I’m off to Bloomberg TV, for Closing Bell, from 3:55pm to 4:10 or so. We will be discussing the Markets, Fed speak, the slowing economy, various sectors, and whatever else comes up.
Some bullet points I hope to hit:
• Inflation remains elevated, as the economy slows: Slowflation
• Big Caps over small, Utilities over Technology, Consumer Staples of Discretionary.
• GE, Mosaic, Chicago Bridge & Iron (CBI), Service Corp (SCI) are some of the stocks we will discuss.
If you are not near a TV, you can stream it here:
Should be fun. . .
Its apparent from yesteday’s Earnings release that the impact of Housing is working its way into the earnings picture. So far, the impact has been very specific, and limited to Retail (Home Depot, Circuit City), a few Transports (Yellow Roadway, UPS), and of course the Home Builders. Thus far, Financials have contained the impact of sub-prime, but are seeing originations and loan volumes fall.
Here is a quick round up of where else Housing is impacting the economy, via RGE: