Wednesday, October 14, 2020

The Morning Call---Hear no risk, see no risk, speak no risk


The Morning Call




I am gone until next Monday


The Market




            Tuesday in the charts.







              The Economy




Weekly mortgage applications fell 0.7% and purchase applications declined 1.7%.


The September small business optimism index was reported at 104.0 versus estimates of 99.0.





August Japanese industrial production was up 1.0% versus consensus of       up 1.7%.


August EU industrial production was up 0.7% versus predictions of up 0.8%.




                          The ‘K’ shaped recovery.



                          October IMF global growth outlook.



                                  Johnson says he won’t walk away from Brexit negotiations.



            The Fed


              Central banks in overdrive.



            The coronavirus


              Lockdowns have been a disaster.



  Global GDP loss due to coronavirus reaches $12 trillion.


              Patriotism in a contemptible country.



It is about time: court rules Michigan’s governor’s emergency pandemic executive powers unconstitutional.



                          Lilly joins JNJ is suspending coronavirus treatment tests.



                          We destroyed the greatest economy in the world for no reason.



            Bottom line.  Hear no risk, see no risk, speak no risk.



              There is no Smart Money.



              Possible outcome of ‘blue wave’ election



              Don’t mix politics with your portfolio.



    News on Stocks in Our Portfolios


Procter & Gamble (NYSE:PG) declares $0.7907/share quarterly dividend, in line with previous.


Cummins (NYSE:CMI) declares $1.35/share quarterly dividend, 3% increase from prior dividend of $1.311.


            ATT: it is about more than just a dividend.



What I am reading today


            Berlin and the road to socialism.



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