Tuesday, August 19, 2025

The Morning Call--The historical muddied pciture of PPI versus CPI

 

The Morning Call

 

8/19/25

 

The Market

         

    Technical

 

            Monday in the charts.

            https://www.zerohedge.com/market-recaps/quant-carnage-continues-rate-cut-odds-leak-lower-j-hole-looms

 

                Monday in the technical stats.

            https://www.barchart.com/stocks/momentum

            https://www.barchart.com/stocks/sectors/rankings

 

            Calm before the storm?

            https://www.zerohedge.com/the-market-ear/calm-storm-vol-bargains-vvix-screams-seasonality-looms

 

            Retail chasing, pros fading.

            https://www.zerohedge.com/the-market-ear/retail-chasing-pros-fading-crypto-wobbles-edge-hedge

 

            The latest from Goldman’s trading desk.

            https://www.zerohedge.com/markets/risk-consensus-positions-heightened-top-goldman-trader-says-hedge

 

            The latest from JP Morgan’s desk.

            https://www.zerohedge.com/markets/jpmorgans-market-intel-desk-remains-tactically-bullish-heres-why

           

    Fundamental

 

       Headlines

 

              The Economy

 

                        US

 

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

 

July housing starts rose 5.2% versus expectations of -2.2%; building permits were down 2.8% versus -0.2%.

 

The August builder confidence index was reported at 32 versus consensus of 34.

                                                  https://www.advisorperspectives.com/dshort/updates/2025/08/18/nahb-housing-market-index-builder-confidence-august-2025

 

                        International

 

The June EU trade balance was +E7.0 billion versus projections of +E14.7 billion.

 

                        Other

 

                          Manufacturing is returning to the US.

                          https://townhall.com/tipsheet/scott-mcclallen/2025/08/17/stl-federal-reserve-us-manufacturing-is-recovering-n2661965

                       

                          Slowdown in global trade is coming.

                          https://www.apolloacademy.com/global-trade-slowdown-coming/

 

            Monetary Policy

 

              Hints of inflation complicate the next FOMC policy decision.

              https://www.capitalspectator.com/hints-of-rising-inflation-complicate-feds-next-policy-meeting/

 

            Fiscal Policy

 

              The EU is skating on thin ice.

              https://www.zerohedge.com/economics/road-hyperstate-eu-commission-circumvents-financing-rules

 

            Inflation

 

              Is PPI predictive of CPI?

              https://econbrowser.com/archives/2025/08/ppi-cpi

           

              The historical muddied picture of PPI versus CPI.

              https://talkmarkets.com/content/the-muddied-historical-picture-of-ppi-vs-cpi?post=516079

 

              Inflationary questions.

              https://www.advisorperspectives.com/commentaries/2025/08/18/questions-inflationary

 

     Investing

 

            What is the bottom line?

            https://www.tker.co/p/what-is-bottom-line-for-stock-market

 

            A much needed sector rotation or an early warning signal?

            https://talkmarkets.com/content/etfs/a-much-needed-rotation-or-a-warning-sign?post=516078

 

            Gold as a strategic asset allocation.

            https://www.carsongroup.com/insights/blog/gold-is-shiny-enough-for-a-strategic-portfolio-allocation/

 

            The Market is pornographically overvalued.

            https://www.zerohedge.com/markets/your-perfunctory-reminder-markets-are-pornographically-overvalued

 

            Insider selling reveals fallacy of stock buyback thesis.

            https://www.advisorperspectives.com/commentaries/2025/08/18/selling-reveals-fallacy-buyback-theory

 

                Foreigners aren’t following the dollar is bad script.

            Foreign Investors Aren't Following The Dollar-Is-Bad Script

 

                A primer on gold from Goldman Sachs.

            https://www.zerohedge.com/precious-metals/you-cant-pump-it-you-can-bid-it-out-someones-hands-goldman-unveils-its-most

 

    News on Stocks in Our Portfolios

 

Home Depot Non-GAAP EPS of $4.68 misses by $0.01, revenue of $45.28B in-line

 

What I am reading today

 

           

 

 

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

 

 

 

No comments:

Post a Comment