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

 

The Morning Call

 

10/14/20

 

I am gone until next Monday

 

The Market

         

    Technical

 

            Tuesday in the charts.

            https://www.zerohedge.com/markets/banks-bust-bullion-battered-sterling-slammed-stocks-slump

           

    Fundamental

 

       Headlines

 

              The Economy

 

                        US

 

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.

                          https://www.advisorperspectives.com/dshort/updates/2020/10/13/nfib-small-business-survey-improvement-in-september

 

                        International

                          

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%.

 

                        Other

 

                          The ‘K’ shaped recovery.

                              https://www.zerohedge.com/economics/k-shaped-recovery-v-some-not-most

 

                          October IMF global growth outlook.

                              http://econbrowser.com/archives/2020/10/october-imf-world-economic-outlook

 

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

                          https://www.zerohedge.com/markets/odds-no-deal-brexit-plunge-boris-johnson-signals-he-wont-walk-away-talks-eu

 

            The Fed

 

              Central banks in overdrive.

              https://www.bloomberg.com/news/articles/2020-10-13/central-banks-in-qe-overdrive-to-finance-deficit-spending-chart?sref=loFkkPMQ

 

            The coronavirus

 

              Lockdowns have been a disaster.

              https://issuesinsights.com/2020/10/13/covid-19-lockdowns-have-been-a-disaster-end-them-now/

 

  Global GDP loss due to coronavirus reaches $12 trillion.

  https://politicalcalculations.blogspot.com/2020/10/world-gdp-lost-due-to-coronavirus.html#.X4X03GhKiM8

 

              Patriotism in a contemptible country.

              https://unclenap.com/patriotism-in-a-contemptible-country/

 

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

              https://www.zerohedge.com/markets/michigan-supreme-court-denies-gov-whitmer-request-extension-pandemic-executive-powers

 

                          Lilly joins JNJ is suspending coronavirus treatment tests.

              https://www.zerohedge.com/markets/eli-lilly-suspends-covid-19-antibody-therapy-trial-over-potential-safety-concern

 

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

              https://www.zerohedge.com/economics/rickards-we-destroyed-worlds-greatest-economy-no-reason

 

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

              https://www.zerohedge.com/markets/see-no-risk

 

              There is no Smart Money.

              https://www.epsilontheory.com/the-frustrated-money-manager/

 

              Possible outcome of ‘blue wave’ election

              https://www.advisorperspectives.com/commentaries/2020/10/13/global-impact-of-a-blue-wave-election-outcome

 

              Don’t mix politics with your portfolio.

              https://awealthofcommonsense.com/2020/10/dont-mix-your-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.

            https://seekingalpha.com/article/4378928-retirement-strategy-and-t-is-just-dividend?utm_medium=email&utm_source=seeking_alpha&mail_subject=retirement-strategy-at-t-is-more-than-just-about-the-dividend&utm_campaign=nl-investing-income&utm_content=link-0

 

What I am reading today

 

            Berlin and the road to socialism.

            https://www.adamsmith.org/blog/berlin-and-the-road-to-socialism

 

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