Friday, October 4, 2013

Morning Memo: Friday, October 4, 2013

ICYMI:  out latest investor portfolio update:

"What's" On Our Shopping List For "When" the Time is Right?


"Morning Memo" begins below this "NOTE for  NEWCOMERS" to "Morning Memo"...... Each morning, we post a short bullet-point list of noteworthy events, data, etc that find their way into the assessment of global markets.  It's far from complete and is not meant to be an exhaustive reconciliation of all things that could possibly impact stocks, bonds, currencies and commodities!  Rather, it's best viewed as a cryptic memo of "highlights", noteworthy items that took place in Asia, European and US hours.....and color-coded 'Red' for seemingly negative impact on equity markets, 'Green' for positive.
This will also serve as a useful review mechanism, as scrolling through the series of "Morning Memo" posts over time ought to summarily highlight what generally drove price action.  

We hope you find this useful and informative....and as always, that you'll share feedback!!

5:00am ET...
  • US gov't shutdown makes this a non-non-farm-payroll Friday!
  • Asia...equity markets mixed but generally lower w/the Nikkei off close to 1%.  US shutdown and looming debt ceiling (October 17) weighing on markets.
  • Japan....BoJ kept policy unched, as widely expected stating the "economy is recovering moderately".
  • Non-Japan Asia....the FT reports, citing HSBC research, that Japan's lending and direct foreign investment into ASEAN countries (Association of Southeast Asian Nations) such as Thailand, Vietnam and Indonesia, is growing, partly as a way to diversify away from China and partly due to growing consumer base and export markets.   
  • India....HSBC/Markit's service sector survey hits lowest level since '09! This comes days after the manufacturing sector survey also showed weakness.
  • Europe...generally lower on US woes.
  • sales at highest level in 5 yrs, adding to recent data from the housing sector that the economy is improving.
  • Company news of possible broader market implications:
    • Adobe...announced a huge cybersecurity breach where some of their source code was stolen, opening up the possibility for the hackers to breach Adobe users.  (Editorial note:  cybersecurity is one of our key investment themes).
  • more later...

Please continue to visit Soos Global Market Musings for updates.

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(Please note: This article is solely meant to be thought provoking and is not in any way meant to be personal investment advice. Each investor is obligated to opine and decide for themselves as to the appropriateness of anything said in this article to their unique financial profile, risk tolerances and portfolio goals).
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Additional Disclaimer: currently long many stocks/ETFs.  Positions may change at any time without notice.

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