Original Market News & Research - Articles by ophir gottliebAbout the Authors
The CML Close - Stocks up, oil down, China has alarming slowdown, NY manufacturing data was second worst ever
Aug 15, 2022 - Stocks rose even as alarmingly bad economic data from China was revealed. Business activity declined sharply in NY with it's second largest monthly drop ever and home builder sentiment came in well below estimates.
Aug 12, 2022 - Stocks rose, import and export prices fell more than estimates, and consumer expectations of inflation are dropping.
The CML Close - Stocks mixed, Producer inflation below estimates, rents are too high, consumer borrowing spikes
Aug 11, 2022 - Stocks were mixed. The producers' side of CPI, called PPI and Core PPI, came in well below estimates with headline PPI showing its first month over month decline in over two years. Consumer borrowing jumped its second most ever as rising prices are funded by debt. Rents, too, are stubbornly high.
The CML Close - Stocks rise as inflation comes in much lower than estimates; PPI is due out tomorrow
Aug 10, 2022 - Stocks rose sharply as inflation readings came in lower than estimates with CPI growing 0% (unchanged) month-over-month, the lowest reading since COVID, and Core CPI rose the smallest amount since March of this year.
The CML Close - Stocks drop, inflation expectations drop, e-commerce prices drop, housing inventory rises
Aug 09, 2022 - Stocks dropped but consumer expectations for inflation dropped too, in a welcomed sign for the Fed. Home inventory rose at a record pace and e-commerce prices dropped for the first time in more than 2-years.
Aug 07, 2022 - Stocks were mixed with little conviction in either direction. Four economic data points will help shape the narrative when, on Wednesday, July CPI and Core CPI numbers come out.
The CML Close - Stocks mixed, jobs ands wages crush estimates, bets on larger Fed hikes rise, the dollar rises
Aug 05, 2022 - Stocks were mixed again while small-mid cap tech rose. Non-farm payrolls came in much higher than estimates as did hourly average wages, pushing expectations of a 75 basis point Fed hike higher s signs of cooling wage inflation are non-existent.
Aug 04, 2022 - Stocks were mixed and little changed on the day. Initial jobless claims and the 4-week moving average for jobless claims continues to climb, though both are far below levels seen before COVID. Inflation is the only thing that matters to Jay Powell.
The CML Close - Stocks up, factory orders up, ISM non-manufacturing prices down, OPEC delivers more oil
Aug 03, 2022 - Stocks rose with technology leading the way and OPEC increased its daily quota slightly. ISM non-manufacturing prices dropped while factory orders rose far more than expected.
The CML Close - Stocks uneventful, supply eases to near normalcy, job openings month-over-month plummet
Aug 02, 2022 - Stocks finished down a little as the trip to Taiwan by House Speaker Pelosi was uneventful thus far. Supply chain stress has eased to its long-term average, job openings fell month over the month by the most since April 2020, and Fed governors may be trying to talk the stock market down.
The CML Close - Stocks down, manufacturing activity down, manufacturing prices down, construction spending down
Aug 01, 2022 - Stocks fell slightly. Manufacturing activity is slowing, prices paid by manufacturers fell far below estimates, and construction spending plummeted while home price appreciation slowed at its fastest pace ever.
Jul 29, 2022 - Stocks rose off of continued optimism from mega caps (AMZN and AAPL), while inflation measures continue to remain high. PCE inflation hit a new cycle high, Core PCE remained below its high but rose from the prior month, 5-year inflation expectations remain range bound, and employment costs for Q2 to companies rose again.
The CML Close - Stocks up, GDP down, jobless claims rise, Apple and Amazon rise after hours on earnings
Jul 28, 2022 - Stocks rose off of yesterday's gains after the Q2 GDP report showed a negative reading putting the US into 'technical recession' with back to back quarters of negative GDP growth. Bulls appear to believe this will cause the Fed to soon slow down the pace of interest rate hikes. Still, Fed watchers believe the market has it wrong and that the rally is misplaced. Jobless claims climbed again. Apple and Amazon delivered strong results are both stocks were higher initially after hours.
Jul 10, 2022
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