Welcome loyal listeners ~fans & followers to the 📌 Na2 Perspective ~today is December 18th and ~ THIS IS SEASON 3 ~Episode 1 entitled   "COFFEE & CONFERENCE CALLS " with  your host Khalid Natto 

In this episode we will be featuring comments on
● Costco
● Adobe
● FedEx
● Nike
● Micron
● JPMORGAN
● BAC

For those of you just joining us, please take the time to BINGE all my podcast
EMPIRICAL EVUDENCE WILL PROVE THAT
Na2  accurately predicted patterns of PRESS RELEASES on this very  podcast

Here's the list:
● Food Price Index falls yet wage hikes cripple consumers in America
● Excessive inventory in RETAIL INDUSTRY leads to holiday discounts
● Excessive inventory of Semiconductors leads to deflation
● Strong dollar is the same as sanctions (Growing)
● Bitcoin Bankruptcies (Growing)
● Acquisition strategy "BORROW & BUY" (Growing)
● Turkish Bankruptcies and Hyperinflationary effect (Growing)

📌  Na2's new forecasts

● ITS TIME TO PLAY THE GAME ... DEFINE AND DESIGN
○ DEFINE the market view
○ DESIGN an investment strategy that will be profitable if you are correct

Let's begin with a detailed  drill down ~ A Deep dive into  📌 Na2's  NOTES

The first company to publish its earnings in Season 3 was
● Costco on Dec 8th
○ THE KEY TAKE AWAY IS CONTAINER COSTS HAVE PLUMMETED!  THEREFORE SUPPLY CHAIN  INFLATION IS DEAD FOR NOW. This PROBABLY DUE TO the free flowing ports in LA & China
○ COSTCO OFFERS CHEAPER  FOOD PRICES TO BRING IN MORE  STORE TRAFFIC
○ Inventory levels are manageable
○ Record Sales for black Friday & Cyber Monday
○ GAS SALES ARE HUGELY PROFITABLE (STORE Traffic driver)
○ DEMAND IS SO HIGH for the EXECUTIVE SUBSCRIPTION that hey don't need to advertise

● Adobe was on December 15th
○ The key take aways are that the  recent acquisition is proceeding in line with expectations & the analytics tools show amazing growth in e- commerce

● Dec 20th will be Nike & FedEx

○ Nike will be an intricate discussion on supply chain,  and 2023 inventory, celebrity sports and a snap shot of the SPORTS ECONOMY.  Listing events that can be leveraged into sales

○ FedEx will be an insightful and invaluable glimpse  into China.    Everything from lockdowns  to manufacturing to labor.  Of course they will lean in on automation AI and DATA for the usual mention of cost savings

● Micron December 21st

○ Semi conductor industry Inventory issues

○ Chinese  lifting lock down opportunity

● JPMorgan Chase and BAC Jan 13th 2023

○ CAN WE STRESS TEST BANKS IN HYPERINFLATIONARY ECONOMIES ?

○ Higher Household debt has been a popular headline lately ... let's see what they say about loan reserves and NPL NON PERFORMING LOANS

○  The impact of rising rates on real estate lending ?

○ Defaults and insolvency trends

● Na2 thesis on financials is focused  on the KNOWN/ UNKNOWN

○ BANKS NEED TO CHECK THE MARKET VALUE OF THEIR COLLATERAL (TURKEY)

○ Companies in hyperinflationary countries need to devalue their assets according to IAS 29

📌 Na2's Anticipated SEQUENCE OF EVENTS:

1. ANNUAL REPORTS WILL BE PUBLISHED AROUND MARCH 2023

2. CREDIT OFFICERS WILL PANIC UPON RECEIPT OF THE FINANCIALS

3. MARGIN CALLS WILL BE MADE

4. CENTRAL BANKERS WILL RAISE RATES

5. POLITICIANS will panic and  discuss the old TARP solution

📌 Na2's Conclusion

DEFINE MY MARKET VIEW
Market sentiment is still bearish near term and bullish long term ●●●