Stocks at important technical level.
So is the dollar.
Tuesday in the charts.
Weekly mortgage applications rose 16.7% while purchase applications were up 10%.
December inflation came in at 0.4%, in line; core inflation was 0.1%, also in line.
November EU industrial production was up 2.3% versus expectations of up 0.2%.
December German PPI came in at +0.6% versus +0.1% reported in November.
December YoY Japanese machine tool orders increased 8.7% versus the November reading of +8.6%.
Europe appears headed for a double dip recession.
But what if we get a strong recovery?
Shipping rates hit record high.
China funding US universities.
Tracking US/China trade.
Bottom line. I don’t often put a technical opinion in the Bottom Line. But this guy is one of the best and is cautioning investors short term. The market is extremely stretched (must read).
What do rising rates imply for stocks, REIT’s and gold?
Even smart people make mistakes.
News on Stocks in Our Portfolios
What I am reading today
Five essential social security numbers that you need to know in 2021.
Thoughts on Twitter banning Trump.
Quote of the day.
Visit Investing for Survival’s website (http://investingforsurvival.com/home) to learn more about our Investment Strategy, Prices Disciplines and Subscriber Service.