November 14, 2022 | Inflation is finally cooling off… On Thursday, Nov. 10, stocks had their best day since Apr. 2020. Home prices are falling faster than in ’08… AND weaker home prices are still not reflected in the inflation data. This could prompt further downward pressure on inflation. Source: thedailyshot
...November 14, 2022 | Mid-Term elections were last week and the ‘red wave’ that was predicted crumbled as many Republicans underperformed expectations. Control of the Senate goes to the Democrats (as of 11.13), while the House remains up for grabs as votes continue to be counted. Source: CNN
...November 14, 2022 | Global energy prices have collapsed as Europe has met storage quotas for natural gas, with many +90%. Something that many thought was impossible just 6 months ago.The battle is not over yet, a cold winter may put upward pressure on prices when gas is most needed. Source: The Economist
...November 7, 2022 | Inventory levels at companies in the S&P 500 are growing faster than they can sell them. Which is a signal that sales at companies are slowing down. Finding evidence that revenue numbers may disappoint moving into 2023. Source: Morgan Stanley
...November 7, 2022 | Business investment, called capex (capital expenditures), is a very important component of corporate profits. Weaker CEO confidence = less business investment = weaker corporate profits. Source: Gavekal
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