Be in the know. 15 key reads for Thanksgiving…

  1. Mask-free Xi shows time is right for China to move from zero-Covid (scmp)
  2. Shanghai Disneyland to reopen after 25-day hiatus (scmp)
  3. Hong Kong stocks rise on China rate-cut bets while Fed buoys risk appetite (scmp)
  4. The Fed’s own economists are sounding the recession alarm — and warning that more interest-rate hikes could tank the US economy (businessinsider)
  5. Amazon Goes Back to E-Commerce Roots. Shares Should Climb. (barrons)
  6. Fed officials see smaller rate hikes coming ‘soon,’ minutes show (cnbc)
  7. New-Home Sales Surge. Mortgage Rates Slide (barrons)
  8. Stocks With China Exposure Are Rising With Reopening Hopes (wsj)
  9. Global Economy Slows but Seems to Be Faring Better Than Feared (wsj)
  10. Absurd cut-and-paste video shows AOC, Elon Musk’s ‘crazy chemistry’ (nypost)
  11. US Economy Shows Signs of Slowing as Fed Hikes Filter Through (bloomberg)
  12. China Covid Cases Jump to Record High, Topping Shanghai Outbreak (bloomberg)
  13. Treasury yields slide as meeting minutes point to a slowdown in tightening (cnbc)
  14. China banks pledge $162 bln in credit to developers, shares rally (reuters)
  15. Carvana stock gets a boost as company insider buys big chunk of shares (bizjournals)

Be in the know. 15 key reads for Wednesday…

  1. Buy Chinese Stocks and Sell Big US Tech Brands, BofA’s Hartnett Says (bloomberg)
  2. Ant Group Fine Is Fine, PCAOB Increases Budget (chinalastnight)
  3. China Signals Likely Reserve Requirement Ratio Cut to Aid Growth (bloomberg)
  4. Fed Minutes Set to Show Breadth of Support for Higher Peak Rate (bloomberg)
  5. Watch For Discussion About The Fed’s Terminal Rate (barrons)
  6. What stock-market investors will be looking for in the Fed minutes (marketwatch)
  7. Retail Earnings Are Surprisingly Strong. What It Means for Holiday Shopping. (barrons)
  8. Fed Tightening Is Having More Impact Than You Might Think (barrons)
  9. Stocks Have Already Bottomed. How We Know. (barrons)
  10. Investor Home Purchases Drop 30% as Rising Rates, High Prices Cool Housing Market (wsj)
  11. Thanksgiving Travel Roars Back, Testing Airlines After Turbulent Summer (wsj)
  12. Biden Administration Extends Pause on Federal Student Loan Payments (wsj)
  13. Best Buy, Dick’s Ease Fears About Holiday Spending (wsj)
  14. Disney’s ‘Avatar: The Way of Water’ gets coveted China release (cnbc)
  15. Nobel laureate Paul Krugman says the US rental market is cooling off – and official price stats overstate the inflation threat (businessinsider)

“Flat Footed” Stock Market (and Sentiment Results)…

On Tuesday, I joined Kristen Scholer on Cheddar News live from the NYSE.  Thanks to Kristen and Ally Thompson for having me on.  In this segment we discussed a number of important topics with the KEY being what Chair Powell’s hero (former Fed Chairman Paul Volker) did RIGHT in October 1982 that Chair Powell has yet to do in 2022 (but could in coming weeks (or months)):

Watch in HD directly on Cheddar

Continue reading ““Flat Footed” Stock Market (and Sentiment Results)…”

Industrials (top 30 weights) Earnings Estimates/Revisions

In the spreadsheet above I have tracked the 2022 earnings estimates for the Industrials Sector ETF (XLI) top 30 weighted stocks. The column under the date 11/22/2022 has a letter that represents the movement in 2022 earnings estimates since the most recent print (9/22/2022).

Continue reading “Industrials (top 30 weights) Earnings Estimates/Revisions”