets/inflation-shock-imminent-liquidity-tsunami-looms

 

            Recession

 

              US households are in great financial shape.

              https://www.apolloacademy.com/us-households-in-great-shape/

 

              US profit growth is negative for all but the largest companies.

              https://www.zerohedge.com/markets/us-profit-growth-negative-all-largest-companies

 

     Bottom line.

 

            Good times don’t last forever.

            https://awealthofcommonsense.com/2024/10/long-term-stock-market-averages/

 

            Another look at the same issue.

            https://www.tker.co/p/tker-year-three-stock-market-truth-three

 

            Can the stock market keep going up?

            https://www.nytimes.com/2024/10/15/business/stock-market-valuation-outlook.html

 

            Markets still pricing in more rate cuts.

            https://www.capitalspectator.com/despite-a-robust-us-economy-markets-still-pricing-in-rate-cuts/

 

            Venture capital is having a rough year.

            https://wolfstreet.com/2024/10/14/venture-capital-slammed-by-fed-tightening-exits-blocked-after-ipos-spacs-collapsed-distributions-at-financial-crisis-lows/

 

    News on Stocks in Our Portfolios

 

What I am reading today

 

            Ann Boleyn’s Book of Hours.

            The secrets hidden in Anne Boleyn’s Book of Hours (nationalgeographic.com)

 

            Home prep guide for emergencies.

            https://www.zerohedge.com/medical/home-prep-guide-what-you-need-last-2-weeks-emergency

 

 

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

 

 

 

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