The Morning Call---Multiple warnings

 

The Morning Call

 

4/21/21

 

The Market

         

    Technical

              

               Tuesday in the charts.

               https://www.zerohedge.com/markets/stocks-slump-worlds-biggest-asset-manager-warns-market-feels-bit-frothy

 

               Buyers buy (on margin) as insiders sell.

               https://sentimentrader.com/blog/investors-buy-on-margin-as-insiders-sell/

 

    Fundamental

 

       Headlines

 

              The Economy

 

                        US

 

Weekly mortgage applications were up 8.3% while purchase applications were up 5.7%.

 

Month to date retail chain store sales fell roughly in line with the prior     week.              

 

                        International

 

The March UK CPI was 0.3%, in line; core CPI was 0.4% versus 0.3%; PPI was 0.5% versus 0.3%

 

                        Other

 

                          The upward slope of home prices.

                          https://www.calculatedriskblog.com/2021/04/the-upward-slope-of-real-house-prices.html

 

            The Fed

 

              More BS from Powell.

              https://www.zerohedge.com/markets/powell-says-inflation-may-rise-little-higher

 

            Inflation

 

              Here it comes (must read)

              https://www.zerohedge.com/commodities/coca-cola-prices-set-rise-amid-soaring-cost-pressures

 

     Bottom line.  Market warning---the latest from John Mauldin (must read)

                        https://www.zerohedge.com/markets/market-tsunami-warning

 

            Goldman and BofA warn of sharp reversal in investor euphoria.

            https://www.zerohedge.com/markets/goldman-bofa-warn-sharp-reversal-euphoric-sentiment-amid-sudden-selling-frenzy

 

            Start to take profits.

            https://www.zerohedge.com/markets/nuts-bofa-right-about-market-drop-3800

 

            The most annoying bull market of all time.

            https://awealthofcommonsense.com/2021/04/the-most-annoying-bull-market-of-all-time/

 

            Why should equities be fairly valued?

            https://behaviouralinvestment.com/2021/04/20/why-should-equities-be-fairly-valued/

 

    News on Stocks in Our Portfolios

 

 

What I am reading today

 

           

                        Quote of the day.

            https://cafehayek.com/2021/04/quotation-of-the-day-3500.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+CafeHayek+%28Cafe+Hayek%29

 

            Public choice economics.

            https://www.adamsmith.org/blog/can-we-take-it-that-public-choice-economics-is-now-proven

 

                Stalin’s War.

            https://www.powerlineblog.com/archives/2021/04/sean-mcmeekin-the-story-behind-stalins-war.php

 

                Tyrannosaurs likely hunted in packs.

            https://www.washingtonpost.com/climate-environment/2021/04/19/grand-staircase-tyrannosaur/

 

 

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