Q: What changed dramatically this week about some of the forward looking economic forecasts?
A: Atlanta Fed Real GDPNow estimates 2.4% current economic growth.
Q: Retail sales up 3% in January? Don’t all those people know this is a Recession?
A: Jobs and sales appear to indicate a healthy economy.
Q: Why have the equity indexes remained remarkably stable in February?
A: The overall market may have found equilibrium temporarily.
Evolution of Atlanta Fed GDPNow Real GDP Estimate for 2023 (02/08/2023)
– Courtesy of The Atlanta Federal Reserve
Adjusted Retail & Food Services Sales, Seasonally Adjusted Total Monthly Percentage Change (01/31/2021 – 01/31/2023)
– Courtesy of Bloomberg LP
U.S. Employees on Non-Farm Payrolls Total Month Over Month Net Change, Seasonally Adjusted (02/15/2022 – 02/15/2023)
– Courtesy of Bloomberg LP
U.S. Consumer Price Index – Urban Consumers Month Over Month, Seasonally Adjusted (01/31/2022 – 01/31/2023)
– Courtesy of Bloomberg LP
Dow Jones Industrial Average (12/30/2022 – 02/15/2023)
– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index (12/30/2022 – 02/15/2023)
– Courtesy of Bloomberg LP
Chicago Board Options Exchange Volatility Index (02/15/2022 – 02/15/2023)
– Courtesy of Bloomberg LP
Headline Round Up
*Are We Shocked? Goldman Sachs Says “Soft Landing” & Some Economists Declare “No Landing” With Growth Accelerating.
*January 2023 Consumer Price Index (CPI) Rises .5%. 7 Month Total Annualized is 2.4% Since July 2022.
*Car Prices Hit Record High. Average Monthly Payment Amount Nearly Double Compared to 2019!
*Some of Berkshire Hathaway’s Quarterly Moves.
*Oops: Stan Druckenmiller’s Duquesne Family Office and Others Dumped Tech Stocks Before 2023 Rally.
*Crypto’s Hostile Crackdown by U.S. Regulatory Authorities.
*FDIC Policy Analyst Married to Commodity Futures Trading Commission Employee Made 3000 Short Sales.
*Natural Gas Decline Corresponded to Freeport Liquified Natural Gas (LNG) June Explosion.
*Plains All American Pipeline L.P. Predicts 500,000 Barrel Per Day Permian Surge this Year!
*Devon Energy Smacked Down on 2023 CapEx Guidance.
*Texas Rising: West Texas Intermediate Crude Contracts Hit Record High So Far in 2023!
*U.S. Government to Sell Another 26 Million Barrels of Strategic Petroleum Reserve? Regularly scheduled sale?
*Oops: Dow Jones Industrial Average Kicked Out Exxon Mobil, Corp. for Salesforce, Inc. Avoiding a Double in Value & Losing 20% Instead?
*China’s Reopening Leading to Commodity Boom!
*OPEC Estimates Global Oil Demand Rising 100,000 Barrels Per Day in 2023 Due to Stronger Economies.
*Air India, Ltd. Bullish & Places Order for 470 Planes!
*SolarEdge Technology, Inc. and Enphase Energy, Inc. Earnings Home Runs So Far in 2023!
*Ford Invests $3.5 Billion for Michigan Battery Plant.
*Private Equity Buyers Beware: Former Slync, Inc. Co-Founder & CEO, Christopher Kirchner, Arrested and Charged with Fraud by Multiple Federal Agencies!
Profit Report
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