The Morning Call--Yield curve control---another recipe for stagnation

 

The Morning Call

 

3/23/22

 

The Market

         

    Technical

 

            Monday in the charts.

            https://www.zerohedge.com/markets/bonds-big-tech-bid-banks-bitcoin-break-dollar-dumps

 

            The Fed’s mixed messaging on the yield curve.

            https://www.advisorperspectives.com/commentaries/2021/03/22/the-feds-mixed-messaging-on-the-yield-curve

 

    Fundamental

 

       Headlines

 

              The Economy

 

                        US

 

                          February existing homes sales fell 0.7% versus estimates of -0.2%.

                          https://www.advisorperspectives.com/dshort/updates/2021/03/22/existing-home-sales-down-7-in-february

 

                        International

 

                        Other

 

            The Fed

 

              A Fed with no fear of inflation.

              https://www.wsj.com/articles/a-fed-with-no-fear-of-inflation-should-scare-investors-11616331601

 

              Yield curve control---another recipe for stagnation.

              https://www.zerohedge.com/economics/yield-curve-control-another-recipe-stagnation

 

            Fiscal Policy

 

              Summers sees least responsible fiscal policy in 40 years.

              https://www.bloomberg.com/news/articles/2021-03-20/summers-says-u-s-facing-worst-macroeconomic-policy-in-40-years?sref=loFkkPMQ

 

              Details of Biden’s $3 trillion infrastructure plan leaked.

              https://www.zerohedge.com/political/first-details-bidens-3-trillion-build-back-better-infrastructure-plan-have-just-leaked

 

 

            Inflation

 

              What’s changed?

              https://thereformedbroker.com/2021/03/22/whats-changed-for-now-and-whats-changed-forever/

 

     Bottom line.

 

            The great stock market crash of 2021.

            https://americanconsequences.com/the-great-stock-market-crash-of-2021-sjuggerud/

 

            Blowing bubbles.

            https://humbledollar.com/2021/03/blowing-bubbles/

 

            Earnings do not matter much for stock returns.

            https://blogs.cfainstitute.org/investor/2021/03/22/myth-busting-earnings-dont-matter-much-for-stock-returns/

 

    News on Stocks in Our Portfolios

 

Hormel Foods (NYSE:HRL) declares $0.245/share quarterly dividend, in line with previous.

 

 

What I am reading today

 

           

 

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