Tuesday in the charts.
Junk bond yields fall below 4% for first time ever (can you say, ‘speculative froth’?)
Weekly mortgage applications fell 4.1% while purchase applications were down 4.7%.
Month to date retail chain store sales improved from the prior week.
The December job openings report (JOLTS) show 6.64 million available jobs versus estimates of 6.5 million.
The January new business optimism index came in at 95.0 versus 95.9 in December.
January CPI was +0.3%, in line; core inflation was 0 versus +0.2%.
December Japanese YoY average cash earnings declined 3.2 versus -1.8% reported in November; January YoY machine tool orders were up 9.7% versus up 9.9% in December; January PPI was +0.3% versus +0.4%.
The December German trade balance was +E16.1 billion versus estimates of +E15.9 billion; December CPI was +0.8%, in line.
January CPI was +0.1%, in line; January YoY vehicle sales were up 30.0% versus +6.4% in December.
Copper comes roaring back (cough, cough, inflation).
The Bank of China is pumping beaucoup money into its financial system.
The problem with defining risk.
News on Stocks in Our Portfolios
Mastercard (NYSE:MA) declares $0.44/share quarterly dividend, in line with previous.
Cisco : Q2 Non-GAAP EPS of $0.79 beats by $0.04; GAAP EPS of $0.60 beats by $0.02.
Revenue of $12B (-0.1% Y/Y) beats by $100M.
Cisco declares $0.37/share quarterly dividend, 2.8% increase from prior dividend of $0.36.
Cummins declares $1.35/share quarterly dividend , in line with previous.
What I am reading today
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