Traders Market Weekly: Market Dysfunction with Inflation and Supply Fragilities

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    April 17- 23, 2022 FEAR NOT Brave Investors Where have we been and where are we going? Join our weekly market thread on Traders Community… Image:
    [See the full post at: Traders Market Weekly: Market Dysfunction with Inflation and Supply Fragilities]


    Good Monday morning to all from deer infested mtns. of SW VA 🙂
    ICE & snow are mixing in as temps on top of mtn. are 31F
    Stocks are trading almost in FLAT range with a little GREEN in gains
    EARNINGS week is ahead & Interest Rates + Inflation + Supply Chain all factor in

    Last day to file FED TAXES without penalty & good luck to all finishing today


    Dow 34,411.69 -39.54 -0.11%
    S&P 500 4,391.69 -0.90 -0.02%
    Nasdaq 13,332.36 -18.72 -0.14%
    GlobalDow 4,022.00 -8.89 -0.22%
    Gold 1,982.00 7.10 0.36%
    Oil 107.58 0.63 0.59%


    With higher yields Yen continues to sell off, USDJPY up 145 pips to 128.42. #AUDJPY highest since July 2015 nearing 95.00 level. Blasts thru weekly levels


    Asia-Pacific equities overnight
    #Japan’s Nikkei: +0.7%
    #HongKong’s Hang Seng: -2.3%
    #China’s Shanghai Composite: -0.1%
    #India’s Sensex: -1.2%
    #SouthKorea’s Kospi: +1.0%
    #Australia’s ASX All Ordinaries: +0.6%. Update


    Japan’s February Industrial Production 2.0% m/m (last 0.1%) and Capacity Utilization 1.5% m/m (last -3.6%)
    Australia’s March New Home Sales 3.9% m/m (last -7.0%)

    Toyota expects that global production between May and July will average about 800,000 units per month, down from a recent rate of 840,000 per month.
    Chinese lenders are reportedly being encouraged to cut deposit rates.
    Xinhua speculated that China’s CPI will only grow “modestly” in Q2 and Q3.
    The Minutes from the last Reserve Bank of Australia policy meeting noted that certain developments have pulled forward the timing of the initial rate hike.
    The Japanese yen has weakened to a 20-year low against the dollar.


    Major European indices sell off heading into America session as European & US yields trade higher
    $STOXX Europe 600: -1.2%
    Germany’s #DAX: -0.8%
    U.K.’s #FTSE100: -0.4%
    France’s #CAC40: -1.0%
    Italy’s #FTSEMIB: -1.6%
    Spain’s #IBEX35: -1.7%.


    Johnson & Johnson (JNJ 176.95, -0.71): -0.4% after lowering its FY22 EPS guidance below consensus. JNJ beat EPS estimates.
    Travelers (TRV 181.75, -3.47): -1.9% despite beating top and bottom-line estimates. TRV also raised its quarterly dividend by 6%.
    Lockheed Martin (LMT 460.06, -7.38): -1.6% after reporting mixed earnings results, beating EPS estimates on below-consensus revenue.
    J.B. Hunt Transport (JBHT 174.99, +3.54): +2.1% after beating top and bottom-line estimates.
    American Campus Communities (ACC 65.00, +7.42): +12.9% after agreeing to be acquired by Blackstone (BX 112.73, +0.74, +0.7%) in a $12.8 billion deal, according to The Wall Street Journal.


    Cathie Wood’s Ark now sees Tesla shares more than quadrupling

    Cathie Wood’s Ark Investment Management now expects Tesla shares to more than quadruple to $US4600 by 2026.

    Ark last year said it had forecast shares of the electric vehicle maker to hit $US3000 by 2025, but had since updated its price target amid new expectations about Tesla’s prospective robotaxi business and capital efficiency.

    The firm’s bull case suggests the price could rise to about $US5800 by 2026, and the bear case suggests $US2900 – still about three times more than the current share price of $US1005.

    “Although tuned to our expectations for 2026, we believe our Tesla model is methodologically conservative,” Tasha Keeney, an Ark analyst, wrote in a blog post last week. “We assume that Tesla’s stock will trade like a mature company rather than a high-growth one in 2026.”


    Good morning – STOCKS are GREEN & edging HIGHER
    as discontinuing MASK mandates on airlines, UBER, etc. is seen as “+” to improve business
    by a heroic Florida FED judge (great future Supreme court pick – lol) 😉
    although the COVIDians may still challenge giving up controls & later challenge


    Dow 34,911.20 499.51 1.45%
    S&P 500 4,462.21 70.52 1.61%
    Nasdaq 13,619.66 287.30 2.15%
    GlobalDow 4,038.99 15.47 0.38%
    Gold 1,948.80 -37.60 -1.89%
    Oil 102.50 -5.71 -5.28%


    Ohhhhhh the humanity — NETFLIX is in Cramer’s SELL, SELL, SELL mode
    Down 35% today due to password sharing & more STREAMING services now competing

    From one of best groups & albums all-time 🙂


    Equity indices in the Asia-Pacific region ended the midweek session on a mixed note.

    Japan’s Nikkei: +0.9%
    Hong Kong’s Hang Seng: -0.4%
    China’s Shanghai Composite: -1.4%
    India’s Sensex: +1.0%
    South Korea’s Kospi: UNCH
    Australia’s ASX All Ordinaries: UNCH.


    S&P futures vs fair value: +22.00. Nasdaq futures vs fair value: +69.50.
    The S&P 500 futures trade 22 points, or 0.5%, above fair value.

    Equity indices in the Asia-Pacific region ended the midweek session on a mixed note. The People’s Bank of China made no changes to its one-year and five-year loan prime rates despite expectations for cuts. A former PBoC official called for a temporary easing of curbs on property debt. The Bank of Japan offered to buy unlimited amounts of 5- and 10-yr JGBs after the country’s 10-yr yield climbed above 0.25% to a level not seen since early 2016. Australia’s Finance Ministry now expects that 2022 deficit will be about 3.0% of GDP, up from October’s projection of 2.3% of GDP.


    Major European indices trade in the green.

    STOXX Europe 600: +0.9% Germany’s DAX: +1.1% U.K.’s FTSE 100: +0.1% France’s CAC 40: +1.2% Italy’s FTSE MIB: +0.8% Spain’s IBEX 35: +1.2%.

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