Another one from Liz Ann Sonders: S&P 500 Buyback Index launched 10 years ago to measure performance of top 100 stocks with highest buyback ratios; it’s an example of a strategy that beat market over past 10 years, with total return of 14.3% annualized vs. S&P 500’s 13.0% #CoSoFinance

Average gasoline price in U.S. has fallen just below where it was the day Russia invaded Ukraine

From Liz Ann Sonders: Headline and core CPI #inflation nowcasts from @ClevelandFed now converging to +0.5% m/m

Something else that will weigh on inflation is M2 Money Supply is collapsing. M2 is a measure of the money supply that includes cash, checking deposits, and easily-convertible near money. This looks downright deflationary. Does anyone have deflation on their 2023 Bingo card?

Why falling shipping costs are important: Via @GameofTrades on Twitter, supply shocks contributed about 30% to inflationary forces. #CoSoFinance

The cost to ship a 40-foot container from Shanghai to Los Angeles has plunged to its lowest level since May 2020. That means pandemic boom in shipping costs is close to being completely erased #CoSoFinance

No one really knows what will happen with the global economy next year, but that doesn't slow down speculation. https://www.bloomberg.com/news/articles/2022-11-28/stagflation-will-dominate-in-2023-keeping-us-stocks-in-peril

Strict lockdowns in China means many electric vehicle plants ceased production, which in turn reduced near term demand (for lithium),” said BMI analyst Daisy Jennings-Grey. She added supply was “still very tight and demand is robust”. https://www.reuters.com/article/lithium-prices-idINL5N2X272B

The mainstream American media needs to have a serious talk with itself about why it hates the freedom fighters in Ukraine.

This will be interesting. I'll point out that politicians telling corporations what to do is not exactly the free and unfettered capitalism that Republicans say they admire https://www.bloomberg.com/news/articles/2022-11-27/new-republican-house-majority-primed-to-pick-a-fight-over-woke-capitalism

We spent a few days this Thanksgiving week on a beach on the Gulf Coast of Florida. The sunsets are epic

Seems pretty clear

Surprising rise in new home sales. October new home sales +7.5% vs. -5.5% est. & -11% in prior month (rev down from -10.9%) ... past few months have been incredibly volatile but longer-term downtrend remains in place for now (blue) #CoSo #Finance

GDPNow model from ⁦
the Atlanta Fed
rose to +4.3% (q/q ann.) vs. +4.2% prior ... business investment picked up a bit while nonresidential investment's negative contribution worsened; net exports still positive #CoSo #Finance

The eight stocks with the largest market caps at the beginning of the year—which at the time represented a top-heavy 27.2% of the total market cap of the entire index — have lost an average of 40.4% so far this year (through Nov. 21), according to FactSet. That’s more than three times the 9.5% average loss among the remaining 490+ stocks in the S&P 500. https://www.marketwatch.com/story/these-2-etfs-show-why-owning-small-cap-stocks-is-key-to-beating-the-market-at-times-like-this-11669147046

Copper is one of the most useful of metals, including as an energy metal. Demand is ramping up. It will be tough for production to match.

Central banks purchased a record amount of #gold in 3Q.

Speaking of cheaper cars, the S&P 500 auto industry trading at its lowest relative to broader S&P 500 since July 2020

Used car prices are rolling over. I talked my daughter into repairing her clunker and putting off buying a new used car, I may be proven right!

This is one of the reasons I love #dividend #investing. Liz Ann Sonders reports that dividend strategies are outperforming this year in much of world, continuing their streak of outperformance MTD as well (top spot among factors in 5 of 7 major global markets) #CoSoFinance