The Morning Call
5/25/21
The
Market
Technical
The S&P finished
back above the lower boundary of its short term uptrend negating its second challenge
in as many weeks. As I have said
repeatedly ‘I can’t see an end to this uptrend as long as the money keeps flowing
with abundance and in the absence of any major negative exogenous event.’
Monday in the
charts.
https://www.zerohedge.com/markets/bitcoin-bullion-big-tech-soar-dollar-drop-resumes
If gold is a fear
hedge……..
https://www.zerohedge.com/the-market-ear/cjttjtan1u
Fundamental
Headlines
The
Economy
US
International
The May German
business climate index came in at 99.2 versus estimates of 98.2; final Q1 GDP growth
was -1.8% versus -1.7%.
Other
Update on seven high frequency economic indicators.
https://www.calculatedriskblog.com/2021/05/seven-high-frequency-indicators-for_24.html
The
Fed
The Fed thinks
that it can have it all.
Reverse repos near
record highs.
https://www.zerohedge.com/markets/fed-alert-reverse-repo-usage-nears-record-repo-market-set-blow
Biden’s Plan
Senators reach
bipartisan $300 billion highway, roads and bridges spending package.
Inflation
A new survey of inflation
expectations.
https://econbrowser.com/archives/2021/05/firm-inflation-expectations-a-new-survey
Inflation, 1970’s,
1980’s and today.
https://www.zerohedge.com/economics/inflation-1970s-1980s-and-today
The coronavirus
Immunity or conformity.
https://unclenap.com/immunity-or-conformity/
Bottom line.
Talking bubbles
with Jeremy Grantham.
https://www.ft.com/content/5ab25e4c-e573-49f0-8a99-0e28092f548d
Subscriber Alert
In my quarterly review of the companies in our
Portfolio, CH Robinson (CHRW) and Becton Dickinson (BDX) failed to meet the
minimum financial quality standards for inclusion in the Dividend Growth
Portfolio. Accordingly, both positions
will be Sold at the Market open.
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
The municipal bond market
may be on the brink of a dramatic change.
The cardiovascular secrets of giraffes.
https://knowablemagazine.org/article/living-world/2021/heads-up-cardiovascular-secrets-giraffes
Visit Investing
for Survival’s website (http://investingforsurvival.com/home)
to learn more about our Investment Strategy, Prices Disciplines and Subscriber
Service.
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