The Morning Call
3/26/21
The
Market
Technical
Thursday in the
charts.
https://www.zerohedge.com/markets/stocks-dumpnpump-dollar-gains-amid-bitcoin-bond-pain
When in doubt,
stay out.
https://www.zerohedge.com/the-market-ear/cekk2vfiya
Watch your tail.
https://www.zerohedge.com/the-market-ear/cmxrhgojog
Fundamental
Headlines
The
Economy
US
February personal
income fell 7.1% versus predictions of -7.3%; personal spending was -1.0%
versus -0.7%; the core PCE price index was +0.1%, in line; the trade balance
was -$86.7 billion versus -$84.5 billion in January; wholesale inventories rose
0.5% versus up 1.4% in January.
The March Kansas
City Fed manufacturing index came in at 23 versus estimates of 24.
International
February UK retail
sales were up 2.1%, in line; YoY auto production fell 14.0% versus down 27.3%
in January.
March Japanese YoY
CPI was -0.2% versus -0.3% in February.
The March German
business climate index was reported at 96.6 versus forecasts of 93.2.
Other
Hotel occupancy at highest in a year.
https://www.calculatedriskblog.com/2021/03/hotels-occupancy-rate-highest-in-year_25.html
Architecture billings climb into positive
territory.
https://www.calculatedriskblog.com/2021/03/aia-architecture-billings-climb-into.html
The
Fed
Fed says that it
will lift restrictions on bank dividend payouts and buybacks in June. The good news is that between measures taken
by congress and the Fed, we do not have to worry about presently is
overleveraged US bank balance sheets in the case of an economic disruption. The bad news is that the same can’t be said
for many foreign banks especially those in Europe. The hidden danger is the extent to which US
banks are counterparties to EU bank’s prop trading desks.
https://www.zerohedge.com/markets/fed-lift-bank-buyback-dividend-limits-end-june
The
coronavirus
Lockdowns stole dignity from people and
businesses.
Bottom line.
Stocks don’t ‘only go up’.
https://www.pragcap.com/stocks-dont-only-go-up/
Five investing powers.
https://www.collaborativefund.com/blog/five-investing-powers/
The rising risk in bonds.
https://humbledollar.com/2021/03/rising-risk/
News on Stocks in Our Portfolios
What
I am reading today
Hints of a new force in
nature.
https://www.theguardian.com/science/2021/mar/23/large-hadron-collider-scientists-particle-physics
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