The Weekend Edition # 69

Let's make this a good start!

Happy New Year! Welcome to another issue of the Weekend Edition. 

Thank you to all who’ve read and subscribed to the newsletter this week!

Here’s what we cover:

• Market Recap - Brief update

• Macro - The Final Count 2022

• The Week Ahead - Economic & Earnings Calendar

• Closing Thoughts - Hello 2023

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Let’s dive in ⬇️

Market Recap - Dec 26-Dec 30, 2022

The last week of 2022 kind of mimicked the year with the markets being indecisive and finally just grinding down. Crude was no different and we saw bit of a surge during the week with crude finally closing at $80.

Markets were closed today in the US, but the European markets seemed upbeat, which is a surprise as Christine Lagarde wasted no time in the new year re-iterating a hawkish message on rates.

Source: Bloomberg

We’ll see how the US opens with overnight Globex trading after a down day on Friday. I just wanted to put out the calendars to prep us for the week ahead and to look at the final count for 2022.

We have important economic data coming up with week with the FOMC minutes being released on Wednesday and Jobs data on Friday.

Macro of the Week - The Final Count for 2022

Before we kick of the week, and the year, let’s look at the sector and stock tally for the year.

No surprise that the Energy sector had another stellar year, topping the charts with the Communications Sector hit the worst.

And here are the best and worst performers of the S&P500 for 2022:

The Week Ahead

Earnings - We have a few Consumer Staples reporting this week as a precursor to earnings season. Next week, we start earnings season properly with JP Morgan reporting on the January 13.

Economic Calendar - There’s no rest even if it’s the first week of the year

• FOMC minutes come out on Wednesday at 2pm ET

• Jobs Data on Friday at 8:30am ET

• A whole roster of Fed speakers (in case you were bored)

Closing Thoughts - Hello 2023

I put out my year-end wrap up and discussion for 2023, last week. The Macro section is free for readers. ⬇

Year End Special - Goodbye 2022; Hello 2023

I don’t have a crystal ball and none of us know where things are headed for sure. But, there are patterns and history is always a good guide. We have a few earnings this week before we kick off a proper earnings season next week.

I know you’re probably tired of hearing me say it but, we’re about to face an earnings recession - in the US, UK, and Europe. We probably will see the same in South Korea and China.

There are always things to learn in the market, and you just have to pay enough attention to form an opinion of where things may be going. We still might get it wrong but, at least we won’t get it totally wrong.

Let’s stay sharp!

Here’s wishing you Happy New Year, once again and safe investing in 2023.

Please take a moment to share and subscribe, if you found this newsletter useful.

Sincerely yours,

Ayesha Tariq, CFA

There’s always a story behind the numbers

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As you may be aware, I am also a co-founder at Traderade, where we look at Macro, Technicals and Fundamentals to help educate traders and investors. We have a website & discord server where we have daily discussions among our community.

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None of the above is Investment Advice. I may or may not have positions in any of the stocks or asset classes mentioned. I have no affiliation with any of the companies other than explicitly mentioned.

Full disclaimer: https://ayeshatariq.substack.com/about