Monday Morning Meeting Notes (11/28/2022)

Weekly Economic Insights

Monday Morning Meeting Notes (11/28/2022)

Bradley Prosper, CFA®, CFP® Weekly Economic Insights

Monday Morning Meeting Notes (11/28/2022)

General Info:

  • With the most recent earnings season nearly finished (97% completed), below is an update
  • S&P 500: sales grew +11.48% (an upside surprise of +2.60%) and earnings grew +3.42% (an upside surprise of +2.90%)
  • S&P 500 excluding-Energy: sales grew +8.13% (an upside surprise of +1.86%) but earnings declined -4.39% (an upside surprise of +2.05%)
  • Fun Fact: Despite its size of only 3-5cm, the Pistol Shrimp can snap its claw shut so rapidly that it creates a bubble, which collapses to produce a sonic blast louder than a Concorde’s sonic boom or a gunshot
  • The shock wave can reach 210 decibels. The imploding bubble for a split second generates temperatures of 4,400 degrees Celsius, nearly as hot as the sun, killing its prey

Monday 11/28:

  • Cyber Monday, the first Monday after Thanksgiving, when retailers in the U.S. and abroad traditionally hold special promotions and sales online

Tuesday 11/29:

  • U.S. Conference Board consumer confidence for November
  • Germany consumer price index (CPI)
  • Japan unemployment and retail sales data

Wednesday 11/30:

  • U.S. Job Openings and Labor Turnover Survey (JOLTS) data for October
  • Eurozone CPI for November is expected to have been 10.4%
  • The Federal Reserve (Fed) releases its Beige Book of regional economic activity
  • Fed Chair Jerome Powell gives a speech at the Brookings Institute on the economy and the labor market

Thursday 12/01:

  • S&P Global Manufacturing PMI data for the Eurozone, U.K., France, South Korea, India, and Taiwan
  • China Caixin PMI
  • U.S. personal income and spending data for October
  • U.S. ISM Manufacturing PMI
  • Eurozone unemployment rate for October is expected to have remained at 6.6%

Friday 12/02:

  • U.S. employment report for November is expected to show 200,000 new jobs added, and the unemployment rate is expected to remain steady at 3.7%
  • Eurozone producer price index (PPI)

About the Author

Bradley Prosper, CFA®, CFP®

Senior Research Analyst
Mr. Prosper is a member of the Firm’s investment research group where he assists in conducting investment research that is instrumental in the construction, maintenance, and management of client portfolios. This research includes the procurement of primary data via direct investment manager interviews as well as analyzing information from our data resources.