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Good cool morning to All~
~~POOF!~~for now!
Stock-Market Wildcard: what investors need to know as Fed shrinks
balance sheet at faster pace
Quantitative easing is credited with juicing equity returns and boosting other speculative assets by flooding markets with liquidity as the Federal Reserve snapped up trillions of dollars in bonds after the financial crisis and amid the coronavirus pandemic. Investors and policy makers may be underestimating what happens as the tide goes out.
I don’t know if the Fed or anybody else truly understands the impact of QT just yet,” said Aidan Garrib
(QT <we have seen this before)
Full https://www.marketwatch.com/story/the-wild-card-that-could-sink-stocks-what-investors-need-to-know-about-the-feds-accelerating-qt-11662769412
The credit cycle is deteriorating quickly
VP Research
15 hrs ago
(charts)
https://blog.variantperception.com/p/the-credit-cycle-is-deteriorating
Oil Declines With Shaky Demand and US Price-Cap
Plan in Focus
7:08 PM update 7:54
https://www.bloomberg.com/news/articles/2022-09-11/oil-opens-week-lower-as-traders-weigh-demand-us-price-cap-plan?srnd=markets-vp&leadSource=uverify%20wall
Inflation sets the scene for the Fed: What to know this week
Tuesday morning will bring the CPI for August
https://finance.yahoo.com/news/stock-market-week-ahead-cpi-inflation-preview-september-11-191408801.html
Mish<>Climate Policy is a Much Greater Threat Than Climate Change
A global financial crisis is brewing. The easy scapegoat is Putin. The biggest problem is policy everywhere you look.
MISH 7 HOURS AGO
Snip
In the US, California marches on with the blessing of president Biden, preposterous targets for electric cars without having the faintest idea where the minerals and mining for those batteries will come from.
Global Crisis of Climate Policy
Full @
https://mishtalk.com/economics/climate-policy-is-a-much-greater-threat-than-climate-change
Top clicks this week on Abnormal Returns-
(couple worthy of reading)
https://abnormalreturns.com/2022/09/11/top-clicks-this-week-on-abnormal-returns-660/
Asia set to Join Risk Rally as Dollar Weakens: Market Wrap
September 11, 2022 6:43 PM
US Futures climb
Greenback gains pause, and Euro is among key advancers
@
https://www.bloomberg.com/news/articles/2022-09-11/asia-set-to-join-risk-rally-as-dollar-weakens-markets-wrap?leadSource=uverify%20wall
Charles Hugh Smith-Video--The Insanity of Central Banks in
Addressing Inflation
The Roundtable Insight
August 29, 2022
Hello Everyone! Wonderful Vacation, got home yesterday,
but have had to recoup!
Whooped, lots of daily exercise which is not on my daily menu...
My 'special' adult grandson loved it, and had a great time.
He was so happy it made everything a great adventure!
Will be in and out for a couple of days, then my NC brother will
arrive sometime Wednesday....
Hope ALL is good around here?
HaHa! Yes sir, have all that and more~~
Check list:
NO overpack
Favorite Pillows
Wipes and Good Toilet paper!
Cooler-Water-canned food and snacks
(buy food for the fridge when we arrive at the house booked by Airbnb)
Medications for a week!
There's more, but that's the basics!
ADIOS Amigo
Everyone--Have A Great Labor Day and Safe Three day weekend! -->
I'm going on a week's vacation with two of my extended family...
Today, is a finish prep/packing and ready to head out!
Have a GREAT Week ahead and make $$$$
Stay safe and healthy,
Prayers for all,
God Bless
Good Question? Heck if I know.. Have already pre-set accounts
for what may be ahead!
Know you are watching MRO close...Good Luck!
Mish<> Fed Quantitative Tightening (QT) Doubles This Month,
Progress Since June
15 hours ago
Charts
(Will the Fed hit its MBS projections?)
https://mishtalk.com/economics/fed-quantitative-tightening-qt-doubles-this-month-progress-since-june
GM cap, excellent on that APPL chart call you saw $155 coming,
and it did hit that range. As DG posted lots of dumping, they are taking profits,
and I think they will take it lower, then jump back in with volume!
8:30<>Jobs Report: Growth likely persisted in August
https://finance.yahoo.com/news/august-jobs-report-september-2-2022-220121393.html
'Manipulation', to be continued! Morning~~
Thumbs UP^
BYD $53.53--Warren Buffet's Berkshire Hathaway FURTHER pares stake
https://finviz.com/quote.ashx?t=BYD
What does Friday's jobs report mean for the market? "Too Hot" and
stocks could tumble
https://www.marketwatch.com/story/heres-what-to-expect-on-wall-street-tomorrow-when-u-s-employment-data-is-reported-according-to-market-pro-11662055742?mod=newsviewer_click
LYB-LyondellBasell cut to neutral/target to $80 from $115. JP organ
Dow Inc. downgraded to neutral/price cut to $47 from $60 by JP Morgan
Oil and Gas rise Ahead of OPEC meeting and Russian Pipeline Restart
https://www.marketwatch.com/articles/oil-and-gas-rise-ahead-of-opec-meeting-as-russia-due-to-restart-european-gas-flows-51662108928?mod=newsviewer_click
BBBY Bed Bath & Beyond falling more premarket -6%
1-800-Flowers stock price cut to $13 from $17 at Benchmark & to $7 from Davidson
BONDS enter first bear market in at least 30 years
September 2, 2022
https://www.marketwatch.com/story/bonds-enter-first-bear-market-in-at-least-30-years-11662111162?mod=newsviewer_click
Thanks DG, was expecting that. cap, called it good seeing $155 possible on chart
No problems with my long shares from $70's-to $80, ever goes under a $100
I'm an add/buyer.. (maybe even before that)
THANKS, for all the informative posts! Appreciate it~~
No shocker, Futures have gone RED, who knows about the day ahead?
Good Friday morning ALL~
Have a Good Day everyone, I'm done, check back later, Maybe!
<<<- WDC Western Digital cut to sell, shares fall-IMHO,
WDC and STX still over priced
US Jobless Claims Sept. 1, 2022 Decline For a Third Week to a
Two-Month Low
Decreased by 5,000 to 232,000
Healthy Demand for Labor (do not want to work)
https://www.bloomberg.com/news/articles/2022-09-01/us-initial-jobless-claims-decline-for-a-third-consecutive-week?srnd=markets-vp
Time for break-fast!
Hormel Foods stock drops after profit miss and outlook lowered,
while sales guidance was raised
STX-Seagate Technology downgraded to hold from buy at Benchmark
A little story for this post!
This is the first stock I bought years and years ago, held
and turned over for a nice profit!
*I took a note for my boss from his broker (what a tip)
**Was around $6 I believe, definitely under $10
***NOT held in years
September 1981
By 1982, with sales of $40 million, Seagate had captured half of the market for small disk drives. The company went public in September 1981, with an initial stock offering of three million common shares.
https://finviz.com/quote.ashx?t=STX&p=m&tas=0
Texas sends buses of illegal migrants to Chicago amid border
security dispute
The State of Texas bused a group of about 60 newly arrived migrants to Chicago on Wednesday, as Republican Governor Greg Abbott expands his effort to push responsibility for border crossers to his Democratic political opponents.
Texas has bused more than 7,000 migrants to Washington, D.C., and New York City since April, spending nearly $13 million on the initiative through Aug. 8, according to state data obtained through a Freedom of Information Act request.
https://www.reuters.com/world/us/texas-governor-buses-migrants-chicago-amid-border-security-dispute-2022-09-01/
Mississippi confirms it will tax forgiven student loan debt~~
How many states will follow?
(Don't forget State Taxes Free-loaders!)
Many former college students across Mississippi will see relief on their student loans after President Joe Biden’s recent announcement.
However, those Mississippi residents who did get part of their debt forgiven will still be taxed on it, according to a recent Bloomberg article.
Biden’s student loan debt relief plan includes forgiveness of up to $10,000 for federal borrowers or $20,000 for those who received Pell Grants.
Thursday: Unemployment Claims, ISM Mfg, Construction Spending,
Vehicle Sales
https://www.calculatedriskblog.com/2022/08/thursday-unemployment-claims-ism-mfg.html
History points to more challenges ahead for the stock market: morning brief
From 1921 to 2021, the Dow has been negative in 36 years heading into
September with an average return of -7.64% over the year's first 8 months and an additional -1.7% return for the balance of the year. Screening for years when the return was down 8.0% or more through August, the index logged a -5.1% return in the final four months of the year in these 13 instances.
Similarly, performance of the S&P 500 and Nasdaq into year-end is diminished greatly — or turns outright negative — when the indices are down as of the end of August. Critically, volatility also tends to increase when stocks are under pressure into the back-to-school month of September.
September offers no respite for the faint of heart.
Cont @
https://finance.yahoo.com/news/history-challenges-ahead-for-the-stock-market-morning-brief-092924120.html