sellside observations (that light at the end of the tunnel ... ), data just ahead; Lacy Hunt SAYS ... and stages of returning TO the office

Good morning, good afternoon and good night … Futures are open so weekend nearly done …

CNBC: Stock futures inch lower after Dow, S&P 500 cap worst month since March 2020

An extremely busy travel schedule chasing kids and football games yesterday and entertaining kids and dogs in the rains today will keep this weekends hit on the ‘light side’.

Never fear, I’ve got SOME content to offer and links / things which may funtertain you as you look forward TO Q4.

FIRST UP and in the case you hadn’t heard, a couple / few things from ZH

Fed's Favorite Inflation Indicator Unexpectedly Surges As Personal Spending Jumps …

Chicago PMI Plunges Into 'Contraction' - Weakest Since June 2020

UMich Inflation Expectations Tumbled In September

And as funTERtaining as ZH is, I’m ultimately grateful for them passing along things like THIS from BBG

Fed Put Getting Closer, Equity Market Says

IMPORTANT … AND for somewhat MORE (than you’d ever be able to imagine) on the Fed PUT, ODL …

… a hat-tip TO a ‘brilliant young economist’ — Eric Basmajian (@EPBResearch) — and as we collectively wait for the NEXT Lacy Hunt quarterly letter to drop, THIS was pointed out to ME by none other than Ms. DiMartino Booth (@DiMartinoBooth) and for that, I’m grateful (as I missed this when it hit the YouTube channel — must def subscribe and set up alert!!)

Hedgeye Deep Dive with Danielle DiMartino Booth and Lacy Hunt, Chief Economist, Hoisington, Mgmt.

After you’ve digested THAT, HERE are WEEKLY OBSERVATIONS from Global Wall Street’s sponsors (aka, the evil sellside) …

I’d note this weekends SUNDAY START penned by MSs stock jockey in chief — Mike Wilson — directly RELATES TO the aformentioned ODL …

OTHER ITEMS crossed my ‘inbox’ which I’d LIKE to read before the day / week / month and final quarter of the year gets underway,

KIMBLE: NYSE Composite Highlights Painful Bear Market For Investors!

ZH: When We'll Know The Bear Market Is Over

AllStarCharts — Stocks & Bonds Make It Three In A Row

Chartbook #157: The bond market massacre of September 2022.

ZH: Fed "Begins To Split" On Rate Hikes As "Chaotic Market Breakdown" Looms

… While this warning was (again) ignored for far too long, with global central banks hiking rates no less than 294 times since Aug 2021 (vs 1302 rate cuts since Lehman), last week the Bank of England confirmed that this time won't be different when it quickly ended its QT and restarted QE ("temporarily" of course) to avoid a brutal collapse of the UK pension system (which for some bizarre reason, had been allowed to use margin to hedge duration exposure). And while so far the Fed has shown it is confident it is immune to the crushing consequences of the biggest ever tightening cycle and reversal in global liquidity...

CNBC: Tesla delivered 343,000 vehicles in the third quarter of 2022

You get the idea. It was a BAD quarter for financial assets and TESLA delivered lots of cars. Great …

Moving on then TO the week ahead AND for any / all (still)interested in trying to plan your trades and trade your plans in / around FUNduhMENTALs, here are a couple economic calendars and LINKS I used when I was closer to and IN ‘the game’.

First, this from the best in the strategy biz is a LINK thru TO this calendar,

Wells FARGOs version, if you prefer …

… and lets NOT forget EconOday links (among the best available and most useful IMO), GLOBALLY HERE and as far as US domestically (only) HERE …

I’ll leave you with this,

“I ordered a chicken and an egg from Amazon. I’ll let you know…”
-@Dadsaysjokes

THAT is (almost) all for now. Off to enjoy what is left of the weekend … which is likely, by now, nearly finished … but first, on the month (and quarter and year) past via ZH summarizing how we’re mostly all feeling ‘bout now

AND … given NFP ends the week ahead, the jobs market be like this, just ahead of a recession — 5 stages of RTO,

OK, NOW THAT is all for now. Enjoy whatever is left of YOUR weekend …