Episode 99 - US Rejects China, Russian Oil, Home Sales and US Drones (Tom Kemler)

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3 years ago
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Welcome to another Weekly Market Update with Tom Kemler. In this episode Tom and Jeff discuss

1. The US Rejects China Claims over Taiwan Strait. Concerns Grow.
2. Hong Kong’s Iconic Jumbo Restaurant Capsizes in The South China Sea.
3. Ocean Shipping Law Embraces Sweeping Reform
4. Russian Oil production has continued to increase.
5. U.S. Energy Information Administration announced that all their data releases will be delayed indefinitely
6. Existing-Home Sales Continue to Crater.
7. The US Redbook Index (Chain Store Sales in US - Not Online) continues to decline.
8. Current Account for Q1 of 2022 which means we are importing vs exporting. Way more negative than had been expected.
9. PMI Composite was also a big miss. Which can indicate a recession.
10. New Home Sales number rebounded from April, beating consensus.
11. Consumer Sentiment continues to drop precipitously.
12. New Feature: What’s Not Happening. The US is still dragging its feet in sending over drones. Do they really work?
13. What’s not happening: Is the Crypto Party Over?
14. Fear and Greed index is up to low fear now.
15. Most Interesting Thing: Will the Kaliningrad Crisis lead to War?

Tom Kemler is the Chief Business Appraiser at BKA Business Consulting and BKA Wealth Consulting. Tom is a Chartered Financial Advisor (CFA), and a Certified Valuation Analyst (CVA). Tom has over 30 years of experience valuing companies and studying economics.

Jeff Kikel is the host of the Money Trekker Podcast and has hosted several other Podcasts and YouTube Shows. Jeff is an entrepreneur and owns several companies in the Finance, Coworking, Media, and Publishing companies. Jeff is also the author of 6 Finance, Retirement Plan, and Entrepreneurial areas books.

More episodes of the podcast at: www.moneytrekker.com

Learn more about our sponsors at:
T-Werx Coworking: www.T-Werx.com
BKA Wealth Consulting: www.BKAWealth.com

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