Q: What are the likely explanations for the current U.S. Treasury Yield Curve Inversion: This week The 30-year Treasury Yield was at 3.85% vs. The 6 month Treasury Yield at 5.25%?
A: Recession expectations, 2024 lower interest rate expectations, institutional allocations to U.S. Treasuries, and Disinflation since July are some potential reasons.
Q: Is the global supply chain back to normal?
A: Global Supply Chain Pressure Index is currently at -.26% lowest since 2019 after peaking above 4%.
Q: What companies have recently posted positive forecast updates for 2023?
A: Caterpillar, Inc., Adobe, Inc., and DICK’S Sporting Good, Inc. have all updated their 2023 outlooks for the better.
Q: Who are some of the North Texas companies that have had the best share price gains so far in 2023 and what could that tell investors?
A: Companies such as Builders FirstSource, Inc., Tenet Healthcare Corp. and Brinker International, Inc. are headquartered in Dallas and all currently thriving in the equity markets.
U.S. Treasury Prices and Yields (03/10/2023)
– Courtesy of Bloomberg LP
Silvergate Capital Corp. (03/10/2020 – 03/10/2023)
– Courtesy of Bloomberg LP
SVB Financial Group (12/30/2022 – 03/10/2023)
– Courtesy of Bloomberg LP
Dow Jones Industrial Average (03/10/2022 – 03/10/2023)
– Courtesy of Bloomberg LP
Chevron Corp. (03/10/2020 – 03/10/2023)
– Courtesy of Bloomberg LP
Merck & Co, Inc. (03/10/2020 – 03/10/2023)
– Courtesy of Bloomberg LP
West Texas Intermediate Crude Oil Spot Price (03/10/2022 – 03/10/2023)
– Courtesy of Bloomberg LP
Headline Round Up
*Federal Reserve Chair Jerome Powell Goes All Spider Monkey Again!
*Electric Vehicle (EVs) Start Ups Running Out of Cash?
*Caterpillar Declares Not a Recession!
*Dick’s Sporting Goods Hits All Time High After Joining Salesforce in Raising Their 2023 Forecast?
*Biggest Dow Winners Since The Federal Reserve’s Interest Rate Hikes Started!
*The “Godot’s Recession” is Always 6 Months Away?
*Goldman Sachs New Uptown Dallas Headquarters with a Park!
*Texas Utopia By Elon Musk on Colorado River Outside of Austin! His own town?
*Mark Mobius, founder of Mobius Capital Partners, Issues Warning About Chinese Restrictions on Capital Outflows. “I can’t get my money out. The government is restricting the flow of money out of the country”.
*Double Bozo Award? Morgan Stanley’s Bearish Strategist, Michael Wilson, Expects a Rally in the Short Term?
*Citadel’s Rise to Most Profitable Hedge Fund Ever? Strong recent performance due to Natural Gas, Power & Commodities exposure!
*New Crypto-Contagion Casualties: Crypto bank Silvergate Shutting Down & Stock Already Down 98%.
*Warren Buffett’s Berkshire Buys More Occidental Petroleum Corporation (OXY)!
*Devon Energy Corp.’s CEO, Rick Muncrief, “New Price Surge as Oil Balances Tighten.”
*Permian Basin Reaching Peak Oil Production?
Profit Report
The End of Abundant Energy?
