The Morning Call
6/10/21
The
Market
Technical
Wednesday in the
charts.
Coming volatility.
https://www.zerohedge.com/markets/its-coming
Fundamental
Headlines
The
Economy
US
Weekly jobless claims totaled 376,000 versus
estimates of 370,000.
May CPI came in at
+0.6% versus expectations of +0.4%; core CPI was +0.7% versus +0.4%. The ‘transitory’ inflation debate will likely
pick up steam. Who is right Powell or Friedman?
https://www.zerohedge.com/economics/core-consumer-prices-surge-fastest-rate-1992
International
May Japanese PPI was +0.7% versus consensus
of +0.5%.
Other
Update on Q2 nowcasts.
http://www.capitalspectator.com/us-q2-growth-estimates-decline-but-still-set-to-beat-q1s-increase/
History repeating itself.
https://www.advisorperspectives.com/commentaries/2021/06/09/the-return-of-the-finance-threat
The
Fed
The ECB leaves rates unchanged and ups QE
pledge.
https://www.zerohedge.com/markets/ecb-keeps-policy-unchanged-renews-pledge-faster-bond-buying
Biden’s
Plan
Biden ends infrastructure negotiations with
GOP group.
Inflation
Tracking shrinkflation.
More on China’s reaction to that higher PPI
number.
https://www.nytimes.com/2021/06/08/business/economy/china-inflation.html
Could ESG trigger higher inflation?
https://www.zerohedge.com/markets/why-one-bank-thinks-esg-could-trigger-hyperinflation
News on Stocks in Our Portfolios
What
I am reading today
Dinosaur found
in Australia was two stories high and the length of a basketball court.
Frozen worms brought back
to life after 24,000 years.
https://nypost.com/2021/06/08/24000-year-old-zombie-worms-discovered-frozen-and-alive/
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