To The Moon

Economic Calendar

In the coming week, we have a few important economic updates:

• China will share her Industrial Production (YoY October 2022) figure. As China is the world’s factory, this figure paints an important outlook for the global market, and not just China alone.
• Core Retail Sales & Retail Sales. This will be an important update on the consumption of the US market. A lesser-than-expected figure could dampen confidence in a market recovery.
• Crude Oil Inventories. This is an important indication of the future production and demand of oil-related products, an important upstream product before this translate into consumer consumption.
• Building Permits (Oct) and Existing Home Sales (Oct). With the rise of mortgage rates, real estate has slowed down significantly. There are some who expressed concern that the housing market is weakened significantly. This will be an important data point that is the barometer of the housing market.
• Initial Jobless Claims. The forecast seems to put this on an upward trend, implying more unemployment is expected. This will be an important data point for the Fed. Should the figure be less than expected, this should be bullish for the short term.

News and my muse (for the week ending 13 Nov 2022)

• volatility when managed well is also a chance for wealth transfer. invest with what you can afford to lose. do not leverage. If you can't sleep after placing your investments, the amounts are too big for your threshold.
• <Reuters> Europe is rocked by various marches and protests. Will this spill over?
• In anticipation of the downturn, an internal review is needed for all businesses. Match the core competencies against the opportunities. Enlarge your moat. Identify the core team. Optimize and expand when needed. If you survive, you are ahead.
• <WSJ> Europe is rocked by protests due to inflation
• <Coindesk> Blockfi pauses withdrawal. Is this the next to enter crypto winter?
• <CNBC> The global shipping industry is facing a new problem — too many containers ~ cancelled orders and reduced demand
• Is energy the reason for the next wars?
• The market rallied due to a lesser magnitude of inflation, not the absence of it. The presence of inflation should be received by a hawkish Fed, pending the other economic and unemployment data
• There are several among us who are buying index funds like$SPYETF using DCA. Let us consider buying into Berkshire - treating this like an ETF (without the expense structure). 1 year on, S&P500 has dropped 15.52% &$BRK.Bhas grown 6.02%
• People buy for FOMO (fear of missing out) and sell in panic. This usually leads to overbought and oversold situations. temperament is needful for investing.
• good reminder - for every equity/business, we can find ourselves in various hybrid roles ~ investor, customer, and observer. For some, it is best that we remain as customers, not as investors.
• coming to Q4, let us not forget the practice of tax loss harvesting.
• Investing starts with savings, not leverage.
• The Covid outbreak in China can affect the global economy.$AAPLhas spoken of its impact on the#iPhone14production.
• <Fox Business> Over the 3-month period, lenders repossessed 10,515 U.S. properties through real estate-owned (REO) foreclosure - property undergoes foreclosure but fails to sell at an auction & becomes owned by a bank or lender. up 18% from Q2 & up 39% from a year ago.
• Is it not time to identify the new growth stocks? What businesses should we review and categorize into value stocks?

$S&P 500(.SPX)$

@TigerStars