The Morning Call--Powell reiterates his reiteration

The Morning Call

 

2/12/21

 

The Market

         

    Technical

 

            Thursday in the charts.

            https://www.zerohedge.com/markets/bumble-fumble-stoner-stocks-tumble-bitcoin-rips-dollar-dips

 

            Investment managers are all in.

            https://twitter.com/sentimentrader/status/1359917270307381249

           

            Still neutral.

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

 

    Fundamental

 

       Headlines

 

              The Economy

 

                        US

 

                        International

 

The December UK balance of trade was -L6.2 billion versus -L6.6 billion in November; December industrial production was up 0.2 versus +0.5%; Q4 GDP growth was +1.0% versus +0.5%; Q4 business investment was +1.3% versus +14.5% in Q3.

https://www.zerohedge.com/markets/uk-economy-crashed-99-2020-biggest-drop-311-years

 

                        Other

 

                          How fragile is the oil price recovery?

                          https://www.nakedcapitalism.com/2021/02/the-most-fragile-oil-price-rally-in-history.html

 

                          A new inflation gauge from the NY Fed.

                          https://www.advisorperspectives.com/dshort/updates/2021/02/11/underlying-inflation-gauge-january-update

 

                          Are overly generous unemployment benefits shrinking the labor force?

                          http://blog.yardeni.com/2021/02/help-wanted.html

 

                          Credit card sales rebounding.

                          https://www.zerohedge.com/markets/prepare-blockbuster-retail-sales-report-bofa-card-data-shows-surge-spending

 

            The Fed

 

              Powell reiterates his reiteration.

              https://www.zerohedge.com/markets/powell-just-said-us-economy-has-add-500000-workers-every-month-or-he-wont-hike

 

            Fiscal Policy

 

              Fiscal stimulus around the world.

              http://gregmankiw.blogspot.com/2021/02/fiscal-stimulus-around-world.html

 

            Bottom line.

 

              Will high dividend payers make a comeback in 2021?

              https://www.advisorperspectives.com/commentaries/2021/02/10/will-high-dividend-payers-make-a-comeback-in-2021

 

              The divergence of nominal and real Treasury yields.

              http://www.capitalspectator.com/the-great-divergence-nominal-vs-real-treasury-yields/

 

    News on Stocks in Our Portfolios

 

Nike (NYSE:NKE) declares $0.275/share quarterly dividend, in line with previous.

 

What I am reading today

 

           

 

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