The Morning Call
12/18/20
I am taking off thru
New Year’s. Hope everyone has a happy
and safe holiday.
The
Market
Technical
Thursday in the
charts.
https://www.zerohedge.com/markets/dollar-slump-sparks-surge-small-caps-lumber-copper-crypto-gold
This is a bit ‘techie’
but it still gives you an idea of what the quants think short term.
https://www.zerohedge.com/markets/sp-call-wall-rises-3750-ahead-25-billion-quad-witch-spotgamma
The dollar and
inflation.
http://econbrowser.com/archives/2020/12/debasing-the-dollar-or-inflation-looming-again
Fundamental
Headlines
The
Economy
US
The December Kansas City Fed manufacturing
index came in at 12 versus November’s
reading of 20.
International
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.
Other
The
coronavirus
How the ‘experts’ got it all wrong (must
read):
https://www.aier.org/article/the-decimal-point-that-blew-up-the-world/
And still are.
https://www.zerohedge.com/covid-19/tom-woods-virus-your-fault
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 (NYSE:EOG) declares
$0.375/share quarterly dividend, in line with previous.
FedEx (NYSE:FDX):
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.
Oldest
carving in East Asia found. But its maker is a mystery.
(nationalgeographic.com)
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