The Morning Call
10/24/25
The
Market
Technical
Thursday in the
charts.
https://www.zerohedge.com/markets/everythings-amid-geopolitical-chaos
The
latest from Goldman’s desk.
https://www.zerohedge.com/markets/its-choppy-de-grossing-tape-retail-still-rules-roost-goldman
Goldman still bullish
gold.
The technicals on
gold.
https://www.zerohedge.com/the-market-ear/gold-if-bounce-imagine-next-leg-down
Thursday in the
technical stats.
https://www.barchart.com/stocks/momentum
https://www.barchart.com/stocks/sectors/rankings
https://www.barchart.com/stocks/signals/new-recommendations
Fundamental
Headlines
The
Economy
US
September CPI was
up 0.3% versus expectations of up 0.4%; core CPI was up 0.2% versus +0.3%.
https://www.zerohedge.com/markets/cooler-expected-cpi-data-leaves-fed-track-rate-cuts
September existing home sales rose 1.5%
versus consensus of -2.0%.
The October Kansas
City Fed manufacturing index was 15.0 versus projections of 6.0.
International
The August
Japanese leading economic indicators were reported at 107.0 versus estimates of
107.4; the September CPI was +0.1% versus 0.0%.
September UK
retail sales were up 0.5% versus predictions of -0.1%; ex fuel, they were up
0.6% versus -0.2%.
The October EU
flash consumer confidence index came in at -14.2 versus forecasts of -15.4.
The October
Japanese flash manufacturing PMI was 48.3 versus expectations of 48.8; the
flash services PMI was 52.4 versus 53.0; the flash composite PMI was 50.9
versus 51.2; the October German flash manufacturing PMI was 49.6 versus 49.0;
the flash services PMI was 54.5 versus 51.1; the flash composite PMI was 53.8
versus 50.5; the October EU flash manufacturing PMI was 50.0 versus expectations
of 49.1; the flash services PMI was 52.6 versus 50.9; the flash composite PMI was
52.2 versus 50.5; the October UK flash manufacturing PMI was 49.6 versus expectations
of 46.7; the flash services PMI was 51.1, in line; the flash composite PMI was
51.1 versus 50.5.
Other
The impact on consumer consumption of a 2001
type Market correction.
https://econbrowser.com/archives/2025/10/what-if-an-equity-market-correction-like-2001
Update on Q3 nowcasts.
https://www.capitalspectator.com/us-q3-gdp-appears-to-remain-on-growth-track/
The economy is still moving forward.
Monetary
Policy
QE revisionism.
QT is over.
Fiscal
Policy
The case against Trump’s industrial policies.
https://www.civitasinstitute.org/research/trumps-industrial-policies-will-strangle-growth
US Treasury debt hits $38 trillion.
Tariffs
How tariffs are
affecting prices. I am incapable of evaluating the logic and veracity of the mathematics
of this study; but the outcome doesn’t surprise me. The study was done by the
St. Louis Fed, so the FOMC members have undoubtedly read it. One would think
that it would weigh on their employment versus inflation policy trade-off.
https://www.stlouisfed.org/on-the-economy/2025/oct/how-tariffs-are-affecting-prices-2025
Trump terminates all trade talk with Canada.
Investing
Gold as an equity
hedge.
https://www.ft.com/content/ef885f08-ab95-4190-8d48-23b8068b9da7
News on Stocks in Our Portfolios
General
Dynamics press
release (NYSE:GD): Q3 GAAP EPS of $3.88 beats
by $0.17.
Revenue of
$12.9B (+10.6% Y/Y) beats by $370M.
What
I am reading today
The
real story of Sacagawea.
Who was
Sacagawea? Here’s the story of her critical role in U.S. exploration | National
Geographic
How
corruption has amended the constitution.
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