I am taking off thru New Year’s. Hope everyone has a happy and safe holiday.
Thursday in the charts.
This is a bit ‘techie’ but it still gives you an idea of what the quants think short term.
The dollar and inflation.
The December Kansas City Fed manufacturing index came in at 12 versus November’s reading of 20.
November Japanese CPI was down 0.4% after being down 0.1% in October.
November German PPI rose 0.2% versus estimates of up 0.1%; the December business climate index was reported at 92.1 versus 90.0.
November UK retail sales declined 3.8% versus expectations of -4.2%, ex fuel, they were down 2.6% versus -3.3%; December consumer confidence was -26 versus -31.
How the ‘experts’ got it all wrong (must read):
And still are.
And it is no wonder.
Still more cavalry in on the way---FDA gives thumbs up to Moderna vaccine.
News on Stocks in Our Portfolios
EOG Resources declares $0.375/share quarterly dividend, in line with previous.
FedEx : FQ2 Non-GAAP EPS of $4.83 beats by $0.82; GAAP EPS of $4.55 beats by $0.60.
Revenue of $20.6B (+19.1% Y/Y) beats by $1.15B.
What I am reading today
Oldest carving in East Asia found.
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