The Morning Call--What are investors thinking?

 

The Morning Call

 

1/7/21

 

The Market

         

    Technical

 

            Thursday in the charts.

            https://www.zerohedge.com/markets/stocks-crypto-bond-yields-soar-after-darkest-moment-american-history

 

            Are we in the last phase of the bull market?

            https://www.zerohedge.com/the-market-ear/caojrsvykb

 

            Bond prices continue to decline.

            https://allstarcharts.com/bonds-worst-asset-earth/

           

            Bond prices near technical trigger.

            https://www.zerohedge.com/markets/10y-treasury-yields-hit-cta-liquidation-trigger-its-about-get-ugly

 

            American gold eagle sales up 455% in 2020.

            https://www.zerohedge.com/commodities/american-gold-eagle-sales-455-2020

 

            Is the decline in the dollar about to reverse?

 https://www.zerohedge.com/markets/biggest-consensus-trade-2021-about-blow

               

    Fundamental

 

       Headlines

 

              The Economy

 

                        US

 

The December ISM nonmanufacturing index came in at 57.2 versus estimates of 54.6.

                          https://www.advisorperspectives.com/dshort/updates/2021/01/07/ism-services-increase-in-december-better-than-forecast

 

December nonfarm payrolls fell 140,000 versus expectations of a 71,000 increase.

                                                  https://www.zerohedge.com/markets/huge-december-payrolls-miss-140000-jobs-lost-worst-month-april

 

                        International

 

November Japanese household spending declined 1.8% versus predictions of -1.3%; November leading economic indicators were 96.6 versus 94.3 in October.

November German industrial production was up 0.9% versus forecasts of +0.7%.

 

The November EU unemployment rate was 8.3% versus consensus of 8.5%.

 

                        Other

 

            The Fed

 

              Philly Fed chief worries about tapering too soon.

              https://www.zerohedge.com/markets/feds-harker-says-qe-tapering-may-begin-late-2021-goldman-says-not-so-fast

 

            Fiscal Policy

 

              Yellen may not be as eager to jack up spending as many think.

              https://www.ft.com/content/d35b0693-4bd3-4f6f-ae09-cf7603d21cda

 

            The coronavirus

 

              Update on coronavirus stats.

              http://econbrowser.com/archives/2021/01/covid-19-weekly-fatalities-and-excess-fatalities-as-of-1-6

 

            Bottom line.  At 10 times revenues, what are investors thinking?

              https://www.zerohedge.com/markets/what-were-you-thinking

 

              December dividends by the numbers.

              https://politicalcalculations.blogspot.com/2021/01/dividends-by-numbers-for-december-2020.html#.X_dXPNhKiM8

 

    News on Stocks in Our Portfolios

 

 

 

What I am reading today

 

            What is behind the recent surge in bitcoin?

            https://thehill.com/opinion/finance/532811-what-is-behind-the-recent-surge-in-the-price-of-bitcoin

           

            Am I being duped?

            https://theirrelevantinvestor.com/2021/01/06/am-i-being-duped/

 

            The best cars of 2020.

            https://www.bloomberg.com/news/articles/2020-12-03/best-cars-of-2020-porsche-ferrari-rolls-royce-polestar-volvo-suv?sref=loFkkPMQ

 

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