Economy on 10.03.2023...

What's going on again? US banks under pressure? ⤵️

What went off there again after the stock exchange opened in the USA. SVB Finance Group was suspended from trading and stood with further under -50% in the feed. Even the CEO had to intervene and call the VC investors. Capital increase, missed numbers and forecast reduction, led to this selling pressure. This has weighed heavily on the banking sector. JPM, BoA and WF were all down -5% in the juice. But there were many more flashpoints. Biden announced the budget and plans to tax the "rich", Credit Suisse postponed numbers despite "late call" from the SEC, and so on.

The real estate sector in Germany has suffered, due to the fact that Vonovia is currently in a lawsuit, LEG sharply reduced the dividend.

Also in the crypto sector it goes on again with Silvergate. they stop the operation. But everything will run normally here. Everything runs secured but still times again in the sector, there is negative news and these press on the market.

Therefore, yesterday the indices and the risk assets have been somewhat under fire. Since I have already bled properly. I'm curious to see how we end this week today. This week was just too much going on. Interest rates and so on...

Let's look at the day. Today, there are still many data from the U.S.

Economic data

08:00

• DE: Consumer prices (final) February PROGNOSE: +0.8% yoy/+8.7% yoy provisional: +0.8% yoy/+8.7% yoy previous: +1.0% yoy/+8.7% yoy HICP PROGNOSE: +1.0% yoy/+9.3% yoy provisional: +1.0% yoy/+9.3% yoy previous: +0.5% yoy/+9.2% yoy
• DE: Building permits December and year 2022
• DE: Domestic tourism January
• UK: GDP January PROGNOSIS: +0.3% yoy previously: -0.5% yoy Three-month rate PROGNOSIS: n/a previously: -0.3% yoy
• UK: Trade Balance January PROGNOSIS: GBP -17.5 billion previous: GBP -19.3 billion
• UK: Industrial production January PROGNOSIS: -0.3% yoy/-4.3% yoy previous: +0.3% yoy/-4.0% yoy

11:00

• DE: ECB Director Panetta, speech at meeting of the Euro Cyber Resilience Board for pan-European Financial Infrastructures

11:30

• DE: Government-PK

14:30

• US: Labor Market Data February Employment ex Agriculture PROGNOSE: +225,000 yoy previous: +517,000 yoy Unemployment rate PROGNOSE: 3.4% previous: 3.4% Average hourly earnings PROGNOSE: +0.4% yoy/+4.8% yoy previous: +0.3% yoy/+4.4% yoy

15:00

• US: Treasury Secretary Yellen's hearing on the 2024 federal budget.

16:00

• DE: Chancellor Scholz, ECB President Lagarde, talks, Berlin.

Untimed:

• EU: rating review for Belgium (Fitch); Iceland (Fitch); Montenegro (Moody's); Norway (S&P); Portugal (S&P); Serbia (Moody's); Ukraine (S&P); Cyprus (Fitch).

Quarterly figures / Corporate dates Europe

07:30 Daimler Truck Annual Results

10:00 MVV Energie AGM

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#vonovia
#legimmobilien
#fed
#krypto
#kryptowährung
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#ethereum
#solana
#svbfinancegroup
#jpmorgan
#bankofamerica
#wellsfargo

Economy on 13.03.2023...

SVB capital safe? No interest rate hike in March?⤵️

What a Friday it was. For many since Corona certainly one of the toughest days. Especially if you haven't been on the stock market that long, you don't really know what to do and you're a bit scared. It's about your own money, so to speak, for which you work hard. But in that you have done nothing, you have done exactly the right thing. The stock market is for the most part just "waiting" and sitting out. Clearly, here and there, a few good purchases must be made, but even these do not only go north. The stock market is not a one-way street!!!

What happened over the weekend after all this? You can see it very clearly in the futures this morning. Something tunes the market positive, only what is it?

First, it was clearly announced that the capital of the SVB is safe and all get your money. There have been several meetings since Friday and it was clearly communicated that everyone will get their money. That should make the market at least in the short term positive!The first analyses (for example, from Goldman Sachs) assume that there will now be no 50 basis points jump in March of the Fed, but also no 25 basis points jump. But in view of the situation, one even assumes that there is no increase in March. This turnaround within a few days (first 25, then 50 and now maybe 0), would be positive for the market and at least, he seems to process some of the positive news this morning!

So we can be curious, what happens today still so. The so-called emergency meeting of the Fed, which today goes everywhere through the media, is actually no emergency meeting. It meets the Board of Governors and not the FOMC. So this is not about setting interest rates. That is completely standard in these situations. I am looking forward to this eventful day and hope you will also get good returns today! What else is going on:

Economic data

08:00

• DE: Labor Cost Index 4Q
• DE: Destatis: After entry into force of the second stage of the oil embargo against Russia: Petroleum imports to Germany, January 2023

09:30

• EU: Employment and Social Policy Council Meeting

11:00

• DE: "Diesel Senate" of the BGH examines: Can a bank have claims for damages against the manufacturer assigned to it in car financing?

11:30

• DE: Government-PK

14:30

• US: Opening of stock exchange USA / Canada (due to time change for daylight saving time)

21:00

• US: Stock Exchange USA / Canada close (due to time change for summer time)

Quarterly figures / corporate dates Europe

07:00 Bilfinger full year results and annual report

07:10 Hypoport detailed annual result

08:00 Porsche AG annual result (9 a.m. annual PK)

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#zinsen

Economy on 09.03.2023...

Back after holiday. Adidas? Interest rates? What's up?⤵️

Yes in Meck-Pomm and in Berlin, is since 2023 the International Women's Day a holiday. Therefore, we had here yesterday free and have enjoyed the day times something.

The stock market I have of course had something in view. What has happened so everything. On Tuesday evening, Mr. Powell came back to speak and has announced that the interest rate increases may be somewhat higher again. This stock market has dadrauf actually only slightly reacted and yesterday already well caught again.

Why is that so and was otherwise worse?

Who is still surprised by this? One sees for months that the efforts of the FED, not so fruitful as one had hoped. So what remains now. One looks at the further and then pulls the thing longer through... the danger is that at some point the economy does not find that so funny in the long run. Or one pulls once clearly and hopes that it is more fruitful. Probably the duration will be reduced. But we will see that only in the next MoM. One sees that the stock market no longer turns completely free, after such news. Also somehow a good sign.

$ADS
Adidas cuts the dividend and loses massively in sales. Dividend is from 3.30 € to 0.70 €. Sales have fallen alone by the end of the cooperation with the rapper Kanye West, over 600 million. Things are no longer running smoothly here and the share is also losing significantly.

$LEG
LEG Immobilien completely cuts the dividend for 2023. Of course, this could cap the entire sector today. $VNA
Vonovia is completely under fire because of the corruption allegations and could then also be very vulnerable here.

What else is going on?

I have yesterday my purchase for March in the portfolio done. Could be seen in my portfolio. $JNJ
I bought Johnson&Johnson. These had a very small weighting in my portfolio and the courses lead straight to buy. That's why I bought some dividends in my portfolio. The next buy is $PYPL
Paypal became. Here the risk is somewhat higher but for me this looks strongly like a bottom formation. Here I buy me some growth for 2023 in the depot. Clearly, the revenue and the EDITDA in 2022 fell sharply, but if the economy now starts again, then Paypal will benefit and the numbers should be much better and the turnaround should run.

I am excited and will hold here longer.

Also coming in today are the numbers from $S92
SMA Solar. These I have bought then yes under 40 and then sold well over 60€. had completely lost sight of the and was very surprised that the were now already over 80. The have times a strong turnaround put down. On the figures today I am curious!

Economic data (shortened version)

00:50

• JP: GDP (2nd release) 4Q

02:30

• CN: Consumer prices February

14:30

• US: Initial jobless claims (week) PROGNOSED: 195,000 Previous: 190,000

16:00

• US: Fed Governor Barr (voting on FOMC), speech at Peterson Institute on cryptocurrencies.

22:05

• UK: MSCI, quarterly index review.

ex-dividend individual stocks

Novartis 3.20 CHF

Quarterly figures / corporate dates USA / Asia

22:05 Oracle quarterly figures

Quarterly figures / company dates Europe

07:00 Deutsche Post | SMA Solar | LEG Immobilien

07:00 Siltronic | Adva | Deutsche Pfandbriefbank

07:00 Klöckner & Co annual results

07:30 Drägerwerk | Hannover Re | Hugo Boss

07:30 Manz | MLP Annual Results

Without time information:

- Dassault | Leonardo | Autogrill | Prada Annual figures

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