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DOW RED -320, NAZ -155, S&P -43.
MISH<> Risk of Global Recession in 2023 Rises Amid Simultaneous
rate Hikes
chart
Switzerland: Raised rates by 0.75 point to 0.5%, making it one of the last central banks to exit negative territory.
U.K.: The Bank of England raised its key rate by 0.5 point to 2.25%, and will start selling some of its bond holdings.
Norway: Increased rates by 0.5 point to 2.25%.
Indonesia: Raised its benchmark rate by 0.5 percentage point to 4.25%.
Taiwan: Moved its discount rate up by 0.125 point to 1.625%.
The Philippines: Upped its benchmark overnight borrowing rate by half a point to 4.25%.
South Africa: Took the main repo rate up 0.75 point to 6.25%.
Japan: The Bank of Japan kept its benchmark rate at minus 0.1%. Tokyo later intervened to shore up the yen.
Turkey: Cut its main rate by one percentage point to 12% , continuing its contrarian
easing campaign
Much more>
https://mishtalk.com/economics/risk-of-global-recession-in-2023-rises-amid-simultaneous-rate-hikes
Billionaire Ray Dailo Predicts Economic Pain is Coming: SPY Implications
https://seekingalpha.com/article/4542659-ray-dalio-economic-pain-spy-implications?source=feed_tag_editors_picks
RCL Royal Caribbean slips on pricing notes offering
CLPT $10.11 ClearPoint partner gets FDA clearance for laser therapy system
The Clear Point Prisim Neuro Laser Therapy System is indicated for use to necrotize or coagulate soft tissue through interstitial irradiation or thermal therapy under 3.0T magnetic resonance imaging (MRI) guidance. Full indications for use can be found here: https://www.clearpointneuro.com/terms-of-service/label-indications/
ClearPoint Neuro has exclusive global rights to commercialize the CLS magnetic resonance (MR) guided laser interstitial thermal therapy (MRgLITT) system for neuro applications. The system comprises a clinical solution combining the ClearPoint navigation platform, the laser technology from CLS, and a thermal ablation monitoring software called Thermoguide from France-based medical device company Image Guided Therapy SA (IGT).
“It’s wonderful to see new innovation in the space of laser interstitial thermal therapy. Laser ablation is an important and growing part of our surgical armamentarium and offers minimally invasive and powerful treatments for a variety of neurological diseases,” stated John Rolston, MD, PhD, Director of the Mapping & Engineering Neural Dynamics (MEND) Laboratory at Brigham & Women’s Hospital and Harvard Medical School. “The new laser system offered by ClearPoint has several exciting technical innovations that are expected to make this therapy simpler and more accessible to surgeons and their patients.”
full
https://finance.yahoo.com/news/clearpoint-neuro-announces-fda-clearance-064500961.html
IONS stock dips as AstraZeneca decides not to move cholesterol drug
in phase 3 after mid-stage diagnosis
Northrop Grumman, Raytheon selected by USAF for HACM project
FDA panel to review GSK Zejula's overall survival data in recurrent ovarian
cancer
Costco falls, FreshPet jumps and more: Fridays five things to know
After ten years, the Super Bowl halftime show will have a new partnership as the NFL announced that Apple Music will be the new sponser
FreshPet shares jumped 21% in late trading Thursday. The Wall Street Journal reported that activist investor Jana Partners has acquired a stake in the company to boost share prices and explore a sale.
Costco shares traded more than 2% lower in extended trading as operating expenses rose. Merchandise costs grew 16% to $63.56 billion.
The big-box retailer beat Wall Street revenue and profit estimates.
more
https://www.foxbusiness.com/markets/costco-falls-freshpet-jumps-fridays-5-things-know
Stock Futures FALL, Treasury yields off Multiyear highs
Good Chilly morning!~
Things are a little better, just still a little busy.
NO rest for the weary
Goldman Sachs cuts 2022 target for S&P 500 by 16%
Cut its year-end 2022 target for the benchmark S&P 500 (.SPX) index by about 16% to 3,600 points, as the U.S. Federal Reserve shows little signs of stepping back from its aggressive rate-hike stance.
Analysts at Goldman Sachs wrote in a note on late Thursday that the expected path of interest rates by the central bank is now higher than it had previously expected leading it to cut its target.
Morning everyone! WoW DG, you were a One Man Show yesterday until MG
stepped in.
Appreciate the time and work from you both
Have a GOOD day all, I have to fly-~POOF!~
MIZUHO- downgrades to neutral Western Digital and and Micron
Bond Yields pull back from 11-year highs ahead of Fed-rate decision
BYND-Beyond Meat suspends exec after arrest in nose-biting incident
as stock hits all time low
https://www.marketwatch.com/story/beyond-meat-stock-hits-all-time-low-as-company-executive-arrested-in-nose-biting-incident-11663699174?mod=newsviewer_click
https://finviz.com/quote.ashx?t=BYND
Amazon Expands Renewable-Energy- efforts with 71 new projects
MSNBC, CNN Guest Roasted after calling Evangelical prayer-hands
'Nazi Salute'
Video's and lots of comments
Christians Praying, tweets
https://www.zerohedge.com/political/msnbc-guest-roasted-after-calling-evangelical-prayer-hands-nazi-salute
Coty stock UP 1.9% pre-market $8.00 now
Coty outlines strategy to double skin care sales by FY25
chart
https://www.marketwatch.com/articles/dollar-putin-russia-ukraine-51663746930?mod=newsviewer_click
Dollar hits 20-year high after Russia Mobilizes more Troops
The US dollar index, which tracks the dollar against six major global currencies rose
to its highest level since June 2002. The Japanese yen, seen as a safe haven, was the only currency up on the dollar early in the day.
Other safe haven assets, such as gold and bonds moved higher following Putin’s comments. Oil prices jumped sharply as Putin’s comments renewed supply concerns. Brent crude – the international benchmark – rising more than 2.5% to above $93 a barrel and West Texas Intermediate (WTI) futures close to 3% up at $86.29.
Gold futures climbed 0.6% to $1,681 an ounce, while silver rose 1.4% to $19,445 an ounce.
Treasuries were boosted, pushing yields lower, with the 2-year German bund slipping 8 basis points to 1.631%. Yields on the U.S. 2-year and 10-year notes all fell around 3 basis points.
more
https://www.marketwatch.com/articles/dollar-putin-russia-ukraine-51663746930?mod=newsviewer_click
Unites Airlines grounds planes as it completes inspections
As of Tuesday night, 10 of the 25 planes in question had been inspected and United was working with the FAA to return the others to service
https://www.foxbusiness.com/markets/united-airlines-grounds-planes-completes-inspections
Most Gulf markets slide ahead of of Fed rate decision
https://www.reuters.com/world/middle-east/most-gulf-markets-slide-ahead-fed-rate-decision-2022-09-21/
Here a short while then I have to fly!
4 things to watch when the Fed delivers its rate-hike decision
Policy Makers expected to approve a third straight jumbo rate hike
on Wednesday afternoon
https://www.marketwatch.com/story/4-things-to-watch-when-the-fed-delivers-its-rate-hike-decision-11663707584
Mish<>Putin Orders a Draft and Threatens to Use Nuclear Weapons
in Ukraine
(The man is definitely Flying Over The Cuckoo Nest!!!)
1 hour ago
Russia will use all the instruments at his disposal to counter a threat against its
territorial integrity—this is not a bluff,” Mr. Putin said in a national address that blamed the West for the continuing conflict in Ukraine, where he said his troops were facing the best of Western troops and weapons.
In his speech, Mr. Putin cast the mobilization as a response to what he called a decades long Western plot to break up Russia.
The bellicose address to the nation comes after officials in Russian-occupied parts of Ukraine on Tuesday announced plans for Russia to annex four regions in the country’s east and south. The move would allow Mr. Putin to describe a Ukrainian offensive on that territory as tantamount to an attack on Russia.
In his 15-minute speech, Mr. Putin stressed that he was ordering only a partial mobilization of troops by calling up active reservists and specialists whose military experience was needed to support what the Kremlin still calls a “special operation” in Ukraine.
Speaking on state television shortly after Mr. Putin, Defense Minister Sergei Shoigu appeared to prime the Russian population for a protracted war. “All our weapons systems, including the nuclear triad, are fulfilling their tasks,” said Mr. Shoigu.
He said the draft would amount to 300,000 reservists who would be deployed to help secure the territories Russia is occupying.
more...
https://mishtalk.com/economics/putin-orders-a-draft-and-threatens-to-use-nuclear-weapons-in-ukraine
HAPPY B-day to cap! I shall be off here longer than expected,
Probably most of the week or longer?
It's an unexpected family situation...
Take Care All,
Count your blessings, stay healthy, and trade carefully!
Have to fly, POOF~!
Thanks and GLTY next few days, will pop in some! ~POOF!~
Germany weighs nationalising Uniper as energy crisis worsens
(Increase its stake in the Gas importer)
Comments were denied
https://www.reuters.com/markets/europe/germany-weighs-nationalizing-uniper-energy-crisis-worsens-bloomberg-news-2022-09-14/
Morning cap, I'm soon to fly out of here, I have cooking to
do for a weary traveling brother with a bad back.
Coronavirus tally: Study finds some 500,000 people have disappeared
from U.S. workforce due to long Covid
https://www.marketwatch.com/story/coronavirus-tally-study-finds-some-500000-people-have-disappeared-from-us-workforce-due-to-long-covid-2022-09-14?mod=newsviewer_click
Morning Lady! I will surely second that comment!
Amen, Amen, its now or never, or we shall have no britches left
to pull up......
(My only dear brother arrives to visit today, and he is staunchly exploding)
Should have some nice rant sessions!
Have a GREAT day! {hugs}
Stock Futures point to a cautious bounce after Wall Street's worst losses
in more than two years
(yellow light flashing)
https://www.marketwatch.com/story/stock-futures-point-to-cautious-bounce-after-worst-losses-in-more-than-two-years-11663148359?mod=newsviewer_click
ADTX-$18.50-Shares surge premarket after reverse split
8 Tough questions to ask before lending money to family or friends
Fear, obligation and guilt can cloud your judgment when someone asks for a loan. Your role as a lender requires you to be comfortable asking pertinent questions
(Think hard, saying yes-can often bring destruction to a relationship)
https://www.marketwatch.com/story/8-tough-questions-to-ask-before-lending-money-to-family-or-friends-11662667592?mod=newsviewer_click
AR<>Research Links: lottery-seeking behavior
https://abnormalreturns.com/2022/09/13/research-links-lottery-seeking-behavior/
EU Seeks $140 Billion to Cushion Crisis: Energy Update
Part of a series of radical steps to rein in the biggest energy crisis
in decades
https://www.bloomberg.com/news/articles/2022-09-14/europe-seeks-140-billion-to-cushion-crisis-energy-update?srnd=markets-vp&leadSource=uverify%20wall
Bernstein Quants Say $7.6 Trillion US Bear Market Has More to GO
https://www.bloomberg.com/news/articles/2022-09-14/bernstein-quants-say-7-6-trillion-us-bear-market-has-more-to-go?srnd=markets-vp
NYT<> Social Security's Cost-of-Living Increase will be largest
in Four Decades, an Estimate says
https://www.zerohedge.com/geopolitical/nato-kicks-naval-war-games-near-group-russian-ships
NATO kicks off Naval War Games Near Group of Russian Ships
https://www.zerohedge.com/geopolitical/nato-kicks-naval-war-games-near-group-russian-ships