IMPORTANT DISCLAIMER: I am NOT a registered investment adviser, broker dealer, or member of any other association for research providers in any jurisdiction whatsoever & I am NOT qualified to give financial advice. Investing/Trading in securities, particularly microcap securities, is highly speculative & carries an extremely high degree of risk. The information, analysis, & opinions listed above are my own & may not properly reflect the underlying conditions of a company or security. You should do your own Due Diligence. Past performance does not guarantee future results. If you trade based on anything I have written YOU ACCEPT FULL RESPONSIBILITY AND LIABILITY for your own trades & actions & hold the author of this publication harmless. If that isn’t clear enough DO NOT TRADE, ACT, OR INVEST, BASED UPON ANYTHING I WRITE OR RECOMMEND. There, we should be solid now.

After a year of doing this I figured I would retire the newsletter (I may make it into a FREE weekly newsletter simply because I enjoy it & folks like it). I’ll carry the newsletter forward until the 16th of this month, but I will no longer be taking PAID subscriptions.. I’m thinking about making a career change that will leave very little time for further publications. For those of you who paid for yearly subscriptions, you will be refunded the remainder of your year. Thank you all so very much for supporting this newsletter.

Billing is paused. No one else will be billed from this day forward. If the Newsletter does in fact continue, it will be weekly for free.

Before you Trade Today: Know the Economic Calendar! Also See This Weeks Most Anticipated Earnings (BELOW).

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CPI COMES IN HOTTER THAN EXPECTED: No surprise here given Wednesday’s PPI. What does this mean? It means the Fed is given the green light to continue the course. Labor is strong, inflation is hot, unemployment is low. Today we have retail sales, consumer sentiment, & business inventories.

• US CPI (M/M) Sep: 0.4% (est 0.2%; prev 0.1%)

• US CPI (Y/Y) Sep: 8.2% (est 8.1%; prev 8.3%)

• US CPI Core (M/M) Sep: 0.6% (est 0.2%; prev 0.6%)

• US CPI Core (Y/Y) Sep: 6.6% (est 6.5%; prev 6.3%)

MARKETS RALLY: We still have uncertain news ahead of us. CNBC is flabbergasted as to why the markets are rallying. As I’ve being saying throughout this week, markets may rally for no other reason than because the critical news is behind us. What will happen from here? Depends on the bank earnings. At this time JP Morgan is up 2% on an earnings beat. It seems, thus far, as a good time for shorts to cover.

QUESTION OF THE DAY: Is a “soft landing” possible when the Fed is using monetary policy to address inflation sprung from a structural labor shortage?

I honestly don’t think so but I could always be wrong. Next year will be interesting. Biden has signed massive spending bills into law, he’s forgiven student debt, Social Security received its largest hike in god knows how long, unlike this year people will get their full tax returns next year, OPEC is cutting back on production with the expectation of a recession next year, & we have the Holiday shopping season upon us. This may keep inflation strong for the foreseeable future.

CRITICAL TIP OF THE DAY: Be frugal, do NOT live paycheck to paycheck, get your finances in order now! You will thank me next year! May God bless you and your family, & may you & yours be properly prepared for the uncertainty to come.

ECONOMIC CALENDAR EXPECTATIONS:

• Friday 10/14:

  • Retail Sales MoM SEP 8:30am ET Consensus +0.2%. Previous (AUG) +0.3%.

  • Michigan Consumer Sentiment Prel OCT 10:00am ET Consensus 59. Previous 58.6.

  • Business Inventories MoM AUG Consensus +0.9%. Previous +0.6%.

WORLD MARKETS:

• Dow Jones Futures Rise After Stocks Surge From Bear Market Lows; UnitedHealth, JPMorgan Report

• European markets rise on UK fiscal U-turn hopes; Stoxx 600 up 1%

• Japan stocks up more than 3%, Asia markets gain after Wall Street’s rally

• Treasury yields fall as markets digest hotter-than-expected inflation data

RECOMMENDED:

• China’s consumer prices jump by the most in more than two years

• JPMorgan Chase tops analysts’ estimates for third-quarter profit on gains from interest income

• British bond yields fall after UK PM Liz Truss announces a news conference for later today

• Europe is still quietly importing Russian nuclear energy

• U.S. extends Covid public health emergency even though Biden says pandemic is over

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TODAY’S EPS EXPECTATIONS:

YESTERDAY’S EARNINGS:

YESTERDAY’S INSIDER TRADES:

YESTERDAY’S GAINERS & LOSERS:

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IMPORTANT DISCLAIMER: I am NOT a registered investment adviser, broker dealer, or member of any other association for research providers in any jurisdiction whatsoever & I am NOT qualified to give financial advice. Investing/Trading in securities, particularly microcap securities, is highly speculative & carries an extremely high degree of risk. The information, analysis, & opinions listed above are my own & may not properly reflect the underlying conditions of a company or security. You should do your own Due Diligence. Past performance does not guarantee future results. If you trade based on anything I have written YOU ACCEPT FULL RESPONSIBILITY AND LIABILITY for your own trades & actions & hold the author of this publication harmless. If that isn’t clear enough DO NOT TRADE, ACT, OR INVEST, BASED UPON ANYTHING I WRITE OR RECOMMEND. There, we should be solid now.