The Morning Call----Yellen's Plan

 

The Morning Call

 

4/9/21

 

The Market

         

    Technical

 

            Thursday in the charts.

            https://www.zerohedge.com/markets/dollar-dump-sparks-bonds-bullion-bitcoin-big-tech-bid

 

            The dollar’s unexpected positive performance.

            https://www.ft.com/content/4ed6e64b-d253-4886-b7b9-fe428acad728

 

            As talk about inflation rises so does the interest in gold.

            https://www.nytimes.com/2021/04/08/business/inflation-gold-investing-funds.html

 

            Bullish sentiment hits a high.

            https://www.zerohedge.com/the-market-ear/cdbc9ew562

 

            VIX near a low.

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

           

    Fundamental

 

       Headlines

 

              The Economy

 

                        US

 

                        International

                       

February German industrial production declined 1.6% versus consensus     of +1.5%; its February trade balance was +E19.1 billion versus +E20.0 billion.

 

March Chinese CPI was -0.5% versus forecasts of -0.4%.

 

                        Other

 

                          March rail carloadings up 4.1% YoY.

                          https://www.calculatedriskblog.com/2021/04/aar-march-rail-carloads-up-41-yoy.html

                             

                          Getting GDP back to pre-Covid levels.

                          https://global-macro-monitor.com/2021/04/07/getting-back-pre-covid-gdp-levels/

 

                          The global economic expansion accelerates.

                          https://www.markiteconomics.com/Public/Home/PressRelease/42ddeb601f15427eb51f4b5e75a7a195

 

                                  How trillions in stimulus created a job crisis.

                          https://www.zerohedge.com/markets/there-are-absolutely-no-job-seekers-how-trillions-stimulus-sparked-historic-job-market

 

 

                        The Fed

 

              Highlights from Powell’s speech to IMF panel  (nothing new).

              https://www.zerohedge.com/markets/watch-live-feds-powell-speaks-imf-panel-here-are-key-highlights

 

                  Things are worse in Europe.

              https://www.zerohedge.com/economics/monetary-policy-america-mess-things-are-even-worse-europe

 

            Biden’s Plan

 

              Janet Yellen is serious and that’s bad.

              https://www.realclearmarkets.com/articles/2021/04/07/janet_yellen_is_serious_and_thats_really_sad_771835.html

 

              More Biden Plan analysis.

              https://issuesinsights.com/2021/04/06/will-you-be-drowned-by-bidens-coming-tidal-wave-of-tax-hikes/

 

            Today’s investing lesson

 

              Too smart for his own good (a bit too moralistic, but you will get the point).

              https://alephblog.com/2021/04/08/too-smart-for-his-own-good/

 

 

            Bottom line.

 

              More on valuations.

              https://www.advisorperspectives.com/dshort/updates/2021/04/07/the-q-ratio-and-market-valuation-march-update

 

                  The macro risks to the stock market are rising.

              https://www.zerohedge.com/markets/macro-risks-stock-market-are-mounting

 

 

    News on Stocks in Our Portfolios

 

 

 

What I am reading today

 

            US mulls sending warships into Black Sea (think Ukraine).

            https://www.zerohedge.com/geopolitical/us-mulls-deploying-warships-black-sea-be-ready-respond-ukraine-crisis

 

 

            A tiny particles wobble could upend the laws of physics.

            https://www.nytimes.com/2021/04/07/science/particle-physics-muon-fermilab-brookhaven.html

 

            Four social security secrets for bigger paychecks.

            https://www.usatoday.com/story/money/personalfinance/retirement/2021/04/07/social-security-bigger-checks/115665796/

 

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