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Special Situations 🌐 Newsletter (Jay Singh III)
Target rate probabilities for July Fed meeting: now 75% chance of 1% hike on July 27th! This probability is up from only 7.6% prior to today's CPI data. Canada raised by 1% at this wk's meeting.
CPI YOY of 9.1% beat expectations of 8.8% & core CPI of 5.9% beat exp of 5.7%. https://t.co/lW397WAauF
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Target rate probabilities for July Fed meeting: now 75% chance of 1% hike on July 27th! This probability is up from only 7.6% prior to today's CPI data. Canada raised by 1% at this wk's meeting.
CPI YOY of 9.1% beat expectations of 8.8% & core CPI of 5.9% beat exp of 5.7%. https://t.co/lW397WAauF
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Special Situations 🌐 Newsletter (Jay Singh III)
Chinese buyers in 35 mega projects in 22 cities refuse to pay mortgages on delayed construction projects (1.4% of all mortgages) --> very concerning!
Home loan pmt halts may cause 561B yuan / $83B of bad debt; China Construction Bank, Postal Bank, ICBC exposed
Thx @ColossusBIO https://t.co/7woHix1p93
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Chinese buyers in 35 mega projects in 22 cities refuse to pay mortgages on delayed construction projects (1.4% of all mortgages) --> very concerning!
Home loan pmt halts may cause 561B yuan / $83B of bad debt; China Construction Bank, Postal Bank, ICBC exposed
Thx @ColossusBIO https://t.co/7woHix1p93
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Special Situations 🌐 Newsletter (Jay Singh III)
Italian yields spiking, could lead to spread blowout! Giuseppe Conte told lawmakers that Five Star Movement, 2nd biggest group in Draghi coalition, would boycott confidence vote, which govt called over an aid package. Draghi signaled he would resign if Conte walked out on ballot! https://t.co/fd6ANg6ZUD
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Italian yields spiking, could lead to spread blowout! Giuseppe Conte told lawmakers that Five Star Movement, 2nd biggest group in Draghi coalition, would boycott confidence vote, which govt called over an aid package. Draghi signaled he would resign if Conte walked out on ballot! https://t.co/fd6ANg6ZUD
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Special Situations 🌐 Newsletter (Jay Singh III)
*ERICSSON SHARES EXTEND DECLINE TO 11% TO LOWEST SINCE MARCH 2020, ON WEAK EARNINGS / MARGINS
DNB expects estimates for 2023 EPS to fall 8%-10%
Cevian owns 4.9% of co & says valuation embarrassingly low. But does valuation matter in ST on such a sharp EPS miss & uncertainty? https://t.co/t82FSDV19e
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*ERICSSON SHARES EXTEND DECLINE TO 11% TO LOWEST SINCE MARCH 2020, ON WEAK EARNINGS / MARGINS
DNB expects estimates for 2023 EPS to fall 8%-10%
Cevian owns 4.9% of co & says valuation embarrassingly low. But does valuation matter in ST on such a sharp EPS miss & uncertainty? https://t.co/t82FSDV19e
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Special Situations 🌐 Newsletter (Jay Singh III)
Earnings: JPMorgan $JPM, Morgan Stanley $MS and Cintas $CTAS are among the U.S. companies expected to report results on July 14th. Looking forward to listening to $JPM webcast at 830am et https://t.co/RGwR8AeZxD
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Earnings: JPMorgan $JPM, Morgan Stanley $MS and Cintas $CTAS are among the U.S. companies expected to report results on July 14th. Looking forward to listening to $JPM webcast at 830am et https://t.co/RGwR8AeZxD
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Special Situations 🌐 Newsletter (Jay Singh III)
US equities barely moved on CPI day, but S&P 500 futures now down 1%, Russell down 1.3%, and WTI crude down 2.5% this morning. Good luck out there today! https://t.co/IZtvyqWJ5K
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US equities barely moved on CPI day, but S&P 500 futures now down 1%, Russell down 1.3%, and WTI crude down 2.5% this morning. Good luck out there today! https://t.co/IZtvyqWJ5K
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Special Situations 🌐 Newsletter (Jay Singh III)
*JPMORGAN $JPM 2Q EPS MISS $2.76, EST. $2.88
*JPMORGAN TEMPORARILY SUSPENDS SHARE BUYBACKS AFTER STRESS TEST
*JPMORGAN 2Q INVESTMENT BANKING REV. $1.35B, EST. $1.92B
STANDARDIZED CET1 RATIO 12.2%, EST. 12%
**Adj revenue $31.63B, est $31.97B
Return on equity 13%, estimate 13.5%
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*JPMORGAN $JPM 2Q EPS MISS $2.76, EST. $2.88
*JPMORGAN TEMPORARILY SUSPENDS SHARE BUYBACKS AFTER STRESS TEST
*JPMORGAN 2Q INVESTMENT BANKING REV. $1.35B, EST. $1.92B
STANDARDIZED CET1 RATIO 12.2%, EST. 12%
**Adj revenue $31.63B, est $31.97B
Return on equity 13%, estimate 13.5%
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Frank Taber
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My portfolio returns since inception & my reflection on my investing approach so far.
I indexed for ~6 years before active investing. These are my results as an active investor.
CY20: +65.4% (inception May)
CY21: +23.3%
YTD: -7.3%
Annualised Return: 31% https://t.co/nmhMsL5btI
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Thread/
My portfolio returns since inception & my reflection on my investing approach so far.
I indexed for ~6 years before active investing. These are my results as an active investor.
CY20: +65.4% (inception May)
CY21: +23.3%
YTD: -7.3%
Annualised Return: 31% https://t.co/nmhMsL5btI
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