The Morning Call
2/11/21
The
Market
Technical
Wednesday in the
charts.
https://www.zerohedge.com/markets/stoner-stocks-soar-tesla-tumbles-dollar-dumps-gold-jumps
Time for
protection.
https://www.zerohedge.com/the-market-ear/protection
Fundamental
Headlines
The
Economy
US
Weekly
jobless claims rose 793,000 versus expectations of 757,000.
The January budget
deficit was $163 billion versus consensus of $150 billion.
International
January German PPI
came in at +2.1% versus the December reading of +0.6%.
Other
Port of Long Beach has best January on record.
https://www.zerohedge.com/economics/port-long-beach-has-best-january-record
The
Fed
In a speech yesterday,
Powell reiterated that economic conditions were such that QE will continue to
be with us into foreseeable; PLUS, we need more fiscal stimulus. I won’t bore you with another rant; but while
this may be great for the Market near term, ultimately the piper will have to
be paid. Not to mention the debilitating
effects QE has on economic growth.
Another strike against Fed policy.
https://www.nakedcapitalism.com/2021/02/monetary-policy-and-racial-inequality.html
Fiscal
Policy
Biden’s stimulus plan continues to take
shape.
The rot
is deep.
https://marginalrevolution.com/marginalrevolution/2021/02/the-rot-is-deep.html
The destructive
power of transfer payments.
http://scottgrannis.blogspot.com/2021/02/the-destructive-power-of-transfer.html
The
coronavirus
What the future will judge.
https://www.aier.org/article/who-wanted-pandemic-lockdowns/
Latest stats on the virus.
Bottom
line
JP Morgan predicts new commodity supercycle.
https://www.zerohedge.com/markets/kolanovic-new-commodity-supercycle-has-begun
How are those China crash predictions working
out?
https://www.themoneyillusion.com/how-are-those-china-crash-predictions-working-out-for-you/
News on Stocks in Our Portfolios
T. Rowe Price (NASDAQ:TROW) declares $1.08/share
quarterly dividend, 20% increase from prior dividend of $0.90.
UPS (NYSE:UPS) declares $1.02/share
quarterly dividend, 1% increase from prior dividend of $1.01.
Hormel Foods (NYSE:HRL) announces it struck a
deal with Kraft Heinz (NASDAQ:KHC) to acquire the
Planters snack nut portfolio for $3.35B in cash.
What
I am reading today
The
investment strategy that makes your life easier.
https://awealthofcommonsense.com/2021/02/the-investment-strategy-that-makes-your-life-easier/
Visit Investing
for Survival’s website (http://investingforsurvival.com/home)
to learn more about our Investment Strategy, Prices Disciplines and Subscriber
Service.
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